CoreWeave (NASDAQ:CRWV) Trading Down 4.6% Following Insider Selling

CoreWeave Inc. (NASDAQ:CRWV) traded down 4.6% during trading on Tuesday following insider selling activity. The stock traded as low as $114.72 and last traded at $119.1350. 58,070,931 shares were traded during mid-day trading, an increase of 112% from the average session volume of 27,392,080 shares. The stock had previously closed at $124.82.

Specifically, Director Jack D. Cogen sold 271,153 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $106.97, for a total transaction of $29,005,236.41. Following the completion of the transaction, the director directly owned 8,769,676 shares in the company, valued at approximately $938,092,241.72. This represents a 3.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kristen J. Mcveety sold 2,246 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $101.87, for a total value of $228,800.02. Following the completion of the sale, the insider owned 121,715 shares of the company’s stock, valued at approximately $12,399,107.05. This represents a 1.81% 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 related news, insider Brian M. Venturo sold 76,924 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $102.33, for a total value of $7,871,632.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CRWV. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $135.00 price target on shares of CoreWeave in a research report on Friday, May 8th. DA Davidson restated a “neutral” rating and issued a $100.00 price target (down from $175.00) on shares of CoreWeave in a research report on Monday, May 18th. Oppenheimer raised their price target on CoreWeave from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. BNP Paribas Exane began coverage on CoreWeave in a research report on Tuesday. They issued an “outperform” rating and a $192.00 price target for the company. Finally, Wolfe Research began coverage on CoreWeave in a research report on Thursday, April 16th. They issued an “outperform” rating and a $150.00 price target for the company. Twenty research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, CoreWeave presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.52.

Key Stories Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: BNP Paribas started coverage with bullish views, adding analyst support and helping reinforce the market’s positive stance on CoreWeave’s growth prospects. CoreWeave rises after BNP Paribas starts coverage with bullish views
• Positive Sentiment: CoreWeave announced it is the first AI cloud provider to bring up and fully validate NVIDIA’s Vera Rubin NVL72 system, a milestone that strengthens its AI infrastructure credibility and may help win more enterprise workloads. CoreWeave Completes Industry-First Bring-Up and Validation of NVIDIA Vera Rubin NVL72
• Positive Sentiment: Continued AI sector momentum and heavy call-option buying suggest traders are positioning for more upside in CRWV. CoreWeave Stock Continues To Climb: What’s Driving The Momentum?
• Neutral Sentiment: Some commentary says CoreWeave still screens as a “wait-and-see” setup over the next 12 months, with valuation around a reference value near $138.56, suggesting upside may depend on execution rather than current hype. Buy, Hold, or Sell: Is CoreWeave a Multibagger in the Making, or an AI Infrastructure Debt Trap?
• Negative Sentiment: Recent insider selling by the COO, CFO, and another executive may temper enthusiasm somewhat, even if the amounts were not large enough on their own to drive the stock. CoreWeave (NASDAQ:CRWV) CFO Sells $562,752.36 in Stock

CoreWeave Stock Performance

The firm has a 50-day moving average price of $103.51 and a two-hundred day moving average price of $90.78. The firm has a market capitalization of $53.38 billion, a P/E ratio of -38.35 and a beta of 7.14. The company has a debt-to-equity ratio of 3.68, a current ratio of 0.31 and a quick ratio of 0.31.

CoreWeave (NASDAQ:CRWV) last released its quarterly earnings data on Thursday, May 7th. The company reported ($1.40) 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 return on equity of 43.07% and a negative net margin of 25.57%.The firm’s revenue for the quarter was up 111.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.60) EPS. On average, analysts forecast that CoreWeave Inc. will post -4.57 EPS for the current fiscal year.

Institutional Trading of CoreWeave

Several institutional investors and hedge funds have recently made changes to their positions in the company. Parallel Advisors LLC raised its holdings in shares of CoreWeave by 4.0% in the first quarter. Parallel Advisors LLC now owns 2,340 shares of the company’s stock valued at $181,000 after acquiring an additional 91 shares in the last quarter. Pathway Wealth Management LLC raised its holdings in shares of CoreWeave by 2.9% in the 1st quarter. Pathway Wealth Management LLC now owns 3,593 shares of the company’s stock valued at $278,000 after purchasing an additional 100 shares in the last quarter. Azzad Asset Management Inc. ADV raised its holdings in shares of CoreWeave by 2.1% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 5,020 shares of the company’s stock valued at $389,000 after purchasing an additional 104 shares in the last quarter. Hazlett Burt & Watson Inc. raised its holdings in shares of CoreWeave by 34.7% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 462 shares of the company’s stock valued at $33,000 after purchasing an additional 119 shares in the last quarter. Finally, Cullen Frost Bankers Inc. raised its holdings in shares of CoreWeave by 45.8% in the 4th quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock valued at $28,000 after purchasing an additional 121 shares in the last quarter.

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.