Key Points
- CoreWeave CFO Nitin Agrawal sold 66,576 shares for approximately $5.57 million at an average price of $83.70, reducing his stake by 26.1%. The filing said the sale covered tax withholding obligations tied to vested equity awards.
- CoreWeave reported strong growth in its latest quarter, with revenue rising 112.5% year over year to $2.58 billion and an adjusted loss of $1.14 per share, better than analysts expected. However, the company remains unprofitable and highly leveraged, with a debt-to-equity ratio of 5.53.
- Analyst sentiment remains broadly positive, with 21 Buy ratings and an average price target of $142.31 versus the stock’s opening price of $80.92. Shares have nevertheless declined amid concerns over AI-training demand, leverage and broader market weakness.
CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) CFO Nitin Agrawal sold 66,576 shares of the business's stock in a transaction on Monday, September 14th. The stock was sold at an average price of $83.70, for a total transaction of $5,572,411.20. Following the completion of the sale, the chief financial officer owned 188,360 shares in the company, valued at approximately $15,765,732. The trade was a 26.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 Tuesday, August 25th, Nitin Agrawal sold 5,509 shares of CoreWeave stock. The shares were sold at an average price of $88.64, for a total transaction of $488,317.76.
- On Thursday, August 20th, Nitin Agrawal sold 10,062 shares of CoreWeave stock. The shares were sold at an average price of $91.88, for a total value of $924,496.56.
- On Wednesday, July 8th, Nitin Agrawal sold 3 shares of CoreWeave stock. The stock was sold at an average price of $82.98, for a total value of $248.94.
- On Tuesday, June 30th, Nitin Agrawal sold 4 shares of CoreWeave stock. The stock was sold at an average price of $95.69, for a total transaction of $382.76.
CoreWeave Trading Down 2.5%
Shares of CRWV stock opened at $80.92 on Wednesday. CoreWeave Inc. has a 1 year low of $60.55 and a 1 year high of $153.20. The company has a debt-to-equity ratio of 5.53, a current ratio of 0.46 and a quick ratio of 0.46. The stock's 50 day simple moving average is $85.56 and its two-hundred day simple moving average is $94.14. The company has a market cap of $37.13 billion, a PE ratio of -22.17 and a beta of 7.45.
CoreWeave (NASDAQ:CRWV - Get Free Report) last issued its quarterly earnings results on Tuesday, August 11th. The company reported ($1.14) EPS for the quarter, beating the consensus estimate of ($1.52) by $0.38. CoreWeave had a negative net margin of 25.41% and a negative return on equity of 47.95%. The company had revenue of $2.58 billion for the quarter. During the same quarter in the previous year, the company posted ($0.27) earnings per share. The business's revenue for the quarter was up 112.5% on a year-over-year basis. Research analysts predict that CoreWeave Inc. will post -5.19 earnings per share for the current year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Alyeska Investment Group L.P. increased its stake in shares of CoreWeave by 55.7% during the second quarter. Alyeska Investment Group L.P. now owns 10,891,267 shares of the company's stock worth $1,084,117,000 after purchasing an additional 3,897,741 shares in the last quarter. Deutsche Bank AG boosted its holdings in CoreWeave by 22,624.0% in the 4th quarter. Deutsche Bank AG now owns 3,812,856 shares of the company's stock worth $273,039,000 after buying an additional 3,796,077 shares during the last quarter. Altimeter Capital Management LP acquired a new stake in CoreWeave in the 4th quarter worth about $230,099,000. Amundi increased its stake in CoreWeave by 266.2% during the 1st quarter. Amundi now owns 3,284,121 shares of the company's stock worth $254,421,000 after buying an additional 2,387,337 shares in the last quarter. Finally, Altshuler Shaham Ltd increased its stake in CoreWeave by 9,369.1% during the 4th quarter. Altshuler Shaham Ltd now owns 2,010,676 shares of the company's stock worth $143,985,000 after buying an additional 1,989,442 shares in the last quarter.
Analyst Upgrades and Downgrades
Several research analysts recently issued reports on CRWV shares. BNP Paribas Exane began coverage on CoreWeave in a research report on Tuesday, June 2nd. They set an "outperform" rating and a $192.00 target price on the stock. Cantor Fitzgerald set a $176.00 target price on shares of CoreWeave and gave the company an "overweight" rating in a research report on Wednesday, August 12th. Jefferies Financial Group lowered CoreWeave from a "buy" rating to a "hold" rating in a research note on Wednesday, July 22nd. The Goldman Sachs Group upped their price objective on CoreWeave from $121.00 to $139.00 and gave the stock a "neutral" rating in a research report on Friday, August 21st. Finally, Wells Fargo & Company raised their price target on shares of CoreWeave from $155.00 to $160.00 and gave the company an "overweight" rating in a research report on Wednesday, August 12th. Twenty-one research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, CoreWeave has an average rating of "Moderate Buy" and an average target price of $142.31.
Get Our Latest Analysis on CRWV
More CoreWeave News
Here are the key news stories impacting CoreWeave this week:
- Positive Sentiment: CoreWeave’s expanding margins, improving contract economics, and growing mix of higher-margin offerings could support continued operating leverage through 2026. These trends suggest the company may convert its strong revenue growth into improved profitability over time. Will CoreWeave's Margins Continue Expanding Through 2026?
- Positive Sentiment: One bullish Wall Street view argues that CoreWeave’s sharp retreat from recent highs has created an attractive risk-reward setup, with the analyst maintaining a price target that implies substantial upside if AI infrastructure demand remains strong. CoreWeave Imploded Over The Last Few Months
- Neutral Sentiment: CFO Nitin Agrawal sold 66,576 shares worth approximately $5.6 million. The filing said the sale was made to cover tax withholding obligations tied to vested equity awards, reducing the likelihood that it represents a negative change in management’s view, although his direct ownership declined 26.1%. SEC Form 4 Filing
- Neutral Sentiment: Weakness across crypto-related and high-growth technology stocks after the U.S. Senate failed to advance comprehensive cryptocurrency legislation added to a risk-off market backdrop, though the legislation is not a direct CoreWeave operating issue. Bitcoin and Crypto Stocks Remain Down
- Negative Sentiment: Anthropic and OpenAI leaders’ calls for a slower pace of AI capability development raised fears that demand for large-model training could cool. Bernstein said CoreWeave may be especially exposed because of its concentration in AI training workloads, maintaining a sell rating. Bernstein Sticks to Its Sell Rating
- Negative Sentiment: Investors are also concerned about CoreWeave’s substantial leverage and vulnerability to broader macroeconomic weakness. Those concerns are particularly important for a capital-intensive company that is rapidly expanding its GPU data-center capacity. CoreWeave Stock Drops Amid Debt Concerns
CoreWeave Company Profile
(
Get Free Report)
CoreWeave, Inc is a specialized cloud computing provider focused on infrastructure for artificial intelligence, machine learning, high-performance computing and other data-intensive workloads. The company provides access to accelerated computing resources, particularly graphics processing units (GPUs), through a cloud platform designed for large-scale training, inference, rendering and scientific computing.
Its offerings include on-demand and reserved GPU instances, cloud storage, high-speed networking, Kubernetes-based container orchestration and managed services for deploying and scaling workloads.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
