CoreWeave (NASDAQ:CRWV) Insider Jeff Baker Sells 1,320 Shares

Key Points

• CoreWeave insider Jeff Baker sold 1,320 shares on May 20 at an average price of $99.82, worth about $131,762. The filing says the sale was made to cover tax withholding tied to vesting equity awards.
• Baker has sold additional CoreWeave shares recently, including a much larger sale of 42,515 shares on May 14, plus smaller sales in late April and March. These transactions have reduced his position significantly.
• CoreWeave shares fell 1.9% to $105.49 amid ongoing investor attention to the stock’s volatility, heavy debt load, and recent earnings miss. Despite strong revenue growth, analysts remain mixed, with a consensus rating of “Moderate Buy.”

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) insider Jeff Baker sold 1,320 shares of the firm's stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $99.82, for a total value of $131,762.40. Following the completion of the transaction, the insider owned 1,119 shares in the company, valued at $111,698.58. The trade was a 54.12% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 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 Thursday, May 14th, Jeff Baker sold 42,515 shares of CoreWeave stock. The stock was sold at an average price of $113.94, for a total value of $4,844,159.10.
• On Wednesday, April 29th, Jeff Baker sold 6,760 shares of CoreWeave stock. The stock was sold at an average price of $107.87, for a total value of $729,201.20.
• On Tuesday, March 31st, Jeff Baker sold 16 shares of CoreWeave stock. The stock was sold at an average price of $74.05, for a total value of $1,184.80.

CoreWeave Trading Down 1.9%

Shares of CRWV traded down $2.09 during midday trading on Friday, reaching $105.49. The company had a trading volume of 19,860,247 shares, compared to its average volume of 29,885,526. CoreWeave Inc. has a 1-year low of $63.80 and a 1-year high of $187.00. The stock has a market cap of $47.21 billion, a PE ratio of -33.92 and a beta of 7.84. The firm has a 50 day simple moving average of $100.22 and a 200-day simple moving average of $90.88. 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 - Get Free Report) last issued its earnings results on Thursday, February 26th. The company reported ($0.89) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.61) by ($0.28). CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.The company had revenue of $1.57 billion during the quarter. CoreWeave's quarterly revenue was up 110.4% compared to the same quarter last year. Research analysts forecast that CoreWeave Inc. will post -4.58 EPS for the current fiscal year.

Institutional Trading of CoreWeave

Hedge funds and other institutional investors have recently modified their holdings of the business. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of CoreWeave during the 3rd quarter worth about $27,000. Aspect Partners LLC acquired a new stake in shares of CoreWeave during the 3rd quarter worth about $28,000. Rothschild Investment LLC increased its position in shares of CoreWeave by 10,700.0% during the 3rd quarter. Rothschild Investment LLC now owns 216 shares of the company's stock worth $30,000 after purchasing an additional 214 shares during the last quarter. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of CoreWeave during the 3rd quarter worth about $30,000. Finally, UMB Bank n.a. acquired a new stake in shares of CoreWeave during the 3rd quarter worth about $34,000.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Evercore reaffirmed an "outperform" rating and issued a $150.00 target price on shares of CoreWeave in a research note on Wednesday, April 15th. Needham & Company LLC reaffirmed a "hold" rating on shares of CoreWeave in a research note on Friday, February 27th. Truist Financial raised their target price on CoreWeave from $85.00 to $131.00 and gave the stock a "hold" rating in a research note on Friday, May 8th. Jefferies Financial Group raised their price objective on CoreWeave from $120.00 to $160.00 and gave the stock a "buy" rating in a research report on Monday, May 4th. Finally, Macquarie Infrastructure reissued a "neutral" rating and set a $115.00 price objective on shares of CoreWeave in a research report on Tuesday, January 27th. Nineteen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $129.63.

Key CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave announced that CFO Nitin Agrawal will present at the Jefferies Software, Internet, and AI Conference on May 27, which keeps the company visible to investors and may reinforce the bullish AI growth narrative. CoreWeave to Participate in the Jefferies Software, Internet, and AI Conference
• Positive Sentiment: New coverage highlighted CoreWeave’s partnership with Pulumi, which ties its GPU cloud more tightly into AI developer workflows and could make the platform stickier for enterprise customers. CoreWeave Pulumi Deal Ties GPU Cloud To AI Developer Workflows
• Positive Sentiment: Several bullish articles continue to frame CoreWeave as a major beneficiary of AI infrastructure spending, citing strong revenue growth, a large backlog, and a new expanded AI infrastructure agreement with Meta. CoreWeave Scores Big With Meta — We See 66% Upside
• Neutral Sentiment: Market commentary comparing CoreWeave with Oracle and other AI infrastructure names may keep the stock in focus, but it does not add a clear new catalyst by itself. CoreWeave vs. Oracle: Which AI Infrastructure Stock is the Better Pick?
• Negative Sentiment: Insider selling remains a headwind, with CEO Michael Intrator and insider Brian Venturo both selling shares this week, which can weigh on investor confidence despite the trades being under pre-arranged 10b5-1 plans. CoreWeave insider trading filing
• Negative Sentiment: Recent analyst and media commentary has also been cautious, pointing to CoreWeave’s leverage, losses, and valuation risk, which helps explain why the stock has faced selling pressure despite strong AI demand. As AI infrastructure heats up, stay on the sidelines with CoreWeave stock

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.

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