CoreWeave (NASDAQ:CRWV) Shares Gap Down After Insider Selling

Shares of CoreWeave Inc. (NASDAQ:CRWV) gapped down before the market opened on Wednesday following insider selling activity. The stock had previously closed at $99.54, but opened at $88.87. CoreWeave shares last traded at $88.9890, with a volume of 12,381,119 shares.

Specifically, insider Brannin Mcbee sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $94.32, for a total value of $4,716,000.00. Following the transaction, the insider directly owned 402,852 shares of the company’s stock, valued at approximately $37,997,000.64. This trade represents a 11.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brannin Mcbee sold 144,000 shares of CoreWeave stock in a transaction on Monday, June 29th. The stock was sold at an average price of $94.32, for a total transaction of $13,582,080.00. Following the sale, the insider directly owned 258,852 shares of the company’s stock, valued at $24,414,920.64. This represents a 35.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In other CoreWeave news, insider Brannin Mcbee sold 55,500 shares of the company’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $94.32, for a total transaction of $5,234,760.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Analyst Ratings Changes

Several research analysts have recently issued reports on CRWV shares. Citigroup raised their price target on CoreWeave from $155.00 to $158.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Bank of America upgraded CoreWeave from a “neutral” rating to a “buy” rating and set a $100.00 price objective for the company in a report on Tuesday, March 24th. Truist Financial increased their target price on CoreWeave from $85.00 to $131.00 and gave the company a “hold” rating in a research note on Friday, May 8th. BNP Paribas Exane began coverage on CoreWeave in a report on Tuesday, June 2nd. They set an “outperform” rating and a $192.00 target price on the stock. Finally, Mizuho boosted their target price on CoreWeave from $105.00 to $110.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Twenty-one investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two 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 $135.00.

Trending Headlines about CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Rosenblatt Securities reaffirmed a buy rating on CoreWeave, signaling that at least some analysts still see meaningful upside despite the selloff. Coreweave Sell-off Sparks Buying Opportunity, Analyst Says Meta Fears Are Overblown
• Positive Sentiment: Supportive commentary argued the Meta-driven selloff may be overdone because CoreWeave still has a massive AI backlog and continued demand for compute capacity. CoreWeave (CRWV) Stock May Still Look Cheap Following Record AI Backlog
• Neutral Sentiment: CoreWeave launched ARIA, an AI research agent in Weights & Biases designed to automate analysis and speed model iteration, which is a product-positive update but not a major near-term stock catalyst. CoreWeave Unveils ARIA to Accelerate AI Research and Agent Development
• Neutral Sentiment: CoreWeave expanded its Livingston headquarters, a sign of continued growth, but the news is not enough to offset the current investor concern around competition and valuation. CoreWeave Expands HQ with Additional 31,000 SF in Livingston
• Negative Sentiment: Meta’s reported plan to sell excess AI compute has intensified fears that large hyperscalers could compete directly with CoreWeave, driving concern over future pricing power and customer retention. Stock Market Today, July 1: CoreWeave Stock Tumbles as Meta Cloud Report Raises Customer Concerns
• Negative Sentiment: Multiple reports highlighted CoreWeave’s heavy debt load and recent insider selling, adding to worries that the stock’s valuation may be vulnerable if growth expectations cool. CoreWeave Just Slipped Under $50 Billion. Is the Debt Finally Catching Up?

CoreWeave Stock Performance

The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.31 and a current ratio of 0.31. The stock’s 50-day moving average is $108.29 and its 200 day moving average is $94.80. The firm has a market cap of $36.59 billion, a P/E ratio of -26.29 and a beta of 7.17.

CoreWeave (NASDAQ:CRWV) last posted its earnings results on Thursday, May 7th. The company reported ($1.40) earnings per share 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 business had revenue of $2.08 billion for the quarter. During the same quarter in the previous year, the company posted ($0.60) EPS. The company’s quarterly revenue was up 111.6% on a year-over-year basis. On average, research analysts predict that CoreWeave Inc. will post -4.57 earnings per share for the current year.

Institutional Investors Weigh In On CoreWeave

Hedge funds have recently modified their holdings of the business. KERR FINANCIAL PLANNING Corp acquired a new position in shares of CoreWeave in the 3rd quarter valued at approximately $27,000. Pin Oak Investment Advisors Inc. acquired a new stake in CoreWeave during the 3rd quarter worth approximately $34,000. Cornerstone Planning Group LLC raised its holdings in CoreWeave by 272.8% during the 4th quarter. Cornerstone Planning Group LLC now owns 343 shares of the company’s stock worth $25,000 after buying an additional 251 shares during the period. Cullen Frost Bankers Inc. lifted its stake in CoreWeave by 45.8% in the fourth quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock valued at $28,000 after buying an additional 121 shares in the last quarter. Finally, Greenline Wealth Management LLC bought a new position in CoreWeave in the fourth quarter valued at approximately $28,000.

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.