Nitin Agrawal Sells 38,456 Shares of CoreWeave (NASDAQ:CRWV) Stock

CoreWeave Inc. (NASDAQ:CRWVGet Free Report) CFO Nitin Agrawal sold 38,456 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $83.23, for a total value of $3,200,692.88. Following the completion of the sale, the chief financial officer directly owned 189,892 shares of the company’s stock, valued at $15,804,711.16. The trade was a 16.84% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Nitin Agrawal also recently made the following trade(s):

  • On Wednesday, March 11th, Nitin Agrawal sold 63,157 shares of CoreWeave stock. The shares were sold at an average price of $79.68, for a total value of $5,032,349.76.
  • On Tuesday, March 3rd, Nitin Agrawal sold 3,920 shares of CoreWeave stock. The stock was sold at an average price of $73.20, for a total value of $286,944.00.
  • On Friday, February 20th, Nitin Agrawal sold 5,383 shares of CoreWeave stock. The shares were sold at an average price of $90.84, for a total transaction of $488,991.72.

CoreWeave Trading Down 2.6%

Shares of CRWV traded down $2.16 during midday trading on Thursday, hitting $80.66. The stock had a trading volume of 19,450,465 shares, compared to its average volume of 26,399,777. CoreWeave Inc. has a 1 year low of $33.51 and a 1 year high of $187.00. The firm has a market cap of $33.80 billion and a PE ratio of -25.21. The company has a debt-to-equity ratio of 4.46, a current ratio of 0.46 and a quick ratio of 0.46. The stock’s 50 day moving average is $89.27 and its 200 day moving average is $97.88.

CoreWeave (NASDAQ:CRWVGet Free Report) last released its quarterly earnings results on Thursday, February 26th. The company reported ($0.89) EPS for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.28). CoreWeave had a negative return on equity of 33.82% and a negative net margin of 22.75%.The firm had revenue of $1.57 billion for the quarter. CoreWeave’s revenue was up 110.4% compared to the same quarter last year.

Key Headlines Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. Renaissance Capital LLC increased its position in shares of CoreWeave by 49.9% during the third quarter. Renaissance Capital LLC now owns 47,162 shares of the company’s stock worth $6,454,000 after purchasing an additional 15,697 shares in the last quarter. Munro Partners grew its stake in CoreWeave by 5,272.4% during the 3rd quarter. Munro Partners now owns 616,485 shares of the company’s stock worth $84,366,000 after buying an additional 605,010 shares during the last quarter. AE Wealth Management LLC purchased a new position in CoreWeave during the 3rd quarter worth $4,241,000. HWG Holdings LP acquired a new position in CoreWeave during the 3rd quarter valued at about $1,863,000. Finally, Liontrust Investment Partners LLP acquired a new position in CoreWeave during the 2nd quarter valued at about $5,692,000.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Truist Financial lifted their target price on CoreWeave from $84.00 to $85.00 and gave the company a “hold” rating in a research report on Friday, February 27th. Wells Fargo & Company cut their price target on CoreWeave from $150.00 to $125.00 and set an “overweight” rating on the stock in a research note on Thursday, January 8th. Jefferies Financial Group lowered their price objective on shares of CoreWeave from $155.00 to $120.00 and set a “buy” rating for the company in a research note on Monday, January 5th. Needham & Company LLC reiterated a “hold” rating on shares of CoreWeave in a report on Friday, February 27th. Finally, Barclays cut their target price on shares of CoreWeave from $120.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Monday, January 12th. Eighteen investment 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 data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $122.35.

Read Our Latest Stock Report on CRWV

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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Insider Buying and Selling by Quarter for CoreWeave (NASDAQ:CRWV)

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