Insider Selling: CoreWeave (NASDAQ:CRWV) CRO Sells 21,569 Shares of Company Stock

Key Points

• CoreWeave CRO Jonathan Jones sold 21,569 shares at an average price of $77.42, generating approximately $1.67 million. The sale occurred under a Rule 10b5-1 plan to cover tax withholding on vested equity awards and reduced his direct holdings by 80% to 5,392 shares.
• CoreWeave shares fell $12.03 to $65.78, amid elevated trading volume and significant leverage, including a 5.53 debt-to-equity ratio. The company reported $2.58 billion in quarterly revenue, up 112.5% year over year, but remained unprofitable.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $140.64, although risks include high borrowing costs, execution challenges in building data-center capacity and concerns about customer concentration and neocloud competition.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) CRO Jonathan Jones sold 21,569 shares of the business's stock in a transaction dated Tuesday, October 13th. The shares were sold at an average price of $77.42, for a total transaction of $1,669,871.98. Following the sale, the executive directly owned 5,392 shares of the company's stock, valued at approximately $417,448.64. This represents a 80.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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.

Jonathan Jones also recently made the following trade(s):

• On Monday, October 12th, Jonathan Jones sold 15,811 shares of CoreWeave stock. The stock was sold at an average price of $80.36, for a total transaction of $1,270,571.96.

CoreWeave Price Performance

CRWV traded down $12.03 on Wednesday, hitting $65.78. 108,302,396 shares of the company's stock were exchanged, compared to its average volume of 30,908,486. The company has a debt-to-equity ratio of 5.53, a current ratio of 0.46 and a quick ratio of 0.46. The stock has a fifty day moving average of $87.91 and a two-hundred day moving average of $94.69. CoreWeave Inc. has a twelve month low of $60.55 and a twelve month high of $150.40.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CRWV. First Citizens Bank & Trust Co. bought a new position in shares of CoreWeave in the third quarter worth $321,000. Sax Wealth Advisors LLC acquired a new position in CoreWeave during the 3rd quarter valued at about $218,000. NorthCrest Asset Manangement LLC acquired a new position in CoreWeave during the 3rd quarter valued at about $466,000. Perpetual Ltd acquired a new position in CoreWeave during the 3rd quarter valued at about $266,000. Finally, GK Wealth Management LLC bought a new stake in shares of CoreWeave during the 3rd quarter worth about $86,000.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Wells Fargo & Company boosted their price objective on CoreWeave from $155.00 to $160.00 and gave the company an "overweight" rating in a research report on Wednesday, August 12th. Roth Capital set a $145.00 price target on shares of CoreWeave in a report on Thursday, August 13th. JPMorgan Chase & Co. raised shares of CoreWeave from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $120.00 to $125.00 in a report on Thursday, September 24th. Citigroup lifted their price objective on shares of CoreWeave from $142.00 to $159.00 and gave the company a "buy" rating in a research report on Friday, August 14th. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $176.00 target price on shares of CoreWeave in a research note on Monday, September 28th. Twenty-three investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $140.64.

More CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave’s CEO sought to reassure employees and investors by highlighting a strong backlog, reportedly valued at approximately $104 billion. Analysts note that demand for AI computing remains robust, although converting that backlog into revenue depends on the company’s ability to build data-center capacity. CoreWeave CEO notes strong backlog in memo to reassure staff over market scrutiny
• Positive Sentiment: Some bullish commentary argues that CoreWeave’s backlog and rapid growth could support substantial long-term upside, while a recent convertible-bond offering may reduce interest costs. However, potential dilution and execution risks remain. CoreWeave: Asymmetric Risk-Reward as $104 Billion Backlog Underpins Growth
• Neutral Sentiment: Investor attention also turned to OpenAI’s reported $50 billion revenue run rate, which could signal continued demand for CoreWeave’s AI infrastructure but also highlights the company’s exposure to a concentrated customer and industry ecosystem. What Does OpenAI’s $50 Billion Run Rate Mean for CoreWeave Stock?
• Negative Sentiment: Yields on CoreWeave’s bonds approached 15%, signaling that creditors view the highly leveraged AI infrastructure model as increasingly risky. The company’s debt-to-equity ratio is already elevated, and higher borrowing costs could delay profitability or require additional capital. CoreWeave shares tumble as bond yields near 15% on concern about AI borrowing binge
• Negative Sentiment: Gartner warned that as many as 80% of neocloud companies could disappear by 2030, intensifying concerns about competition, customer concentration and the long-term viability of specialized AI cloud providers. Stock Market Today, Oct. 14: CoreWeave Plummets on Gartner Neocloud Warning and Bond Yield Surge
• Negative Sentiment: Bearish commentary, including a warning that CoreWeave’s equity could be wiped out if AI spending weakens, further damaged sentiment. Traders also bought “bubble puts,” reflecting expectations for additional downside, while Elon Musk’s “Yikes” response drew attention to the bond-market stress. CoreWeave Stock Could Go to Zero if AI Boom Falters

CoreWeave Company Profile

CoreWeave, Inc is a specialized cloud computing provider focused on infrastructure for artificial intelligence, machine learning and other data-intensive workloads. The company offers access to accelerated computing resources, including graphics processing units (GPUs), alongside central processing units, high-performance storage, networking and data center capacity.

Its platform supports AI model training, fine-tuning and inference, as well as visual effects, rendering, scientific computing and other demanding applications.

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