Jeff Baker Sells 1,320 Shares of CoreWeave (NASDAQ:CRWV) Stock

CoreWeave Inc. (NASDAQ:CRWV) insider Jeff Baker sold 1,320 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $99.82, for a total value of $131,762.40. Following the transaction, the insider owned 1,119 shares of the company’s stock, valued at $111,698.58. This trade represents a 54.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 Thursday, May 14th, Jeff Baker sold 42,515 shares of CoreWeave stock. The shares were sold at an average price of $113.94, for a total value of $4,844,159.10.
• On Wednesday, April 29th, Jeff Baker sold 6,760 shares of CoreWeave stock. The shares were sold at an average price of $107.87, for a total value of $729,201.20.
• On Tuesday, March 31st, Jeff Baker sold 16 shares of CoreWeave stock. The shares were sold at an average price of $74.05, for a total value of $1,184.80.

CoreWeave Trading Down 1.9%

CoreWeave stock traded down $2.09 during midday trading on Friday, reaching $105.49. 19,860,247 shares of the stock traded hands, compared to its average volume of 29,885,526. The company has a 50-day simple moving average of $100.22 and a two-hundred day simple moving average of $90.88. CoreWeave Inc. has a 12-month low of $63.80 and a 12-month high of $187.00. The firm has a market cap of $47.21 billion, a PE ratio of -33.92 and a beta of 7.84. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 3.68.

CoreWeave (NASDAQ:CRWV) last announced its earnings results on Thursday, February 26th. The company reported ($0.89) EPS for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.28). CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. The firm had revenue of $1.57 billion for the quarter. CoreWeave’s revenue was up 110.4% compared to the same quarter last year. Research analysts expect that CoreWeave Inc. will post -4.58 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of CRWV. CTC Alternative Strategies Ltd. acquired a new position in CoreWeave during the first quarter worth $852,000. Liontrust Investment Partners LLP grew its holdings in CoreWeave by 24.1% during the first quarter. Liontrust Investment Partners LLP now owns 127,752 shares of the company’s stock worth $9,897,000 after acquiring an additional 24,843 shares during the period. SOA Wealth Advisors LLC. grew its holdings in CoreWeave by 79.0% during the first quarter. SOA Wealth Advisors LLC. now owns 886 shares of the company’s stock worth $69,000 after acquiring an additional 391 shares during the period. Pathway Wealth Management LLC grew its holdings in CoreWeave by 2.9% during the first quarter. Pathway Wealth Management LLC now owns 3,593 shares of the company’s stock worth $278,000 after acquiring an additional 100 shares during the period. Finally, Western Wealth Management LLC acquired a new position in CoreWeave during the first quarter worth $300,000.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CRWV shares. Jefferies Financial Group boosted their target price on CoreWeave from $120.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. JPMorgan Chase & Co. boosted their target price on CoreWeave from $90.00 to $105.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Macquarie Infrastructure restated a “neutral” rating and set a $115.00 target price on shares of CoreWeave in a research note on Tuesday, January 27th. Citigroup boosted their target price on CoreWeave from $155.00 to $158.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Finally, Sanford C. Bernstein boosted their target price on CoreWeave from $56.00 to $67.00 and gave the stock an “underperform” rating in a research note on Tuesday, April 14th. Nineteen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.63.

Trending Headlines about CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave announced that CFO Nitin Agrawal will present at the Jefferies Software, Internet, and AI Conference on May 27, which keeps the company visible to investors and may reinforce the bullish AI growth narrative. CoreWeave to Participate in the Jefferies Software, Internet, and AI Conference
• Positive Sentiment: New coverage highlighted CoreWeave’s partnership with Pulumi, which ties its GPU cloud more tightly into AI developer workflows and could make the platform stickier for enterprise customers. CoreWeave Pulumi Deal Ties GPU Cloud To AI Developer Workflows
• Positive Sentiment: Several bullish articles continue to frame CoreWeave as a major beneficiary of AI infrastructure spending, citing strong revenue growth, a large backlog, and a new expanded AI infrastructure agreement with Meta. CoreWeave Scores Big With Meta — We See 66% Upside
• Neutral Sentiment: Market commentary comparing CoreWeave with Oracle and other AI infrastructure names may keep the stock in focus, but it does not add a clear new catalyst by itself. CoreWeave vs. Oracle: Which AI Infrastructure Stock is the Better Pick?
• Negative Sentiment: Insider selling remains a headwind, with CEO Michael Intrator and insider Brian Venturo both selling shares this week, which can weigh on investor confidence despite the trades being under pre-arranged 10b5-1 plans. CoreWeave insider trading filing
• Negative Sentiment: Recent analyst and media commentary has also been cautious, pointing to CoreWeave’s leverage, losses, and valuation risk, which helps explain why the stock has faced selling pressure despite strong AI demand. As AI infrastructure heats up, stay on the sidelines with CoreWeave stock

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.