Kristen Mcveety Sells 2,246 Shares of CoreWeave (NASDAQ:CRWV) Stock

Key Points

• Insider sale: CoreWeave insider Kristen Mcveety sold 2,246 shares on May 27 at an average price of $101.87, totaling about $228,800. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
• Stock and fundamentals: CoreWeave shares recently traded at $109.53, with the company carrying a market cap of about $49.02 billion. The stock has been highly volatile, and the company remains unprofitable, reporting a wider-than-expected quarterly loss despite revenue jumping 111.6% year over year to $2.08 billion.
• Analyst and institutional backdrop: Wall Street remains cautiously optimistic overall, with 19 Buy ratings and an average target price of $129.63. At the same time, several institutions have significantly increased holdings, though recent insider selling has weighed on sentiment.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) insider Kristen Mcveety sold 2,246 shares of the company's stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $101.87, for a total transaction of $228,800.02. Following the completion of the sale, the insider directly owned 121,715 shares in the company, valued at approximately $12,399,107.05. The trade was a 1.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CoreWeave Stock Performance

Shares of CRWV stock traded up $2.67 on Friday, reaching $109.53. The stock had a trading volume of 28,046,612 shares, compared to its average volume of 27,964,777. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 3.68. The firm's 50-day moving average is $102.09 and its two-hundred day moving average is $90.49. The firm has a market capitalization of $49.02 billion, a price-to-earnings ratio of -35.22 and a beta of 7.84. CoreWeave Inc. has a 12 month low of $63.80 and a 12 month high of $187.00.

CoreWeave (NASDAQ:CRWV - Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($1.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.17) by ($0.23). CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.The company had revenue of $2.08 billion for the quarter. During the same period in the previous year, the business earned ($0.60) EPS. The firm's revenue was up 111.6% on a year-over-year basis. On average, research analysts expect that CoreWeave Inc. will post -4.58 EPS for the current fiscal year.

Institutional Trading of CoreWeave

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of 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 boosted its position in CoreWeave by 446,194.0% in the third quarter. Proficio Capital Partners LLC now owns 17,851,760 shares of the company's stock valued at $2,443,013,000 after buying an additional 17,847,760 shares in the last quarter. Bank of America Corp DE boosted its position in CoreWeave by 13.1% in the first quarter. Bank of America Corp DE now owns 5,652,129 shares of the company's stock valued at $437,870,000 after buying an additional 653,398 shares in the last quarter. Clear Street Group Inc. boosted its position in CoreWeave by 57.2% in the fourth quarter. Clear Street Group Inc. now owns 4,653,815 shares of the company's stock valued at $333,260,000 after buying an additional 1,692,916 shares in the last quarter. Finally, Alyeska Investment Group L.P. boosted its position in CoreWeave by 300.0% in the fourth quarter. Alyeska Investment Group L.P. now owns 4,000,000 shares of the company's stock valued at $286,440,000 after buying an additional 3,000,000 shares in the last quarter.

More CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave launched new unified agentic AI capabilities that aim to connect training and inference in a closed loop, reinforcing its role as a key AI infrastructure provider and supporting the long-term growth story. CoreWeave’s Closed Loop Agentic AI Aims To Reshape Growth Expectations
• Positive Sentiment: Reports highlighted CoreWeave’s backlog approaching $100 billion, suggesting strong demand visibility and multi-year revenue potential as AI cloud spending remains robust. CoreWeave's Backlog Hits Nearly $100B: Multi-Year Growth Secured?
• Positive Sentiment: Analysts remain constructive overall, with recent target increases and a favorable long-term outlook tied to explosive AI infrastructure demand. Here’s What Analysts Think About CoreWeave, Inc. (CRWV)
• Neutral Sentiment: CoreWeave also announced participation in the BofA Securities Global Technology Conference, which keeps management in front of investors but is not a fundamental catalyst by itself. CoreWeave to Participate in the BofA Securities Global Technology Conference
• Negative Sentiment: Heavy insider selling may be pressuring sentiment, including large share sales by Director Jack D. Cogen and additional sales by CEO Michael Intrator, CFO Nitin Agrawal, COO Sachin Jain, and Director Karen Boone. SEC filing for insider sale
• Negative Sentiment: Investors are still focused on CoreWeave’s sizable losses and capital intensity, which could limit enthusiasm despite strong revenue growth and major customer commitments. CoreWeave Lost $740 Million in 90 Days. Then Meta Handed It $21 Billion.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. DA Davidson reissued a "neutral" rating and issued a $100.00 target price (down from $175.00) on shares of CoreWeave in a research report on Monday, May 18th. HC Wainwright reissued a "buy" rating and issued a $180.00 price objective on shares of CoreWeave in a report on Monday, March 2nd. Evercore reaffirmed an "outperform" rating and set a $150.00 target price on shares of CoreWeave in a report on Wednesday, April 15th. Bank of America raised shares of CoreWeave from a "neutral" rating to a "buy" rating and set a $100.00 target price on the stock in a report on Tuesday, March 24th. Finally, Sanford C. Bernstein raised their target price on shares of CoreWeave from $56.00 to $67.00 and gave the stock an "underperform" rating in a report on Tuesday, April 14th. Nineteen research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $129.63.

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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