Key Points
- CFO Nitin Agrawal sold 3,920 shares on March 3 at an average price of $73.20 for $286,944, reducing his direct stake to 169,185 shares (a ~2.26% decrease).
- Agrawal has been an active seller recently, including 5,383 shares on Feb 20 ($90.84), 36,317 shares on Dec 16 ($69.18), and 66,467 shares on Dec 11 ($82.58), signaling notable insider selling activity.
- CoreWeave reported Q4 revenue of $1.57 billion (up 110% YoY) and a ($0.89) EPS miss, and while it has a $66.8 billion backlog and a multi‑year Perplexity deal supporting growth, the company faces large losses, heavy capex plans and securities‑fraud litigation amid mixed analyst views.
CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) CFO Nitin Agrawal sold 3,920 shares of the business's stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $73.20, for a total value of $286,944.00. Following the completion of the transaction, the chief financial officer directly owned 169,185 shares in the company, valued at approximately $12,384,342. This represents a 2.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Nitin Agrawal also recently made the following trade(s):
- On Friday, February 20th, Nitin Agrawal sold 5,383 shares of CoreWeave stock. The shares were sold at an average price of $90.84, for a total transaction of $488,991.72.
- On Tuesday, December 16th, Nitin Agrawal sold 36,317 shares of CoreWeave stock. The stock was sold at an average price of $69.18, for a total transaction of $2,512,410.06.
- On Thursday, December 11th, Nitin Agrawal sold 66,467 shares of CoreWeave stock. The shares were sold at an average price of $82.58, for a total transaction of $5,488,844.86.
CoreWeave Stock Performance
CoreWeave stock traded up $2.31 during trading on Friday, hitting $77.13. The stock had a trading volume of 11,466,149 shares, compared to its average volume of 27,242,113. The stock's 50 day moving average is $88.54 and its two-hundred day moving average is $98.84. CoreWeave Inc. has a 1 year low of $33.51 and a 1 year high of $187.00. The stock has a market cap of $32.32 billion and a price-to-earnings ratio of -24.10. The company has a quick ratio of 0.49, a current ratio of 0.46 and a debt-to-equity ratio of 4.46.
CoreWeave (NASDAQ:CRWV - Get Free Report) last issued its earnings results on Thursday, February 26th. The company reported ($0.89) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.61) by ($0.28). The firm had revenue of $1.57 billion during the quarter. CoreWeave had a negative net margin of 22.75% and a negative return on equity of 33.82%. The business's revenue for the quarter was up 110.4% compared to the same quarter last year.
Key CoreWeave News
Here are the key news stories impacting CoreWeave this week:
Institutional Trading of CoreWeave
Several hedge funds have recently added to or reduced their stakes in the business. Family Legacy Financial Solutions LLC grew its stake in shares of CoreWeave by 166.7% during the third quarter. Family Legacy Financial Solutions LLC now owns 200 shares of the company's stock valued at $27,000 after buying an additional 125 shares during the last quarter. HighMark Wealth Management LLC purchased a new stake in CoreWeave during the 3rd quarter valued at about $27,000. OLD Second National Bank of Aurora purchased a new position in CoreWeave in the 3rd quarter worth approximately $27,000. KERR FINANCIAL PLANNING Corp purchased a new position in CoreWeave in the 3rd quarter worth approximately $27,000. Finally, Aspect Partners LLC bought a new stake in CoreWeave in the third quarter valued at approximately $28,000.
Wall Street Analysts Forecast Growth
Several equities research analysts have issued reports on CRWV shares. Sanford C. Bernstein began coverage on CoreWeave in a research report on Thursday. They set an "underperform" rating and a $56.00 target price on the stock. Needham & Company LLC reiterated a "hold" rating on shares of CoreWeave in a research report on Friday, February 27th. Stifel Nicolaus set a $120.00 target price on shares of CoreWeave in a research note on Tuesday, November 11th. Evercore dropped their target price on shares of CoreWeave from $175.00 to $160.00 and set an "outperform" rating for the company in a research report on Tuesday, November 11th. Finally, Mizuho decreased their price target on shares of CoreWeave from $100.00 to $95.00 and set a "neutral" rating on the stock in a report on Friday, February 27th. Eighteen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $122.35.
Check Out Our Latest Analysis on CoreWeave
About CoreWeave
(
Get Free Report)
CoreWeave is a U.S.-based provider of GPU-accelerated cloud infrastructure designed to support compute-intensive workloads such as artificial intelligence, machine learning, visual effects rendering and other high-performance computing applications. The company supplies access to large fleets of modern GPUs and complementary infrastructure that enable customers to train and deploy large models, run inference at scale, and process graphics-heavy workloads with low latency and high throughput.
CoreWeave’s product offering includes on-demand and dedicated GPU instances, bare-metal servers, private clusters and managed services tailored for enterprise and developer use.
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