CoreWeave Inc. (NASDAQ:CRWV – Get Free Report) CRO Jonathan Jones sold 15,811 shares of CoreWeave stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $80.36, for a total transaction of $1,270,571.96. Following the completion of the sale, the executive directly owned 26,961 shares in the company, valued at approximately $2,166,585.96. This represents a 36.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Jonathan Jones also recently made the following trade(s):
- On Tuesday, October 13th, Jonathan Jones sold 21,569 shares of CoreWeave stock. The stock was sold at an average price of $77.42, for a total value of $1,669,871.98.
CoreWeave Price Performance
Shares of NASDAQ:CRWV opened at $65.78 on Thursday. The firm has a market capitalization of $30.18 billion, a PE ratio of -18.02 and a beta of 7.36. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 5.53. The company has a 50-day moving average price of $87.91 and a two-hundred day moving average price of $94.69. CoreWeave Inc. has a twelve month low of $60.55 and a twelve month high of $150.40.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on CRWV shares. Jefferies Financial Group lowered shares of CoreWeave from a “buy” rating to a “hold” rating in a report on Wednesday, July 22nd. The Goldman Sachs Group lifted their price objective on shares of CoreWeave from $121.00 to $139.00 and gave the stock a “neutral” rating in a report on Friday, August 21st. Truist Financial raised their price objective on CoreWeave from $155.00 to $165.00 and gave the company a “buy” rating in a report on Monday, August 24th. Wells Fargo & Company boosted their target price on CoreWeave from $155.00 to $160.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. Finally, UBS Group assumed coverage on CoreWeave in a research report on Tuesday, September 22nd. They issued a “buy” rating and a $120.00 target price for the company. Twenty-three research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $140.64.
Read Our Latest Research Report on CoreWeave
Institutional Trading of CoreWeave
Institutional investors have recently made changes to their positions in the stock. Essential Partners LLC purchased a new position in shares of CoreWeave in the second quarter worth $30,000. MassMutual Private Wealth & Trust FSB raised its holdings in CoreWeave by 241.1% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 307 shares of the company’s stock valued at $27,000 after buying an additional 217 shares during the last quarter. Burnham & Co LLC purchased a new stake in CoreWeave during the 2nd quarter valued at $32,000. Cassaday & Co Wealth Management LLC purchased a new stake in CoreWeave during the 1st quarter valued at $31,000. Finally, Allied Private Wealth LLC purchased a new stake in CoreWeave during the 2nd quarter valued at $40,000.
CoreWeave News Summary
Here are the key news stories impacting CoreWeave this week:
- Positive Sentiment: CoreWeave’s CEO sought to reassure employees and investors by highlighting a strong backlog, reportedly valued at approximately $104 billion. Analysts note that demand for AI computing remains robust, although converting that backlog into revenue depends on the company’s ability to build data-center capacity. CoreWeave CEO notes strong backlog in memo to reassure staff over market scrutiny
- Positive Sentiment: Some bullish commentary argues that CoreWeave’s backlog and rapid growth could support substantial long-term upside, while a recent convertible-bond offering may reduce interest costs. However, potential dilution and execution risks remain. CoreWeave: Asymmetric Risk-Reward as $104 Billion Backlog Underpins Growth
- Neutral Sentiment: Investor attention also turned to OpenAI’s reported $50 billion revenue run rate, which could signal continued demand for CoreWeave’s AI infrastructure but also highlights the company’s exposure to a concentrated customer and industry ecosystem. What Does OpenAI’s $50 Billion Run Rate Mean for CoreWeave Stock?
- Negative Sentiment: Yields on CoreWeave’s bonds approached 15%, signaling that creditors view the highly leveraged AI infrastructure model as increasingly risky. The company’s debt-to-equity ratio is already elevated, and higher borrowing costs could delay profitability or require additional capital. CoreWeave shares tumble as bond yields near 15% on concern about AI borrowing binge
- Negative Sentiment: Gartner warned that as many as 80% of neocloud companies could disappear by 2030, intensifying concerns about competition, customer concentration and the long-term viability of specialized AI cloud providers. Stock Market Today, Oct. 14: CoreWeave Plummets on Gartner Neocloud Warning and Bond Yield Surge
- Negative Sentiment: Bearish commentary, including a warning that CoreWeave’s equity could be wiped out if AI spending weakens, further damaged sentiment. Traders also bought “bubble puts,” reflecting expectations for additional downside, while Elon Musk’s “Yikes” response drew attention to the bond-market stress. CoreWeave Stock Could Go to Zero if AI Boom Falters
About CoreWeave
CoreWeave, Inc is a specialized cloud computing provider focused on infrastructure for artificial intelligence, machine learning and other data-intensive workloads. The company offers access to accelerated computing resources, including graphics processing units (GPUs), alongside central processing units, high-performance storage, networking and data center capacity.
Its platform supports AI model training, fine-tuning and inference, as well as visual effects, rendering, scientific computing and other demanding applications.
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