CoreWeave (NASDAQ:CRWV) CFO Nitin Agrawal Sells 5,509 Shares of Stock

CoreWeave Inc. (NASDAQ:CRWV) CFO Nitin Agrawal sold 5,509 shares of CoreWeave stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $88.64, for a total value of $488,317.76. Following the sale, the chief financial officer directly owned 132,596 shares in the company, valued at approximately $11,753,309.44. This trade represents a 3.99% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, August 20th, Nitin Agrawal sold 10,062 shares of CoreWeave stock. The stock was sold at an average price of $91.88, for a total value of $924,496.56.
• On Wednesday, July 8th, Nitin Agrawal sold 3 shares of CoreWeave stock. The shares were sold at an average price of $82.98, for a total value of $248.94.
• On Tuesday, June 30th, Nitin Agrawal sold 4 shares of CoreWeave stock. The stock was sold at an average price of $95.69, for a total value of $382.76.
• On Tuesday, June 16th, Nitin Agrawal sold 58,429 shares of CoreWeave stock. The shares were sold at an average price of $116.70, for a total transaction of $6,818,664.30.
• On Thursday, June 11th, Nitin Agrawal sold 63,891 shares of CoreWeave stock. The stock was sold at an average price of $93.35, for a total value of $5,964,224.85.

CoreWeave Trading Down 1.4%

CoreWeave stock opened at $86.80 on Friday. The firm’s 50 day moving average price is $87.84 and its two-hundred day moving average price is $94.87. The firm has a market cap of $39.83 billion, a price-to-earnings ratio of -23.78 and a beta of 7.44. The company has a debt-to-equity ratio of 5.53, a quick ratio of 0.46 and a current ratio of 0.46. CoreWeave Inc. has a 1 year low of $60.55 and a 1 year high of $153.20.

CoreWeave (NASDAQ:CRWV) last announced its earnings results on Tuesday, August 11th. The company reported ($1.14) EPS for the quarter, beating the consensus estimate of ($1.52) by $0.38. CoreWeave had a negative return on equity of 47.95% and a negative net margin of 25.41%.The business had revenue of $2.58 billion during the quarter. During the same period in the prior year, the company earned ($0.27) earnings per share. The company’s revenue for the quarter was up 112.5% on a year-over-year basis. On average, research analysts predict that CoreWeave Inc. will post -5.19 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Barclays lifted their price target on CoreWeave from $90.00 to $105.00 and gave the company an “equal weight” rating in a report on Thursday, August 13th. Wells Fargo & Company raised their price objective on shares of CoreWeave from $155.00 to $160.00 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. TD Cowen upgraded shares of CoreWeave to a “buy” rating in a research note on Wednesday, July 22nd. Wolfe Research reissued an “outperform” rating on shares of CoreWeave in a research report on Monday, July 6th. Finally, BNP Paribas Exane started coverage on shares of CoreWeave in a research note on Tuesday, June 2nd. They set an “outperform” rating and a $192.00 price target on the stock. Twenty-one analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.90.

Key CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave announced or expanded relationships with Hudson River Trading and Rescale, reinforcing demand for its AI cloud-computing services and potentially improving infrastructure utilization. CoreWeave Stock Trending as Company Lands Deals With Hudson River Trading, Rescale
• Positive Sentiment: Truist argued that NVIDIA’s reported roughly 17% GPU price increase may not hurt CoreWeave’s margins as much as expected. Strong customer demand, pricing power, and contract structures could allow CoreWeave to pass higher equipment costs through to customers; Truist reportedly sees substantial upside potential. Nvidia’s GPU Price Hikes Look Bad for CoreWeave. Truist Says the Opposite May Be True
• Positive Sentiment: NVIDIA’s strong quarterly results and reported minimum-revenue guarantees for some neocloud providers offered further evidence of robust AI infrastructure demand and could help CoreWeave secure financing or customer commitments. CRWV, NBIS, IREN Stocks Jump Overnight on Nvidia’s Blowout Q2
• Neutral Sentiment: Analyst commentary remains mixed: AI demand is outstripping available capacity, but comparisons with other data-center operators highlight CoreWeave’s substantial capital requirements, debt burden, and execution risks. CoreWeave: AI Demand Outstrips Supply, Yet The Stock Isn’t A Buy
• Negative Sentiment: Director Brannin McBee sold approximately $21.4 million of CoreWeave shares at $85.51 under pre-arranged Rule 10b5-1 plans. Although scheduled sales do not necessarily signal deteriorating fundamentals, the transactions reduced his holdings and added to investor concerns about insider confidence. CoreWeave Insider Sale SEC Filing
• Negative Sentiment: Investors remain concerned that rising GPU costs could compress profitability and that competition may eventually trigger a neocloud price decline. CoreWeave’s high debt-to-equity ratio and negative earnings amplify those risks. Truist Sees Investment Doubling Potential in CoreWeave

Institutional Investors Weigh In On CoreWeave

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. California State Teachers Retirement System increased its stake in shares of CoreWeave by 12,886.8% in the second quarter. California State Teachers Retirement System now owns 41,559,344 shares of the company’s stock worth $4,136,817,000 after purchasing an additional 41,239,333 shares during the period. Vanguard Group Inc. lifted its position in shares of CoreWeave by 275.6% during the 4th 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 boosted its stake in CoreWeave by 446,194.0% during the 3rd quarter. Proficio Capital Partners LLC now owns 17,851,760 shares of the company’s stock valued at $2,443,013,000 after purchasing an additional 17,847,760 shares during the period. Alyeska Investment Group L.P. boosted its stake in CoreWeave by 55.7% during the 2nd quarter. Alyeska Investment Group L.P. now owns 10,891,267 shares of the company’s stock valued at $1,084,117,000 after purchasing an additional 3,897,741 shares during the period. Finally, Bank of America Corp DE grew its holdings in CoreWeave by 13.1% in the 1st quarter. Bank of America Corp DE now owns 5,652,129 shares of the company’s stock valued at $437,870,000 after buying an additional 653,398 shares during the last quarter.

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.