CoreWeave (NASDAQ:CRWV) CRO Sells $1,270,571.96 in Stock

CoreWeave Inc. (NASDAQ:CRWV) CRO Jonathan Jones sold 15,811 shares of the business’s stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $80.36, for a total value of $1,270,571.96. Following the sale, the executive owned 26,961 shares of the company’s stock, valued at approximately $2,166,585.96. This represents a 36.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Jonathan Jones also recently made the following trade(s):

• On Tuesday, October 13th, Jonathan Jones sold 21,569 shares of CoreWeave stock. The stock was sold at an average price of $77.42, for a total transaction of $1,669,871.98.

CoreWeave Price Performance

Shares of CoreWeave stock opened at $61.39 on Friday. CoreWeave Inc. has a one year low of $59.51 and a one year high of $141.79. The stock’s fifty day moving average is $87.01 and its 200 day moving average is $94.42. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 5.53.

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 the consensus estimate 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 for the quarter. During the same period in the prior year, the firm earned ($0.27) EPS. CoreWeave’s revenue for the quarter was up 112.5% compared to the same quarter last year. On average, equities research analysts forecast that CoreWeave Inc. will post -5.19 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Wolfe Research restated an “outperform” rating on shares of CoreWeave in a report on Monday, July 6th. Raymond James Financial downgraded shares of CoreWeave from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Weiss Ratings reiterated a “sell (d-)” rating on shares of CoreWeave in a research report on Monday, September 21st. Cantor Fitzgerald reiterated an “overweight” rating and issued a $176.00 price target on shares of CoreWeave in a research report on Monday, September 28th. Finally, The Goldman Sachs Group boosted their price objective on CoreWeave from $121.00 to $139.00 and gave the stock a “neutral” rating in a research note on Friday, August 21st. Twenty-four research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $139.82.

Trending Headlines about CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: JPMorgan analyst Samik Chatterjee called the recent selloff “overdone,” arguing that demand for AI computing remains robust and that CoreWeave can generate healthy returns as it brings additional capacity online. JPMorgan says Wall Street is overreacting
• Positive Sentiment: ARK Invest bought CoreWeave shares during the selloff, while Nvidia CEO Jensen Huang expressed confidence in the company. These endorsements support the bullish view that long-term AI infrastructure demand remains intact. Cathie Wood bought CoreWeave shares
• Positive Sentiment: CoreWeave has reportedly highlighted a backlog of approximately $104 billion, and Bank of America maintained a Buy rating and $140 price target, citing strong growth potential and the company’s ability to deploy computing capacity at scale. Bank of America backs CoreWeave
• Neutral Sentiment: Analyst opinion remains divided. Some firms describe the selloff as excessive and retain high price targets, but others have reduced targets because of funding, execution and customer-concentration risks. The conflicting views are contributing to elevated volatility. How to trade CoreWeave’s slow moving crisis
• Negative Sentiment: CoreWeave’s bonds have sold off sharply, with some unsecured debt trading near 79% of face value and yields on longer-dated notes reaching roughly 14.5% to 15%. Credit-default swap pricing reportedly implies a more than 50% probability of default over five years, raising concerns about refinancing and future capital needs. Why CoreWeave stock is falling
• Negative Sentiment: Investors remain worried that rising borrowing costs will undermine the economics of CoreWeave’s rapid expansion. The company reported negative free cash flow of approximately $5.7 billion in the latest quarter and carries substantial leverage, making weaker financing conditions particularly damaging. CoreWeave credit-default swaps hit distress levels
• Negative Sentiment: Gartner’s warning that as many as 80% of neocloud providers may not survive independently by 2030 has intensified concerns about competition, customer concentration and the durability of AI infrastructure spending. Gartner warns most neoclouds may not survive
• Negative Sentiment: Recent insider sales by CFO Nitin Agrawal and CRO Jonathan Jones added to investor unease, although the transactions were conducted under pre-arranged plans and were partly related to tax withholding. CoreWeave insider sale

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Alyeska Investment Group L.P. lifted its holdings in shares of CoreWeave by 55.7% in the 2nd quarter. Alyeska Investment Group L.P. now owns 10,891,267 shares of the company’s stock worth $1,084,117,000 after buying an additional 3,897,741 shares during the period. State Street Corp grew its position in shares of CoreWeave by 139.7% during the 2nd quarter. State Street Corp now owns 7,058,846 shares of the company’s stock worth $702,638,000 after buying an additional 4,113,873 shares in the last quarter. Bank of America Corp DE grew its position in shares of CoreWeave by 13.1% during the 1st quarter. Bank of America Corp DE now owns 5,652,129 shares of the company’s stock worth $437,870,000 after buying an additional 653,398 shares in the last quarter. Amundi increased its stake in shares of CoreWeave by 266.2% during the first quarter. Amundi now owns 3,284,121 shares of the company’s stock valued at $254,421,000 after buying an additional 2,387,337 shares during the period. Finally, Altimeter Capital Management LP purchased a new position in shares of CoreWeave during the fourth quarter valued at $230,099,000.

About CoreWeave

CoreWeave, Inc is a specialized cloud computing provider focused on infrastructure for artificial intelligence, machine learning and other data-intensive workloads. The company offers access to accelerated computing resources, including graphics processing units (GPUs), alongside central processing units, high-performance storage, networking and data center capacity.

Its platform supports AI model training, fine-tuning and inference, as well as visual effects, rendering, scientific computing and other demanding applications.