CoreWeave (NASDAQ:CRWV) Insider Jeff Baker Sells 6,455 Shares of Stock

CoreWeave Inc. (NASDAQ:CRWV) insider Jeff Baker sold 6,455 shares of the business’s stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $66.51, for a total value of $429,322.05. Following the completion of the sale, the insider owned 7,167 shares of the company’s stock, valued at $476,677.17. The trade was a 47.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Jeff Baker also recently made the following trade(s):

• On Tuesday, June 30th, Jeff Baker sold 4 shares of CoreWeave stock. The stock was sold at an average price of $95.69, for a total value of $382.76.
• On Wednesday, May 20th, Jeff Baker sold 1,320 shares of CoreWeave stock. The stock was sold at an average price of $99.82, for a total value of $131,762.40.
• On Thursday, May 14th, Jeff Baker sold 42,515 shares of CoreWeave stock. The shares were sold at an average price of $113.94, for a total value of $4,844,159.10.

CoreWeave Price Performance

Shares of CRWV stock opened at $74.11 on Friday. CoreWeave Inc. has a twelve month low of $60.55 and a twelve month high of $153.20. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 3.68. The stock has a fifty day simple moving average of $94.25 and a two-hundred day simple moving average of $95.16. The stock has a market capitalization of $33.17 billion, a price-to-earnings ratio of -23.83 and a beta of 7.17.

CoreWeave (NASDAQ:CRWV) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($1.40) EPS 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 quarter in the prior year, the company posted ($0.60) EPS. The company’s revenue for the quarter was up 111.6% on a year-over-year basis. On average, analysts predict that CoreWeave Inc. will post -4.57 EPS for the current fiscal year.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Defense partnership expands growth prospects: CoreWeave is teaming with Leidos to provide secure, sovereign AI-cloud infrastructure for U.S. defense, national security and intelligence agencies. The agreement could open a sizable government market and support longer-term demand for CoreWeave’s data-center capacity. Leidos and CoreWeave collaboration
• Positive Sentiment: Revenue outlook remains strong: Oppenheimer expects CoreWeave to report second-quarter revenue near the high end of its $2.45 billion to $2.60 billion guidance range, reinforcing the company’s rapid AI-infrastructure growth story. CoreWeave Q2 revenue outlook
• Neutral Sentiment: Large customer commitments provide demand visibility, but competition is rising: Meta could spend more than $62 billion with CoreWeave and Nebius, including up to $35.2 billion in CoreWeave agreements. Yet Meta may eventually offer competing cloud services, creating a potential long-term customer and competitive risk. Meta CoreWeave and Nebius spending
• Negative Sentiment: Debt and credit concerns remain the main overhang: Reports highlight CoreWeave’s heavy GPU-related borrowing, significant capital spending and weak profitability. Rising credit-default-swap costs have reportedly implied sharply higher perceived default risk, intensifying worries about refinancing and cash flow ahead of the company’s August 11 earnings report. CoreWeave credit-default-swap concerns
• Negative Sentiment: Insider selling weighs on sentiment: CEO Michael Intrator sold 307,692 shares for approximately $20.5 million, while another insider sold shares to cover tax withholding. The CEO’s transactions were conducted under a pre-arranged Rule 10b5-1 plan, which reduces their signaling value, but the sizable sales still add pressure to the stock. CoreWeave SEC insider filing

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CRWV. Raymond James Financial lowered CoreWeave from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Jefferies Financial Group cut CoreWeave from a “buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. raised their price objective on CoreWeave from $90.00 to $105.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Wells Fargo & Company boosted their target price on shares of CoreWeave from $135.00 to $155.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $135.00 price target on shares of CoreWeave in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $136.25.

Institutional Trading of CoreWeave

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in shares of 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 buying an additional 20,487,478 shares during the last quarter. Proficio Capital Partners LLC increased its position in shares of CoreWeave by 446,194.0% in the 3rd quarter. Proficio Capital Partners LLC now owns 17,851,760 shares of the company’s stock valued at $2,443,013,000 after acquiring an additional 17,847,760 shares during the period. Bank of America Corp DE increased its position in shares of CoreWeave by 13.1% in the 1st quarter. Bank of America Corp DE now owns 5,652,129 shares of the company’s stock valued at $437,870,000 after acquiring an additional 653,398 shares during the period. Clear Street Group Inc. raised its stake in CoreWeave by 57.2% in the 4th quarter. Clear Street Group Inc. now owns 4,653,815 shares of the company’s stock worth $333,260,000 after acquiring an additional 1,692,916 shares during the last quarter. Finally, Alyeska Investment Group L.P. lifted its position in CoreWeave by 300.0% during the 4th quarter. Alyeska Investment Group L.P. now owns 4,000,000 shares of the company’s stock worth $286,440,000 after acquiring an additional 3,000,000 shares during the period.

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.