CoreWeave (NASDAQ:CRWV) Stock Price Down 2.9% Following Insider Selling

CoreWeave Inc. (NASDAQ:CRWV)’s stock price fell 2.9% on Friday following insider selling activity. The stock traded as low as $69.97 and last traded at $71.77. 25,907,074 shares changed hands during mid-day trading, a decline of 8% from the average daily volume of 28,276,473 shares. The stock had previously closed at $73.90.

Specifically, CEO Michael N. Intrator sold 107,692 shares of the firm’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $66.62, for a total value of $7,174,441.04. Following the completion of the transaction, the chief executive officer directly owned 2,446,424 shares of the company’s stock, valued at $162,980,766.88. This trade represents a 4.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael N. Intrator sold 200,000 shares of CoreWeave stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $66.62, for a total transaction of $13,324,000.00. Following the sale, the chief executive officer owned 2,276,815 shares in the company, valued at $151,681,415.30. This represents a 8.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In other CoreWeave news, insider Jeff Baker sold 6,455 shares of the business’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $66.51, for a total value of $429,322.05. Following the sale, the insider owned 7,167 shares of the company’s stock, valued at $476,677.17. The trade was a 47.39% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Mizuho reduced their price objective on shares of CoreWeave from $110.00 to $100.00 and set a “neutral” rating for the company in a report on Wednesday, July 15th. Citigroup cut shares of CoreWeave from a “buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Robert W. Baird started coverage on shares of CoreWeave in a research report on Tuesday, July 21st. They issued an “outperform” rating and a $100.00 price target for the company. Jefferies Financial Group cut shares of CoreWeave from a “buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Finally, Roth Capital reaffirmed a “buy” rating and set a $150.00 price objective on shares of CoreWeave in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $136.25.

Key Stories Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Defense partnership expands addressable market: CoreWeave is collaborating with Leidos to provide secure, sovereign AI-cloud services for U.S. defense, intelligence and national-security agencies. Leidos will handle mission integration and secure architecture, while CoreWeave supplies its AI cloud platform. The agreement could create a new source of government demand. Leidos and CoreWeave collaboration
• Positive Sentiment: Revenue expectations remain robust: Oppenheimer expects second-quarter revenue near the high end of CoreWeave’s $2.45 billion to $2.60 billion guidance range, supporting the company’s rapid growth narrative ahead of its upcoming results. CoreWeave Q2 revenue outlook
• Neutral Sentiment: Major customer commitments offer visibility but add concentration risk: Meta could spend more than $62 billion with CoreWeave and Nebius, including up to $35.2 billion tied to CoreWeave. However, Meta could eventually compete with its suppliers by offering similar AI-cloud services. Analysts remain broadly constructive, with a reported consensus target of $136.25, although some firms recently downgraded the stock to Hold.
• Negative Sentiment: Insider selling is weighing on sentiment: CEO Michael Intrator sold 307,692 shares for roughly $20.5 million, and another insider sold shares to cover tax obligations. The CEO’s sales were made under a pre-arranged Rule 10b5-1 plan, but the size and timing of the transactions are still pressuring investor confidence. CoreWeave SEC insider filing
• Negative Sentiment: Leverage and credit risks remain significant: Reports of sharply higher credit-default-swap-implied default risk have revived concerns about CoreWeave’s heavy borrowing, refinancing needs, capital spending and path to profitability. The company previously reported a quarterly loss and maintains a high debt-to-equity ratio, making upcoming earnings and cash-flow commentary important catalysts. CoreWeave credit concerns

CoreWeave Trading Down 2.9%

The company’s fifty day moving average price is $94.25 and its two-hundred day moving average price is $95.16. 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 firm has a market cap of $32.12 billion, a P/E ratio of -23.08 and a beta of 7.17.

CoreWeave (NASDAQ:CRWV) last announced its quarterly 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 for the quarter. CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. The firm’s revenue was up 111.6% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.60) earnings per share. As a group, sell-side analysts predict that CoreWeave Inc. will post -4.57 EPS for the current fiscal year.

Institutional Trading of CoreWeave

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its position in CoreWeave by 275.6% during the 4th quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company’s stock worth $1,999,421,000 after acquiring an additional 20,487,478 shares during the last quarter. Proficio Capital Partners LLC boosted its stake in CoreWeave by 446,194.0% in the third quarter. Proficio Capital Partners LLC now owns 17,851,760 shares of the company’s stock worth $2,443,013,000 after purchasing an additional 17,847,760 shares in the last quarter. Bank of America Corp DE boosted its stake in CoreWeave by 13.1% in the first quarter. Bank of America Corp DE now owns 5,652,129 shares of the company’s stock worth $437,870,000 after purchasing an additional 653,398 shares in the last quarter. Clear Street Group Inc. grew its holdings in shares of CoreWeave by 57.2% during the fourth quarter. Clear Street Group Inc. now owns 4,653,815 shares of the company’s stock worth $333,260,000 after purchasing an additional 1,692,916 shares during the last quarter. Finally, Alyeska Investment Group L.P. grew its holdings in shares of CoreWeave by 300.0% during the fourth quarter. Alyeska Investment Group L.P. now owns 4,000,000 shares of the company’s stock worth $286,440,000 after purchasing an additional 3,000,000 shares during the last quarter.

About CoreWeave

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.