Key Points
- CoreWeave insider Kristen McVeety sold 156,000 shares for approximately $12.7 million at an average price of $81.63, reducing her direct stake by 55.85% to 123,313 shares. The transaction was conducted under a pre-arranged Rule 10b5-1 plan.
- CoreWeave reported 112.5% year-over-year revenue growth to $2.58 billion and narrowed its quarterly loss relative to analyst expectations, but it remains unprofitable with a negative net margin and substantial leverage.
- Analysts maintain a generally positive view, with a “Moderate Buy” consensus and an average price target of $141.90, although high interest expense, additional insider selling and concerns about potentially unsustainable AI infrastructure spending remain key risks.
CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) insider Kristen Mcveety sold 156,000 shares of CoreWeave stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $81.63, for a total value of $12,734,280.00. Following the completion of the sale, the insider directly owned 123,313 shares in the company, valued at approximately $10,066,040.19. This represents a 55.85% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
CoreWeave Stock Performance
CRWV opened at $84.56 on Friday. The business's 50-day simple moving average is $85.47 and its 200 day simple moving average is $94.43. CoreWeave Inc. has a 52-week low of $60.55 and a 52-week high of $153.20. The company has a debt-to-equity ratio of 5.53, a quick ratio of 0.46 and a current ratio of 0.46. The firm has a market capitalization of $38.80 billion, a PE ratio of -23.17 and a beta of 7.45.
CoreWeave (NASDAQ:CRWV - Get Free Report) last posted its quarterly earnings results on Tuesday, August 11th. The company reported ($1.14) earnings per share for the quarter, beating analysts' consensus estimates of ($1.52) by $0.38. The firm had revenue of $2.58 billion during the quarter. CoreWeave had a negative return on equity of 47.95% and a negative net margin of 25.41%.The firm's revenue for the quarter was up 112.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.27) earnings per share. As a group, sell-side analysts expect that CoreWeave Inc. will post -5.19 earnings per share for the current fiscal year.
Key Stories Impacting CoreWeave
Here are the key news stories impacting CoreWeave this week:
- Positive Sentiment: CoreWeave’s second-quarter revenue more than doubled year over year, supporting optimism about demand for its AI cloud-computing services. Improving sentiment toward AI stocks also helped the shares rebound during August. Why CoreWeave Stock Gained 18% in August
- Positive Sentiment: Management has reduced CoreWeave’s weighted-average borrowing cost by nearly 300 basis points, which could help offset the company’s heavy financing burden over time. CoreWeave’s Interest Expense Hit $640 Million Last Quarter
- Neutral Sentiment: OpenAI CEO Sam Altman warned that spending and expansion plans among emerging “neocloud” companies may be unsustainable. The comments increase scrutiny of CoreWeave’s growth plans and the broader AI-compute investment cycle. Sam Altman Sees “Unsustainable Silliness” in AI Compute Spending
- Negative Sentiment: CEO Michael N. Intrator sold 307,692 shares for approximately $25.1 million, while insider Kristen J. McVeety sold 156,000 shares for about $12.7 million. All sales were made under pre-arranged Rule 10b5-1 plans, reducing their value as a direct signal of current management sentiment, but the sizable transactions may still weigh on investor confidence.
- Negative Sentiment: CoreWeave’s interest expense reached $640 million in the latest quarter—nearly four times operating income according to the analysis—highlighting risks from its highly leveraged expansion and potentially limiting future profitability. CoreWeave’s Interest Bill Is Nearly 4x Operating Income
- Negative Sentiment: Growing use of AI agents could make neocloud providers attractive cybersecurity targets, creating additional operational and reputational risks for CoreWeave. AI Agents Could Turn Neoclouds Into Cybersecurity Targets
Wall Street Analysts Forecast Growth
CRWV has been the topic of a number of recent analyst reports. Roth Capital set a $145.00 target price on shares of CoreWeave in a report on Thursday, August 13th. Needham & Company LLC reissued a "hold" rating on shares of CoreWeave in a research report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $150.00 price objective on shares of CoreWeave in a research note on Friday, August 7th. Citigroup raised their target price on shares of CoreWeave from $142.00 to $159.00 and gave the company a "buy" rating in a research note on Friday, August 14th. Finally, TD Cowen upgraded CoreWeave to a "buy" rating in a report on Wednesday, July 22nd. Twenty-one equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $141.90.
Check Out Our Latest Research Report on CoreWeave
Hedge Funds Weigh In On CoreWeave
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CRWV. California State Teachers Retirement System raised its position in shares of CoreWeave by 12,886.8% in the second quarter. California State Teachers Retirement System now owns 41,559,344 shares of the company's stock valued at $4,136,817,000 after purchasing an additional 41,239,333 shares during the period. Proficio Capital Partners LLC grew its stake in CoreWeave by 446,194.0% in the 3rd quarter. Proficio Capital Partners LLC now owns 17,851,760 shares of the company's stock valued at $2,443,013,000 after buying an additional 17,847,760 shares during the last quarter. Alyeska Investment Group L.P. grew its stake in CoreWeave by 55.7% in the 2nd quarter. Alyeska Investment Group L.P. now owns 10,891,267 shares of the company's stock valued at $1,084,117,000 after buying an additional 3,897,741 shares during the last quarter. Deutsche Bank AG raised its holdings in CoreWeave by 22,624.0% in the 4th quarter. Deutsche Bank AG now owns 3,812,856 shares of the company's stock valued at $273,039,000 after acquiring an additional 3,796,077 shares during the period. Finally, Altimeter Capital Management LP bought a new position in CoreWeave in the 4th quarter valued at about $230,099,000.
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.
Featured Articles
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].
