Insider Selling: CoreWeave (NASDAQ:CRWV) Director Sells 100,000 Shares of Stock

CoreWeave Inc. (NASDAQ:CRWV) Director Jack Cogen sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $103.77, for a total transaction of $10,377,000.00. Following the completion of the sale, the director owned 9,683,136 shares of the company’s stock, valued at $1,004,819,022.72. This trade represents a 1.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

CoreWeave Trading Up 2.5%

Shares of CoreWeave stock traded up $2.67 during trading on Friday, hitting $109.53. The stock had a trading volume of 27,894,151 shares, compared to its average volume of 27,963,178. The firm’s fifty day simple moving average is $102.09 and its 200-day simple moving average is $90.49. The stock has a market cap of $49.02 billion, a PE ratio of -35.22 and a beta of 7.84. The company has a debt-to-equity ratio of 3.68, a current ratio of 0.31 and a quick ratio of 0.31. CoreWeave Inc. has a 12 month low of $63.80 and a 12 month high of $187.00.

CoreWeave (NASDAQ:CRWV) last released its earnings results on Thursday, May 7th. The company reported ($1.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.17) by ($0.23). The firm had revenue of $2.08 billion during the quarter. CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.The company’s revenue was up 111.6% on a year-over-year basis. During the same period in the previous year, the business earned ($0.60) EPS. As a group, sell-side analysts expect that CoreWeave Inc. will post -4.58 EPS for the current fiscal year.

Key CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave unveiled new unified agentic AI capabilities that link training and inference in a closed loop, which could deepen its role in AI infrastructure and support longer-term growth expectations. CoreWeave’s Closed Loop Agentic AI Aims To Reshape Growth Expectations
• Positive Sentiment: Analysts continue to see upside potential, with several firms maintaining bullish views and 24/7 Wall St. arguing CoreWeave could be worth significantly more over the next year if AI demand stays strong. Price Prediction: CoreWeave Stock Could Triple by 2030
• Positive Sentiment: CoreWeave’s backlog was reported near $100 billion, suggesting a large pipeline of contracted future revenue as AI cloud demand expands. CoreWeave’s Backlog Hits Nearly $100B: Multi-Year Growth Secured?
• Neutral Sentiment: The company will present at the BofA Securities Global Technology Conference on June 3, giving management a chance to reinforce its AI growth narrative and answer investor questions. CoreWeave to Participate in the BofA Securities Global Technology Conference
• Neutral Sentiment: Wall Street sentiment remains mixed overall: some firms have raised targets, while others remain cautious, keeping the stock highly dependent on execution and cash-flow progress. Here’s What Analysts Think About CoreWeave, Inc. (CRWV)
• Negative Sentiment: Heavy insider selling is a drag on sentiment, including sales by Director Jack Cogen and CEO Michael Intrator, which may make investors more cautious about near-term valuation. SEC filing for director sale
• Negative Sentiment: Recent coverage also highlighted CoreWeave’s large quarterly loss and balance-sheet strain from heavy capital spending, a reminder that growth is still coming with significant profitability and financing risks. CoreWeave Lost $740 Million in 90 Days. Then Meta Handed It $21 Billion. Welcome to the AI Economy

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the company. CTC Alternative Strategies Ltd. purchased a new position in shares of CoreWeave in the 1st quarter worth approximately $852,000. Liontrust Investment Partners LLP grew its position in shares of CoreWeave by 24.1% in the 1st quarter. Liontrust Investment Partners LLP now owns 127,752 shares of the company’s stock worth $9,897,000 after buying an additional 24,843 shares during the last quarter. SOA Wealth Advisors LLC. grew its position in shares of CoreWeave by 79.0% in the 1st quarter. SOA Wealth Advisors LLC. now owns 886 shares of the company’s stock worth $69,000 after buying an additional 391 shares during the last quarter. Pathway Wealth Management LLC grew its position in shares of CoreWeave by 2.9% in the 1st quarter. Pathway Wealth Management LLC now owns 3,593 shares of the company’s stock worth $278,000 after buying an additional 100 shares during the last quarter. Finally, Western Wealth Management LLC purchased a new position in shares of CoreWeave in the 1st quarter worth approximately $300,000.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CRWV shares. Bank of America upgraded shares of CoreWeave from a “neutral” rating to a “buy” rating and set a $100.00 price objective for the company in a report on Tuesday, March 24th. Sanford C. Bernstein lifted their price objective on shares of CoreWeave from $56.00 to $67.00 and gave the company an “underperform” rating in a report on Tuesday, April 14th. Wolfe Research started coverage on shares of CoreWeave in a report on Thursday, April 16th. They set an “outperform” rating and a $150.00 price objective for the company. Barclays lifted their price objective on shares of CoreWeave from $106.00 to $120.00 and gave the company an “equal weight” rating in a report on Monday, May 11th. Finally, Wells Fargo & Company lifted their price objective on shares of CoreWeave from $135.00 to $155.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Nineteen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $129.63.

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.