CoreWeave (NASDAQ:CRWV) Insider Kristen Mcveety Sells 97,500 Shares of Stock

CoreWeave Inc. (NASDAQ:CRWV) insider Kristen Mcveety sold 97,500 shares of the firm’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $93.94, for a total transaction of $9,159,150.00. Following the sale, the insider directly owned 123,313 shares in the company, valued at $11,584,023.22. This represents a 44.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CoreWeave Stock Performance

NASDAQ:CRWV opened at $89.12 on Friday. The firm has a 50 day simple moving average of $85.54 and a 200-day simple moving average of $94.39. The company has a debt-to-equity ratio of 5.53, a current ratio of 0.46 and a quick ratio of 0.46. The firm has a market cap of $40.89 billion, a PE ratio of -24.42 and a beta of 7.45. CoreWeave Inc. has a 1-year low of $60.55 and a 1-year high of $153.20.

CoreWeave (NASDAQ:CRWV) last announced its quarterly earnings data on Tuesday, August 11th. The company reported ($1.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.52) by $0.38. The business had revenue of $2.58 billion for the quarter. CoreWeave had a negative net margin of 25.41% and a negative return on equity of 47.95%. The business’s quarterly revenue was up 112.5% on a year-over-year basis. During the same period in the previous year, the company posted ($0.27) EPS. On average, equities analysts expect that CoreWeave Inc. will post -5.19 EPS for the current year.

Hedge Funds Weigh In On CoreWeave

Several hedge funds and other institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company increased its position in CoreWeave by 7.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 23,616 shares of the company’s stock worth $2,351,000 after purchasing an additional 1,536 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in CoreWeave by 3.6% during the second quarter. Sequoia Financial Advisors LLC now owns 4,128 shares of the company’s stock valued at $411,000 after buying an additional 145 shares in the last quarter. Bienville Capital Management LLC grew its stake in CoreWeave by 72.6% during the second quarter. Bienville Capital Management LLC now owns 145,183 shares of the company’s stock worth $14,452,000 after buying an additional 61,083 shares during the period. National Pension Service grew its stake in CoreWeave by 1,194.7% during the second quarter. National Pension Service now owns 524,854 shares of the company’s stock worth $52,244,000 after buying an additional 484,314 shares during the period. Finally, Engineers Gate Manager LP increased its position in shares of CoreWeave by 42.9% in the second quarter. Engineers Gate Manager LP now owns 36,570 shares of the company’s stock worth $3,640,000 after acquiring an additional 10,981 shares in the last quarter.

CoreWeave News Summary

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave launched Physical AI Field Engineering, a service based on technology acquired from Monolith AI that helps customers build and deploy AI systems across research, engineering and field operations. The offering could expand CoreWeave’s higher-value services beyond GPU infrastructure. CoreWeave Launches Physical AI Field Engineering to Turn Proprietary Data Into Production AI
• Positive Sentiment: Demand remains robust: CoreWeave’s CEO said the company is struggling to secure enough NVIDIA GPUs to meet customer needs, while pricing is currently rising faster than input costs. A large backlog and OpenAI’s plans to spend approximately $750 billion on compute through 2030 reinforce the long-term demand opportunity. CoreWeave cannot get enough Nvidia GPUs: why the stock still dropped 5%
• Positive Sentiment: Michael Burry reportedly reduced bearish positions tied to CoreWeave and NVIDIA, potentially removing a high-profile source of selling pressure. Analysts also maintain a consensus “Moderate Buy” view. Michael Burry Reduces Bearish Bets on NVDA and CRWV
• Neutral Sentiment: CoreWeave and Parallel Works announced a managed AI cloud environment for DARPA biological research, adding government and research visibility but with no disclosed financial impact. Parallel Works and CoreWeave to Accelerate DARPA Biological Research
• Negative Sentiment: Investors remain concerned about CoreWeave’s leverage and sensitivity to higher interest rates. The company has a debt-to-equity ratio of 5.53, a current ratio of 0.46 and continues to report negative earnings, making its GPU expansion capital-intensive and financially risky. How Dangerous Are Top Neoclouds as Rate Hike Odds Increase?
• Negative Sentiment: A rating downgrade highlighted mounting execution, financing and valuation risks. The stock’s high beta and unusually active options trading are amplifying price swings, while investors took profits even as GPU demand remained strong. CoreWeave: Risks Are Mounting

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Sanford C. Bernstein raised their price objective on CoreWeave from $67.00 to $74.00 and gave the stock an “underperform” rating in a report on Wednesday, August 12th. Piper Sandler reiterated an “overweight” rating and set a $153.00 target price (up from $151.00) on shares of CoreWeave in a research report on Wednesday, August 12th. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 price target on shares of CoreWeave in a research note on Wednesday, August 12th. Mizuho lifted their price target on CoreWeave from $100.00 to $115.00 and gave the company a “neutral” rating in a report on Wednesday, August 12th. Finally, BNP Paribas Exane began coverage on shares of CoreWeave in a research note on Tuesday, June 2nd. They set an “outperform” rating and a $192.00 price objective for the company. Twenty-one research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $141.90.

CoreWeave Company Profile

CoreWeave, Inc is a specialized cloud computing provider focused on infrastructure for artificial intelligence, machine learning, high-performance computing and other data-intensive workloads. The company provides access to accelerated computing resources, particularly graphics processing units (GPUs), through a cloud platform designed for large-scale training, inference, rendering and scientific computing.

Its offerings include on-demand and reserved GPU instances, cloud storage, high-speed networking, Kubernetes-based container orchestration and managed services for deploying and scaling workloads.