CoreWeave (NASDAQ:CRWV) Insider Jeff Baker Sells 6,670 Shares of Stock

CoreWeave Inc. (NASDAQ:CRWV) insider Jeff Baker sold 6,670 shares of CoreWeave stock in a transaction dated Thursday, October 29th. The stock was sold at an average price of $61.16, for a total transaction of $407,937.20. Following the transaction, the insider directly owned 14,170 shares in the company, valued at $866,637.20. This trade represents a 32.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 Wednesday, September 30th, Jeff Baker sold 5 shares of CoreWeave stock. The stock was sold at an average price of $87.69, for a total transaction of $438.45.
• On Thursday, August 20th, Jeff Baker sold 1,256 shares of CoreWeave stock. The shares were sold at an average price of $91.88, for a total transaction of $115,401.28.

CoreWeave Stock Performance

CRWV stock opened at $54.87 on Friday. CoreWeave Inc. has a one year low of $51.24 and a one year high of $138.36. The firm’s 50 day moving average price is $79.45 and its 200-day moving average price is $91.02. 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 posted its quarterly earnings data on Tuesday, August 11th. The company reported ($1.14) earnings per share for the quarter, topping 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 firm had revenue of $2.58 billion during the quarter. During the same period in the previous year, the business posted ($0.27) EPS. The business’s revenue for the quarter was up 112.5% on a year-over-year basis. As a group, equities research analysts forecast that CoreWeave Inc. will post -4.97 EPS for the current year.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave is adding AI-cloud capacity in Denmark and building a dedicated backbone connecting Europe with customers in the Middle East and Asia-Pacific. Management says the expanded platform will serve enterprise AI clients across four continents, supporting the company’s long-term growth strategy. CoreWeave Adds Denmark Capacity to Its Global AI Cloud Platform
• Positive Sentiment: A bullish investment analysis highlights CoreWeave’s potentially rapid growth as demand for AI computing expands, though the opportunity is framed as most suitable for aggressive investors because of the company’s risk profile. CoreWeave’s Meteoric Growth Potential
• Neutral Sentiment: Analysts continue to rate CoreWeave around “Moderate Buy,” while comparisons with Microsoft emphasize CRWV’s greater upside potential but also substantially higher risk, debt and concentration. CoreWeave Rated Moderate Buy
• Negative Sentiment: AI-cloud stocks sold off as investors questioned whether major technology companies will continue spending aggressively on outside computing capacity. Microsoft’s lower-than-expected capital expenditures intensified concerns about AI infrastructure demand, data-center delivery timelines and future revenue growth for neocloud providers. Why Neocloud Stocks Are Falling After Microsoft’s Capex Miss
• Negative Sentiment: Comments attributed to Microsoft CEO Satya Nadella criticizing business models dependent on renting AI capacity to a small number of large customers raised concerns about CoreWeave’s customer concentration and business durability. Satya Nadella Just Took a Shot at Oracle and CoreWeave
• Negative Sentiment: Reports that CoreWeave’s debt prices have weakened sharply are fueling fears about refinancing and potential default risk. The company’s leveraged balance sheet makes higher interest costs, slower customer demand or delayed data-center deployments particularly damaging. Elon Musk vs. Jensen Huang: Who Is Right About CoreWeave?
• Negative Sentiment: A shareholder litigation firm said it is investigating potential claims involving CoreWeave’s officers and directors, adding a legal and reputational risk overhang. Investor Action Notice Regarding CoreWeave

Hedge Funds Weigh In On CoreWeave

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CRWV. Compass Financial Management LLC increased its holdings in shares of CoreWeave by 10.0% in the third quarter. Compass Financial Management LLC now owns 35,252 shares of the company’s stock valued at $3,071,000 after purchasing an additional 3,213 shares in the last quarter. Rakuten Investment Management Inc. raised its position in CoreWeave by 18.5% during the third quarter. Rakuten Investment Management Inc. now owns 59,937 shares of the company’s stock worth $5,150,000 after acquiring an additional 9,370 shares in the last quarter. Provenance Wealth Advisors LLC bought a new position in CoreWeave during the third quarter worth $108,000. RFG Holdings Inc. raised its stake in CoreWeave by 9.0% in the 3rd quarter. RFG Holdings Inc. now owns 16,539 shares of the company’s stock worth $1,441,000 after purchasing an additional 1,360 shares in the last quarter. Finally, Stiles Financial Services Inc boosted its position in shares of CoreWeave by 91.0% during the 3rd quarter. Stiles Financial Services Inc now owns 7,335 shares of the company’s stock worth $639,000 after acquiring an additional 3,495 shares in the last quarter.

Analyst Ratings Changes

CRWV has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $150.00 target price (up from $135.00) on shares of CoreWeave in a research report on Friday, August 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of CoreWeave in a research note on Monday, September 21st. BTIG Research assumed coverage on shares of CoreWeave in a research note on Wednesday, July 22nd. They set a “buy” rating for the company. Barclays increased their target price on CoreWeave from $90.00 to $105.00 and gave the company an “equal weight” rating in a research note on Thursday, August 13th. Finally, Needham & Company LLC restated a “hold” rating on shares of CoreWeave in a report on Thursday, August 13th. Twenty-seven research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $130.24.

About CoreWeave

CoreWeave, Inc is a specialized cloud computing company that provides infrastructure designed for artificial intelligence (AI), machine learning, and other high-performance computing workloads. Its platform gives customers access to accelerated computing resources, including graphics processing units (GPUs), along with the networking, storage, and software tools needed to develop, train, and deploy demanding applications.

The company offers cloud services for AI model training and inference, visual effects and rendering, scientific computing, and other data-intensive workloads.