CoreWeave (NASDAQ:CRWV) Trading Down 6.1% Following Insider Selling

CoreWeave Inc. (NASDAQ:CRWV) shares were down 6.1% during mid-day trading on Tuesday after an insider sold shares in the company. The company traded as low as $101.12 and last traded at $107.75. Approximately 32,612,794 shares were traded during mid-day trading, an increase of 16% from the average daily volume of 28,217,105 shares. The stock had previously closed at $114.70.

Specifically, COO Sachin Jain sold 14,750 shares of CoreWeave stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $118.61, for a total transaction of $1,749,497.50. Following the completion of the sale, the chief operating officer owned 123,058 shares of the company’s stock, valued at approximately $14,595,909.38. The trade was a 10.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, major shareholder Magnetar Financial Llc sold 1,202,656 shares of CoreWeave stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $136.73, for a total value of $164,439,154.88. Following the sale, the insider directly owned 245,545 shares of the company’s stock, valued at approximately $33,573,367.85. This represents a 83.04% decrease in their position. The SEC filing for this sale provides additional information. In other CoreWeave news, major shareholder Magnetar Financial Llc sold 797,884 shares of CoreWeave stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $136.71, for a total transaction of $109,078,721.64. Following the completion of the sale, the insider owned 684,836 shares of the company’s stock, valued at approximately $93,623,929.56. The trade was a 53.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Analysts Set New Price Targets

A number of analysts have commented on CRWV shares. Jefferies Financial Group lifted their price target on CoreWeave from $120.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Wolfe Research started coverage on CoreWeave in a research report on Thursday, April 16th. They set an “outperform” rating and a $150.00 price target for the company. Evercore reaffirmed an “outperform” rating and set a $150.00 price target on shares of CoreWeave in a research report on Wednesday, April 15th. Roth Mkm reaffirmed a “buy” rating and set a $150.00 price target on shares of CoreWeave in a research report on Friday, May 8th. Finally, Citigroup lifted their price target on CoreWeave from $155.00 to $158.00 and gave the stock a “buy” rating in a research report on Thursday. Twenty investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.97.

More CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Citigroup raised its price target on CoreWeave to $158 and kept a buy rating, reinforcing Wall Street’s bullish view on the company’s AI cloud growth outlook.
• Positive Sentiment: Recent coverage continues to highlight strong demand for CoreWeave’s GPU cloud services, including a reported $99.4 billion backlog and expanding revenue tied to AI infrastructure spending. Article Title
• Positive Sentiment: CoreWeave said it ranked No. 1 for inference speed and price-performance in an independent benchmark for Moonshot AI’s Kimi K2.6 model, which could strengthen its competitive position in AI infrastructure. Article Title
• Neutral Sentiment: CoreWeave announced it will participate in the J.P. Morgan Global Technology, Media and Communications Conference on May 19, which is mainly an investor-relations event unless it includes fresh business guidance. Article Title
• Negative Sentiment: CEO Michael N. Intrator sold a combined 307,693 shares in pre-arranged Rule 10b5-1 transactions, and COO Sachin Jain also sold shares, which can weigh on sentiment even if the trades were planned in advance.
• Negative Sentiment: Some recent commentary is still focused on CoreWeave’s heavy debt load, negative margins, and concerns that the AI growth story could slow, keeping investors cautious despite the bullish analyst upgrades.

CoreWeave Trading Up 2.6%

The firm has a market cap of $51.12 billion, a price-to-earnings ratio of -36.72 and a beta of 7.84. The company has a fifty day moving average price of $96.89 and a 200-day moving average price of $91.87. The company has a current ratio of 0.31, a quick ratio of 0.46 and a debt-to-equity ratio of 3.68.

CoreWeave (NASDAQ:CRWV) last issued its quarterly earnings data on Thursday, February 26th. The company reported ($0.89) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.61) by ($0.28). The company had revenue of $1.57 billion during the quarter. CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. The firm’s revenue was up 110.4% on a year-over-year basis. As a group, research analysts expect that CoreWeave Inc. will post -4.15 EPS for the current year.

Hedge Funds Weigh In On CoreWeave

Several institutional investors and hedge funds have recently modified their holdings of the stock. Parallel Advisors LLC lifted its holdings in shares of CoreWeave by 4.0% in the 1st quarter. Parallel Advisors LLC now owns 2,340 shares of the company’s stock valued at $181,000 after buying an additional 91 shares during the period. Azzad Asset Management Inc. ADV increased its stake in shares of CoreWeave by 2.1% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 5,020 shares of the company’s stock valued at $389,000 after purchasing an additional 104 shares in the last quarter. Hazlett Burt & Watson Inc. increased its stake in shares of CoreWeave by 34.7% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 462 shares of the company’s stock valued at $33,000 after purchasing an additional 119 shares in the last quarter. Chilton Capital Management LLC increased its stake in shares of CoreWeave by 50.2% in the 3rd quarter. Chilton Capital Management LLC now owns 362 shares of the company’s stock valued at $50,000 after purchasing an additional 121 shares in the last quarter. Finally, Cullen Frost Bankers Inc. increased its stake 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 purchasing an additional 121 shares in the last quarter.

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.