Insider Selling: CoreWeave (NASDAQ:CRWV) Insider Sells $5,426,292.83 in Stock

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) insider Brannin Mcbee sold 56,707 shares of the business's stock in a transaction that occurred on 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 directly owned 323,263 shares in the company, valued at approximately $30,933,036.47. This trade represents a 14.92% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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.

• CoreWeave Insider Sales Look Big, But Should Investors Worry?

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

• On Monday, June 29th, Brannin Mcbee sold 50,000 shares of CoreWeave stock. The stock was sold at an average price of $94.32, for a total transaction of $4,716,000.00.
• On Monday, June 29th, Brannin Mcbee sold 144,000 shares of CoreWeave stock. The shares were sold at an average price of $94.32, for a total transaction 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 transaction of $47,160.00.
• On Monday, June 22nd, Brannin Mcbee sold 25,000 shares of CoreWeave stock. The stock was 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 stock was sold at an average price of $111.28, for a total value of $16,024,320.00.
• 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 shares were sold at an average price of $111.28, for a total value of $5,842,200.00.
• On Monday, June 22nd, Brannin Mcbee sold 500 shares of CoreWeave stock. The stock was sold at an average price of $111.27, for a total value 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 value of $5,740,550.00.

CoreWeave Stock Down 13.9%

---

---

CRWV stock opened at $85.68 on Thursday. 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 market capitalization of $38.35 billion, a PE ratio of -27.55 and a beta of 7.14. CoreWeave Inc. has a twelve month low of $63.80 and a twelve month high of $166.22. The stock has a 50-day simple moving average of $108.96 and a two-hundred day simple moving average of $94.78.

• Applied Digital Is Building a $36 Billion AI Real Estate Empire

CoreWeave (NASDAQ:CRWV - Get Free Report) last announced its quarterly 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 for the quarter. During the same quarter in the previous year, the company posted ($0.60) EPS. The firm's revenue for the quarter was up 111.6% on a year-over-year basis. On average, equities analysts predict that CoreWeave Inc. will post -4.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CRWV has been the topic of several recent analyst reports. Rosenblatt Securities initiated coverage on shares of CoreWeave in a research note on Thursday, June 25th. They issued a "buy" rating and a $250.00 target price on the stock. Sanford C. Bernstein reaffirmed an "underperform" rating on shares of CoreWeave in a report on Thursday, June 11th. Evercore reiterated an "outperform" rating and issued a $150.00 price objective on shares of CoreWeave in a research report on Wednesday, April 15th. Wells Fargo & Company increased their price objective on CoreWeave from $135.00 to $155.00 and gave the stock an "overweight" rating in a research report on Friday, May 8th. Finally, Truist Financial lifted 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. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $135.00.

• SpaceX Gets the Attention, But These 4 Stocks Could Get the Returns

View Our Latest Analysis on CoreWeave

Institutional Investors Weigh In On CoreWeave

Hedge funds have recently added to or reduced their stakes in the company. Western Wealth Management LLC bought a new position in shares of CoreWeave during the 1st quarter valued at about $300,000. Empowered Funds LLC lifted its position in CoreWeave by 4.1% in the 1st quarter. Empowered Funds LLC now owns 7,251 shares of the company's stock worth $562,000 after buying an additional 288 shares during the last quarter. NewEdge Advisors LLC boosted its stake in CoreWeave by 22.2% in the first quarter. NewEdge Advisors LLC now owns 59,155 shares of the company's stock worth $4,583,000 after buying an additional 10,731 shares in the last quarter. CTC Alternative Strategies Ltd. bought a new position in CoreWeave during the first quarter valued at approximately $852,000. Finally, Liontrust Investment Partners LLP grew its position in CoreWeave by 24.1% during the first quarter. Liontrust Investment Partners LLP now owns 127,752 shares of the company's stock valued at $9,897,000 after acquiring an additional 24,843 shares during the last quarter.

Trending Headlines about 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

CoreWeave Company Profile

(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.

Featured Articles

• Five stocks we like better than CoreWeave
• AirJoule Unveils Prime System, Clearing Path to Commercialization
• Copper Stocks Are Getting a Bigger Spotlight as Gold’s Rally Cracks
• Nike Q4 Beat Masks Core Weakness as Analysts Cut Price Targets
• Uber’s Waymo Detour Tests the Stock’s Robotaxi Bull Case

This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].