Key Points
- Insider sale: CRO Jonathan Jones sold 15,811 CoreWeave shares at an average price of $80.36, generating about $1.27 million. The transaction was made under a pre-arranged Rule 10b5-1 plan to cover tax obligations, leaving him with 26,961 shares.
- Stock and business performance: CoreWeave shares opened at $65.78, well below their 50-day and 200-day moving averages. The company reported quarterly revenue of $2.58 billion, up 112.5% year over year, and exceeded analysts’ EPS expectations despite remaining unprofitable.
- Risk and outlook: Analysts maintain a “Moderate Buy” consensus with an average price target of $140.64, but CoreWeave faces substantial leverage, bond yields nearing 15%, customer-concentration concerns and questions about whether it can convert its reported $104 billion backlog into revenue.
CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) CRO Jonathan Jones sold 15,811 shares of the firm's stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $80.36, for a total value of $1,270,571.96. Following the completion of the sale, the executive directly owned 26,961 shares in the company, valued at $2,166,585.96. The trade was a 36.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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.
Jonathan Jones also recently made the following trade(s):
- On Tuesday, October 13th, Jonathan Jones sold 21,569 shares of CoreWeave stock. The shares were sold at an average price of $77.42, for a total value of $1,669,871.98.
CoreWeave Trading Down 15.5%
CRWV opened at $65.78 on Thursday. The business has a 50 day simple moving average of $87.91 and a two-hundred day simple moving average of $94.69. The firm has a market capitalization of $30.18 billion, a price-to-earnings ratio of -18.02 and a beta of 7.36. The company has a debt-to-equity ratio of 5.53, a current ratio of 0.46 and a quick ratio of 0.46. CoreWeave Inc. has a one year low of $60.55 and a one year high of $150.40.
CoreWeave (NASDAQ:CRWV - Get Free Report) last released its quarterly earnings data on Tuesday, August 11th. The company reported ($1.14) earnings per share for the quarter, topping the consensus estimate of ($1.52) by $0.38. The business 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 company's quarterly revenue was up 112.5% compared to the same quarter last year. During the same quarter last year, the business posted ($0.27) EPS. Analysts predict that CoreWeave Inc. will post -5.19 EPS for the current year.
More CoreWeave News
Here are the key news stories impacting CoreWeave this week:
- Positive Sentiment: CoreWeave’s CEO sought to reassure employees and investors by highlighting a strong backlog, reportedly valued at approximately $104 billion. Analysts note that demand for AI computing remains robust, although converting that backlog into revenue depends on the company’s ability to build data-center capacity. CoreWeave CEO notes strong backlog in memo to reassure staff over market scrutiny
- Positive Sentiment: Some bullish commentary argues that CoreWeave’s backlog and rapid growth could support substantial long-term upside, while a recent convertible-bond offering may reduce interest costs. However, potential dilution and execution risks remain. CoreWeave: Asymmetric Risk-Reward as $104 Billion Backlog Underpins Growth
- Neutral Sentiment: Investor attention also turned to OpenAI’s reported $50 billion revenue run rate, which could signal continued demand for CoreWeave’s AI infrastructure but also highlights the company’s exposure to a concentrated customer and industry ecosystem. What Does OpenAI’s $50 Billion Run Rate Mean for CoreWeave Stock?
- Negative Sentiment: Yields on CoreWeave’s bonds approached 15%, signaling that creditors view the highly leveraged AI infrastructure model as increasingly risky. The company’s debt-to-equity ratio is already elevated, and higher borrowing costs could delay profitability or require additional capital. CoreWeave shares tumble as bond yields near 15% on concern about AI borrowing binge
- Negative Sentiment: Gartner warned that as many as 80% of neocloud companies could disappear by 2030, intensifying concerns about competition, customer concentration and the long-term viability of specialized AI cloud providers. Stock Market Today, Oct. 14: CoreWeave Plummets on Gartner Neocloud Warning and Bond Yield Surge
- Negative Sentiment: Bearish commentary, including a warning that CoreWeave’s equity could be wiped out if AI spending weakens, further damaged sentiment. Traders also bought “bubble puts,” reflecting expectations for additional downside, while Elon Musk’s “Yikes” response drew attention to the bond-market stress. CoreWeave Stock Could Go to Zero if AI Boom Falters
Institutional Trading of CoreWeave
Institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp raised its position in shares of CoreWeave by 139.7% in the 2nd quarter. State Street Corp now owns 7,058,846 shares of the company's stock worth $702,638,000 after acquiring an additional 4,113,873 shares in the last quarter. Alyeska Investment Group L.P. lifted its stake in shares of 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 purchasing an additional 3,897,741 shares during the period. Altimeter Capital Management LP purchased a new position in shares of CoreWeave in the 4th quarter valued at approximately $230,099,000. Amundi lifted its stake in shares of CoreWeave by 266.2% in the 1st quarter. Amundi now owns 3,284,121 shares of the company's stock valued at $254,421,000 after purchasing an additional 2,387,337 shares during the period. Finally, Altshuler Shaham Ltd boosted its position in shares of CoreWeave by 9,369.1% during the fourth quarter. Altshuler Shaham Ltd now owns 2,010,676 shares of the company's stock valued at $143,985,000 after purchasing an additional 1,989,442 shares in the last quarter.
Analysts Set New Price Targets
CRWV has been the subject of a number of research analyst reports. Btg Pactual set a $125.00 price target on CoreWeave in a research note on Monday, September 21st. Roth Capital set a $145.00 price target on shares of CoreWeave in a report on Thursday, August 13th. Wells Fargo & Company lifted their price target on shares of CoreWeave from $155.00 to $160.00 and gave the company an "overweight" rating in a report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $150.00 price objective on shares of CoreWeave in a research report on Friday, August 7th. Finally, Citigroup upped their price objective on shares of CoreWeave from $142.00 to $159.00 and gave the stock a "buy" rating in a report on Friday, August 14th. Twenty-three equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $140.64.
Read Our Latest Report on CoreWeave
CoreWeave Company Profile
(
Get Free Report)
CoreWeave, Inc is a specialized cloud computing provider focused on infrastructure for artificial intelligence, machine learning and other data-intensive workloads. The company offers access to accelerated computing resources, including graphics processing units (GPUs), alongside central processing units, high-performance storage, networking and data center capacity.
Its platform supports AI model training, fine-tuning and inference, as well as visual effects, rendering, scientific computing and other demanding applications.
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