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

CoreWeave Inc. (NASDAQ:CRWV) insider Jeff Baker sold 6,670 shares of the stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $61.16, for a total value of $407,937.20. Following the completion of the transaction, the insider directly owned 14,170 shares in the company, valued at approximately $866,637.20. This represents a 32.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 value of $438.45.
• On Thursday, August 20th, Jeff Baker sold 1,256 shares of CoreWeave stock. The stock was sold at an average price of $91.88, for a total value of $115,401.28.

CoreWeave Stock Performance

CRWV stock traded down $5.87 during trading on Friday, reaching $54.87. The company had a trading volume of 53,272,786 shares, compared to its average volume of 31,505,209. The company has a debt-to-equity ratio of 5.53, a quick ratio of 0.46 and a current ratio of 0.46. The company has a market cap of $25.18 billion, a price-to-earnings ratio of -15.03 and a beta of 7.36. The firm has a 50-day simple moving average of $80.15 and a 200-day simple moving average of $91.19. CoreWeave Inc. has a twelve month low of $51.24 and a twelve month high of $138.36.

CoreWeave (NASDAQ:CRWV) last announced its earnings results on Tuesday, August 11th. The company reported ($1.14) EPS for the quarter, beating analysts’ consensus estimates of ($1.52) by $0.38. CoreWeave had a negative return on equity of 47.95% and a negative net margin of 25.41%. The company had revenue of $2.58 billion during the quarter. During the same quarter last year, the business earned ($0.27) earnings per share. The business’s revenue was up 112.5% compared to the same quarter last year. As a group, sell-side analysts expect that CoreWeave Inc. will post -4.97 earnings per share 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

Analyst Upgrades and Downgrades

Several brokerages have commented on CRWV. Jefferies Financial Group restated a “buy” rating on shares of CoreWeave in a report on Thursday, October 15th. The Goldman Sachs Group upgraded CoreWeave from a “neutral” rating to a “buy” rating and set a $106.00 price objective on the stock in a research report on Monday, October 19th. Truist Financial lifted their target price on CoreWeave from $155.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, August 24th. Cantor Fitzgerald reissued an “overweight” rating on shares of CoreWeave in a report on Monday, October 19th. Finally, TD Cowen upgraded CoreWeave to a “buy” rating in a research report on Wednesday, July 22nd. Twenty-seven analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, CoreWeave has a consensus rating of “Moderate Buy” and a consensus price target of $130.24.

Institutional Trading of CoreWeave

Several institutional investors and hedge funds have recently added to or reduced their stakes in CRWV. Provenance Wealth Advisors LLC acquired a new stake in shares of CoreWeave in the 3rd quarter valued at $108,000. RFG Holdings Inc. increased its position in shares of CoreWeave by 9.0% during the 3rd quarter. RFG Holdings Inc. now owns 16,539 shares of the company’s stock valued at $1,441,000 after purchasing an additional 1,360 shares during the last quarter. Stiles Financial Services Inc boosted its holdings in CoreWeave by 91.0% in the 3rd quarter. Stiles Financial Services Inc now owns 7,335 shares of the company’s stock worth $639,000 after buying an additional 3,495 shares during the period. BOCHK Asset Management Ltd raised its holdings in shares of CoreWeave by 8,482.1% in the 3rd quarter. BOCHK Asset Management Ltd now owns 34,500 shares of the company’s stock valued at $3,006,000 after acquiring an additional 34,098 shares in the last quarter. Finally, Signature Equity Partners LLC lifted its holdings in shares of CoreWeave by 228.4% in the 3rd quarter. Signature Equity Partners LLC now owns 3,323 shares of the company’s stock worth $290,000 after acquiring an additional 2,311 shares during the last quarter.

CoreWeave Company Profile

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.