Kristen Mcveety Sells 2,246 Shares of CoreWeave (NASDAQ:CRWV) Stock

CoreWeave Inc. (NASDAQ:CRWV) insider Kristen Mcveety sold 2,246 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $101.87, for a total transaction of $228,800.02. Following the completion of the sale, the insider owned 121,715 shares in the company, valued at $12,399,107.05. This represents a 1.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CoreWeave Price Performance

CoreWeave stock traded up $2.67 during mid-day trading on Friday, reaching $109.53. The company had a trading volume of 28,046,612 shares, compared to its average volume of 27,964,777. CoreWeave Inc. has a fifty-two week low of $63.80 and a fifty-two week high of $187.00. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 3.68. The company has a market cap of $49.02 billion, a P/E ratio of -35.22 and a beta of 7.84. The business has a fifty day simple moving average of $102.09 and a 200 day simple moving average of $90.49.

CoreWeave (NASDAQ:CRWV) last issued its earnings results on Thursday, May 7th. The company reported ($1.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.17) by ($0.23). The company had revenue of $2.08 billion during the quarter. CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. CoreWeave’s quarterly revenue was up 111.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.60) EPS. On average, equities research analysts predict that CoreWeave Inc. will post -4.58 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Jefferies Financial Group lifted their price target on shares of CoreWeave from $120.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Citizens Jmp reiterated a “market outperform” rating and set a $180.00 price target on shares of CoreWeave in a report on Friday, February 27th. Evercore reiterated an “outperform” rating and set a $150.00 price target on shares of CoreWeave in a report on Wednesday, April 15th. Roth Mkm reiterated a “buy” rating and set a $150.00 price target on shares of CoreWeave in a report on Friday, May 8th. Finally, Sanford C. Bernstein lifted their target price on shares of CoreWeave from $56.00 to $67.00 and gave the stock an “underperform” rating in a research note on Tuesday, April 14th. Nineteen equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $129.63.

Institutional Investors Weigh In On CoreWeave

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC increased its stake in CoreWeave by 4.0% in the first quarter. Parallel Advisors LLC now owns 2,340 shares of the company’s stock valued at $181,000 after purchasing an additional 91 shares in the last quarter. Pathway Wealth Management LLC increased its stake in CoreWeave by 2.9% in the first quarter. Pathway Wealth Management LLC now owns 3,593 shares of the company’s stock valued at $278,000 after purchasing an additional 100 shares in the last quarter. Azzad Asset Management Inc. ADV grew its holdings in shares of CoreWeave by 2.1% during the first quarter. Azzad Asset Management Inc. ADV now owns 5,020 shares of the company’s stock valued at $389,000 after buying an additional 104 shares during the last quarter. Hazlett Burt & Watson Inc. grew its holdings in shares of 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 buying an additional 119 shares during the last quarter. Finally, Chilton Capital Management LLC grew its holdings in shares of CoreWeave by 50.2% during the third quarter. Chilton Capital Management LLC now owns 362 shares of the company’s stock valued at $50,000 after buying an additional 121 shares during the last quarter.

Key Stories Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave launched new unified agentic AI capabilities that aim to connect training and inference in a closed loop, reinforcing its role as a key AI infrastructure provider and supporting the long-term growth story. CoreWeave’s Closed Loop Agentic AI Aims To Reshape Growth Expectations
• Positive Sentiment: Reports highlighted CoreWeave’s backlog approaching $100 billion, suggesting strong demand visibility and multi-year revenue potential as AI cloud spending remains robust. CoreWeave’s Backlog Hits Nearly $100B: Multi-Year Growth Secured?
• Positive Sentiment: Analysts remain constructive overall, with recent target increases and a favorable long-term outlook tied to explosive AI infrastructure demand. Here’s What Analysts Think About CoreWeave, Inc. (CRWV)
• Neutral Sentiment: CoreWeave also announced participation in the BofA Securities Global Technology Conference, which keeps management in front of investors but is not a fundamental catalyst by itself. CoreWeave to Participate in the BofA Securities Global Technology Conference
• Negative Sentiment: Heavy insider selling may be pressuring sentiment, including large share sales by Director Jack D. Cogen and additional sales by CEO Michael Intrator, CFO Nitin Agrawal, COO Sachin Jain, and Director Karen Boone. SEC filing for insider sale
• Negative Sentiment: Investors are still focused on CoreWeave’s sizable losses and capital intensity, which could limit enthusiasm despite strong revenue growth and major customer commitments. CoreWeave Lost $740 Million in 90 Days. Then Meta Handed It $21 Billion.

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.