Key Points
- CoreWeave CFO Nitin Agrawal sold 63,891 shares on June 11 at an average price of $93.35, generating about $5.96 million. The company said the sale was tied to tax withholding from vesting equity awards, and he still held 252,200 shares afterward.
- The insider has been steadily trimming holdings recently, with several additional CoreWeave sales reported in late May, March, and April. Altogether, the transactions suggest ongoing insider selling rather than a one-time trade.
- CoreWeave remains a volatile but high-profile AI stock: shares traded near $100.55, the company carries heavy leverage and negative earnings, yet analysts remain broadly constructive with a “Moderate Buy” consensus and a $131.52 average price target.
CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) CFO Nitin Agrawal sold 63,891 shares of the company's stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $93.35, for a total transaction of $5,964,224.85. Following the completion of the transaction, the chief financial officer owned 252,200 shares in the company, valued at approximately $23,542,870. This represents a 20.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Nitin Agrawal also recently made the following trade(s):
- On Wednesday, May 27th, Nitin Agrawal sold 5,508 shares of CoreWeave stock. The shares were sold at an average price of $102.17, for a total transaction of $562,752.36.
- On Wednesday, May 20th, Nitin Agrawal sold 10,062 shares of CoreWeave stock. The shares were sold at an average price of $99.82, for a total transaction of $1,004,388.84.
- On Wednesday, April 8th, Nitin Agrawal sold 14 shares of CoreWeave stock. The stock was sold at an average price of $92.00, for a total transaction of $1,288.00.
- On Tuesday, March 31st, Nitin Agrawal sold 16 shares of CoreWeave stock. The stock was sold at an average price of $74.05, for a total transaction of $1,184.80.
- On Tuesday, March 17th, Nitin Agrawal sold 38,456 shares of CoreWeave stock. The stock was sold at an average price of $83.23, for a total transaction of $3,200,692.88.
CoreWeave Stock Performance
CRWV stock opened at $100.55 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 3.68. The company has a market capitalization of $45.00 billion, a price-to-earnings ratio of -32.33 and a beta of 7.14. CoreWeave Inc. has a 12 month low of $63.80 and a 12 month high of $187.00. The firm has a 50 day moving average of $107.85 and a two-hundred day moving average of $92.41.
CoreWeave (NASDAQ:CRWV - Get Free Report) last posted its earnings results on Thursday, May 7th. The company reported ($1.40) EPS for the quarter, missing the consensus estimate of ($1.17) by ($0.23). The business had revenue of $2.08 billion during the quarter. CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.The firm's quarterly revenue was up 111.6% on a year-over-year basis. During the same period last year, the company earned ($0.60) earnings per share. As a group, equities analysts anticipate that CoreWeave Inc. will post -4.57 EPS for the current fiscal year.
Hedge Funds Weigh In On CoreWeave
A number of hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC raised its stake in shares of CoreWeave by 22.2% in the 1st quarter. NewEdge Advisors LLC now owns 59,155 shares of the company's stock valued at $4,583,000 after buying an additional 10,731 shares in the last quarter. CTC Alternative Strategies Ltd. acquired a new position in shares of CoreWeave in the 1st quarter valued at $852,000. Liontrust Investment Partners LLP raised its stake in shares of CoreWeave by 24.1% in the 1st quarter. Liontrust Investment Partners LLP now owns 127,752 shares of the company's stock valued at $9,897,000 after buying an additional 24,843 shares in the last quarter. SOA Wealth Advisors LLC. raised its stake in shares of CoreWeave by 79.0% in the 1st quarter. SOA Wealth Advisors LLC. now owns 886 shares of the company's stock valued at $69,000 after buying an additional 391 shares in the last quarter. Finally, Pathway Wealth Management LLC raised its stake in shares of CoreWeave by 2.9% in the 1st quarter. Pathway Wealth Management LLC now owns 3,593 shares of the company's stock valued at $278,000 after buying an additional 100 shares in the last quarter.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on CRWV shares. Citigroup increased their price target on shares of CoreWeave from $155.00 to $158.00 and gave the company a "buy" rating in a report on Thursday, May 14th. Jefferies Financial Group increased their price target on shares of CoreWeave from $120.00 to $160.00 and gave the company a "buy" rating in a report on Monday, May 4th. HC Wainwright reissued a "buy" rating and issued a $180.00 price target on shares of CoreWeave in a report on Monday, March 2nd. Roth Mkm reissued a "buy" rating and issued a $150.00 price target on shares of CoreWeave in a report on Friday, May 8th. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $167.00 price target on shares of CoreWeave in a report on Thursday. Twenty analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, CoreWeave presently has an average rating of "Moderate Buy" and an average price target of $131.52.
Check Out Our Latest Stock Analysis on CRWV
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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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