CoreWeave (NASDAQ:CRWV) Shares Down 5.1% Following Insider Selling

CoreWeave Inc. (NASDAQ:CRWV)’s stock price was down 5.1% during mid-day trading on Thursday following insider selling activity. The stock traded as low as $85.00 and last traded at $85.33. Approximately 16,468,365 shares changed hands during mid-day trading, a decline of 42% from the average daily volume of 28,301,318 shares. The stock had previously closed at $89.89.

Specifically, insider Brannin Mcbee sold 17,684 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $81.09, for a total value of $1,433,995.56. Following the completion of the transaction, the insider owned 7,316 shares in the company, valued at $593,254.44. This trade represents a 70.74% decrease in their position. The sale was disclosed in a filing 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, insider Brannin Mcbee sold 144,000 shares of CoreWeave stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $82.37, for a total value of $11,861,280.00. Following the transaction, the insider directly owned 323,263 shares in the company, valued at $26,627,173.31. The trade was a 30.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In other news, insider Brannin Mcbee sold 33,216 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $82.94, for a total value of $2,754,935.04. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wall Street Analyst Weigh In

CRWV has been the topic of several research analyst reports. DA Davidson restated a “neutral” rating and set a $100.00 target price (down from $175.00) on shares of CoreWeave in a research report on Monday, May 18th. TD Cowen raised shares of CoreWeave to a “buy” rating in a research report on Wednesday, July 22nd. Wells Fargo & Company lifted their price target on CoreWeave from $135.00 to $155.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. JPMorgan Chase & Co. boosted their price objective on CoreWeave from $90.00 to $105.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Finally, Evercore reissued an “outperform” rating and issued a $150.00 price objective on shares of CoreWeave in a research note on Wednesday, April 15th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $136.21.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Asia-Pacific expansion: CoreWeave plans three Indonesian AI data centers with 360 megawatts of contracted IT power, giving it a physical presence in Asia-Pacific and expanding access to Southeast Asian AI customers. CoreWeave Enters Indonesia With Three New AI Data Centers
• Positive Sentiment: Storage agreement: A multi-year deal with Solidigm provides priority access to enterprise SSD capacity, helping CoreWeave scale storage alongside its AI cloud and GPU computing operations. CoreWeave Signs Multi-Year Agreement With Solidigm
• Positive Sentiment: Analyst and demand support: Rosenblatt reaffirmed a Buy rating with a $250 price target, while recent coverage highlights strong demand for GPU capacity, AI cloud services, and CoreWeave’s large contracted backlog. Other analysts’ consensus target is approximately $138.03. Rosenblatt Reaffirms CoreWeave Buy Rating
• Neutral Sentiment: Earnings approaching: Investors are focused on CoreWeave’s August 11 earnings report. The company’s latest quarter delivered $2.08 billion in revenue, up 111.6% year over year, but missed the EPS consensus and reported a net loss, making execution and forward guidance particularly important.
• Neutral Sentiment: High trading interest: Unusually heavy options activity and momentum-focused technical coverage suggest that traders are positioning for a potentially large move around the earnings announcement, increasing near-term volatility. CoreWeave Target of Unusually High Options Trading
• Negative Sentiment: Insider sales: Brannin McBee sold roughly 250,000 shares for about $20.6 million under a pre-arranged Rule 10b5-1 plan. The sales reduce his direct ownership substantially and may add to investor caution, although they were scheduled transactions.
• Negative Sentiment: Balance-sheet risk: CoreWeave’s rapid build-out requires substantial capital spending and carries significant debt. Its weak liquidity ratios, debt-to-equity ratio of 3.68, negative earnings, and most recent quarterly EPS miss leave the stock highly sensitive to financing costs and any slowdown in AI demand.

CoreWeave Stock Down 5.1%

The stock’s fifty day moving average is $92.62 and its two-hundred day moving average is $95.00. The company has a market capitalization of $38.19 billion, a PE ratio of -27.44 and a beta of 7.44. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 3.68.

CoreWeave (NASDAQ:CRWV) last issued 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). CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.The company had revenue of $2.08 billion for the quarter. During the same period in the prior year, the firm posted ($0.60) EPS. The firm’s revenue was up 111.6% compared to the same quarter last year. As a group, analysts predict that CoreWeave Inc. will post -5.7 EPS for the current year.

Hedge Funds Weigh In On CoreWeave

Several large investors have recently modified their holdings of CRWV. Vanguard Group Inc. raised its position in CoreWeave by 275.6% during the fourth quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company’s stock valued at $1,999,421,000 after purchasing an additional 20,487,478 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of CoreWeave by 6,022.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 112,768 shares of the company’s stock valued at $8,075,000 after purchasing an additional 110,926 shares during the period. Legal & General Group Plc grew its holdings in CoreWeave by 8,455.6% in the 4th quarter. Legal & General Group Plc now owns 611,301 shares of the company’s stock worth $43,775,000 after acquiring an additional 604,156 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of CoreWeave by 67.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 66,947 shares of the company’s stock worth $4,794,000 after purchasing an additional 26,907 shares during the last quarter. Finally, Broad Peak Investment Advisers Pte Ltd purchased a new position in shares of CoreWeave during the fourth quarter valued at approximately $15,539,000.

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.