CoreWeave Inc. (NASDAQ:CRWV – Get Free Report) CRO Jonathan Jones sold 21,569 shares of CoreWeave stock in a transaction dated Tuesday, October 13th. The stock was sold at an average price of $77.42, for a total value of $1,669,871.98. Following the sale, the executive directly owned 5,392 shares in the company, valued at approximately $417,448.64. The trade was a 80.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at 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.
Jonathan Jones also recently made the following trade(s):
- On Monday, October 12th, Jonathan Jones sold 15,811 shares of CoreWeave stock. The stock was sold at an average price of $80.36, for a total value of $1,270,571.96.
CoreWeave Stock Performance
Shares of CRWV opened at $69.69 on Friday. CoreWeave Inc. has a one year low of $59.51 and a one year high of $150.40. The company has a debt-to-equity ratio of 5.53, a current ratio of 0.46 and a quick ratio of 0.46. The stock has a 50-day moving average price of $87.59 and a 200 day moving average price of $94.65.
CoreWeave (NASDAQ:CRWV – Get Free Report) last issued its quarterly earnings data on Tuesday, August 11th. The company reported ($1.14) earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $2.58 billion during the quarter. During the same quarter last year, the business earned ($0.27) EPS. CoreWeave’s revenue for the quarter was up 112.5% compared to the same quarter last year. On average, equities analysts forecast that CoreWeave Inc. will post -5.19 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on CRWV shares. UBS Group initiated coverage on shares of CoreWeave in a research report on Tuesday, September 22nd. They set a “buy” rating and a $120.00 price target for the company. Wells Fargo & Company lifted their price target on shares of CoreWeave from $155.00 to $160.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 12th. Truist Financial upped their price target on shares of CoreWeave from $155.00 to $165.00 and gave the company a “buy” rating in a report on Monday, August 24th. Sanford C. Bernstein upped their price target on shares of CoreWeave from $67.00 to $74.00 and gave the company an “underperform” rating in a report on Wednesday, August 12th. Finally, Citigroup increased their price objective on shares of CoreWeave from $142.00 to $159.00 and gave the company a “buy” rating in a research note on Friday, August 14th. Twenty-four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $139.82.
Check Out Our Latest Analysis on CoreWeave
Hedge Funds Weigh In On CoreWeave
Hedge funds have recently added to or reduced their stakes in the business. MassMutual Private Wealth & Trust FSB lifted its holdings in CoreWeave by 241.1% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 307 shares of the company’s stock worth $27,000 after acquiring an additional 217 shares during the last quarter. Essential Partners LLC acquired a new position in CoreWeave in the second quarter valued at approximately $30,000. Peterson Wealth Services boosted its stake in CoreWeave by 153.1% in the first quarter. Peterson Wealth Services now owns 405 shares of the company’s stock valued at $31,000 after acquiring an additional 245 shares during the period. Cassaday & Co Wealth Management LLC bought a new position in shares of CoreWeave during the first quarter valued at approximately $31,000. Finally, Burnham & Co LLC bought a new position in shares of CoreWeave during the second quarter valued at approximately $32,000.
Key Stories Impacting CoreWeave
Here are the key news stories impacting CoreWeave this week:
- Positive Sentiment: Bank of America maintained a Buy rating and a $140 price target, arguing that CoreWeave’s ability to bring computing capacity online at scale remains a competitive advantage. Deutsche Bank also retained its Buy rating, while bullish analysts contend that the recent selloff is excessive and that upcoming hyperscaler results could reaffirm AI infrastructure spending. CoreWeave wins Bank of America’s backing as revenue growth forecasts rise
- Positive Sentiment: CoreWeave’s reported backlog of approximately $104 billion suggests substantial future demand, although converting those commitments into revenue depends on securing financing and completing data-center capacity. Cathie Wood’s ARK Invest also purchased 188,665 shares, providing a modest vote of confidence. CoreWeave CEO notes strong backlog in memo to reassure staff over market scrutiny
- Neutral Sentiment: CoreWeave’s AI customer contracts and lender relationships are receiving increased scrutiny as the company finances an aggressive infrastructure build-out. Strong contracts may support revenue visibility, but their value depends on continued customer demand and CoreWeave’s ability to fund delivery. CoreWeave’s AI contracts and the lenders financing its build-out
- Negative Sentiment: Credit stress has intensified: yields on CoreWeave’s bonds exceeded 15%, while credit-default swap pricing reportedly implies a greater-than-50% chance of default within five years. Investors are demanding more protection even as the company generated negative free cash flow of $5.7 billion in the latest quarter, raising concerns about refinancing and dilution. CoreWeave credit default swaps hit distress levels as investors sour on AI debt
- Negative Sentiment: Gartner’s warning that up to 80% of neocloud providers may not survive independently by 2030 has amplified doubts about CoreWeave’s business model. Analysts have also warned that a slowdown in AI spending could severely impair the equity, while declining AI-compute pricing could pressure margins. AI Cloud Stocks Sink as Gartner Warns Most Neoclouds Won’t Survive Independently
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.
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