CoreWeave (NASDAQ:CRWV) Insider Brannin Mcbee Sells 56,707 Shares

CoreWeave Inc. (NASDAQ:CRWV) insider Brannin Mcbee sold 56,707 shares of the business’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $95.69, for a total transaction of $5,426,292.83. Following the completion of the sale, the insider owned 323,263 shares in the company, valued at approximately $30,933,036.47. This trade represents a 14.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through 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.

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 value 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 value of $13,582,080.00.
• On Monday, June 29th, Brannin Mcbee sold 55,500 shares of CoreWeave stock. The shares were 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 value 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 value of $2,782,000.00.
• On Monday, June 22nd, Brannin Mcbee sold 144,000 shares of CoreWeave stock. The shares were 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 stock was 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 stock was sold at an average price of $107.30, for a total transaction of $5,740,550.00.

CoreWeave Stock Down 13.9%

CRWV stock traded down $13.86 during trading on Wednesday, hitting $85.68. The company had a trading volume of 60,583,205 shares, compared to its average volume of 27,870,250. The firm has a 50-day moving average price of $108.96 and a 200-day moving average price of $94.78. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.31 and a current ratio of 0.31. CoreWeave Inc. has a 1-year low of $63.80 and a 1-year high of $166.22.

CoreWeave (NASDAQ:CRWV) last announced its 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). CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. The company had revenue of $2.08 billion during the quarter. During the same quarter in the prior year, the business earned ($0.60) EPS. The company’s revenue was up 111.6% on a year-over-year basis. Equities analysts predict that CoreWeave Inc. will post -4.57 earnings per share for the current year.

Wall Street Analyst Weigh In

CRWV has been the subject of several analyst reports. Wells Fargo & Company increased their price target on shares of CoreWeave from $135.00 to $155.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Citigroup raised their price target on CoreWeave from $155.00 to $158.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Mizuho lifted their price target on shares of CoreWeave from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $167.00 price objective on shares of CoreWeave in a research report on Thursday, June 11th. Finally, Truist Financial raised their price objective on CoreWeave from $85.00 to $131.00 and gave the company a “hold” rating in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $135.00.

Key Headlines Impacting CoreWeave

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of CoreWeave by 275.6% in the 4th quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company’s stock valued at $1,999,421,000 after purchasing an additional 20,487,478 shares in the last quarter. Proficio Capital Partners LLC grew its stake in CoreWeave by 446,194.0% in the third quarter. Proficio Capital Partners LLC now owns 17,851,760 shares of the company’s stock worth $2,443,013,000 after purchasing an additional 17,847,760 shares in the last quarter. Bank of America Corp DE increased its holdings in CoreWeave by 13.1% in the first quarter. Bank of America Corp DE now owns 5,652,129 shares of the company’s stock valued at $437,870,000 after buying an additional 653,398 shares during the last quarter. Clear Street Group Inc. raised its stake in CoreWeave by 57.2% during the fourth quarter. Clear Street Group Inc. now owns 4,653,815 shares of the company’s stock valued at $333,260,000 after buying an additional 1,692,916 shares in the last quarter. Finally, Alyeska Investment Group L.P. lifted its holdings in CoreWeave by 300.0% during the 4th quarter. Alyeska Investment Group L.P. now owns 4,000,000 shares of the company’s stock worth $286,440,000 after buying an additional 3,000,000 shares during the last quarter.

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.