Insider Selling: CoreWeave (NASDAQ:CRWV) Insider Sells $4,844,159.10 in Stock

CoreWeave Inc. (NASDAQ:CRWV) insider Jeff Baker sold 42,515 shares of the stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $113.94, for a total transaction of $4,844,159.10. Following the completion of the transaction, the insider owned 14 shares of the company’s stock, valued at $1,595.16. This represents a 99.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Jeff Baker also recently made the following trade(s):

• On Wednesday, April 29th, Jeff Baker sold 6,760 shares of CoreWeave stock. The shares were sold at an average price of $107.87, for a total transaction of $729,201.20.
• On Tuesday, March 31st, Jeff Baker sold 16 shares of CoreWeave stock. The shares were sold at an average price of $74.05, for a total transaction of $1,184.80.
• On Friday, February 20th, Jeff Baker sold 2,374 shares of CoreWeave stock. The shares were sold at an average price of $90.83, for a total transaction of $215,630.42.

CoreWeave Stock Performance

Shares of CRWV opened at $107.30 on Monday. The firm has a 50-day moving average price of $97.44 and a 200 day moving average price of $91.67. The firm has a market capitalization of $48.02 billion, a PE ratio of -34.50 and a beta of 7.84. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 3.68. CoreWeave Inc. has a 52-week low of $63.80 and a 52-week high of $187.00.

CoreWeave (NASDAQ:CRWV) last announced its earnings results on Thursday, February 26th. The company reported ($0.89) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.28). The company had revenue of $1.57 billion during the quarter. CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. CoreWeave’s revenue for the quarter was up 110.4% on a year-over-year basis. On average, sell-side analysts anticipate that CoreWeave Inc. will post -4.15 earnings per share for the current fiscal year.

CoreWeave News Summary

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave launched Sandboxes, a new execution layer for AI workloads designed to improve secure, isolated AI agent operations and support higher-value monetization across on-prem and serverless deployments. CoreWeave Sandboxes Targets AI Agent Workloads And Higher Value Monetization
• Positive Sentiment: Citigroup raised its price target on CoreWeave to $158 and kept a Buy rating, reinforcing Wall Street’s optimism about the company’s AI infrastructure growth story. CoreWeave (NASDAQ:CRWV) Given New $158.00 Price Target at Citigroup
• Positive Sentiment: CoreWeave was highlighted as a potential beneficiary of capital rotation into AI data center stocks, which may support sentiment toward the shares. 3 AI Data Center Stocks Worth Watching for Capital Rotation (CRWV)
• Neutral Sentiment: CoreWeave was also mentioned as a top GPU-as-a-service stock to watch, with analyst coverage still broadly constructive on the company’s long-term AI demand outlook. CoreWeave (CRWV) Is One Of Our Top Data Center GPU-As-A-Service Stock To Buy
• Neutral Sentiment: CoreWeave said it will present at the J.P. Morgan Global Technology, Media and Communications Conference on May 19, an event that could provide a near-term catalyst if management offers new updates. CoreWeave to Participate in the J.P. Morgan Global Technology, Media and Communications Conference
• Negative Sentiment: CEO Michael Intrator, co-founder Brian Venturo, and insider Jeff Baker all disclosed large stock sales over the past few days, which can weigh on investor sentiment even when some trades were made under pre-arranged plans. CoreWeave insider Form 4 filing CoreWeave insider Form 4 filing
• Negative Sentiment: Bearish commentary continues to focus on CoreWeave’s high debt load, ongoing losses, and questions about whether its AI growth rate can stay as strong as investors expect. CoreWeave stock falls as the AI growth story slows down

Institutional Investors Weigh In On CoreWeave

A number of institutional investors and hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company lifted its holdings in CoreWeave by 7.8% in the 1st quarter. The Manufacturers Life Insurance Company now owns 22,080 shares of the company’s stock valued at $1,711,000 after acquiring an additional 1,589 shares during the last quarter. Quantinno Capital Management LP lifted its stake in CoreWeave by 48.5% during the first quarter. Quantinno Capital Management LP now owns 9,394 shares of the company’s stock valued at $728,000 after buying an additional 3,067 shares in the last quarter. ABS Direct Equity Fund LLC purchased a new stake in CoreWeave during the first quarter valued at about $124,000. Ardmore Road Asset Management LP lifted its stake in CoreWeave by 3,410.0% during the first quarter. Ardmore Road Asset Management LP now owns 351,000 shares of the company’s stock valued at $27,192,000 after buying an additional 341,000 shares in the last quarter. Finally, Themes Management Co LLC purchased a new stake in CoreWeave during the first quarter valued at about $734,000.

Analyst Ratings Changes

CRWV has been the subject of a number of research analyst reports. Citigroup upped their price target on shares of CoreWeave from $155.00 to $158.00 and gave the company a “buy” rating in a report on Thursday. Macquarie Infrastructure reissued a “neutral” rating and issued a $115.00 price target on shares of CoreWeave in a report on Tuesday, January 27th. Weiss Ratings reissued a “sell (e+)” rating on shares of CoreWeave in a report on Monday, May 4th. Mizuho upped their price target on shares of CoreWeave from $105.00 to $110.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Finally, Cantor Fitzgerald upped their price target on shares of CoreWeave from $156.00 to $167.00 and gave the company an “overweight” rating in a report on Monday, May 11th. Twenty research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, CoreWeave presently has an average rating of “Moderate Buy” and an average price target of $131.97.

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.