CoreWeave (NASDAQ:CRWV) Insider Sells $13,582,080.00 in Stock

CoreWeave Inc. (NASDAQ:CRWV) insider Brannin Mcbee sold 144,000 shares of the stock in a transaction on Monday, June 29th. The shares were sold at an average price of $94.32, for a total value of $13,582,080.00. Following the sale, the insider owned 258,852 shares in the company, valued at approximately $24,414,920.64. This trade represents a 35.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Brannin Mcbee also recently made the following trade(s):

• On Monday, June 29th, Brannin Mcbee sold 50,000 shares of CoreWeave stock. The stock was sold at an average price of $94.32, for a total transaction of $4,716,000.00.
• On Monday, June 29th, Brannin Mcbee sold 55,500 shares of CoreWeave stock. The shares were sold at an average price of $94.32, for a total value of $5,234,760.00.
• On Tuesday, June 30th, Brannin Mcbee sold 56,707 shares of CoreWeave stock. The stock was sold at an average price of $95.69, for a total value of $5,426,292.83.
• On Monday, June 29th, Brannin Mcbee sold 500 shares of CoreWeave stock. The stock was sold at an average price of $94.32, for a total transaction of $47,160.00.
• On Monday, June 22nd, Brannin Mcbee sold 25,000 shares of CoreWeave stock. The shares were sold at an average price of $111.28, for a total transaction of $2,782,000.00.
• On Monday, June 22nd, Brannin Mcbee sold 144,000 shares of CoreWeave stock. The shares were sold at an average price of $111.28, for a total transaction of $16,024,320.00.
• On Monday, June 22nd, Brannin Mcbee sold 28,000 shares of CoreWeave stock. The stock was sold at an average price of $111.28, for a total transaction of $3,115,840.00.
• On Monday, June 22nd, Brannin Mcbee sold 52,500 shares of CoreWeave stock. The shares were sold at an average price of $111.28, for a total transaction of $5,842,200.00.
• On Monday, June 22nd, Brannin Mcbee sold 500 shares of CoreWeave stock. The shares were sold at an average price of $111.27, for a total transaction of $55,635.00.
• On Monday, June 15th, Brannin Mcbee sold 53,500 shares of CoreWeave stock. The shares were sold at an average price of $107.30, for a total value of $5,740,550.00.

CoreWeave Price Performance

CoreWeave stock traded down $13.86 during midday trading on Wednesday, hitting $85.68. 60,583,205 shares of the company were exchanged, compared to its average volume of 27,870,250. CoreWeave Inc. has a fifty-two week low of $63.80 and a fifty-two week high of $166.22. The company’s fifty day moving average price is $108.96 and its 200-day moving average price is $94.78. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.31 and a current ratio of 0.31.

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

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Mizuho raised their target price on CoreWeave from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Citigroup increased their price target on CoreWeave from $155.00 to $158.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Roth Mkm restated a “buy” rating and set a $150.00 price objective on shares of CoreWeave in a report on Friday, May 8th. Rosenblatt Securities began coverage on CoreWeave in a research report on Thursday, June 25th. They issued a “buy” rating and a $250.00 target price on the stock. Finally, Wells Fargo & Company increased their target price on CoreWeave from $135.00 to $155.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $135.00.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in CRWV. Parallel Advisors LLC raised its position in shares of CoreWeave by 4.0% during the 1st quarter. Parallel Advisors LLC now owns 2,340 shares of the company’s stock valued at $181,000 after acquiring an additional 91 shares in the last quarter. Pathway Wealth Management LLC boosted its holdings in CoreWeave by 2.9% in the first 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 boosted its holdings in CoreWeave by 2.1% in the first quarter. Azzad Asset Management Inc. ADV now owns 5,020 shares of the company’s stock worth $389,000 after purchasing an additional 104 shares during the period. Hazlett Burt & Watson Inc. increased its stake in CoreWeave by 34.7% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 462 shares of the company’s stock valued at $33,000 after purchasing an additional 119 shares during the last quarter. Finally, Cullen Frost Bankers Inc. increased its stake in 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 purchasing an additional 121 shares during the last quarter.

Key CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Negative Sentiment: Bloomberg-reported Meta cloud expansion plans sparked fears that Meta could become a direct competitor in AI infrastructure, pressuring CoreWeave shares. Stock Market Today, July 1: CoreWeave Stock Tumbles as Meta Cloud Report Raises Customer Concerns
• Negative Sentiment: Bernstein said hyperscalers are likely to compete more directly with CoreWeave over time, renewing worries that the company’s business model may face intensifying pricing and customer pressure. CRWV Stock Draws Investor Buzz As Bernstein Says It’s A Matter Of Time Before Hyperscalers Compete Head-On With CoreWeave
• Neutral Sentiment: CoreWeave expanded its headquarters in Livingston by an additional 31,000 square feet, signaling continued growth, but the move was not enough to offset the broader selloff. CoreWeave Expands HQ with Additional 31,000 SF in Livingston
• Neutral Sentiment: Some commentary argued the Meta-driven decline may be overdone, pointing to CoreWeave’s strong AI backlog and ongoing demand for cloud capacity, but this did not change the stock’s weak tone. CoreWeave (CRWV) Stock May Still Look Cheap Following Record AI Backlog

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.