Jeff Baker Sells 42,515 Shares of CoreWeave (NASDAQ:CRWV) Stock

Key Points

• CoreWeave insider Jeff Baker sold 42,515 shares on May 14 at an average price of $113.94, totaling about $4.84 million. After the sale, he retained just 14 shares, a near-total reduction in his position.
• CRWV shares fell 6.1% to $107.30 in Friday trading, though the stock is still well above its 50-day and 200-day moving averages. The company remains highly volatile, with a beta of 7.84 and a wide 52-week range.
• Wall Street sentiment remains mostly bullish despite recent insider selling and a prior earnings miss, with analysts assigning a consensus “Moderate Buy” rating and an average price target of $131.97. Recent catalysts include CoreWeave’s new AI “Sandboxes” product and Citigroup raising its target to $158 with a buy rating.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) insider Jeff Baker sold 42,515 shares of CoreWeave stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $113.94, for a total value of $4,844,159.10. Following the completion of the sale, the insider directly owned 14 shares in the company, valued at $1,595.16. This represents a 99.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Jeff Baker also recently made the following trade(s):

• On Wednesday, April 29th, Jeff Baker sold 6,760 shares of CoreWeave stock. The shares were 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 shares were sold at an average price of $74.05, for a total value of $1,184.80.
• On Friday, February 20th, Jeff Baker sold 2,374 shares of CoreWeave stock. The shares were sold at an average price of $90.83, for a total value of $215,630.42.

CoreWeave Stock Down 6.1%

Shares of CRWV traded down $6.91 during midday trading on Friday, hitting $107.30. The stock had a trading volume of 21,949,317 shares, compared to its average volume of 28,090,322. The company has a 50 day simple moving average of $96.89 and a two-hundred day simple moving average of $91.87. CoreWeave Inc. has a twelve month low of $63.80 and a twelve month high of $187.00. The firm has a market cap of $48.02 billion, a price-to-earnings ratio of -34.50 and a beta of 7.84. The company has a debt-to-equity ratio of 3.68, a current ratio of 0.31 and a quick ratio of 0.46.

CoreWeave (NASDAQ:CRWV - Get Free Report) last released its quarterly earnings results on Thursday, February 26th. The company reported ($0.89) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.61) by ($0.28). CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. The firm had revenue of $1.57 billion during the quarter. The business's quarterly revenue was up 110.4% on a year-over-year basis. On average, analysts anticipate that CoreWeave Inc. will post -4.15 EPS for the current year.

Institutional Trading of CoreWeave

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sivia Capital Partners LLC bought a new position in CoreWeave during the second quarter worth about $39,824,000. Quantbot Technologies LP bought a new position in CoreWeave during the second quarter worth about $311,000. Invesco Ltd. bought a new position in CoreWeave during the second quarter worth about $882,000. First Trust Advisors LP bought a new position in CoreWeave during the second quarter worth about $20,260,000. Finally, Baird Financial Group Inc. bought a new position in CoreWeave during the second quarter worth about $455,000.

Key Stories Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave launched Sandboxes, a new AI execution layer designed for secure, isolated agent workloads, debugging, and reinforcement learning at scale. The product could help the company monetize higher-value AI infrastructure use cases and strengthen its position in fast-growing AI agent workloads. CoreWeave Sandboxes Targets AI Agent Workloads And Higher Value Monetization
• Positive Sentiment: Citigroup raised its price target on CoreWeave to $158 and kept a buy rating, reinforcing bullish sentiment around the stock. CoreWeave NASDAQ: CRWV Given New $158.00 Price Target at Citigroup
• Positive Sentiment: Coverage highlighting CoreWeave as a beneficiary of rising AI data center spending suggests investors are still rotating into AI infrastructure names beyond chips. 3 AI Data Center Stocks Worth Watching for Capital Rotation (CRWV)
• Neutral Sentiment: CoreWeave will present at the J.P. Morgan Global Technology, Media and Communications Conference on May 19, which could provide a catalyst if management shares new business updates, but the event itself is mostly informational. CoreWeave to Participate in the J.P. Morgan Global Technology, Media and Communications Conference
• Negative Sentiment: Insider sales by co-founder Brian Venturo and CEO Michael Intrator may weigh on sentiment, even though the transactions were made under pre-arranged trading plans. Brian Venturo Sells 375,000 Shares of CoreWeave NASDAQ: CRWV Stock

Wall Street Analysts Forecast Growth

CRWV has been the topic of several recent research reports. Bank of America raised CoreWeave from a "neutral" rating to a "buy" rating and set a $100.00 price target on the stock in a research note on Tuesday, March 24th. DA Davidson lifted their target price on CoreWeave from $125.00 to $175.00 and gave the company a "buy" rating in a research report on Monday, April 13th. Truist Financial lifted their target price on CoreWeave from $85.00 to $131.00 and gave the company a "hold" rating in a research report on Friday, May 8th. Barclays lifted their target price on CoreWeave from $106.00 to $120.00 and gave the company an "equal weight" rating in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $135.00 target price on shares of CoreWeave in a research report on Friday, May 8th. Twenty equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $131.97.

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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