Insider Selling: CoreWeave (NASDAQ:CRWV) Insider Sells 6,670 Shares of Stock

CoreWeave Inc. (NASDAQ:CRWV) insider Jeff Baker sold 6,670 shares of the business’s stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $61.16, for a total transaction of $407,937.20. Following the transaction, the insider owned 14,170 shares of the company’s stock, valued at $866,637.20. This represents a 32.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Jeff Baker also recently made the following trade(s):

• On Wednesday, September 30th, Jeff Baker sold 5 shares of CoreWeave stock. The stock was sold at an average price of $87.69, for a total transaction of $438.45.
• On Thursday, August 20th, Jeff Baker sold 1,256 shares of CoreWeave stock. The shares were sold at an average price of $91.88, for a total transaction of $115,401.28.

CoreWeave Price Performance

NASDAQ:CRWV traded down $5.87 during mid-day trading on Friday, hitting $54.87. 53,272,786 shares of the company’s stock traded hands, compared to its average volume of 31,505,209. The firm’s 50 day simple moving average is $80.15 and its 200 day simple moving average is $91.19. CoreWeave Inc. has a 1 year low of $51.24 and a 1 year high of $138.36. The company has a market cap of $25.18 billion, a PE ratio of -15.03 and a beta of 7.36. 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 (NASDAQ:CRWV) last posted its quarterly earnings data on Tuesday, August 11th. The company reported ($1.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.52) by $0.38. CoreWeave had a negative net margin of 25.41% and a negative return on equity of 47.95%. The company had revenue of $2.58 billion for the quarter. During the same quarter in the prior year, the business earned ($0.27) EPS. The company’s revenue for the quarter was up 112.5% on a year-over-year basis. Sell-side analysts expect that CoreWeave Inc. will post -4.97 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Truist Financial upped their price objective on CoreWeave from $155.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, August 24th. Wolfe Research reiterated an “outperform” rating on shares of CoreWeave in a report on Monday, July 6th. Northland Securities set a $200.00 target price on shares of CoreWeave in a report on Wednesday, October 7th. Btg Pactual set a $125.00 target price on shares of CoreWeave in a research report on Monday, September 21st. Finally, Roth Capital set a $145.00 price target on CoreWeave in a report on Thursday, August 13th. Twenty-seven investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, CoreWeave presently has an average rating of “Moderate Buy” and a consensus price target of $130.24.

Hedge Funds Weigh In On CoreWeave

Several institutional investors and hedge funds have recently added to or reduced their stakes in CRWV. Public Employees Retirement System of Ohio purchased a new stake in CoreWeave in the 2nd quarter valued at $15,543,000. California State Teachers Retirement System lifted its stake in shares of CoreWeave by 25.5% during the 1st quarter. California State Teachers Retirement System now owns 320,011 shares of the company’s stock valued at $24,791,000 after buying an additional 64,960 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of CoreWeave by 12.6% during the first quarter. Bank of New York Mellon Corp now owns 353,702 shares of the company’s stock valued at $27,401,000 after buying an additional 39,599 shares during the period. Ardmore Road Asset Management LP increased its holdings in shares of CoreWeave by 3,410.0% in the 1st quarter. Ardmore Road Asset Management LP now owns 351,000 shares of the company’s stock valued at $27,192,000 after acquiring an additional 341,000 shares during the period. Finally, TD Waterhouse Canada Inc. lifted its holdings in shares of CoreWeave by 30.6% during the second quarter. TD Waterhouse Canada Inc. now owns 73,470 shares of the company’s stock worth $7,313,000 after purchasing an additional 17,196 shares during the period.

Key Headlines Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave is adding AI-cloud capacity in Denmark and building a dedicated backbone connecting Europe with customers in the Middle East and Asia-Pacific. Management says the expanded platform will serve enterprise AI clients across four continents, supporting the company’s long-term growth strategy. CoreWeave Adds Denmark Capacity to Its Global AI Cloud Platform
• Positive Sentiment: A bullish investment analysis highlights CoreWeave’s potentially rapid growth as demand for AI computing expands, though the opportunity is framed as most suitable for aggressive investors because of the company’s risk profile. CoreWeave’s Meteoric Growth Potential
• Neutral Sentiment: Analysts continue to rate CoreWeave around “Moderate Buy,” while comparisons with Microsoft emphasize CRWV’s greater upside potential but also substantially higher risk, debt and concentration. CoreWeave Rated Moderate Buy
• Negative Sentiment: AI-cloud stocks sold off as investors questioned whether major technology companies will continue spending aggressively on outside computing capacity. Microsoft’s lower-than-expected capital expenditures intensified concerns about AI infrastructure demand, data-center delivery timelines and future revenue growth for neocloud providers. Why Neocloud Stocks Are Falling After Microsoft’s Capex Miss
• Negative Sentiment: Comments attributed to Microsoft CEO Satya Nadella criticizing business models dependent on renting AI capacity to a small number of large customers raised concerns about CoreWeave’s customer concentration and business durability. Satya Nadella Just Took a Shot at Oracle and CoreWeave
• Negative Sentiment: Reports that CoreWeave’s debt prices have weakened sharply are fueling fears about refinancing and potential default risk. The company’s leveraged balance sheet makes higher interest costs, slower customer demand or delayed data-center deployments particularly damaging. Elon Musk vs. Jensen Huang: Who Is Right About CoreWeave?
• Negative Sentiment: A shareholder litigation firm said it is investigating potential claims involving CoreWeave’s officers and directors, adding a legal and reputational risk overhang. Investor Action Notice Regarding CoreWeave

CoreWeave Company Profile

CoreWeave, Inc is a specialized cloud computing company that provides infrastructure designed for artificial intelligence (AI), machine learning, and other high-performance computing workloads. Its platform gives customers access to accelerated computing resources, including graphics processing units (GPUs), along with the networking, storage, and software tools needed to develop, train, and deploy demanding applications.

The company offers cloud services for AI model training and inference, visual effects and rendering, scientific computing, and other data-intensive workloads.