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Kristen McVeety, the General Counsel and Secretary of CoreWeave , Inc. (NASDAQ:CRWV), a company currently valued at $18.52 billion, has made significant stock transactions according to a recent SEC filing. The stock trades near its 52-week low of $36, with InvestingPro analysis indicating the company is fairly valued. On March 27, 2025, McVeety sold 69,460 shares of CoreWeave’s Class A Common Stock at $40 per share, totaling approximately $2.98 million. Additionally, on November 14, 2024, she sold 135,660 shares at $47 per share, amounting to roughly $6.38 million. These sales were part of CoreWeave’s secondary offering and a pre-IPO transaction, respectively. The company posted remarkable revenue growth of 736% in the last twelve months, despite reporting losses with earnings per share of -$4.30.
McVeety also exercised stock options to acquire shares at prices ranging from $0.55 to $2.54, with a total transaction value of $306,244. Following these transactions, McVeety’s direct ownership in CoreWeave has been adjusted accordingly. For comprehensive insider trading analysis and additional financial metrics, investors can access detailed reports through InvestingPro, which offers 8 more exclusive insights about CRWV.
In other recent news, CoreWeave is reportedly planning to reduce the size of its US initial public offering (IPO) to approximately $1.5 billion. According to an anonymous source familiar with the matter, the company intends to revise the terms of the deal to offer around 37.5 million shares at a price of $40 each. This marks a significant change from the original terms, which proposed a sale of 49 million shares priced between $47 and $55 each. The updated terms of the offering are expected to be announced soon. These developments come as CoreWeave adjusts its strategy in response to market conditions.
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