Insider Selling: CoreWeave (NASDAQ:CRWV) COO Sells 7,335 Shares of Stock

Key Points

• CoreWeave COO Sachin Jain sold 7,335 shares on May 6 at an average price of $131.13, totaling about $961,839. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
• The transaction reduced Jain’s ownership by 6.58%, leaving him with 104,068 shares valued at about $13.65 million. The filing adds to a series of recent insider sales by Jain.
• CRWV shares fell 11.4% to $114.15, even as analysts remain broadly constructive with a consensus rating of Moderate Buy and an average price target of $131.09. The article also notes strong bookings and backlog, but concerns persist over losses and higher capital spending.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) COO Sachin Jain sold 7,335 shares of CoreWeave stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $131.13, for a total value of $961,838.55. Following the sale, the chief operating officer owned 104,068 shares in the company, valued at $13,646,436.84. This represents a 6.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Sachin Jain also recently made the following trade(s):

• On Wednesday, April 15th, Sachin Jain sold 3,953 shares of CoreWeave stock. The stock was sold at an average price of $120.00, for a total value of $474,360.00.
• On Friday, April 10th, Sachin Jain sold 7,335 shares of CoreWeave stock. The stock was sold at an average price of $105.00, for a total transaction of $770,175.00.
• On Wednesday, April 8th, Sachin Jain sold 3,953 shares of CoreWeave stock. The stock was sold at an average price of $92.00, for a total transaction of $363,676.00.

CoreWeave Stock Down 11.4%

Shares of CRWV traded down $14.69 during midday trading on Friday, hitting $114.15. The company had a trading volume of 48,299,949 shares, compared to its average volume of 28,172,629. The company's 50 day moving average price is $94.19 and its 200 day moving average price is $92.34. The stock has a market cap of $50.56 billion, a price-to-earnings ratio of -35.67 and a beta of 7.84. CoreWeave Inc. has a 52 week low of $50.18 and a 52 week high of $187.00. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 4.46.

CoreWeave (NASDAQ:CRWV - Get Free Report) last released its earnings results on Thursday, February 26th. The company reported ($0.89) earnings per share for the quarter, missing the consensus estimate of ($0.61) by ($0.28). The company had revenue of $1.57 billion during the quarter. CoreWeave had a negative return on equity of 33.82% and a negative net margin of 22.75%.The firm's quarterly revenue was up 110.4% on a year-over-year basis. On average, equities research analysts predict that CoreWeave Inc. will post -4.15 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CRWV. Vanguard Group Inc. grew 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 worth $1,999,421,000 after buying an additional 20,487,478 shares during the last quarter. Proficio Capital Partners LLC grew its position in CoreWeave by 446,194.0% in the 3rd quarter. Proficio Capital Partners LLC now owns 17,851,760 shares of the company's stock worth $2,443,013,000 after purchasing an additional 17,847,760 shares during the last quarter. Deutsche Bank AG grew its position in CoreWeave by 22,624.0% in the 4th quarter. Deutsche Bank AG now owns 3,812,856 shares of the company's stock worth $273,039,000 after purchasing an additional 3,796,077 shares during the last quarter. Altimeter Capital Management LP bought a new position in CoreWeave in the 4th quarter worth about $230,099,000. Finally, Alyeska Investment Group L.P. grew its position in CoreWeave by 300.0% in the 4th quarter. Alyeska Investment Group L.P. now owns 4,000,000 shares of the company's stock worth $286,440,000 after purchasing an additional 3,000,000 shares during the last quarter.

Key Stories Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave said bookings hit the strongest level in company history and backlog remains very large, reinforcing that demand for AI infrastructure is still extremely strong. CoreWeave Reports 'Strongest' Bookings
• Positive Sentiment: Analysts and commentators remain constructive on the long-term AI growth story, with some saying the pullback may create an attractive entry point despite near-term volatility. Seeking Alpha rating upgrade
• Neutral Sentiment: The company also highlighted product momentum, including expanded SUNK capabilities and SUNK Anywhere, which could support customer adoption over time. CoreWeave expands SUNK capabilities
• Neutral Sentiment: JPMorgan and Mizuho raised price targets but kept neutral ratings, suggesting Wall Street sees value but is still cautious on the stock’s near-term execution risk. Analyst target updates
• Negative Sentiment: CoreWeave reported a larger quarterly loss than expected as operating expenses climbed, fueling concerns that profitability remains distant even with rapid revenue growth. WSJ on widened Q1 loss
• Negative Sentiment: Second-quarter revenue guidance came in below consensus, and the company also lifted its capital spending outlook, creating concern about slower conversion of demand into revenue and continued heavy investment. CoreWeave forecast miss and higher capex
• Negative Sentiment: Recent insider and major shareholder selling, including sales by CEO Michael Intrator, Brian Venturo, Chen Goldberg, and Magnetar Financial, is adding short-term pressure on sentiment. CEO Form 4 filing

Wall Street Analysts Forecast Growth

A number of research firms have commented on CRWV. Jefferies Financial Group lifted their price objective on shares of CoreWeave from $120.00 to $160.00 and gave the stock a "buy" rating in a report on Monday. Evercore reaffirmed an "outperform" rating and issued a $150.00 price objective on shares of CoreWeave in a report on Wednesday, April 15th. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of CoreWeave in a report on Monday. Macquarie Infrastructure reaffirmed a "neutral" rating and set a $115.00 price objective on shares of CoreWeave in a research report on Tuesday, January 27th. Finally, Wells Fargo & Company boosted their price objective on shares of CoreWeave from $135.00 to $155.00 and gave the company an "overweight" rating in a research report on Friday. Twenty research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $131.09.

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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