Kristen Mcveety Sells 156,000 Shares of CoreWeave (NASDAQ:CRWV) Stock

CoreWeave Inc. (NASDAQ:CRWV) insider Kristen Mcveety sold 156,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $81.63, for a total value of $12,734,280.00. Following the transaction, the insider owned 123,313 shares of the company’s stock, valued at approximately $10,066,040.19. This trade represents a 55.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CoreWeave Price Performance

CoreWeave stock opened at $89.36 on Friday. CoreWeave Inc. has a one year low of $60.55 and a one year high of $153.20. The company has a debt-to-equity ratio of 5.53, a current ratio of 0.46 and a quick ratio of 0.46. The business has a 50 day simple moving average of $85.33 and a 200 day simple moving average of $94.40. The company has a market capitalization of $41.00 billion, a PE ratio of -24.48 and a beta of 7.45.

CoreWeave (NASDAQ:CRWV) last issued its quarterly earnings results on Tuesday, August 11th. The company reported ($1.14) earnings per share 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 business had revenue of $2.58 billion during the quarter. During the same period in the prior year, the business earned ($0.27) EPS. The business’s revenue for the quarter was up 112.5% on a year-over-year basis. On average, sell-side analysts forecast that CoreWeave Inc. will post -5.19 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Piper Sandler restated an “overweight” rating and set a $153.00 target price (up from $151.00) on shares of CoreWeave in a report on Wednesday, August 12th. Roth Capital set a $145.00 price objective on shares of CoreWeave in a report on Thursday, August 13th. Wolfe Research reissued an “outperform” rating on shares of CoreWeave in a research report on Monday, July 6th. JPMorgan Chase & Co. lifted their price target on CoreWeave from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price objective on shares of CoreWeave in a research note on Wednesday, August 12th. Twenty-one equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, CoreWeave presently has an average rating of “Moderate Buy” and an average target price of $141.90.

More CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave will participate in the Goldman Sachs Communacopia + Technology Conference on September 8, where CEO Michael Intrator is scheduled to speak. The event could provide investors with updates on demand, capacity expansion and financial guidance. CoreWeave to Participate in the Goldman Sachs Communacopia + Technology Conference
• Positive Sentiment: Rescale selected CoreWeave Cloud for demanding AI and simulation workloads, expanding CoreWeave’s reach among engineering and research customers. The partnership reinforces the company’s growth narrative, although one analysis argued the stock could be about 21% overvalued after the deal. CoreWeave Could Be 21% Overvalued After the Rescale Cloud Deal
• Positive Sentiment: Jim Cramer identified CoreWeave as his preferred neocloud company, providing favorable visibility for CRWV among retail investors despite competition from IREN and Nebius. Jim Cramer Backs CoreWeave
• Neutral Sentiment: Goldman Sachs said the AI spending cycle may still be in its early stages, supporting the long-term market opportunity for CoreWeave but cautioning that future winners may differ from the stocks that led the initial AI rally. Goldman Sachs Says the AI Trade Is Barely Started
• Negative Sentiment: CEO Michael Intrator sold 307,692 shares for approximately $25.1 million, and insider Kristen McVeety sold 156,000 shares for about $12.7 million. The trades were made under pre-arranged Rule 10b5-1 plans, but their size may weigh on sentiment. CoreWeave SEC Insider Sale Filing
• Negative Sentiment: Analysts continue to highlight CoreWeave’s heavy financing burden: quarterly interest expense reportedly approached four times operating income, while the company’s debt-to-equity ratio remains elevated. OpenAI CEO Sam Altman’s warning about potentially unsustainable neocloud expansion adds further risk to the growth outlook. CoreWeave’s Interest Bill Is Nearly 4x Operating Income

Institutional Trading of CoreWeave

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CRWV. Cullen Frost Bankers Inc. lifted its stake in shares of CoreWeave by 45.8% in 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 in the last quarter. Greenline Wealth Management LLC purchased a new stake in CoreWeave during the fourth quarter worth about $28,000. Essential Partners LLC bought a new stake in CoreWeave in the 2nd quarter valued at about $30,000. Peterson Wealth Services raised 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 during the period. Finally, Cassaday & Co Wealth Management LLC purchased a new stake in shares of CoreWeave during the first quarter worth $31,000.

About CoreWeave

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.