Nitin Agrawal Sells 63,891 Shares of CoreWeave (NASDAQ:CRWV) Stock

CoreWeave Inc. (NASDAQ:CRWV) CFO Nitin Agrawal sold 63,891 shares of the firm’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $93.35, for a total value of $5,964,224.85. Following the completion of the sale, the chief financial officer directly owned 252,200 shares in the company, valued at $23,542,870. This trade represents a 20.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 value 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 value of $1,004,388.84.
• On Wednesday, April 8th, Nitin Agrawal sold 14 shares of CoreWeave stock. The shares were sold at an average price of $92.00, for a total value of $1,288.00.
• On Tuesday, March 31st, Nitin Agrawal sold 16 shares of CoreWeave stock. The shares were sold at an average price of $74.05, for a total value of $1,184.80.
• On Tuesday, March 17th, Nitin Agrawal sold 38,456 shares of CoreWeave stock. The shares were sold at an average price of $83.23, for a total value of $3,200,692.88.

CoreWeave Stock Performance

Shares of CRWV stock opened at $100.55 on Friday. The business’s 50-day moving average price is $107.85 and its 200-day moving average price is $92.41. CoreWeave Inc. has a 12 month low of $63.80 and a 12 month high of $187.00. The firm has a market capitalization of $45.00 billion, a price-to-earnings ratio of -32.33 and a beta of 7.14. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 3.68.

CoreWeave (NASDAQ:CRWV) last released its quarterly earnings results on Thursday, May 7th. The company reported ($1.40) earnings per share for the quarter, missing the consensus estimate of ($1.17) by ($0.23). CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.The firm had revenue of $2.08 billion for the quarter. During the same quarter in the prior year, the business posted ($0.60) EPS. The company’s revenue was up 111.6% on a year-over-year basis. Equities research analysts forecast that CoreWeave Inc. will post -4.57 EPS for the current year.

Hedge Funds Weigh In On CoreWeave

A number of hedge funds have recently made changes to their positions in the stock. Parallel Advisors LLC raised its position in shares of CoreWeave by 4.0% during the first quarter. Parallel Advisors LLC now owns 2,340 shares of the company’s stock worth $181,000 after acquiring an additional 91 shares during the last quarter. Pathway Wealth Management LLC raised its position in shares of CoreWeave by 2.9% during the first quarter. Pathway Wealth Management LLC now owns 3,593 shares of the company’s stock worth $278,000 after acquiring an additional 100 shares during the last quarter. Azzad Asset Management Inc. ADV raised its position in shares of CoreWeave by 2.1% during the first quarter. Azzad Asset Management Inc. ADV now owns 5,020 shares of the company’s stock worth $389,000 after acquiring an additional 104 shares during the last quarter. Hazlett Burt & Watson Inc. raised its position in shares of CoreWeave by 34.7% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 462 shares of the company’s stock worth $33,000 after acquiring an additional 119 shares during the last quarter. Finally, Cullen Frost Bankers Inc. raised its position in shares of CoreWeave by 45.8% during the fourth quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock worth $28,000 after acquiring an additional 121 shares during the last quarter.

More CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave said it will be added to the Nasdaq-100 on June 22, a development that typically boosts demand for a stock because index funds and ETFs that track the benchmark may need to buy shares. CoreWeave to Join Nasdaq-100 Index
• Positive Sentiment: Coverage around the addition highlighted that CoreWeave is one of the AI-linked companies benefiting from strong investor interest in Nvidia-backed names and the broader AI boom. These Nvidia-Backed Firms Are Set to Join the Nasdaq 100 Soon. Their Stocks Are Surging
• Neutral Sentiment: Recent articles also repeated bullish arguments that CoreWeave’s revenue could keep growing quickly and that enterprise AI adoption may support its backlog and bookings, reinforcing the long-term growth story. Wall Street Expects CoreWeave’s Revenue to Double in 2026 and 2027. Is the Stock a Buy?
• Neutral Sentiment: At the same time, the stock had recently been under pressure as investors booked profits and short interest rose, which helps explain some of the volatility around the move. Here’s why Nebius and CoreWeave stocks have lost momentum lately
• Negative Sentiment: CoreWeave has also been issuing significant debt to fund its AI buildout, including a $3.5 billion senior notes plan and recently priced $1.25 billion in dollar notes plus €2 billion in euro notes, which may worry some investors about leverage and financing costs. CoreWeave Announces Pricing of $1.25 Billion of Senior Notes and €2 Billion of Senior Notes
• Negative Sentiment: Recent insider sales by the CEO and another insider may also be creating some caution, even though the trades were made under pre-arranged Rule 10b5-1 plans. MarketBeat CRWV page

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. BNP Paribas Exane assumed coverage on CoreWeave in a research note on Tuesday, June 2nd. They issued an “outperform” rating and a $192.00 price objective for the company. JPMorgan Chase & Co. upped their price objective on CoreWeave from $90.00 to $105.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Wells Fargo & Company upped their price objective on CoreWeave from $135.00 to $155.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Citigroup upped their price objective on CoreWeave from $155.00 to $158.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Finally, Mizuho upped their price objective on CoreWeave from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Twenty investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, CoreWeave has an average rating of “Moderate Buy” and a consensus target price of $131.52.

About CoreWeave

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.