CoreWeave (NASDAQ:CRWV) Shares Down 2.9% on Insider Selling

CoreWeave Inc. (NASDAQ:CRWV)’s stock price dropped 2.9% on Wednesday after an insider sold shares in the company. The company traded as low as $95.10 and last traded at $95.61. Approximately 17,331,074 shares traded hands during trading, a decline of 38% from the average daily volume of 28,171,275 shares. The stock had previously closed at $98.45.

Specifically, insider Brannin Mcbee sold 50,500 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $101.84, for a total value of $5,142,920.00. Following the sale, the insider directly owned 402,852 shares of the company’s stock, valued at $41,026,447.68. This trade represents a 11.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brannin Mcbee sold 144,000 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $101.84, for a total value of $14,664,960.00. Following the completion of the sale, the insider directly owned 258,852 shares in the company, valued at $26,361,487.68. This represents a 35.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In other CoreWeave news, insider Brannin Mcbee sold 55,500 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $101.84, for a total value of $5,652,120.00. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analysts Set New Price Targets

CRWV has been the topic of a number of research analyst reports. Truist Financial raised their price target on CoreWeave from $85.00 to $131.00 and gave the company a “hold” rating in a report on Friday, May 8th. JPMorgan Chase & Co. raised their price target on CoreWeave from $90.00 to $105.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Oppenheimer raised their price target on CoreWeave from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Cantor Fitzgerald reissued an “overweight” rating and set a $167.00 price target on shares of CoreWeave in a report on Thursday. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of CoreWeave in a report on Monday, May 4th. Twenty equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, CoreWeave currently has a consensus rating of “Moderate Buy” and an average price target of $131.52.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave said it will be added to the Nasdaq-100 on June 22, a development that typically boosts demand for a stock because index funds and ETFs that track the benchmark may need to buy shares. CoreWeave to Join Nasdaq-100 Index
• Positive Sentiment: Coverage around the addition highlighted that CoreWeave is one of the AI-linked companies benefiting from strong investor interest in Nvidia-backed names and the broader AI boom. These Nvidia-Backed Firms Are Set to Join the Nasdaq 100 Soon. Their Stocks Are Surging
• Neutral Sentiment: Recent articles also repeated bullish arguments that CoreWeave’s revenue could keep growing quickly and that enterprise AI adoption may support its backlog and bookings, reinforcing the long-term growth story. Wall Street Expects CoreWeave’s Revenue to Double in 2026 and 2027. Is the Stock a Buy?
• Neutral Sentiment: At the same time, the stock had recently been under pressure as investors booked profits and short interest rose, which helps explain some of the volatility around the move. Here’s why Nebius and CoreWeave stocks have lost momentum lately
• Negative Sentiment: CoreWeave has also been issuing significant debt to fund its AI buildout, including a $3.5 billion senior notes plan and recently priced $1.25 billion in dollar notes plus €2 billion in euro notes, which may worry some investors about leverage and financing costs. CoreWeave Announces Pricing of $1.25 Billion of Senior Notes and €2 Billion of Senior Notes
• Negative Sentiment: Recent insider sales by the CEO and another insider may also be creating some caution, even though the trades were made under pre-arranged Rule 10b5-1 plans. MarketBeat CRWV page

CoreWeave Price Performance

The company has a 50 day moving average of $107.41 and a two-hundred day moving average of $92.35. The firm has a market cap of $45.00 billion, a P/E ratio of -32.33 and a beta of 7.14. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 3.68.

CoreWeave (NASDAQ:CRWV) last announced its earnings results on Thursday, May 7th. The company reported ($1.40) earnings per share for the quarter, missing the consensus estimate of ($1.17) by ($0.23). CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. The firm had revenue of $2.08 billion for the quarter. During the same period in the prior year, the company earned ($0.60) earnings per share. The firm’s quarterly revenue was up 111.6% on a year-over-year basis. Sell-side analysts expect that CoreWeave Inc. will post -4.57 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. NewEdge Advisors LLC boosted its stake in CoreWeave by 22.2% during the first quarter. NewEdge Advisors LLC now owns 59,155 shares of the company’s stock valued at $4,583,000 after buying an additional 10,731 shares in the last quarter. CTC Alternative Strategies Ltd. bought a new position in CoreWeave during the first quarter valued at about $852,000. Liontrust Investment Partners LLP boosted its stake in CoreWeave by 24.1% during the first quarter. Liontrust Investment Partners LLP now owns 127,752 shares of the company’s stock valued at $9,897,000 after buying an additional 24,843 shares in the last quarter. SOA Wealth Advisors LLC. boosted its stake in CoreWeave by 79.0% during the first quarter. SOA Wealth Advisors LLC. now owns 886 shares of the company’s stock valued at $69,000 after buying an additional 391 shares in the last quarter. Finally, Pathway Wealth Management LLC boosted its stake in CoreWeave by 2.9% during the first quarter. Pathway Wealth Management LLC now owns 3,593 shares of the company’s stock valued at $278,000 after buying an additional 100 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.