Insider Selling: CoreWeave (NASDAQ:CRWV) Insider Sells $16,024,320.00 in Stock

CoreWeave Inc. (NASDAQ:CRWV) insider Brannin Mcbee sold 144,000 shares of the business’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $111.28, for a total value of $16,024,320.00. Following the completion of the transaction, the insider directly owned 258,852 shares of the company’s stock, valued at approximately $28,805,050.56. The trade was a 35.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Brannin Mcbee also recently made the following trade(s):

• 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 28,000 shares of CoreWeave stock. The shares were sold at an average price of $111.28, for a total value 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 shares were sold at an average price of $107.30, for a total transaction of $5,740,550.00.
• On Monday, June 15th, Brannin Mcbee sold 144,000 shares of CoreWeave stock. The shares were sold at an average price of $107.30, for a total transaction of $15,451,200.00.
• On Monday, June 15th, Brannin Mcbee sold 52,500 shares of CoreWeave stock. The stock was sold at an average price of $107.30, for a total transaction of $5,633,250.00.
• On Monday, June 8th, Brannin Mcbee sold 50,500 shares of CoreWeave stock. The stock was sold at an average price of $101.84, for a total transaction of $5,142,920.00.
• On Monday, June 8th, Brannin Mcbee sold 144,000 shares of CoreWeave stock. The shares were sold at an average price of $101.84, for a total transaction of $14,664,960.00.
• On Monday, June 8th, Brannin Mcbee sold 55,500 shares of CoreWeave stock. The shares were sold at an average price of $101.84, for a total value of $5,652,120.00.

CoreWeave Stock Performance

Shares of CoreWeave stock traded down $4.85 during trading on Wednesday, reaching $100.87. The company’s stock had a trading volume of 21,909,095 shares, compared to its average volume of 29,694,006. CoreWeave Inc. has a 1-year low of $63.80 and a 1-year high of $180.25. The company has a 50-day simple moving average of $111.23 and a two-hundred day simple moving average of $94.53. 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 (NASDAQ:CRWV) last released 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). CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. The business had revenue of $2.08 billion during the quarter. During the same period in the previous year, the business posted ($0.60) EPS. The business’s revenue was up 111.6% compared to the same quarter last year. On average, sell-side analysts predict that CoreWeave Inc. will post -4.57 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of CoreWeave in a report on Monday, May 4th. Evercore reissued an “outperform” rating and set a $150.00 price objective on shares of CoreWeave in a report on Wednesday, April 15th. Truist Financial upped their target price on CoreWeave from $85.00 to $131.00 and gave the company a “hold” rating in a research report on Friday, May 8th. Wolfe Research assumed coverage on CoreWeave in a research note on Thursday, April 16th. They issued an “outperform” rating and a $150.00 target price for the company. Finally, Barclays lifted their price target on CoreWeave from $106.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Monday, May 11th. Twenty research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, CoreWeave has an average rating of “Moderate Buy” and a consensus price target of $131.52.

Institutional Trading of CoreWeave

Several large investors have recently made changes to their positions in CRWV. Parallel Advisors LLC raised its holdings in shares of CoreWeave by 4.0% during the first quarter. Parallel Advisors LLC now owns 2,340 shares of the company’s stock worth $181,000 after purchasing an additional 91 shares during the last quarter. Pathway Wealth Management LLC boosted its holdings in CoreWeave by 2.9% in the first quarter. Pathway Wealth Management LLC now owns 3,593 shares of the company’s stock valued at $278,000 after purchasing an additional 100 shares during the last quarter. Azzad Asset Management Inc. ADV grew its position in CoreWeave by 2.1% during the 1st quarter. Azzad Asset Management Inc. ADV now owns 5,020 shares of the company’s stock worth $389,000 after purchasing an additional 104 shares during the period. Hazlett Burt & Watson Inc. grew its position in CoreWeave by 34.7% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 462 shares of the company’s stock worth $33,000 after purchasing an additional 119 shares during the period. Finally, Cullen Frost Bankers Inc. raised its stake in shares of CoreWeave by 45.8% during the 4th quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock valued at $28,000 after buying an additional 121 shares during the last quarter.

Key CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave announced a new co-location agreement with Conapto to expand AI cloud capacity in Stockholm, adding two campuses and highlighting renewable-energy-powered infrastructure in Europe. This supports the company’s international growth and capacity buildout. CoreWeave Partners With Conapto to Expand AI Cloud Capacity in Sweden Powered by Renewable Energy
• Positive Sentiment: Backblaze announced a five-year multi-exabyte storage agreement with CoreWeave, underscoring strong demand for CoreWeave’s AI cloud services and helping validate its large-scale infrastructure strategy. Backblaze Announces Five-Year Multi-Exabyte Data Storage Agreement with CoreWeave
• Positive Sentiment: CoreWeave was also highlighted by Jim Cramer as a stock he believes in, adding a sentiment boost from a well-known market commentator. Jim Cramer Shares Why He’s A Believer In CoreWeave (CRWV)
• Neutral Sentiment: Several articles compared CoreWeave with Nebius and discussed AI infrastructure upside, but these were mostly commentary pieces rather than new company-specific catalysts. CoreWeave vs. Nebius: Which AI Infrastructure Stock Has More Upside?
• Neutral Sentiment: CoreWeave was named the official AI cloud partner of BattleBots, a branding and sponsorship announcement that adds visibility but is less likely to materially move the stock. CoreWeave Named Official AI Cloud Partner of BattleBots
• Negative Sentiment: A Seeking Alpha piece argued that CoreWeave is a good way to short an “overpriced AI” name, which may be adding pressure to sentiment around the shares. CoreWeave: A Great Way To Short Overpriced AI
• Negative Sentiment: Earlier reporting said CoreWeave stock was falling Tuesday, suggesting traders remain cautious despite the company’s recent AI expansion headlines. CoreWeave stock is falling Tuesday: What’s driving the action?

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.