CoreWeave (NASDAQ:CRWV) CFO Sells $1,809,255.27 in Stock

CoreWeave Inc. (NASDAQ:CRWV) CFO Nitin Agrawal sold 22,579 shares of the firm’s stock in a transaction that occurred on Monday, October 12th. The stock was sold at an average price of $80.13, for a total transaction of $1,809,255.27. Following the sale, the chief financial officer owned 110,017 shares of the company’s stock, valued at approximately $8,815,662.21. The trade was a 17.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, October 6th, Nitin Agrawal sold 3 shares of CoreWeave stock. The shares were sold at an average price of $88.60, for a total transaction of $265.80.
• On Wednesday, September 30th, Nitin Agrawal sold 5 shares of CoreWeave stock. The shares were sold at an average price of $87.69, for a total transaction of $438.45.
• On Tuesday, September 22nd, Nitin Agrawal sold 55,764 shares of CoreWeave stock. The stock was sold at an average price of $86.83, for a total transaction of $4,841,988.12.
• On Monday, September 14th, Nitin Agrawal sold 66,576 shares of CoreWeave stock. The stock was sold at an average price of $83.70, for a total transaction of $5,572,411.20.
• On Tuesday, August 25th, Nitin Agrawal sold 5,509 shares of CoreWeave stock. The shares were sold at an average price of $88.64, for a total value of $488,317.76.
• On Thursday, August 20th, Nitin Agrawal sold 10,062 shares of CoreWeave stock. The shares were sold at an average price of $91.88, for a total value of $924,496.56.

CoreWeave Stock Down 11.9%

CRWV opened at $61.39 on Friday. The firm’s 50 day simple moving average is $87.01 and its two-hundred day simple moving average is $94.42. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 5.53. CoreWeave Inc. has a 1-year low of $59.51 and a 1-year high of $141.79.

CoreWeave (NASDAQ:CRWV) last announced its quarterly earnings data on Tuesday, August 11th. The company reported ($1.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.52) by $0.38. The firm had revenue of $2.58 billion during the quarter. CoreWeave had a negative net margin of 25.41% and a negative return on equity of 47.95%. The business’s revenue for the quarter was up 112.5% on a year-over-year basis. During the same period last year, the company earned ($0.27) earnings per share. As a group, equities research analysts expect that CoreWeave Inc. will post -5.19 EPS for the current year.

More CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: JPMorgan analyst Samik Chatterjee called the recent selloff “overdone,” arguing that demand for AI computing remains robust and that CoreWeave can generate healthy returns as it brings additional capacity online. JPMorgan says Wall Street is overreacting
• Positive Sentiment: ARK Invest bought CoreWeave shares during the selloff, while Nvidia CEO Jensen Huang expressed confidence in the company. These endorsements support the bullish view that long-term AI infrastructure demand remains intact. Cathie Wood bought CoreWeave shares
• Positive Sentiment: CoreWeave has reportedly highlighted a backlog of approximately $104 billion, and Bank of America maintained a Buy rating and $140 price target, citing strong growth potential and the company’s ability to deploy computing capacity at scale. Bank of America backs CoreWeave
• Neutral Sentiment: Analyst opinion remains divided. Some firms describe the selloff as excessive and retain high price targets, but others have reduced targets because of funding, execution and customer-concentration risks. The conflicting views are contributing to elevated volatility. How to trade CoreWeave’s slow moving crisis
• Negative Sentiment: CoreWeave’s bonds have sold off sharply, with some unsecured debt trading near 79% of face value and yields on longer-dated notes reaching roughly 14.5% to 15%. Credit-default swap pricing reportedly implies a more than 50% probability of default over five years, raising concerns about refinancing and future capital needs. Why CoreWeave stock is falling
• Negative Sentiment: Investors remain worried that rising borrowing costs will undermine the economics of CoreWeave’s rapid expansion. The company reported negative free cash flow of approximately $5.7 billion in the latest quarter and carries substantial leverage, making weaker financing conditions particularly damaging. CoreWeave credit-default swaps hit distress levels
• Negative Sentiment: Gartner’s warning that as many as 80% of neocloud providers may not survive independently by 2030 has intensified concerns about competition, customer concentration and the durability of AI infrastructure spending. Gartner warns most neoclouds may not survive
• Negative Sentiment: Recent insider sales by CFO Nitin Agrawal and CRO Jonathan Jones added to investor unease, although the transactions were conducted under pre-arranged plans and were partly related to tax withholding. CoreWeave insider sale

Institutional Investors Weigh In On CoreWeave

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Essential Partners LLC acquired a new position in shares of CoreWeave in the 2nd quarter valued at $30,000. MassMutual Private Wealth & Trust FSB lifted its stake in CoreWeave by 241.1% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 307 shares of the company’s stock valued at $27,000 after buying an additional 217 shares in the last quarter. Burnham & Co LLC bought a new stake in CoreWeave in the 2nd quarter valued at $32,000. Cassaday & Co Wealth Management LLC bought a new position in CoreWeave during the 1st quarter worth about $31,000. Finally, Allied Private Wealth LLC bought a new stake in CoreWeave in the 2nd quarter valued at approximately $40,000.

Wall Street Analyst Weigh In

CRWV has been the topic of several research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of CoreWeave in a research report on Monday, September 21st. TD Cowen upgraded shares of CoreWeave to a “buy” rating in a research report on Wednesday, July 22nd. Piper Sandler reiterated an “overweight” rating and issued a $153.00 target price (up from $151.00) on shares of CoreWeave in a report on Wednesday, August 12th. UBS Group assumed coverage on CoreWeave in a research note on Tuesday, September 22nd. They set a “buy” rating and a $120.00 target price for the company. Finally, Wells Fargo & Company lifted their target price on CoreWeave from $155.00 to $160.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. Twenty-four investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $139.82.

CoreWeave Company Profile

CoreWeave, Inc is a specialized cloud computing provider focused on infrastructure for artificial intelligence, machine learning and other data-intensive workloads. The company offers access to accelerated computing resources, including graphics processing units (GPUs), alongside central processing units, high-performance storage, networking and data center capacity.

Its platform supports AI model training, fine-tuning and inference, as well as visual effects, rendering, scientific computing and other demanding applications.