Insider Selling: CoreWeave (NASDAQ:CRWV) Insider Sells $184,863.00 in Stock

CoreWeave Inc. (NASDAQ:CRWV) insider Kristen Mcveety sold 2,100 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $88.03, for a total transaction of $184,863.00. Following the transaction, the insider owned 123,313 shares of the company’s stock, valued at approximately $10,855,243.39. The trade was a 1.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CoreWeave Price Performance

Shares of NASDAQ CRWV opened at $84.23 on Monday. The company’s 50 day moving average price is $87.16 and its 200-day moving average price is $94.78. The company has a debt-to-equity ratio of 5.53, a quick ratio of 0.46 and a current ratio of 0.46. CoreWeave Inc. has a 52-week low of $60.55 and a 52-week high of $153.20. The company has a market capitalization of $38.65 billion, a P/E ratio of -23.08 and a beta of 7.45.

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

Key CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave is being integrated into Rescale’s AI cloud platform, extending its reach into engineering, simulation, research and development, and other enterprise workloads. The partnership could broaden customer adoption and improve utilization of CoreWeave’s GPU infrastructure. CoreWeave Enters Next Generation Engineering AI Workloads
• Positive Sentiment: Truist said NVIDIA’s reported 17% GPU price increase may not materially damage CoreWeave’s margins. Strong AI demand, customer pricing power, and contract structures could allow CoreWeave to pass through higher equipment costs, supporting the firm’s bullish outlook. NVIDIA’s GPU Price Hikes Look Bad for CoreWeave
• Neutral Sentiment: CoreWeave’s latest results showed revenue growth of 112.5% year over year to $2.58 billion, while adjusted losses were narrower than analysts expected. However, the company remains unprofitable, with analysts forecasting a full-year loss, and carries a debt-to-equity ratio of 5.53. Analyst opinions are mixed, although the consensus rating remains “Moderate Buy.”
• Negative Sentiment: CEO Michael Intrator sold 307,692 shares worth approximately $27.3 million, while CFO Nitin Agrawal sold about $488,000. The transactions were made under pre-arranged Rule 10b5-1 plans, which limits their value as a signal of current management sentiment, but the combined sales add near-term supply and investor concern. CoreWeave Insider Selling
• Negative Sentiment: Investors continue to debate whether rising GPU costs, potential future price competition among “neocloud” providers, and CoreWeave’s substantial debt will limit profitability. Those risks are particularly important because the company is investing heavily to expand capacity despite negative earnings and weak liquidity ratios.

Hedge Funds Weigh In On CoreWeave

A number of large investors have recently modified their holdings of CRWV. Corient Private Wealth LP raised its holdings in CoreWeave by 24.8% during the second quarter. Corient Private Wealth LP now owns 13,252 shares of the company’s stock worth $1,319,000 after buying an additional 2,636 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of CoreWeave during the second quarter valued at about $8,669,000. California State Teachers Retirement System increased its position in shares of CoreWeave by 12,886.8% during the second quarter. California State Teachers Retirement System now owns 41,559,344 shares of the company’s stock worth $4,136,817,000 after acquiring an additional 41,239,333 shares in the last quarter. Ameritas Advisory Services LLC increased its position in shares of CoreWeave by 860.6% during the second quarter. Ameritas Advisory Services LLC now owns 33,082 shares of the company’s stock worth $3,293,000 after acquiring an additional 29,638 shares in the last quarter. Finally, Operose Advisors LLC acquired a new stake in shares of CoreWeave in the 2nd quarter worth about $116,000.

Wall Street Analysts Forecast Growth

CRWV has been the topic of a number of research analyst reports. Barclays increased their price target on CoreWeave from $90.00 to $105.00 and gave the stock an “equal weight” rating in a report on Thursday, August 13th. Roth Capital set a $145.00 price objective on shares of CoreWeave in a research note on Thursday, August 13th. Rosenblatt Securities reiterated a “buy” rating and set a $250.00 target price on shares of CoreWeave in a research report on Wednesday, August 12th. Wells Fargo & Company increased their target price on shares of CoreWeave from $155.00 to $160.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 12th. Finally, The Goldman Sachs Group raised their price target on shares of CoreWeave from $121.00 to $139.00 and gave the stock a “neutral” rating in a report on Friday, August 21st. Twenty-one analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $141.90.

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.