CoreWeave (NASDAQ:CRWV) Trading Down 4.6% Following Insider Selling

CoreWeave Inc. (NASDAQ:CRWV) shares fell 4.6% during trading on Wednesday following insider selling activity. The company traded as low as $98.25 and last traded at $100.8670. Approximately 21,195,553 shares were traded during mid-day trading, a decline of 26% from the average session volume of 28,500,840 shares. The stock had previously closed at $105.72.

Specifically, insider Brannin Mcbee sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $111.28, for a total value of $2,782,000.00. Following the completion of the transaction, the insider directly owned 402,852 shares of the company’s stock, valued at approximately $44,829,370.56. This trade represents a 5.84% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brannin Mcbee sold 144,000 shares of the business’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $111.28, for a total transaction of $16,024,320.00. Following the sale, the insider directly owned 258,852 shares in the company, valued at $28,805,050.56. The trade was a 35.75% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In other CoreWeave news, insider Brannin Mcbee sold 28,000 shares of the stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $111.28, for a total transaction of $3,115,840.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analysts Set New Price Targets

CRWV has been the subject of several recent research reports. Sanford C. Bernstein reiterated an “underperform” rating on shares of CoreWeave in a research report on Thursday, June 11th. HC Wainwright restated a “buy” rating and issued a $180.00 target price on shares of CoreWeave in a research note on Monday, March 2nd. Weiss Ratings raised CoreWeave from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday. Bank of America upgraded CoreWeave from a “neutral” rating to a “buy” rating and set a $100.00 price target on the stock in a research report on Tuesday, March 24th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $135.00 price target on shares of CoreWeave in a report on Friday, May 8th. Twenty-one analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $135.00.

More CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Rosenblatt Securities initiated coverage with a Buy rating and a $250 price target, signaling significant upside potential and reinforcing bullish sentiment around CoreWeave’s AI infrastructure role.
• Positive Sentiment: Cantor Fitzgerald reiterated an Overweight rating and $167 price target after reviewing details in CoreWeave’s bond offering memo, with analysts viewing the company as a key beneficiary of the upcoming AI chip cycle.
• Positive Sentiment: CoreWeave announced a partnership with Conapto to expand AI cloud capacity in Sweden, a development that supports international growth and capacity expansion. CoreWeave and Conapto partner to expand AI cloud capacity in Sweden
• Neutral Sentiment: CoreWeave was highlighted in a list of stocks that could potentially double over the next two years, which reflects bullish long-term sentiment but is more of a promotional market view than a direct business update. Here is why CoreWeave, Inc. (CRWV) is among the 10 Stocks That Could Double Over the Next 2 Years
• Neutral Sentiment: Multiple insider sales were disclosed, including CEO Michael Intrator and insider Brannin McBee, but the trades were made under pre-arranged 10b5-1 plans, which often makes them less alarming to investors than discretionary selling.
• Negative Sentiment: The insider selling may still pressure sentiment near term, especially given the size of some recent transactions and the fact that the stock has already been volatile.

CoreWeave Price Performance

The business has a 50 day simple moving average of $110.86 and a two-hundred day simple moving average of $94.60. The firm has a market capitalization of $43.23 billion, a P/E ratio of -31.05 and a beta of 7.14. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.31 and a current ratio of 0.31.

CoreWeave (NASDAQ:CRWV) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($1.40) EPS for the quarter, missing the consensus estimate of ($1.17) by ($0.23). The business had revenue of $2.08 billion for the quarter. CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.The company’s quarterly revenue was up 111.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.60) earnings per share. On average, sell-side analysts expect that CoreWeave Inc. will post -4.83 EPS for the current fiscal year.

Hedge Funds Weigh In On CoreWeave

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Cornerstone Planning Group LLC lifted its holdings in shares of CoreWeave by 272.8% during the 4th quarter. Cornerstone Planning Group LLC now owns 343 shares of the company’s stock worth $25,000 after acquiring an additional 251 shares during the last quarter. KERR FINANCIAL PLANNING Corp bought a new position in CoreWeave in the third quarter valued at $27,000. Cullen Frost Bankers Inc. raised its position in CoreWeave by 45.8% during the fourth 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. Greenline Wealth Management LLC purchased a new stake in CoreWeave during the fourth quarter valued at about $28,000. Finally, Peterson Wealth Services lifted its stake in CoreWeave by 153.1% during the first quarter. Peterson Wealth Services now owns 405 shares of the company’s stock worth $31,000 after purchasing an additional 245 shares during 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.