CoreWeave (NASDAQ:CRWV) CRO Sells $1,669,871.98 in Stock

CoreWeave Inc. (NASDAQ:CRWV) CRO Jonathan Jones sold 21,569 shares of the firm’s stock in a transaction on Tuesday, October 13th. The shares were 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 in the company, valued at $417,448.64. The trade was a 80.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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.

Jonathan Jones also recently made the following trade(s):

• On Monday, October 12th, Jonathan Jones sold 15,811 shares of CoreWeave stock. The shares were sold at an average price of $80.36, for a total value of $1,270,571.96.

CoreWeave Trading Down 11.9%

Shares of NASDAQ:CRWV opened at $61.39 on Friday. 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 firm has a fifty day moving average price of $87.01 and a 200 day moving average price of $94.42. CoreWeave Inc. has a fifty-two week low of $59.51 and a fifty-two week high of $141.79.

CoreWeave (NASDAQ:CRWV) last released its quarterly earnings results on Tuesday, August 11th. The company reported ($1.14) earnings per share for the quarter, beating the consensus estimate of ($1.52) by $0.38. CoreWeave had a negative return on equity of 47.95% and a negative net margin of 25.41%. The business had revenue of $2.58 billion during the quarter. During the same quarter in the prior year, the business earned ($0.27) EPS. The business’s quarterly revenue was up 112.5% compared to the same quarter last year. On average, equities analysts forecast that CoreWeave Inc. will post -5.19 EPS for the current fiscal year.

More CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: JPMorgan analyst Samik Chatterjee called the recent selloff “overdone,” arguing that demand for AI computing remains robust and that CoreWeave can generate healthy returns as it brings additional capacity online. JPMorgan says Wall Street is overreacting
• Positive Sentiment: ARK Invest bought CoreWeave shares during the selloff, while Nvidia CEO Jensen Huang expressed confidence in the company. These endorsements support the bullish view that long-term AI infrastructure demand remains intact. Cathie Wood bought CoreWeave shares
• Positive Sentiment: CoreWeave has reportedly highlighted a backlog of approximately $104 billion, and Bank of America maintained a Buy rating and $140 price target, citing strong growth potential and the company’s ability to deploy computing capacity at scale. Bank of America backs CoreWeave
• Neutral Sentiment: Analyst opinion remains divided. Some firms describe the selloff as excessive and retain high price targets, but others have reduced targets because of funding, execution and customer-concentration risks. The conflicting views are contributing to elevated volatility. How to trade CoreWeave’s slow moving crisis
• Negative Sentiment: CoreWeave’s bonds have sold off sharply, with some unsecured debt trading near 79% of face value and yields on longer-dated notes reaching roughly 14.5% to 15%. Credit-default swap pricing reportedly implies a more than 50% probability of default over five years, raising concerns about refinancing and future capital needs. Why CoreWeave stock is falling
• Negative Sentiment: Investors remain worried that rising borrowing costs will undermine the economics of CoreWeave’s rapid expansion. The company reported negative free cash flow of approximately $5.7 billion in the latest quarter and carries substantial leverage, making weaker financing conditions particularly damaging. CoreWeave credit-default swaps hit distress levels
• Negative Sentiment: Gartner’s warning that as many as 80% of neocloud providers may not survive independently by 2030 has intensified concerns about competition, customer concentration and the durability of AI infrastructure spending. Gartner warns most neoclouds may not survive
• Negative Sentiment: Recent insider sales by CFO Nitin Agrawal and CRO Jonathan Jones added to investor unease, although the transactions were conducted under pre-arranged plans and were partly related to tax withholding. CoreWeave insider sale

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CRWV shares. UBS Group began coverage on CoreWeave in a research report on Tuesday, September 22nd. They set a “buy” rating and a $120.00 target price for the company. Wells Fargo & Company lifted their target price on CoreWeave from $155.00 to $160.00 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. Robert W. Baird increased their price target on CoreWeave from $100.00 to $130.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. Raymond James Financial lowered shares of CoreWeave from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Finally, TD Cowen upgraded CoreWeave to a “buy” rating in a research note on Wednesday, July 22nd. Twenty-four research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $139.82.

Institutional Investors Weigh In On CoreWeave

A number of large investors have recently modified their holdings of CRWV. Howard Capital Management LLC purchased a new position in CoreWeave during the third quarter worth about $745,000. Cornerstone Enterprises LLC purchased a new position in CoreWeave during the third quarter worth about $233,000. Milestone Asset Management LLC increased its position in shares of CoreWeave by 22.7% during the third quarter. Milestone Asset Management LLC now owns 11,421 shares of the company’s stock valued at $995,000 after acquiring an additional 2,113 shares during the last quarter. NFSG Corp grew its stake in shares of CoreWeave by 7.6% in the third quarter. NFSG Corp now owns 73,227 shares of the company’s stock valued at $6,380,000 after buying an additional 5,179 shares in the last quarter. Finally, Activest Wealth Management increased its position in CoreWeave by 52.2% during the 3rd quarter. Activest Wealth Management now owns 6,093 shares of the company’s stock worth $531,000 after purchasing an additional 2,089 shares during the period.

CoreWeave Company Profile

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.