Insider Selling: CoreWeave (NASDAQ:CRWV) Insider Sells 76,924 Shares of Stock

CoreWeave Inc. (NASDAQ:CRWV) insider Brian Venturo sold 76,924 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $101.09, for a total transaction of $7,776,247.16. Following the completion of the sale, the insider directly owned 234,966 shares of the company’s stock, valued at approximately $23,752,712.94. The trade was a 24.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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.

CoreWeave Trading Down 1.9%

Shares of CoreWeave stock traded down $2.09 on Friday, hitting $105.49. 19,860,247 shares of the company traded hands, compared to its average volume of 29,885,526. The stock’s 50 day moving average price is $100.22 and its 200-day moving average price is $90.88. 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 Inc. has a 52 week low of $63.80 and a 52 week high of $187.00. The company has a market cap of $47.21 billion, a PE ratio of -33.92 and a beta of 7.84.

CoreWeave (NASDAQ:CRWV) last posted its quarterly earnings results on Thursday, February 26th. The company reported ($0.89) earnings per share for the quarter, missing the consensus estimate of ($0.61) by ($0.28). CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. The company had revenue of $1.57 billion for the quarter. The firm’s quarterly revenue was up 110.4% on a year-over-year basis. Equities research analysts predict that CoreWeave Inc. will post -4.58 EPS for the current year.

Key Headlines Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave announced that CFO Nitin Agrawal will present at the Jefferies Software, Internet, and AI Conference on May 27, which keeps the company visible to investors and may reinforce the bullish AI growth narrative. CoreWeave to Participate in the Jefferies Software, Internet, and AI Conference
• Positive Sentiment: New coverage highlighted CoreWeave’s partnership with Pulumi, which ties its GPU cloud more tightly into AI developer workflows and could make the platform stickier for enterprise customers. CoreWeave Pulumi Deal Ties GPU Cloud To AI Developer Workflows
• Positive Sentiment: Several bullish articles continue to frame CoreWeave as a major beneficiary of AI infrastructure spending, citing strong revenue growth, a large backlog, and a new expanded AI infrastructure agreement with Meta. CoreWeave Scores Big With Meta — We See 66% Upside
• Neutral Sentiment: Market commentary comparing CoreWeave with Oracle and other AI infrastructure names may keep the stock in focus, but it does not add a clear new catalyst by itself. CoreWeave vs. Oracle: Which AI Infrastructure Stock is the Better Pick?
• Negative Sentiment: Insider selling remains a headwind, with CEO Michael Intrator and insider Brian Venturo both selling shares this week, which can weigh on investor confidence despite the trades being under pre-arranged 10b5-1 plans. CoreWeave insider trading filing
• Negative Sentiment: Recent analyst and media commentary has also been cautious, pointing to CoreWeave’s leverage, losses, and valuation risk, which helps explain why the stock has faced selling pressure despite strong AI demand. As AI infrastructure heats up, stay on the sidelines with CoreWeave stock

Hedge Funds Weigh In On CoreWeave

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in CoreWeave by 275.6% in the fourth quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company’s stock worth $1,999,421,000 after purchasing an additional 20,487,478 shares during the last quarter. Proficio Capital Partners LLC grew its holdings 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 during the last quarter. Bank of America Corp DE grew its holdings 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 during the last quarter. Clear Street Group Inc. grew its holdings in CoreWeave by 57.2% in 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 CoreWeave by 300.0% in 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.

Analysts Set New Price Targets

CRWV has been the topic of several research reports. JPMorgan Chase & Co. lifted their price objective on shares of CoreWeave from $90.00 to $105.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Truist Financial lifted their price objective on shares of CoreWeave from $85.00 to $131.00 and gave the company a “hold” rating in a report on Friday, May 8th. Mizuho lifted their price objective on shares of CoreWeave from $105.00 to $110.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Macquarie Infrastructure reissued a “neutral” rating and set a $115.00 price objective on shares of CoreWeave in a report on Tuesday, January 27th. Finally, Needham & Company LLC reissued a “hold” rating on shares of CoreWeave in a report on Friday, February 27th. Nineteen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $129.63.

CoreWeave Company Profile

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.