CoreWeave (NASDAQ:CRWV) Stock Price Down 6.6% Following Insider Selling

Key Points

• Major shareholder Magnetar sold roughly 2.55 million shares across May 4–5 (≈$325.5M), cutting its stake by up to ~82%; CoreWeave shares fell 6.6% on Thursday with volume ~29% above average.
• Analysts remain largely positive: 20 Buys, 11 Holds and 2 Sells give a consensus rating of “Moderate Buy” with a $127.94 average price target.
• Financials show growth but material risk: Q1 revenue was $2.08B but EPS was -$1.40 with a -22.75% net margin and a high debt-to-equity ratio of 4.46, signaling leverage and margin pressure.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report)'s share price was down 6.6% during trading on Thursday after an insider sold shares in the company. The stock traded as low as $125.43 and last traded at $128.84. Approximately 36,008,327 shares changed hands during trading, an increase of 29% from the average daily volume of 27,858,943 shares. The stock had previously closed at $137.98.

Specifically, major shareholder Magnetar Financial Llc sold 1,155,164 shares of the company's stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $127.29, for a total value of $147,040,825.56. Following the sale, the insider directly owned 258,166 shares in the company, valued at $32,861,950.14. This represents a 81.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Magnetar Financial Llc sold 420,227 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $127.29, for a total value of $53,490,694.83. Following the transaction, the insider owned 726,283 shares in the company, valued at $92,448,563.07. The trade was a 36.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In other CoreWeave news, major shareholder Magnetar Financial Llc sold 978,764 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $127.68, for a total transaction of $124,968,587.52. Following the transaction, the insider directly owned 253,167 shares in the company, valued at approximately $32,324,362.56. This represents a 79.45% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Barclays increased their price target on CoreWeave from $90.00 to $106.00 and gave the stock an "equal weight" rating in a report on Monday, April 20th. Deutsche Bank Aktiengesellschaft upgraded CoreWeave from a "hold" rating to a "buy" rating and increased their target price for the stock from $100.00 to $140.00 in a report on Tuesday, January 27th. Sanford C. Bernstein increased their target price on CoreWeave from $56.00 to $67.00 and gave the stock an "underperform" rating in a report on Tuesday, April 14th. Wells Fargo & Company increased their target price on CoreWeave from $125.00 to $135.00 and gave the stock an "overweight" rating in a report on Wednesday, April 29th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of CoreWeave in a report on Friday, February 27th. Twenty research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, CoreWeave presently has an average rating of "Moderate Buy" and a consensus price target of $127.94.

Key CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Citi analyst bullish ahead of earnings, arguing the stock could outperform into the report based on strong demand and order momentum. Read More.
• Positive Sentiment: Report that CoreWeave has drawn roughly $15 billion in customer orders tied to a $3.1 billion AI loan — suggests a large backlog and sustained hyperscaler demand that supports revenue upside if bookings convert. Read More.
• Positive Sentiment: Product expansion: CoreWeave broadened its SUNK capabilities to simplify large‑scale AI training across multi‑cloud and on‑prem, which can improve customer stickiness and addressable market. Read More.
• Positive Sentiment: Multiple analyst previews and technical writeups are bullish entering earnings, calling for record revenue and continuation of the post‑IPO beat streak — a positive earnings surprise could reverse recent weakness. Read More.
• Neutral Sentiment: Coverage and previews note the binary risk: very strong top‑line growth but heavy capex, leverage and margin pressure — the market reaction will hinge on guidance and margin commentary. Read More.
• Negative Sentiment: Major shareholder Magnetar executed multiple material share sales across May 4–5, substantially reducing its position — large block sales are likely contributing to downward pressure ahead of earnings. Read More.
• Negative Sentiment: Insider and institutional trimming: CEO Brian Venturo sold 375,000 shares under a pre‑arranged 10b5‑1 plan and ARK funds also trimmed holdings — increases near‑term free float and may amplify volatility despite procedural caveats. Read More.

CoreWeave Trading Down 6.6%

The company has a debt-to-equity ratio of 4.46, a quick ratio of 0.46 and a current ratio of 0.46. The firm has a 50 day simple moving average of $93.59 and a two-hundred day simple moving average of $92.40. The firm has a market capitalization of $57.07 billion, a P/E ratio of -40.26 and a beta of 7.84.

CoreWeave (NASDAQ:CRWV - Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($1.40) earnings per share for the quarter. CoreWeave had a negative net margin of 22.75% and a negative return on equity of 33.82%. The company had revenue of $2.08 billion for the quarter. Equities research analysts forecast that CoreWeave Inc. will post -4.15 earnings per share for the current year.

Hedge Funds Weigh In On CoreWeave

Several large investors have recently bought and sold shares of CRWV. Vanguard Group Inc. lifted its stake in CoreWeave by 275.6% during the 4th quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company's stock valued at $1,999,421,000 after acquiring an additional 20,487,478 shares in the last quarter. Proficio Capital Partners LLC increased its position in shares of CoreWeave by 446,194.0% during 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 purchasing an additional 17,847,760 shares during the last quarter. Deutsche Bank AG increased its position in shares of CoreWeave by 22,624.0% during the 4th quarter. Deutsche Bank AG now owns 3,812,856 shares of the company's stock valued at $273,039,000 after purchasing an additional 3,796,077 shares during the last quarter. Altimeter Capital Management LP purchased a new stake in shares of CoreWeave during the 4th quarter valued at $230,099,000. Finally, Alyeska Investment Group L.P. increased its position in shares of CoreWeave by 300.0% during the 4th quarter. Alyeska Investment Group L.P. now owns 4,000,000 shares of the company's stock valued at $286,440,000 after purchasing an additional 3,000,000 shares during 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.

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