Key Points
- CoreWeave COO Sachin Jain sold 13,608 shares for approximately $1.25 million at an average price of $92.09. The filing said the transaction was intended to cover tax withholding on vested equity awards, leaving Jain with 147,785 shares.
- CoreWeave reported better-than-expected revenue and a narrower quarterly loss, with management citing strong AI demand and an approximately $104 billion backlog. Third-quarter revenue guidance of $3.5 billion to $3.6 billion also exceeded analyst expectations.
- Despite strong growth prospects, the company faces profitability, leverage and financing risks; its stock has a high beta of 7.44 and trades near $90. Analysts remain broadly positive, with a consensus “Moderate Buy” rating and average price target of $136.82.
CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) COO Sachin Jain sold 13,608 shares of the firm's stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $92.09, for a total transaction of $1,253,160.72. Following the completion of the transaction, the chief operating officer directly owned 147,785 shares in the company, valued at approximately $13,609,520.65. The trade was a 8.43% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Sachin Jain also recently made the following trade(s):
- On Tuesday, June 30th, Sachin Jain sold 3 shares of CoreWeave stock. The shares were sold at an average price of $95.69, for a total value of $287.07.
- On Monday, June 1st, Sachin Jain sold 3,798 shares of CoreWeave stock. The shares were sold at an average price of $120.00, for a total value of $455,760.00.
- On Thursday, May 28th, Sachin Jain sold 898 shares of CoreWeave stock. The stock was sold at an average price of $110.00, for a total value of $98,780.00.
- On Wednesday, May 20th, Sachin Jain sold 6,377 shares of CoreWeave stock. The shares were sold at an average price of $99.82, for a total value of $636,552.14.
CoreWeave Price Performance
CRWV opened at $90.32 on Wednesday. The company has a debt-to-equity ratio of 3.68, a current ratio of 0.31 and a quick ratio of 0.31. The company has a market capitalization of $40.42 billion, a price-to-earnings ratio of -29.04 and a beta of 7.44. The firm's fifty day moving average price is $90.50 and its two-hundred day moving average price is $94.73. CoreWeave Inc. has a 1 year low of $60.55 and a 1 year high of $153.20.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cornerstone Planning Group LLC raised its holdings in shares of CoreWeave by 272.8% in the 4th quarter. Cornerstone Planning Group LLC now owns 343 shares of the company's stock worth $25,000 after purchasing an additional 251 shares during the period. Cullen Frost Bankers Inc. increased its position in CoreWeave by 45.8% in the fourth quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company's stock worth $28,000 after buying an additional 121 shares during the last quarter. Greenline Wealth Management LLC purchased a new stake in CoreWeave in the fourth quarter worth $28,000. Essential Partners LLC bought a new stake in shares of CoreWeave in the second quarter valued at $30,000. Finally, Peterson Wealth Services raised its stake in shares of CoreWeave by 153.1% in the first quarter. Peterson Wealth Services now owns 405 shares of the company's stock valued at $31,000 after buying an additional 245 shares during the period.
Key Headlines Impacting CoreWeave
Here are the key news stories impacting CoreWeave this week:
- Positive Sentiment: Revenue and earnings beat expectations: CoreWeave reported a quarterly loss that was better than consensus estimates and exceeded revenue forecasts, easing concerns about the company’s ability to convert AI demand into financial results. CoreWeave Reports Q2 Loss, Beats Revenue Estimates
- Positive Sentiment: AI demand remains robust: Management highlighted accelerating demand for computing capacity, including business with Anthropic and Meta. CoreWeave’s reported order backlog reached roughly $104 billion, supporting expectations for significant future growth. CoreWeave Reports New Revenue High of $2.6 Billion as Sales Backlog Grows
- Positive Sentiment: Near-term revenue guidance topped expectations: Third-quarter revenue guidance of $3.5 billion to $3.6 billion was above the approximately $3.4 billion analyst consensus, reinforcing the company’s strong growth outlook.
- Positive Sentiment: Storage access supports expansion: A deal with Solidigm provides priority access to SSDs, helping CoreWeave address storage requirements as it expands its AI cloud infrastructure. CoreWeave’s Solidigm Deal
- Neutral Sentiment: Analyst views remain mixed: JPMorgan raised its price target to $110 but maintained a Neutral rating, while Jefferies reiterated a Buy rating and a $150 target. Shares are also consolidating near technical resistance around $92.
- Negative Sentiment: Profitability and financing remain risks: CoreWeave continues to post substantial losses and negative margins while investing heavily in data centers. Analysts expect a meaningful profitability improvement to remain several months away, and the company’s high leverage increases execution and financing risks.
- Negative Sentiment: Full-year outlook was less decisive: Fiscal 2026 revenue guidance of $12.4 billion to $13.2 billion brackets consensus near $12.6 billion, but its midpoint is slightly below expectations. Investors will continue watching whether capacity additions and spending can keep pace with the large backlog.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on CRWV. Weiss Ratings raised shares of CoreWeave from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Wednesday, June 24th. DA Davidson reissued a "neutral" rating and set a $100.00 target price (down from $175.00) on shares of CoreWeave in a research report on Monday, May 18th. Mizuho reduced their target price on CoreWeave from $110.00 to $100.00 and set a "neutral" rating for the company in a report on Wednesday, July 15th. Rosenblatt Securities reaffirmed a "buy" rating and set a $250.00 price target on shares of CoreWeave in a research report on Wednesday, August 5th. Finally, Piper Sandler initiated coverage on CoreWeave in a research report on Monday, August 3rd. They set an "overweight" rating and a $151.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $136.82.
Read Our Latest Stock Analysis on CoreWeave
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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