Brannin Mcbee Sells 3,683 Shares of CoreWeave (NASDAQ:CRWV) Stock

CoreWeave Inc. (NASDAQ:CRWVGet Free Report) insider Brannin Mcbee sold 3,683 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $99.82, for a total transaction of $367,637.06. Following the sale, the insider directly owned 318,086 shares in the company, valued at approximately $31,751,344.52. This trade represents a 1.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

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

  • On Monday, April 27th, Brannin Mcbee sold 87,500 shares of CoreWeave stock. The shares were sold at an average price of $109.03, for a total transaction of $9,540,125.00.
  • On Monday, April 27th, Brannin Mcbee sold 200,000 shares of CoreWeave stock. The shares were sold at an average price of $109.03, for a total transaction of $21,806,000.00.
  • On Monday, April 27th, Brannin Mcbee sold 45,850 shares of CoreWeave stock. The shares were sold at an average price of $109.03, for a total transaction of $4,999,025.50.
  • On Monday, April 20th, Brannin Mcbee sold 87,500 shares of CoreWeave stock. The shares were sold at an average price of $115.94, for a total transaction of $10,144,750.00.
  • On Monday, April 20th, Brannin Mcbee sold 200,000 shares of CoreWeave stock. The shares were sold at an average price of $115.93, for a total transaction of $23,186,000.00.
  • On Monday, April 20th, Brannin Mcbee sold 45,830 shares of CoreWeave stock. The shares were sold at an average price of $115.94, for a total transaction of $5,313,530.20.
  • On Monday, April 13th, Brannin Mcbee sold 100,000 shares of CoreWeave stock. The shares were sold at an average price of $110.81, for a total transaction of $11,081,000.00.
  • On Monday, April 13th, Brannin Mcbee sold 43,750 shares of CoreWeave stock. The shares were sold at an average price of $110.82, for a total transaction of $4,848,375.00.
  • On Monday, April 13th, Brannin Mcbee sold 22,915 shares of CoreWeave stock. The shares were sold at an average price of $110.82, for a total transaction of $2,539,440.30.
  • On Monday, April 6th, Brannin Mcbee sold 66,665 shares of CoreWeave stock. The shares were sold at an average price of $81.25, for a total transaction of $5,416,531.25.

CoreWeave Stock Performance

NASDAQ CRWV traded down $2.09 during trading on Friday, hitting $105.49. 19,860,247 shares of the company’s stock traded hands, compared to its average volume of 29,885,526. The stock has a market capitalization of $47.21 billion, a price-to-earnings ratio of -33.92 and a beta of 7.84. CoreWeave Inc. has a 12-month low of $63.80 and a 12-month high of $187.00. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.31 and a current ratio of 0.31. The business has a 50 day moving average of $100.22 and a 200-day moving average of $90.88.

CoreWeave (NASDAQ:CRWVGet Free Report) last released its quarterly earnings data on Thursday, February 26th. The company reported ($0.89) EPS for the quarter, missing the consensus estimate of ($0.61) by ($0.28). The business had revenue of $1.57 billion for the quarter. CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. The company’s quarterly revenue was up 110.4% compared to the same quarter last year. As a group, equities research analysts anticipate that CoreWeave Inc. will post -4.58 earnings per share for the current fiscal year.

Trending Headlines about CoreWeave

Here are the key news stories impacting CoreWeave this week:

Analyst Ratings Changes

A number of brokerages have recently issued reports on CRWV. Sanford C. Bernstein increased their price target on shares of CoreWeave from $56.00 to $67.00 and gave the stock an “underperform” rating in a report on Tuesday, April 14th. JPMorgan Chase & Co. increased their price target on shares of CoreWeave from $90.00 to $105.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Citigroup increased their price target on shares of CoreWeave from $155.00 to $158.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Barclays increased their price target on shares of CoreWeave from $106.00 to $120.00 and gave the stock an “equal weight” rating in a report on Monday, May 11th. Finally, Wells Fargo & Company increased their price target on shares of CoreWeave from $135.00 to $155.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Nineteen 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.63.

Get Our Latest Stock Report on CRWV

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CRWV. Vanguard Group Inc. increased its position in shares of CoreWeave by 275.6% in the fourth quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company’s stock worth $1,999,421,000 after purchasing an additional 20,487,478 shares during the last quarter. Proficio Capital Partners LLC increased its position in shares of CoreWeave by 446,194.0% in the third quarter. Proficio Capital Partners LLC now owns 17,851,760 shares of the company’s stock worth $2,443,013,000 after purchasing an additional 17,847,760 shares during the last quarter. Deutsche Bank AG increased its position in shares of CoreWeave by 22,624.0% in the fourth quarter. Deutsche Bank AG now owns 3,812,856 shares of the company’s stock worth $273,039,000 after purchasing an additional 3,796,077 shares during the last quarter. Altimeter Capital Management LP bought a new position in shares of CoreWeave in the fourth quarter worth approximately $230,099,000. Finally, Alyeska Investment Group L.P. increased its position in shares of CoreWeave by 300.0% in the fourth quarter. Alyeska Investment Group L.P. now owns 4,000,000 shares of the company’s stock worth $286,440,000 after purchasing an additional 3,000,000 shares during the last quarter.

CoreWeave Company Profile

(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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