CoreWeave (NASDAQ:CRWV) Insider Brannin Mcbee Sells 102,835 Shares

CoreWeave Inc. (NASDAQ:CRWV) insider Brannin Mcbee sold 102,835 shares of the stock in a transaction on Monday, December 8th. The shares were sold at an average price of $83.80, for a total value of $8,617,573.00. Following the completion of the sale, the insider owned 185,181 shares in the company, valued at approximately $15,518,167.80. The trade was a 35.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Tuesday, December 2nd, Brannin Mcbee sold 34,335 shares of CoreWeave stock. The stock was sold at an average price of $78.61, for a total value 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 stock was 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 shares were 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 shares were 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 stock was 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.
• On Tuesday, September 16th, Brannin Mcbee sold 250,000 shares of CoreWeave stock. The stock was sold at an average price of $118.17, for a total value of $29,542,500.00.

CoreWeave Stock Down 2.8%

CRWV traded down $2.50 on Wednesday, reaching $88.16. The company’s stock had a trading volume of 25,912,115 shares, compared to its average volume of 24,336,217. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 2.66. CoreWeave Inc. has a fifty-two week low of $33.51 and a fifty-two week high of $187.00. The stock has a 50 day moving average of $108.22 and a two-hundred day moving average of $120.57. The company has a market capitalization of $34.07 billion and a price-to-earnings ratio of -60.80.

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

Institutional Investors Weigh In On CoreWeave

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

Wall Street Analyst Weigh In

Several research analysts have commented on the company. DA Davidson reaffirmed an “underperform” rating and set a $36.00 price target on shares of CoreWeave in a research report on Tuesday, November 11th. JMP Securities raised shares of CoreWeave from a “market perform” rating to a “market outperform” rating and set a $180.00 target price on the stock in a report on Tuesday, September 16th. Roth Capital assumed coverage on shares of CoreWeave in a research note on Thursday, December 4th. They set a “buy” rating and a $110.00 price target for the company. Mizuho dropped their price objective on shares of CoreWeave from $150.00 to $120.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 11th. Finally, Evercore ISI decreased their target price on shares of CoreWeave from $175.00 to $160.00 and set an “outperform” rating for the company in a research note on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, CoreWeave presently has an average rating of “Hold” and a consensus 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.