Insider Selling: CoreWeave (NASDAQ:CRWV) Insider Sells 6,455 Shares

CoreWeave Inc. (NASDAQ:CRWV) insider Jeff Baker sold 6,455 shares of CoreWeave 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 completion of 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 position. The transaction was disclosed in a legal filing 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 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 transaction of $382.76.
• On Wednesday, May 20th, Jeff Baker sold 1,320 shares of CoreWeave stock. The shares were sold at an average price of $99.82, for a total transaction of $131,762.40.
• 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 transaction of $4,844,159.10.

CoreWeave Stock Up 21.9%

Shares of CoreWeave stock traded up $13.29 on Thursday, reaching $74.11. The stock had a trading volume of 43,937,414 shares, compared to its average volume of 28,311,477. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 3.68. The stock has a market capitalization of $33.17 billion, a P/E ratio of -23.83 and a beta of 7.17. The company has a 50 day moving average price of $94.92 and a 200 day moving average price of $95.20. CoreWeave Inc. has a 1 year low of $60.55 and a 1 year high of $153.20.

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

Institutional Trading of CoreWeave

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Parallel Advisors LLC lifted its position in CoreWeave by 4.0% during the first quarter. Parallel Advisors LLC now owns 2,340 shares of the company’s stock valued at $181,000 after purchasing an additional 91 shares during the period. Pathway Wealth Management LLC grew its position in CoreWeave by 2.9% during the 1st quarter. Pathway Wealth Management LLC now owns 3,593 shares of the company’s stock worth $278,000 after purchasing an additional 100 shares during the period. Azzad Asset Management Inc. ADV raised its stake in shares of CoreWeave by 2.1% during the 1st quarter. Azzad Asset Management Inc. ADV now owns 5,020 shares of the company’s stock valued at $389,000 after buying an additional 104 shares during the last quarter. Hazlett Burt & Watson Inc. raised its stake in shares of CoreWeave by 34.7% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 462 shares of the company’s stock valued at $33,000 after buying an additional 119 shares during the last quarter. Finally, Cullen Frost Bankers Inc. lifted its holdings in shares of CoreWeave by 45.8% in the 4th 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.

CoreWeave News Summary

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Defense and intelligence partnership: CoreWeave is teaming with Leidos to provide secure, sovereign AI-cloud infrastructure for U.S. defense, national security and intelligence agencies. Leidos will handle mission integration and secure architecture, while CoreWeave supplies its AI-native cloud platform. The agreement could expand CoreWeave’s addressable market and support demand for classified-data-center capacity. Leidos and CoreWeave collaboration announcement
• Positive Sentiment: Revenue outlook and customer demand: Oppenheimer expects second-quarter revenue near the high end of CoreWeave’s $2.45 billion–$2.60 billion guidance. Separately, Meta could commit as much as $35.2 billion under existing and expanded agreements with CoreWeave, reinforcing the company’s contracted-demand story, although Meta may eventually compete with its cloud suppliers. CoreWeave Q2 revenue outlook
• Positive Sentiment: Sector rebound: CoreWeave joined a sharp recovery in AI-infrastructure stocks, with investors rotating back into high-growth “neocloud” companies after the recent selloff. AI cloud stocks rebound
• Neutral Sentiment: High volatility and earnings focus: CRWV remains well below its 52-week high, with investors awaiting the company’s upcoming earnings report for evidence that rapid revenue growth is translating into improving margins and cash flow.
• Negative Sentiment: Debt and default concerns: Reports that CoreWeave’s credit-default-swap market implies roughly 50% default odds have renewed scrutiny of its GPU-financing model. Analysts also point to heavy capital spending, substantial debt and weak profitability as risks to future returns. CoreWeave credit risk report
• Negative Sentiment: Insider selling: Director Brannin McBee sold 250,000 shares worth approximately $17.8 million under a pre-arranged Rule 10b5-1 plan, adding to investor concerns even though the transactions were scheduled in advance.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CRWV. Evercore restated an “outperform” rating and set a $150.00 price objective on shares of CoreWeave in a report on Wednesday, April 15th. Wells Fargo & Company upped their price target on shares of CoreWeave from $135.00 to $155.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Wolfe Research reissued an “outperform” rating on shares of CoreWeave in a report on Monday, July 6th. JPMorgan Chase & Co. upped their target price on CoreWeave from $90.00 to $105.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Finally, Mizuho reduced their target price on CoreWeave from $110.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, CoreWeave has an average rating of “Moderate Buy” and an average target price of $136.25.

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.