CoreWeave Inc. (NASDAQ:CRWV – Get Free Report) insider Brannin Mcbee sold 56,707 shares of the stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $95.69, for a total value of $5,426,292.83. Following the completion of the transaction, the insider owned 323,263 shares in the company, valued at approximately $30,933,036.47. This represents a 14.92% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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.
Brannin Mcbee also recently made the following trade(s):
- On Monday, June 29th, Brannin Mcbee sold 50,000 shares of CoreWeave stock. The shares were sold at an average price of $94.32, for a total transaction of $4,716,000.00.
- On Monday, June 29th, Brannin Mcbee sold 144,000 shares of CoreWeave stock. The stock was sold at an average price of $94.32, for a total transaction of $13,582,080.00.
- On Monday, June 29th, Brannin Mcbee sold 55,500 shares of CoreWeave stock. The stock was sold at an average price of $94.32, for a total transaction of $5,234,760.00.
- On Monday, June 29th, Brannin Mcbee sold 500 shares of CoreWeave stock. The shares were sold at an average price of $94.32, for a total transaction of $47,160.00.
- On Monday, June 22nd, Brannin Mcbee sold 25,000 shares of CoreWeave stock. The shares were sold at an average price of $111.28, for a total transaction of $2,782,000.00.
- On Monday, June 22nd, Brannin Mcbee sold 144,000 shares of CoreWeave stock. The stock was sold at an average price of $111.28, for a total transaction of $16,024,320.00.
- On Monday, June 22nd, Brannin Mcbee sold 28,000 shares of CoreWeave stock. The stock was sold at an average price of $111.28, for a total transaction of $3,115,840.00.
- On Monday, June 22nd, Brannin Mcbee sold 52,500 shares of CoreWeave stock. The shares were sold at an average price of $111.28, for a total transaction of $5,842,200.00.
- On Monday, June 22nd, Brannin Mcbee sold 500 shares of CoreWeave stock. The shares were sold at an average price of $111.27, for a total transaction of $55,635.00.
- On Monday, June 15th, Brannin Mcbee sold 53,500 shares of CoreWeave stock. The shares were sold at an average price of $107.30, for a total value of $5,740,550.00.
CoreWeave Stock Performance
Shares of CRWV opened at $85.68 on Thursday. 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 has a 50 day moving average price of $108.96 and a two-hundred day moving average price of $94.78. The firm has a market capitalization of $38.35 billion, a P/E ratio of -27.55 and a beta of 7.14. CoreWeave Inc. has a 52 week low of $63.80 and a 52 week high of $166.22.
Institutional Investors Weigh In On CoreWeave
A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of CoreWeave by 275.6% in the fourth quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company’s stock valued at $1,999,421,000 after buying an additional 20,487,478 shares during the period. Proficio Capital Partners LLC grew its stake in shares of CoreWeave by 446,194.0% during the 3rd quarter. Proficio Capital Partners LLC now owns 17,851,760 shares of the company’s stock worth $2,443,013,000 after acquiring an additional 17,847,760 shares during the period. Bank of America Corp DE grew its stake in shares of CoreWeave by 13.1% during the 1st quarter. Bank of America Corp DE now owns 5,652,129 shares of the company’s stock worth $437,870,000 after acquiring an additional 653,398 shares during the period. Clear Street Group Inc. increased its holdings in CoreWeave by 57.2% in the 4th quarter. Clear Street Group Inc. now owns 4,653,815 shares of the company’s stock worth $333,260,000 after acquiring an additional 1,692,916 shares during the last quarter. Finally, Alyeska Investment Group L.P. raised its stake in CoreWeave by 300.0% in the 4th quarter. Alyeska Investment Group L.P. now owns 4,000,000 shares of the company’s stock valued at $286,440,000 after acquiring an additional 3,000,000 shares during the period.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of CoreWeave from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, June 24th. DA Davidson restated a “neutral” rating and set a $100.00 price target (down from $175.00) on shares of CoreWeave in a report on Monday, May 18th. BNP Paribas Exane started coverage on shares of CoreWeave in a research report on Tuesday, June 2nd. They issued an “outperform” rating and a $192.00 price objective for the company. Citigroup increased their price objective on shares of CoreWeave from $155.00 to $158.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Finally, Jefferies Financial Group lifted their target price on shares of CoreWeave from $120.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $135.00.
View Our Latest Stock Analysis on CRWV
Key CoreWeave News
Here are the key news stories impacting CoreWeave this week:
- Negative Sentiment: Bloomberg-reported Meta cloud expansion plans sparked fears that Meta could become a direct competitor in AI infrastructure, pressuring CoreWeave shares. Stock Market Today, July 1: CoreWeave Stock Tumbles as Meta Cloud Report Raises Customer Concerns
- Negative Sentiment: Bernstein said hyperscalers are likely to compete more directly with CoreWeave over time, renewing worries that the company’s business model may face intensifying pricing and customer pressure. CRWV Stock Draws Investor Buzz As Bernstein Says It’s A Matter Of Time Before Hyperscalers Compete Head-On With CoreWeave
- Neutral Sentiment: CoreWeave expanded its headquarters in Livingston by an additional 31,000 square feet, signaling continued growth, but the move was not enough to offset the broader selloff. CoreWeave Expands HQ with Additional 31,000 SF in Livingston
- Neutral Sentiment: Some commentary argued the Meta-driven decline may be overdone, pointing to CoreWeave’s strong AI backlog and ongoing demand for cloud capacity, but this did not change the stock’s weak tone. CoreWeave (CRWV) Stock May Still Look Cheap Following Record AI Backlog
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.
Featured Articles
- Five stocks we like better than CoreWeave
- AirJoule Unveils Prime System, Clearing Path to Commercialization
- Copper Stocks Are Getting a Bigger Spotlight as Gold’s Rally Cracks
- Nike Q4 Beat Masks Core Weakness as Analysts Cut Price Targets
- Uber’s Waymo Detour Tests the Stock’s Robotaxi Bull Case
Receive News & Ratings for CoreWeave Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoreWeave and related companies with MarketBeat.com's FREE daily email newsletter.
