CoreWeave (NASDAQ:CRWV) Reaches New 12-Month Low on Insider Selling

Key Points

• CoreWeave shares fell 7.9% to a new 52-week low of $60.46 after insider sales, with trading volume reaching about 19.6 million shares.
• CRO Jonathan Jones and CFO Nitin Agrawal sold shares under pre-arranged Rule 10b5-1 plans to cover tax withholding on vested equity awards; the transactions were not discretionary open-market sales.
• Despite strong revenue growth and a $104 billion backlog, CoreWeave faces significant risks from heavy debt, near-15% bond yields and ongoing losses. Analysts remain broadly bullish, with a “Moderate Buy” consensus and an average price target of $139.82.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Thursday after an insider sold shares in the company. The company traded as low as $60.46 and last traded at $60.5560, with a volume of 19,590,011 shares changing hands. The stock had previously closed at $65.78.

Specifically, CRO Jonathan Jones sold 21,569 shares of CoreWeave stock in a transaction that occurred on Tuesday, October 13th. The stock was sold at an average price of $77.42, for a total transaction of $1,669,871.98. Following the sale, the executive owned 5,392 shares of the company's stock, valued at approximately $417,448.64. The trade was a 80.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through 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. Also, CRO Jonathan Jones sold 15,811 shares of CoreWeave stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $80.36, for a total transaction of $1,270,571.96. Following the sale, the executive owned 26,961 shares in the company, valued at approximately $2,166,585.96. This represents a 36.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. In related news, CFO Nitin Agrawal sold 22,579 shares of the business's stock in a transaction that occurred on Monday, October 12th. The stock was sold at an average price of $80.13, for a total transaction of $1,809,255.27. Following the sale, the chief financial officer owned 110,017 shares of the company's stock, valued at $8,815,662.21. The trade was a 17.03% decrease in their ownership of the stock. The sale was disclosed in a document filed 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.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. The Goldman Sachs Group upped their price target on shares of CoreWeave from $121.00 to $139.00 and gave the company a "neutral" rating in a report on Friday, August 21st. Citigroup lifted their price objective on shares of CoreWeave from $142.00 to $159.00 and gave the stock a "buy" rating in a research report on Friday, August 14th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $150.00 price target on shares of CoreWeave in a research report on Friday, August 7th. Raymond James Financial downgraded CoreWeave from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, July 22nd. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $176.00 price objective on shares of CoreWeave in a research report on Monday, September 28th. Twenty-three analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, CoreWeave has a consensus rating of "Moderate Buy" and an average target price of $139.82.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Deutsche Bank maintained its “buy” rating, arguing that the recent selloff is excessive and that demand for AI computing remains strong. The firm’s approximately $104 billion backlog and expected hyperscaler spending provide potential long-term support if CoreWeave can convert contracted demand into operating capacity. Deutsche Bank sticks with buy on CoreWeave as debt fears hammer the stock
• Positive Sentiment: ARK Invest purchased 188,665 CoreWeave shares during the selloff, signaling that some investors view the decline as an opportunity. CoreWeave’s CEO also highlighted the company’s substantial backlog and defended its financial outlook in a message to employees. Cathie Wood's ARK Invest Purchases CoreWeave Shares
• Neutral Sentiment: CoreWeave’s strong revenue growth and exposure to customers such as OpenAI support the AI-demand narrative, but the company remains unprofitable. Its latest quarterly revenue rose 112.5% year over year, while analysts forecast a full-year loss of $5.19 per share.
• Negative Sentiment: Yields on CoreWeave’s unsecured bonds approached 15%, sharply increasing concern about refinancing costs, liquidity and the company’s ability to fund data-center construction. Rising yields are especially damaging given its 0.46 current ratio and heavy debt load. CoreWeave shares tumble as bond yields near 15%
• Negative Sentiment: Gartner warned that up to 80% of neocloud providers could cease operating independently by 2030. The forecast intensified fears about competition, customer concentration and whether specialized AI cloud companies can earn adequate returns on massive infrastructure investments. CoreWeave Plummets on Gartner Neocloud Warning and Bond Yield Surge
• Negative Sentiment: Bearish analyst commentary—including a warning that the equity could be wiped out if AI spending falters—along with increased demand for downside “bubble puts,” has amplified panic. Recent pre-arranged, tax-related stock sales by CoreWeave’s CFO and CRO added an unfavorable sentiment signal, although they were not discretionary open-market sales.

CoreWeave Stock Down 7.9%

The firm's 50-day simple moving average is $87.91 and its 200 day simple moving average is $94.69. The company has a debt-to-equity ratio of 5.53, a quick ratio of 0.46 and a current ratio of 0.46. The company has a market cap of $27.81 billion, a P/E ratio of -16.54 and a beta of 7.36.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Alyeska Investment Group L.P. grew its stake in CoreWeave by 55.7% in the second quarter. Alyeska Investment Group L.P. now owns 10,891,267 shares of the company's stock valued at $1,084,117,000 after purchasing an additional 3,897,741 shares in the last quarter. State Street Corp lifted its stake in CoreWeave by 139.7% in the second quarter. State Street Corp now owns 7,058,846 shares of the company's stock valued at $702,638,000 after acquiring an additional 4,113,873 shares during the last quarter. Bank of America Corp DE lifted its stake 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 acquiring an additional 653,398 shares during the last quarter. Amundi lifted its stake in CoreWeave by 266.2% in the first quarter. Amundi now owns 3,284,121 shares of the company's stock valued at $254,421,000 after acquiring an additional 2,387,337 shares during the last quarter. Finally, Altimeter Capital Management LP bought a new position in shares of CoreWeave in the 4th quarter valued at about $230,099,000.

About CoreWeave

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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