Jeff Baker Sells 6,455 Shares of CoreWeave (NASDAQ:CRWV) Stock

CoreWeave Inc. (NASDAQ:CRWV) insider Jeff Baker sold 6,455 shares of the stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $66.51, for a total value of $429,322.05. Following the transaction, the insider owned 7,167 shares in the company, valued at $476,677.17. This trade represents a 47.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 Tuesday, June 30th, Jeff Baker sold 4 shares of CoreWeave stock. The shares were sold at an average price of $95.69, for a total value of $382.76.
• On Wednesday, May 20th, Jeff Baker sold 1,320 shares of CoreWeave stock. The stock was sold at an average price of $99.82, for a total value of $131,762.40.
• On Thursday, May 14th, Jeff Baker sold 42,515 shares of CoreWeave stock. The stock was sold at an average price of $113.94, for a total value of $4,844,159.10.

CoreWeave Stock Down 2.9%

Shares of CRWV opened at $71.77 on Friday. The firm has a market cap of $32.12 billion, a P/E ratio of -23.08 and a beta of 7.17. The stock has a 50 day simple moving average of $93.58 and a two-hundred day simple moving average of $95.00. The company has a debt-to-equity ratio of 3.68, a current ratio of 0.31 and a quick ratio of 0.31. CoreWeave Inc. has a 1 year low of $60.55 and a 1 year high of $153.20.

CoreWeave (NASDAQ:CRWV) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($1.40) EPS for the quarter, missing the consensus estimate of ($1.17) by ($0.23). The business had revenue of $2.08 billion for the quarter. CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.The business’s quarterly revenue was up 111.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.60) earnings per share. On average, analysts forecast that CoreWeave Inc. will post -4.57 earnings per share for the current fiscal year.

Institutional Trading of CoreWeave

Large investors have recently added to or reduced their stakes in the stock. Pin Oak Investment Advisors Inc. purchased a new stake in shares of CoreWeave in the 3rd quarter worth about $34,000. Cornerstone Planning Group LLC boosted its stake in shares of CoreWeave by 272.8% during the 4th quarter. Cornerstone Planning Group LLC now owns 343 shares of the company’s stock valued at $25,000 after purchasing an additional 251 shares in the last quarter. Cullen Frost Bankers Inc. increased its position in shares of CoreWeave by 45.8% during the fourth quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock valued at $28,000 after buying an additional 121 shares during the period. Greenline Wealth Management LLC purchased a new position in shares of CoreWeave during the fourth quarter valued at about $28,000. Finally, Cassaday & Co Wealth Management LLC bought a new position in CoreWeave in the first quarter worth about $31,000.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CRWV shares. BTIG Research started coverage on shares of CoreWeave in a research note on Wednesday, July 22nd. They issued a “buy” rating for the company. Roth Capital reaffirmed a “buy” rating and set a $150.00 price objective on shares of CoreWeave in a research note on Friday, May 8th. BNP Paribas Exane assumed coverage on CoreWeave in a report on Tuesday, June 2nd. They issued an “outperform” rating and a $192.00 price objective on the stock. DA Davidson reiterated a “neutral” rating and issued a $100.00 price objective (down from $175.00) on shares of CoreWeave in a report on Monday, May 18th. Finally, Evercore reissued an “outperform” rating and issued a $150.00 target price on shares of CoreWeave in a research note on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, CoreWeave currently has an average rating of “Moderate Buy” and a consensus price target of $136.25.

More CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Leidos defense partnership expands addressable market: CoreWeave is collaborating with Leidos (NYSE: LDOS) to provide secure, sovereign AI-cloud infrastructure for U.S. defense, national security and intelligence agencies. The agreement could create additional demand for CoreWeave’s GPU capacity and strengthen its position in government AI workloads. Leidos and CoreWeave collaboration
• Positive Sentiment: Revenue expectations remain favorable: Oppenheimer expects second-quarter revenue near the high end of CoreWeave’s $2.45 billion-$2.60 billion guidance range. The outlook supports the company’s rapid AI-cloud expansion story ahead of its next earnings report. CoreWeave revenue outlook
• Neutral Sentiment: Large customer commitments offer visibility but add concentration risk: Meta Platforms (NASDAQ: META) could spend more than $62 billion with CoreWeave and Nebius, including agreements worth up to $35.2 billion for CoreWeave. However, Meta may eventually develop competing cloud services, creating a longer-term competitive risk. Meta spending and competition
• Negative Sentiment: Insider selling is weighing on sentiment: CEO Michael Intrator sold a combined 307,692 shares for roughly $20.5 million, while Jeff Baker sold 6,455 shares to cover tax withholding. The CEO’s sales were made under a pre-arranged Rule 10b5-1 plan, reducing their value as a direct signal, but the size and timing of the transactions have increased selling pressure. CoreWeave insider filing
• Negative Sentiment: Debt and profitability risks remain significant: Reports point to heavy GPU-related borrowing, high capital expenditures and negative earnings. Elevated credit-default-swap pricing has raised concerns about refinancing and a possible debt spiral, particularly given CoreWeave’s debt-to-equity ratio of 3.68 and weak liquidity ratios. CoreWeave credit concerns

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.