CoreWeave (NASDAQ:CRWV) Insider Kristen Mcveety Sells 2,100 Shares

Key Points

• CoreWeave insider Kristen Mcveety sold 2,100 shares at an average price of $88.03, generating $184,863. The transaction was conducted under a pre-arranged Rule 10b5-1 plan, leaving Mcveety with 123,313 shares.
• CoreWeave shares fell 3.0% to $84.23, while the company continues to face financial risks including a negative net margin, negative return on equity, weak liquidity ratios and a debt-to-equity ratio of 5.53.
• Despite those risks, quarterly revenue rose 112.5% year over year to $2.58 billion, and the company’s adjusted loss beat expectations. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $141.90.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) insider Kristen Mcveety sold 2,100 shares of the company's stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $88.03, for a total transaction of $184,863.00. Following the completion of the sale, the insider directly owned 123,313 shares of the company's stock, valued at approximately $10,855,243.39. This trade represents a 1.67% 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.

CoreWeave Stock Down 3.0%

CoreWeave stock traded down $2.57 during midday trading on Friday, hitting $84.23. 17,258,718 shares of the company's stock were exchanged, compared to its average volume of 30,197,120. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 5.53. The firm has a 50-day moving average of $87.16 and a two-hundred day moving average of $94.80. CoreWeave Inc. has a 12 month low of $60.55 and a 12 month high of $153.20.

CoreWeave (NASDAQ:CRWV - Get Free Report) last posted its quarterly earnings results on Tuesday, August 11th. The company reported ($1.14) EPS for the quarter, beating the consensus estimate of ($1.52) by $0.38. CoreWeave had a negative net margin of 25.41% and a negative return on equity of 47.95%. The business had revenue of $2.58 billion during the quarter. During the same quarter in the prior year, the firm posted ($0.27) EPS. The company's revenue for the quarter was up 112.5% compared to the same quarter last year. On average, equities research analysts forecast that CoreWeave Inc. will post -5.19 EPS for the current year.

Institutional Investors Weigh In On CoreWeave

A number of hedge funds and other institutional investors have recently bought and sold shares of CRWV. 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 worth $25,000 after purchasing an additional 251 shares in the last quarter. Cullen Frost Bankers Inc. boosted its position in shares of CoreWeave by 45.8% in the 4th quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company's stock worth $28,000 after purchasing an additional 121 shares in the last quarter. Greenline Wealth Management LLC acquired a new stake in shares of CoreWeave in the 4th quarter worth $28,000. Essential Partners LLC purchased a new position in CoreWeave during the 2nd quarter worth $30,000. Finally, Peterson Wealth Services grew its stake 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 buying an additional 245 shares during the last quarter.

Key Stories Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave is being integrated into Rescale’s AI cloud platform, extending its reach into engineering, simulation, research and development, and other enterprise workloads. The partnership could broaden customer adoption and improve utilization of CoreWeave’s GPU infrastructure. CoreWeave Enters Next Generation Engineering AI Workloads
• Positive Sentiment: Truist said NVIDIA’s reported 17% GPU price increase may not materially damage CoreWeave’s margins. Strong AI demand, customer pricing power, and contract structures could allow CoreWeave to pass through higher equipment costs, supporting the firm’s bullish outlook. NVIDIA’s GPU Price Hikes Look Bad for CoreWeave
• Neutral Sentiment: CoreWeave’s latest results showed revenue growth of 112.5% year over year to $2.58 billion, while adjusted losses were narrower than analysts expected. However, the company remains unprofitable, with analysts forecasting a full-year loss, and carries a debt-to-equity ratio of 5.53. Analyst opinions are mixed, although the consensus rating remains “Moderate Buy.”
• Negative Sentiment: CEO Michael Intrator sold 307,692 shares worth approximately $27.3 million, while CFO Nitin Agrawal sold about $488,000. The transactions were made under pre-arranged Rule 10b5-1 plans, which limits their value as a signal of current management sentiment, but the combined sales add near-term supply and investor concern. CoreWeave Insider Selling
• Negative Sentiment: Investors continue to debate whether rising GPU costs, potential future price competition among “neocloud” providers, and CoreWeave’s substantial debt will limit profitability. Those risks are particularly important because the company is investing heavily to expand capacity despite negative earnings and weak liquidity ratios.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CRWV. Needham & Company LLC reaffirmed a "hold" rating on shares of CoreWeave in a research report on Thursday, August 13th. BTIG Research assumed coverage on CoreWeave in a research report on Wednesday, July 22nd. They issued a "buy" rating for the company. TD Cowen upgraded CoreWeave to a "buy" rating in a research note on Wednesday, July 22nd. Barclays upped their price objective on CoreWeave from $90.00 to $105.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 13th. Finally, Piper Sandler reaffirmed an "overweight" rating and set a $153.00 price objective (up from $151.00) on shares of CoreWeave in a research report on Wednesday, August 12th. Twenty-one research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $141.90.

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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