CoreWeave (NASDAQ:CRWV) Trading Down 7.1% After Insider Selling

CoreWeave Inc. (NASDAQ:CRWV) dropped 7.1% during trading on Friday after an insider sold shares in the company. The stock traded as low as $95.54 and last traded at $100.39. Approximately 31,457,687 shares traded hands during trading, an increase of 11% from the average daily volume of 28,309,223 shares. The stock had previously closed at $108.03.

Specifically, CEO Michael N. Intrator sold 107,692 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $122.38, for a total value of $13,179,346.96. Following the sale, the chief executive officer owned 4,032,397 shares of the company’s stock, valued at $493,484,744.86. The trade was a 2.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael N. Intrator sold 200,000 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $122.38, for a total transaction of $24,476,000.00. Following the completion of the transaction, the chief executive officer directly owned 3,876,815 shares of the company’s stock, valued at approximately $474,444,619.70. This trade represents a 4.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In other CoreWeave news, major shareholder Magnetar Financial Llc sold 112,111 shares of CoreWeave stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $130.56, for a total value of $14,637,212.16. Following the sale, the insider directly owned 241,920 shares in the company, valued at approximately $31,585,075.20. The trade was a 31.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Wall Street Analysts Forecast Growth

CRWV has been the subject of several analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of CoreWeave in a report on Monday, May 4th. HC Wainwright reissued a “buy” rating and set a $180.00 price target on shares of CoreWeave in a research report on Monday, March 2nd. Needham & Company LLC restated a “hold” rating on shares of CoreWeave in a research note on Friday, February 27th. Truist Financial upped their price objective on CoreWeave from $85.00 to $131.00 and gave the company a “hold” rating in a research note on Friday, May 8th. Finally, Sanford C. Bernstein raised their price objective on CoreWeave from $56.00 to $67.00 and gave the company an “underperform” rating in a research report on Tuesday, April 14th. Twenty analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $131.52.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: BNP Paribas Exane initiated coverage on CoreWeave with an Outperform rating and a $192 price target, reinforcing the view that CRWV is undervalued relative to its AI growth prospects. BNP Paribas Initiates Coverage on CoreWeave. That Means CRWV Stock Could Soar 71% from Here.
• Positive Sentiment: Analysts highlighted CoreWeave’s stronger near-term revenue visibility versus peers, citing its large backlog, sold-out 2026 capacity, and contracted revenue as reasons investors may prefer CRWV amid macro uncertainty. Nebius Isn’t Expensive, But CoreWeave Is Underappreciated
• Positive Sentiment: CoreWeave’s expanded multi-year AI infrastructure deals with Anthropic and Meta, including a Meta contract running to around 2032, add durability to its revenue outlook and support the long-term bull case. CoreWeave’s Long-Term AI Deals Reframe Growth And Risk For Investors
• Positive Sentiment: Coverage saying CoreWeave is “underappreciated” compared with Nebius suggests the market may be overlooking CRWV’s execution and contract quality. Nebius Isn’t Expensive, But CoreWeave Is Underappreciated
• Neutral Sentiment: CoreWeave is set to join the Russell 3000, which could improve institutional visibility and trading interest, but the impact is likely more gradual than immediate. CoreWeave’s Long-Term AI Deals Reframe Growth And Risk For Investors
• Negative Sentiment: CEO Michael Intrator and COO Sachin Jain both disclosed stock sales, while Magnetar Financial also sold shares, which can weigh on investor sentiment even though the trades were pre-planned or disclosed. Magnetar Financial Llc Sells 112,111 Shares of CoreWeave (NASDAQ:CRWV) Stock

CoreWeave Trading Down 7.1%

The firm has a market capitalization of $44.93 billion, a P/E ratio of -32.28 and a beta of 7.14. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 3.68. The firm has a 50 day moving average of $105.34 and a 200-day moving average of $91.46.

CoreWeave (NASDAQ:CRWV) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($1.40) EPS for the quarter, missing analysts’ consensus estimates of ($1.17) by ($0.23). The company had revenue of $2.08 billion during the quarter. CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. The firm’s quarterly revenue was up 111.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.60) earnings per share. On average, equities research analysts predict that CoreWeave Inc. will post -4.57 earnings per share for the current fiscal year.

Institutional Trading of CoreWeave

A number of hedge funds and other institutional investors have recently modified their holdings of CRWV. Vanguard Group Inc. increased its holdings in CoreWeave by 275.6% in the 4th quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company’s stock worth $1,999,421,000 after purchasing an additional 20,487,478 shares in the last quarter. Proficio Capital Partners LLC boosted its stake in shares of CoreWeave by 446,194.0% during the third quarter. Proficio Capital Partners LLC now owns 17,851,760 shares of the company’s stock valued at $2,443,013,000 after purchasing an additional 17,847,760 shares in the last quarter. Deutsche Bank AG boosted its stake in shares of CoreWeave by 22,624.0% during the fourth quarter. Deutsche Bank AG now owns 3,812,856 shares of the company’s stock valued at $273,039,000 after purchasing an additional 3,796,077 shares in the last quarter. Altimeter Capital Management LP bought a new stake in shares of CoreWeave during the fourth quarter worth about $230,099,000. Finally, Alyeska Investment Group L.P. grew its holdings in shares of CoreWeave by 300.0% during the fourth quarter. Alyeska Investment Group L.P. now owns 4,000,000 shares of the company’s stock worth $286,440,000 after purchasing an additional 3,000,000 shares during the last quarter.

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.