Kristen Mcveety Sells 2,100 Shares of CoreWeave (NASDAQ:CRWV) Stock

CoreWeave Inc. (NASDAQ:CRWV) insider Kristen Mcveety sold 2,100 shares of CoreWeave stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $88.03, for a total value of $184,863.00. Following the completion of the transaction, the insider owned 123,313 shares in the company, valued at approximately $10,855,243.39. This represents a 1.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CoreWeave Stock Down 3.0%

Shares of NASDAQ CRWV opened at $84.23 on Friday. The company has a market cap of $38.65 billion, a price-to-earnings ratio of -23.08 and a beta of 7.44. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 5.53. CoreWeave Inc. has a 12 month low of $60.55 and a 12 month high of $153.20. The stock has a 50-day moving average price of $87.16 and a two-hundred day moving average price of $94.80.

CoreWeave (NASDAQ:CRWV) last posted 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. The company had revenue of $2.58 billion for the quarter. CoreWeave had a negative net margin of 25.41% and a negative return on equity of 47.95%. The company’s revenue for the quarter was up 112.5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.27) earnings per share. As a group, analysts forecast that CoreWeave Inc. will post -5.19 earnings per share for the current fiscal year.

Institutional Trading of CoreWeave

Several institutional investors have recently modified their holdings of the business. Sivia Capital Partners LLC bought a new position in CoreWeave during the 2nd quarter worth $39,824,000. Quantbot Technologies LP bought a new stake in shares of CoreWeave in the 2nd quarter valued at about $311,000. Invesco Ltd. bought a new stake in shares of CoreWeave in the 2nd quarter valued at about $882,000. First Trust Advisors LP acquired a new stake in shares of CoreWeave in the second quarter valued at about $20,260,000. Finally, Baird Financial Group Inc. acquired a new stake in shares of CoreWeave in the second quarter valued at about $455,000.

Trending Headlines about CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave is being integrated into Rescale’s AI cloud platform, extending its reach into engineering, simulation, research and development, and other enterprise workloads. The partnership could broaden customer adoption and improve utilization of CoreWeave’s GPU infrastructure. CoreWeave Enters Next Generation Engineering AI Workloads
• Positive Sentiment: Truist said NVIDIA’s reported 17% GPU price increase may not materially damage CoreWeave’s margins. Strong AI demand, customer pricing power, and contract structures could allow CoreWeave to pass through higher equipment costs, supporting the firm’s bullish outlook. NVIDIA’s GPU Price Hikes Look Bad for CoreWeave
• Neutral Sentiment: CoreWeave’s latest results showed revenue growth of 112.5% year over year to $2.58 billion, while adjusted losses were narrower than analysts expected. However, the company remains unprofitable, with analysts forecasting a full-year loss, and carries a debt-to-equity ratio of 5.53. Analyst opinions are mixed, although the consensus rating remains “Moderate Buy.”
• Negative Sentiment: CEO Michael Intrator sold 307,692 shares worth approximately $27.3 million, while CFO Nitin Agrawal sold about $488,000. The transactions were made under pre-arranged Rule 10b5-1 plans, which limits their value as a signal of current management sentiment, but the combined sales add near-term supply and investor concern. CoreWeave Insider Selling
• Negative Sentiment: Investors continue to debate whether rising GPU costs, potential future price competition among “neocloud” providers, and CoreWeave’s substantial debt will limit profitability. Those risks are particularly important because the company is investing heavily to expand capacity despite negative earnings and weak liquidity ratios.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CRWV. Wolfe Research reiterated an “outperform” rating on shares of CoreWeave in a report on Monday, July 6th. Piper Sandler reissued an “overweight” rating and set a $153.00 price objective (up from $151.00) on shares of CoreWeave in a report on Wednesday, August 12th. Robert W. Baird boosted their price objective on CoreWeave from $100.00 to $130.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 target price on shares of CoreWeave in a report on Wednesday, August 12th. Finally, Truist Financial increased their target price on CoreWeave from $155.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, August 24th. Twenty-one equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $141.90.

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.