CoreWeave (NASDAQ:CRWV) CRO Sells 21,569 Shares of Stock

CoreWeave Inc. (NASDAQ:CRWV) CRO Jonathan Jones sold 21,569 shares of the company’s stock in a transaction that occurred on Tuesday, October 13th. The stock was sold at an average price of $77.42, for a total value of $1,669,871.98. Following the completion of the sale, the executive owned 5,392 shares of the company’s stock, valued at $417,448.64. This trade represents a 80.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.

Jonathan Jones also recently made the following trade(s):

• On Monday, October 12th, Jonathan Jones sold 15,811 shares of CoreWeave stock. The shares were sold at an average price of $80.36, for a total value of $1,270,571.96.

CoreWeave Stock Down 15.5%

NASDAQ CRWV traded down $12.03 on Wednesday, reaching $65.78. 108,302,396 shares of the stock traded hands, compared to its average volume of 30,908,486. CoreWeave Inc. has a 12 month low of $60.55 and a 12 month high of $150.40. The firm’s fifty day simple moving average is $87.91 and its 200 day simple moving average is $94.69. 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 (NASDAQ:CRWV) last posted its quarterly earnings data on Tuesday, August 11th. The company reported ($1.14) EPS for the quarter, topping analysts’ consensus estimates of ($1.52) by $0.38. CoreWeave had a negative return on equity of 47.95% and a negative net margin of 25.41%. The company had revenue of $2.58 billion for the quarter. During the same period in the prior year, the firm posted ($0.27) EPS. The firm’s quarterly revenue was up 112.5% on a year-over-year basis. On average, analysts predict that CoreWeave Inc. will post -5.19 EPS for the current fiscal year.

Hedge Funds Weigh In On CoreWeave

Institutional investors have recently bought and sold shares of the stock. State Street Corp increased its position in shares of CoreWeave by 139.7% in the second quarter. State Street Corp now owns 7,058,846 shares of the company’s stock worth $702,638,000 after acquiring an additional 4,113,873 shares in the last quarter. Alyeska Investment Group L.P. raised its stake in CoreWeave by 55.7% during the 2nd quarter. Alyeska Investment Group L.P. now owns 10,891,267 shares of the company’s stock valued at $1,084,117,000 after purchasing an additional 3,897,741 shares during the period. Altimeter Capital Management LP purchased a new stake in shares of CoreWeave in the fourth quarter valued at $230,099,000. Amundi boosted its position in shares of CoreWeave by 266.2% in the first quarter. Amundi now owns 3,284,121 shares of the company’s stock worth $254,421,000 after buying an additional 2,387,337 shares during the period. Finally, Altshuler Shaham Ltd lifted its stake in CoreWeave by 9,369.1% in the 4th quarter. Altshuler Shaham Ltd now owns 2,010,676 shares of the company’s stock worth $143,985,000 after acquiring an additional 1,989,442 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Btg Pactual set a $125.00 price target on shares of CoreWeave in a research report on Monday, September 21st. The Goldman Sachs Group raised their price objective on shares of CoreWeave from $121.00 to $139.00 and gave the company a “neutral” rating in a research report on Friday, August 21st. Citigroup lifted their price objective on shares of CoreWeave from $142.00 to $159.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. TD Cowen upgraded shares of CoreWeave to a “buy” rating in a report on Wednesday, July 22nd. Finally, William Blair initiated coverage on shares of CoreWeave in a report on Wednesday, September 30th. They issued an “outperform” rating on the stock. Twenty-three research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $140.64.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave’s CEO sought to reassure employees and investors by highlighting a strong backlog, reportedly valued at approximately $104 billion. Analysts note that demand for AI computing remains robust, although converting that backlog into revenue depends on the company’s ability to build data-center capacity. CoreWeave CEO notes strong backlog in memo to reassure staff over market scrutiny
• Positive Sentiment: Some bullish commentary argues that CoreWeave’s backlog and rapid growth could support substantial long-term upside, while a recent convertible-bond offering may reduce interest costs. However, potential dilution and execution risks remain. CoreWeave: Asymmetric Risk-Reward as $104 Billion Backlog Underpins Growth
• Neutral Sentiment: Investor attention also turned to OpenAI’s reported $50 billion revenue run rate, which could signal continued demand for CoreWeave’s AI infrastructure but also highlights the company’s exposure to a concentrated customer and industry ecosystem. What Does OpenAI’s $50 Billion Run Rate Mean for CoreWeave Stock?
• Negative Sentiment: Yields on CoreWeave’s bonds approached 15%, signaling that creditors view the highly leveraged AI infrastructure model as increasingly risky. The company’s debt-to-equity ratio is already elevated, and higher borrowing costs could delay profitability or require additional capital. CoreWeave shares tumble as bond yields near 15% on concern about AI borrowing binge
• Negative Sentiment: Gartner warned that as many as 80% of neocloud companies could disappear by 2030, intensifying concerns about competition, customer concentration and the long-term viability of specialized AI cloud providers. Stock Market Today, Oct. 14: CoreWeave Plummets on Gartner Neocloud Warning and Bond Yield Surge
• Negative Sentiment: Bearish commentary, including a warning that CoreWeave’s equity could be wiped out if AI spending weakens, further damaged sentiment. Traders also bought “bubble puts,” reflecting expectations for additional downside, while Elon Musk’s “Yikes” response drew attention to the bond-market stress. CoreWeave Stock Could Go to Zero if AI Boom Falters

CoreWeave Company Profile

CoreWeave, Inc is a specialized cloud computing provider focused on infrastructure for artificial intelligence, machine learning and other data-intensive workloads. The company offers access to accelerated computing resources, including graphics processing units (GPUs), alongside central processing units, high-performance storage, networking and data center capacity.

Its platform supports AI model training, fine-tuning and inference, as well as visual effects, rendering, scientific computing and other demanding applications.