CoreWeave (NASDAQ:CRWV) CEO Sells 278,560 Shares

Key Points

• CoreWeave CEO Michael Intrator sold 278,560 shares on June 30 for about $27.1 million, reducing his stake by 8.15%. The company said the sale was made under a pre-arranged Rule 10b5-1 plan to cover tax withholding tied to vesting equity awards.
• CRWV stock fell 4.6% to $81.75 amid heavy trading and ongoing investor concerns. The article highlights worries about competition from hyperscalers like Meta, CoreWeave’s high debt load, and recent insider selling.
• Analysts remain split but generally constructive, with several firms maintaining buy or outperform ratings and an average price target of $135. At the same time, CoreWeave recently missed earnings expectations despite posting 111.6% year-over-year revenue growth.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) CEO Michael Intrator sold 278,560 shares of the business's stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $97.43, for a total transaction of $27,140,100.80. Following the transaction, the chief executive officer owned 3,138,612 shares in the company, valued at $305,794,967.16. The trade was a 8.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 Stock Down 4.6%

CRWV stock traded down $3.93 during trading on Thursday, reaching $81.75. 32,560,914 shares of the stock were exchanged, compared to its average volume of 29,589,840. The firm's 50 day moving average is $108.29 and its 200 day moving average is $94.80. The firm has a market cap of $36.59 billion, a P/E ratio of -26.29 and a beta of 7.17. 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 twelve month low of $63.80 and a twelve month high of $166.22.

CoreWeave (NASDAQ:CRWV - Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($1.40) EPS for the quarter, missing analysts' consensus estimates 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 business had revenue of $2.08 billion for the quarter. During the same period in the previous year, the business earned ($0.60) EPS. The company's quarterly revenue was up 111.6% compared to the same quarter last year. As a group, research analysts forecast that CoreWeave Inc. will post -4.57 EPS for the current year.

Hedge Funds Weigh In On CoreWeave

Several institutional investors have recently bought and sold shares of the company. Cornerstone Planning Group LLC increased its position in shares of CoreWeave by 272.8% during the fourth quarter. Cornerstone Planning Group LLC now owns 343 shares of the company's stock valued at $25,000 after buying an additional 251 shares during the period. KERR FINANCIAL PLANNING Corp purchased a new position in CoreWeave during the third quarter valued at approximately $27,000. Cullen Frost Bankers Inc. grew its stake in CoreWeave by 45.8% during the fourth quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company's stock valued at $28,000 after acquiring an additional 121 shares in the last quarter. Greenline Wealth Management LLC purchased a new position in CoreWeave during the fourth quarter valued at approximately $28,000. Finally, Peterson Wealth Services increased its holdings in CoreWeave by 153.1% during the 1st quarter. Peterson Wealth Services now owns 405 shares of the company's stock worth $31,000 after acquiring an additional 245 shares during the period.

Key CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Rosenblatt Securities reaffirmed a buy rating on CoreWeave, signaling that at least some analysts still see meaningful upside despite the selloff. Coreweave Sell-off Sparks Buying Opportunity, Analyst Says Meta Fears Are Overblown
• Positive Sentiment: Supportive commentary argued the Meta-driven selloff may be overdone because CoreWeave still has a massive AI backlog and continued demand for compute capacity. CoreWeave (CRWV) Stock May Still Look Cheap Following Record AI Backlog
• Neutral Sentiment: CoreWeave launched ARIA, an AI research agent in Weights & Biases designed to automate analysis and speed model iteration, which is a product-positive update but not a major near-term stock catalyst. CoreWeave Unveils ARIA to Accelerate AI Research and Agent Development
• Neutral Sentiment: CoreWeave expanded its Livingston headquarters, a sign of continued growth, but the news is not enough to offset the current investor concern around competition and valuation. CoreWeave Expands HQ with Additional 31,000 SF in Livingston
• Negative Sentiment: Meta’s reported plan to sell excess AI compute has intensified fears that large hyperscalers could compete directly with CoreWeave, driving concern over future pricing power and customer retention. Stock Market Today, July 1: CoreWeave Stock Tumbles as Meta Cloud Report Raises Customer Concerns
• Negative Sentiment: Multiple reports highlighted CoreWeave’s heavy debt load and recent insider selling, adding to worries that the stock’s valuation may be vulnerable if growth expectations cool. CoreWeave Just Slipped Under $50 Billion. Is the Debt Finally Catching Up?

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on CRWV shares. Evercore reiterated an "outperform" rating and issued a $150.00 target price on shares of CoreWeave in a research note on Wednesday, April 15th. Jefferies Financial Group raised their price target on shares of CoreWeave from $120.00 to $160.00 and gave the company a "buy" rating in a research report on Monday, May 4th. Sanford C. Bernstein reaffirmed an "underperform" rating on shares of CoreWeave in a research report on Thursday, June 11th. Barclays lifted their price target on CoreWeave from $106.00 to $120.00 and gave the stock an "equal weight" rating in a report on Monday, May 11th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $135.00 price objective on shares of CoreWeave in a research report on Friday, May 8th. Twenty-one research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, CoreWeave has an average rating of "Moderate Buy" and an average price target of $135.00.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.