CoreWeave (NASDAQ:CRWV) Insider Sells $5,349,373.00 in Stock

CoreWeave Inc. (NASDAQ:CRWV) insider Brannin Mcbee sold 63,835 shares of the stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $83.80, for a total value of $5,349,373.00. The transaction was disclosed in a filing with the SEC, which is available at this link.

Brannin Mcbee also recently made the following trade(s):

• On Monday, December 8th, Brannin Mcbee sold 102,835 shares of CoreWeave stock. The stock was sold at an average price of $83.80, for a total transaction of $8,617,573.00.
• On Tuesday, December 2nd, Brannin Mcbee sold 34,335 shares of CoreWeave stock. The shares were sold at an average price of $78.61, for a total transaction of $2,699,074.35.
• On Tuesday, December 2nd, Brannin Mcbee sold 500 shares of CoreWeave stock. The stock was sold at an average price of $78.61, for a total transaction of $39,305.00.
• On Tuesday, December 2nd, Brannin Mcbee sold 102,835 shares of CoreWeave stock. The stock was sold at an average price of $78.61, for a total transaction of $8,083,859.35.
• On Tuesday, December 2nd, Brannin Mcbee sold 29,000 shares of CoreWeave stock. The shares were sold at an average price of $78.61, for a total transaction of $2,279,690.00.
• On Tuesday, September 30th, Brannin Mcbee sold 150,000 shares of CoreWeave stock. The stock was sold at an average price of $138.10, for a total value of $20,715,000.00.
• On Tuesday, September 30th, Brannin Mcbee sold 157,903 shares of CoreWeave stock. The stock was sold at an average price of $138.59, for a total value of $21,883,776.77.
• On Tuesday, September 23rd, Brannin Mcbee sold 375,000 shares of CoreWeave stock. The shares were sold at an average price of $131.83, for a total value of $49,436,250.00.
• On Tuesday, September 23rd, Brannin Mcbee sold 250,000 shares of CoreWeave stock. The shares were sold at an average price of $131.83, for a total value of $32,957,500.00.
• On Tuesday, September 16th, Brannin Mcbee sold 375,000 shares of CoreWeave stock. The stock was sold at an average price of $118.17, for a total value of $44,313,750.00.

CoreWeave Stock Performance

NASDAQ CRWV opened at $88.16 on Thursday. The business’s 50 day moving average price is $107.25 and its 200-day moving average price is $120.35. CoreWeave Inc. has a fifty-two week low of $33.51 and a fifty-two week high of $187.00. The company has a market cap of $34.07 billion and a P/E ratio of -60.80. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.49 and a current ratio of 0.49.

CoreWeave (NASDAQ:CRWV) last issued its quarterly earnings results on Monday, November 10th. The company reported ($0.22) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.14. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the prior year, the business earned ($1.82) earnings per share. The firm’s quarterly revenue was up 133.7% compared to the same quarter last year.

Institutional Trading of CoreWeave

Several institutional investors and hedge funds have recently made changes to their positions in CRWV. Costello Asset Management INC boosted its position in CoreWeave by 33.3% during the 2nd quarter. Costello Asset Management INC now owns 400 shares of the company’s stock valued at $65,000 after acquiring an additional 100 shares in the last quarter. Chilton Capital Management LLC raised its position in shares of CoreWeave by 50.2% in the 3rd quarter. Chilton Capital Management LLC now owns 362 shares of the company’s stock worth $50,000 after acquiring an additional 121 shares in the last quarter. Family Legacy Financial Solutions LLC lifted its stake in shares of CoreWeave by 166.7% during the 3rd quarter. Family Legacy Financial Solutions LLC now owns 200 shares of the company’s stock worth $27,000 after purchasing an additional 125 shares during the last quarter. CoreCap Advisors LLC boosted its position in CoreWeave by 29.6% during the third quarter. CoreCap Advisors LLC now owns 644 shares of the company’s stock valued at $88,000 after purchasing an additional 147 shares in the last quarter. Finally, Pittenger & Anderson Inc. boosted its position in CoreWeave by 36.0% during the third quarter. Pittenger & Anderson Inc. now owns 680 shares of the company’s stock valued at $93,000 after purchasing an additional 180 shares in the last quarter.

Analyst Ratings Changes

Several brokerages recently commented on CRWV. Jefferies Financial Group cut their price target on shares of CoreWeave from $180.00 to $155.00 and set a “buy” rating on the stock in a report on Tuesday, November 11th. HC Wainwright reaffirmed a “buy” rating and set a $180.00 target price on shares of CoreWeave in a research note on Wednesday, November 12th. Evercore ISI decreased their price target on CoreWeave from $175.00 to $160.00 and set an “outperform” rating for the company in a research note on Tuesday, November 11th. Roth Capital initiated coverage on CoreWeave in a research report on Thursday, December 4th. They issued a “buy” rating and a $110.00 price objective on the stock. Finally, Barclays reduced their target price on CoreWeave from $140.00 to $120.00 and set an “equal weight” rating on the stock in a research note on Wednesday, November 12th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, CoreWeave presently has a consensus rating of “Hold” and an average price target of $129.47.

About CoreWeave

CoreWeave, Inc engages in the powers of the creation and delivery of the intelligence that drives innovation. It offers a solution used by organizations of all sizes that require sophisticated AI computing, from the largest of enterprises to small, well-funded start-ups. The company was founded by Michael Intrator, Brian Venturo, and Brannin McBee on September 21, 2017 and is headquartered in Livingston, NJ.