CoreWeave Inc. (NASDAQ:CRWV – Get Free Report)’s stock price traded down 2.1% during mid-day trading on Friday after an insider sold shares in the company. The company traded as low as $87.41 and last traded at $87.85. 20,971,553 shares traded hands during trading, a decline of 27% from the average session volume of 28,812,328 shares. The stock had previously closed at $89.76.
Specifically, CEO Michael N. Intrator sold 107,692 shares of the stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $95.72, for a total value of $10,308,278.24. Following the sale, the chief executive officer owned 1,803,649 shares of the company’s stock, valued at $172,645,282.28. This trade represents a 5.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael N. Intrator sold 200,000 shares of CoreWeave stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $95.72, for a total value of $19,144,000.00. Following the completion of the transaction, the chief executive officer owned 1,676,815 shares of the company’s stock, valued at $160,504,731.80. The trade was a 10.66% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In other news, EVP Chen Goldberg sold 6,397 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $106.11, for a total transaction of $678,785.67. Following the completion of the transaction, the executive vice president directly owned 64,869 shares of the company’s stock, valued at approximately $6,883,249.59. The trade was a 8.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Analysts Set New Price Targets
CRWV has been the topic of several analyst reports. Cantor Fitzgerald set a $176.00 target price on shares of CoreWeave and gave the company an “overweight” rating in a report on Wednesday, August 12th. Barclays boosted their price target on shares of CoreWeave from $90.00 to $105.00 and gave the stock an “equal weight” rating in a report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $150.00 price objective on shares of CoreWeave in a report on Friday, August 7th. BNP Paribas Exane began coverage on shares of CoreWeave in a research report on Tuesday, June 2nd. They set an “outperform” rating and a $192.00 price objective for the company. Finally, Truist Financial boosted their target price on shares of CoreWeave from $126.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Twenty-one research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, CoreWeave has an average rating of “Moderate Buy” and a consensus target price of $141.57.
Key CoreWeave News
Here are the key news stories impacting CoreWeave this week:
- Positive Sentiment: CoreWeave announced a multiyear agreement with Hudson River Trading to provide AI research infrastructure powered by NVIDIA’s Vera Rubin platform and Spectrum-X networking. The deal expands CoreWeave’s exposure to quantitative finance and could improve visibility for specialized AI-cloud demand. Hudson River Trading to Build Next-Gen Research Platform Powered by NVIDIA Vera Rubin NVL72 on CoreWeave Cloud
- Positive Sentiment: Recent operating data remains strong: quarterly revenue more than doubled year over year to approximately $2.6 billion, while the reported backlog reached $104.2 billion. A bullish analyst view cited improving margins, operating leverage and robust AI infrastructure demand, although financing risks remain material. CoreWeave: Strong Buy, But Debt And Dilution Risk Is Real
- Neutral Sentiment: Martin Shkreli reportedly covered his CoreWeave short position after holding it for about a week. The move may reduce one source of short-selling pressure, but it does not change the company’s fundamentals. Martin Shkreli Covered CoreWeave Short Position
- Negative Sentiment: CEO Michael Intrator sold 307,692 shares for approximately $29.5 million. The transactions were executed under a prearranged Rule 10b5-1 plan, which limits their value as a signal of management’s outlook, but the size and timing of the sales are weighing on investor sentiment. CoreWeave Stock Plunges Following CEO’s Share Sale
- Negative Sentiment: Bearish commentary argues that CoreWeave’s debt-heavy model may be vulnerable to shifting market conditions, higher financing costs and potential overspending or excess capacity across the AI data-center industry. Northland Securities still expects losses through fiscal 2027, forecasting fiscal 2026 EPS of $(5.50) and fiscal 2027 EPS of $(3.18). CoreWeave: A Highly Leveraged Model That Will Not Survive Shifting Market Conditions
CoreWeave Price Performance
The company has a market capitalization of $40.31 billion, a PE ratio of -24.07 and a beta of 7.44. 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 company’s 50 day simple moving average is $90.25 and its 200 day simple moving average is $94.79.
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, topping the consensus estimate of ($1.52) by $0.38. The business had revenue of $2.58 billion during the quarter. CoreWeave had a negative net margin of 25.41% and a negative return on equity of 47.95%. The firm’s quarterly revenue was up 112.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.27) EPS. As a group, sell-side analysts predict that CoreWeave Inc. will post -5.37 earnings per share for the current year.
Institutional Investors Weigh In On CoreWeave
Several hedge funds and other institutional investors have recently bought and sold shares of CRWV. Cornerstone Planning Group LLC increased its position in shares of CoreWeave by 272.8% during the fourth quarter. Cornerstone Planning Group LLC now owns 343 shares of the company’s stock worth $25,000 after purchasing an additional 251 shares in the last quarter. Cullen Frost Bankers Inc. boosted its position in shares of CoreWeave by 45.8% in the 4th quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock valued at $28,000 after purchasing an additional 121 shares during the period. Greenline Wealth Management LLC purchased a new position in CoreWeave during the 4th quarter worth approximately $28,000. Essential Partners LLC purchased a new position in CoreWeave during the 2nd quarter worth approximately $30,000. Finally, Peterson Wealth Services increased its position in CoreWeave by 153.1% during the first quarter. Peterson Wealth Services now owns 405 shares of the company’s stock worth $31,000 after buying an additional 245 shares during the period.
About CoreWeave
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 Stories
- Five stocks we like better than CoreWeave
- Blueprint for a Boom: SEC Clears the Crypto Runway
- Ross Stores Just Flipped the Off-Price Retail Story After TJX’s Marmaxx Miss
- Advance Auto Parts Plunged, But Its Turnaround Is Still Working
- Is Palo Alto Networks Priced for Perfection Again as AI Security Demand Accelerates?
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.
