CoreWeave (NASDAQ:CRWV) Shares Down 4.6% Following Insider Selling

CoreWeave Inc. (NASDAQ:CRWV) fell 4.6% on Wednesday after an insider sold shares in the company. The company traded as low as $98.25 and last traded at $100.8670. 21,195,553 shares changed hands during trading, a decline of 26% from the average daily volume of 28,500,840 shares. The stock had previously closed at $105.72.

Specifically, insider Brannin Mcbee sold 25,000 shares of CoreWeave stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $111.28, for a total transaction of $2,782,000.00. Following the completion of the transaction, the insider directly owned 402,852 shares in the company, valued at approximately $44,829,370.56. This trade represents a 5.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brannin Mcbee sold 144,000 shares of the business’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $111.28, for a total value of $16,024,320.00. Following the completion of the transaction, the insider directly owned 258,852 shares of the company’s stock, valued at $28,805,050.56. The trade was a 35.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In other news, insider Brannin Mcbee sold 28,000 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $111.28, for a total transaction of $3,115,840.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CRWV. Jefferies Financial Group boosted their target price on shares of CoreWeave from $120.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $135.00 price objective on shares of CoreWeave in a research report on Friday, May 8th. HC Wainwright reissued a “buy” rating and set a $180.00 target price on shares of CoreWeave in a research note on Monday, March 2nd. JPMorgan Chase & Co. lifted their price target on CoreWeave from $90.00 to $105.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Finally, Oppenheimer upped their price target on CoreWeave from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Twenty-one equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, CoreWeave presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.00.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Rosenblatt Securities initiated coverage with a Buy rating and a $250 price target, signaling significant upside potential and reinforcing bullish sentiment around CoreWeave’s AI infrastructure role.
• Positive Sentiment: Cantor Fitzgerald reiterated an Overweight rating and $167 price target after reviewing details in CoreWeave’s bond offering memo, with analysts viewing the company as a key beneficiary of the upcoming AI chip cycle.
• Positive Sentiment: CoreWeave announced a partnership with Conapto to expand AI cloud capacity in Sweden, a development that supports international growth and capacity expansion. CoreWeave and Conapto partner to expand AI cloud capacity in Sweden
• Neutral Sentiment: CoreWeave was highlighted in a list of stocks that could potentially double over the next two years, which reflects bullish long-term sentiment but is more of a promotional market view than a direct business update. Here is why CoreWeave, Inc. (CRWV) is among the 10 Stocks That Could Double Over the Next 2 Years
• Neutral Sentiment: Multiple insider sales were disclosed, including CEO Michael Intrator and insider Brannin McBee, but the trades were made under pre-arranged 10b5-1 plans, which often makes them less alarming to investors than discretionary selling.
• Negative Sentiment: The insider selling may still pressure sentiment near term, especially given the size of some recent transactions and the fact that the stock has already been volatile.

CoreWeave Price Performance

The company has a 50-day moving average of $110.86 and a 200 day moving average of $94.60. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 3.68. The stock has a market capitalization of $43.20 billion, a PE ratio of -31.27 and a beta of 7.14.

CoreWeave (NASDAQ:CRWV) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($1.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.17) by ($0.23). CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. The firm had revenue of $2.08 billion during the quarter. During the same quarter in the prior year, the firm earned ($0.60) EPS. The business’s quarterly revenue was up 111.6% compared to the same quarter last year. Sell-side analysts predict that CoreWeave Inc. will post -4.83 EPS for the current year.

Hedge Funds Weigh In On CoreWeave

Several hedge funds and other institutional investors have recently modified their holdings of CRWV. Cornerstone Planning Group LLC raised its holdings in CoreWeave by 272.8% in the 4th quarter. Cornerstone Planning Group LLC now owns 343 shares of the company’s stock valued at $25,000 after acquiring an additional 251 shares during the last quarter. KERR FINANCIAL PLANNING Corp purchased a new position in CoreWeave in the 3rd quarter worth approximately $27,000. Cullen Frost Bankers Inc. boosted its holdings in shares of CoreWeave by 45.8% during the 4th quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock worth $28,000 after purchasing an additional 121 shares during the last quarter. Greenline Wealth Management LLC purchased a new stake in shares of CoreWeave in the fourth quarter valued at approximately $28,000. Finally, Peterson Wealth Services grew its position in shares of CoreWeave by 153.1% in the first quarter. Peterson Wealth Services now owns 405 shares of the company’s stock valued at $31,000 after purchasing an additional 245 shares in the last quarter.

CoreWeave Company Profile

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.