Insider Selling: CoreWeave (NASDAQ:CRWV) EVP Sells $1,772,706.32 in Stock

CoreWeave Inc. (NASDAQ:CRWV) EVP Chen Goldberg sold 19,208 shares of the company’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $92.29, for a total transaction of $1,772,706.32. Following the completion of the transaction, the executive vice president owned 71,266 shares in the company, valued at approximately $6,577,139.14. The trade was a 21.23% decrease in their ownership of the stock. The transaction was disclosed in a legal 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.

Chen Goldberg also recently made the following trade(s):

• On Tuesday, August 4th, Chen Goldberg sold 6,397 shares of CoreWeave stock. The shares were sold at an average price of $90.00, for a total transaction of $575,730.00.
• On Tuesday, June 30th, Chen Goldberg sold 4 shares of CoreWeave stock. The shares were sold at an average price of $95.69, for a total transaction of $382.76.
• On Monday, June 15th, Chen Goldberg sold 5,541 shares of CoreWeave stock. The shares were sold at an average price of $107.29, for a total transaction of $594,493.89.
• On Wednesday, May 20th, Chen Goldberg sold 14,168 shares of CoreWeave stock. The stock was sold at an average price of $100.34, for a total transaction of $1,421,617.12.

CoreWeave Trading Down 5.1%

CRWV stock traded down $4.56 during mid-day trading on Thursday, reaching $85.33. The company had a trading volume of 16,543,329 shares, compared to its average volume of 26,826,700. The firm has a 50 day moving average of $92.19 and a 200 day moving average of $94.89. CoreWeave Inc. has a 12 month low of $60.55 and a 12 month high of $153.20. The company has a debt-to-equity ratio of 3.68, a current ratio of 0.31 and a quick ratio of 0.31.

CoreWeave (NASDAQ:CRWV) last posted its quarterly 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). The company had revenue of $2.08 billion for the quarter. CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. The business’s quarterly revenue was up 111.6% on a year-over-year basis. During the same period in the previous year, the company earned ($0.60) earnings per share. Research analysts anticipate that CoreWeave Inc. will post -5.7 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Citigroup decreased their target price on CoreWeave from $158.00 to $142.00 and set a “buy” rating for the company in a research report on Wednesday. Truist Financial upgraded CoreWeave from a “hold” rating to a “buy” rating and cut their price target for the company from $131.00 to $126.00 in a research note on Tuesday, July 21st. Barclays decreased their price objective on CoreWeave from $120.00 to $90.00 and set an “equal weight” rating for the company in a report on Tuesday, July 21st. JPMorgan Chase & Co. upped their price objective on shares of CoreWeave from $90.00 to $105.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Finally, BTIG Research began coverage on shares of CoreWeave in a report on Wednesday, July 22nd. They issued a “buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $136.21.

Key Stories Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave announced a multi-year agreement with Solidigm for priority access to enterprise SSD capacity. The deal could help the company scale storage alongside its AI cloud platform and reduce supply-chain constraints. CoreWeave Signs Multi-Year Agreement With Solidigm to Strengthen Its Integrated AI Cloud Platform
• Positive Sentiment: The company’s planned entry into Indonesia includes three AI data centers with 360 megawatts of contracted IT power, giving CoreWeave its first physical presence in the Asia-Pacific region and potentially expanding access to Southeast Asian AI customers. CoreWeave Enters Indonesia With Three New AI Data Centers
• Positive Sentiment: Bullish coverage argues that the recent pullback has improved CoreWeave’s risk-reward profile. The stock trades well below its 52-week high, while the cited analyst consensus target of $138.03 implies substantial upside; Rosenblatt Securities separately reaffirmed a Buy rating with a $250 target. CoreWeave at $92: The Compelling Bull Case On Offer Right Now
• Neutral Sentiment: Investors are focused on CoreWeave’s August 11 earnings release. Recent commentary highlights strong GPU and AI-cloud demand, but the company’s outlook and spending plans will likely determine whether that momentum can offset profitability concerns. Dear CoreWeave Stock Fans, Mark Your Calendars for August 11
• Negative Sentiment: Director Brannin Mcbee disclosed multiple sales totaling approximately 250,000 shares and more than $20 million under a pre-arranged Rule 10b5-1 plan. Although scheduled sales do not necessarily signal a change in business expectations, the sizable reduction in his holdings can weigh on sentiment. SEC Insider Trading Filing
• Negative Sentiment: CoreWeave remains a high-risk, capital-intensive growth stock. Its reported negative earnings, debt-to-equity ratio of 3.68, low liquidity ratios, and substantial data-center spending leave investors sensitive to financing costs, execution risks, and any signs that AI demand is not converting into improving profitability. CoreWeave Earnings Report

Institutional Trading of CoreWeave

Hedge funds have recently modified their holdings of the company. Sivia Capital Partners LLC bought a new stake in shares of CoreWeave in the 2nd quarter valued at about $39,824,000. Quantbot Technologies LP purchased a new stake in CoreWeave during the second quarter valued at approximately $311,000. Invesco Ltd. purchased a new stake in CoreWeave during the second quarter valued at approximately $882,000. First Trust Advisors LP acquired a new stake in CoreWeave in the second quarter valued at approximately $20,260,000. Finally, Baird Financial Group Inc. purchased a new position in CoreWeave in the second quarter worth $455,000.

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.