Key Points
- CoreWeave CFO Nitin Agrawal sold 10,062 shares on May 20 at an average price of $99.82, generating about $1.0 million. The company said the sale was made to cover tax withholding tied to vesting equity awards.
- After the transaction, Agrawal still owned 199,279 shares valued at roughly $19.9 million, though the sale reduced his stake by 4.81%. The article also notes several smaller and much larger insider sales by him in recent months.
- CoreWeave continues to draw mixed attention from analysts: the stock has a Moderate Buy consensus with a $129.63 price target, but the company also reported a wider-than-expected quarterly loss and remains highly leveraged.
CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) insider Jeff Baker sold 1,320 shares of the company's stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $99.82, for a total value of $131,762.40. Following the completion of the transaction, the insider directly owned 1,119 shares in the company, valued at approximately $111,698.58. The trade was a 54.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Jeff Baker also recently made the following trade(s):
- On Thursday, May 14th, Jeff Baker sold 42,515 shares of CoreWeave stock. The stock was sold at an average price of $113.94, for a total value of $4,844,159.10.
- On Wednesday, April 29th, Jeff Baker sold 6,760 shares of CoreWeave stock. The stock was sold at an average price of $107.87, for a total value of $729,201.20.
- On Tuesday, March 31st, Jeff Baker sold 16 shares of CoreWeave stock. The stock was sold at an average price of $74.05, for a total value of $1,184.80.
CoreWeave Stock Performance
CRWV opened at $105.49 on Friday. The company has a market cap of $47.21 billion, a PE ratio of -33.92 and a beta of 7.84. The stock has a 50-day moving average of $100.22 and a 200-day moving average of $90.88. CoreWeave Inc. has a 52-week low of $63.80 and a 52-week high of $187.00. 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 (NASDAQ:CRWV - Get Free Report) last released its quarterly earnings results on Thursday, February 26th. The company reported ($0.89) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.61) by ($0.28). The company had revenue of $1.57 billion for the quarter. CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.The firm's quarterly revenue was up 110.4% on a year-over-year basis. As a group, equities research analysts forecast that CoreWeave Inc. will post -4.58 earnings per share for the current fiscal year.
Institutional Trading of CoreWeave
Several hedge funds have recently added to or reduced their stakes in CRWV. Sivia Capital Partners LLC bought a new stake in CoreWeave during the 2nd quarter valued at approximately $39,824,000. Quantbot Technologies LP bought a new stake in CoreWeave during the 2nd quarter valued at approximately $311,000. Invesco Ltd. bought a new stake in CoreWeave during the 2nd quarter valued at approximately $882,000. First Trust Advisors LP bought a new stake in CoreWeave during the 2nd quarter valued at approximately $20,260,000. Finally, Baird Financial Group Inc. bought a new stake in CoreWeave during the 2nd quarter valued at approximately $455,000.
Wall Street Analysts Forecast Growth
CRWV has been the subject of several recent analyst reports. Barclays upped their price target on CoreWeave from $106.00 to $120.00 and gave the stock an "equal weight" rating in a research note on Monday, May 11th. Citigroup upped their price target on CoreWeave from $155.00 to $158.00 and gave the stock a "buy" rating in a research note on Thursday, May 14th. Sanford C. Bernstein upped their price target on CoreWeave from $56.00 to $67.00 and gave the stock an "underperform" rating in a research note on Tuesday, April 14th. Cantor Fitzgerald upped their price target on CoreWeave from $156.00 to $167.00 and gave the stock an "overweight" rating in a research note on Monday, May 11th. Finally, Jefferies Financial Group upped their price target on CoreWeave from $120.00 to $160.00 and gave the stock a "buy" rating in a research note on Monday, May 4th. Nineteen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $129.63.
Read Our Latest Stock Analysis on CoreWeave
Key Stories Impacting CoreWeave
Here are the key news stories impacting CoreWeave this week:
- Positive Sentiment: CoreWeave announced that CFO Nitin Agrawal will present at the Jefferies Software, Internet, and AI Conference on May 27, which keeps the company visible to investors and may reinforce the bullish AI growth narrative. CoreWeave to Participate in the Jefferies Software, Internet, and AI Conference
- Positive Sentiment: New coverage highlighted CoreWeave’s partnership with Pulumi, which ties its GPU cloud more tightly into AI developer workflows and could make the platform stickier for enterprise customers. CoreWeave Pulumi Deal Ties GPU Cloud To AI Developer Workflows
- Positive Sentiment: Several bullish articles continue to frame CoreWeave as a major beneficiary of AI infrastructure spending, citing strong revenue growth, a large backlog, and a new expanded AI infrastructure agreement with Meta. CoreWeave Scores Big With Meta — We See 66% Upside
- Neutral Sentiment: Market commentary comparing CoreWeave with Oracle and other AI infrastructure names may keep the stock in focus, but it does not add a clear new catalyst by itself. CoreWeave vs. Oracle: Which AI Infrastructure Stock is the Better Pick?
- Negative Sentiment: Insider selling remains a headwind, with CEO Michael Intrator and insider Brian Venturo both selling shares this week, which can weigh on investor confidence despite the trades being under pre-arranged 10b5-1 plans. CoreWeave insider trading filing
- Negative Sentiment: Recent analyst and media commentary has also been cautious, pointing to CoreWeave’s leverage, losses, and valuation risk, which helps explain why the stock has faced selling pressure despite strong AI demand. As AI infrastructure heats up, stay on the sidelines with CoreWeave stock
About CoreWeave
(
Get Free Report)
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.
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