Key Points
- CoreWeave insider Jeff Baker sold 6,670 shares at an average price of $61.16, totaling $407,937.20. The sale was made to cover tax withholding related to vested equity awards, leaving him with 14,170 shares.
- CoreWeave shares opened at $54.87, near their 52-week low of $51.24 and well below the 50-day and 200-day moving averages. The company reported $2.58 billion in quarterly revenue, up 112.5% year over year, but remained unprofitable.
- Analysts maintain a consensus “Moderate Buy” rating with a $130.24 price target, although concerns persist about CoreWeave’s heavy debt, customer concentration and exposure to slowing AI infrastructure spending.
CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) insider Jeff Baker sold 6,670 shares of CoreWeave stock in a transaction on Thursday, October 29th. The stock was sold at an average price of $61.16, for a total transaction of $407,937.20. Following the transaction, the insider directly owned 14,170 shares in the company, valued at $866,637.20. This represents a 32.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 Wednesday, September 30th, Jeff Baker sold 5 shares of CoreWeave stock. The stock was sold at an average price of $87.69, for a total value of $438.45.
- On Thursday, August 20th, Jeff Baker sold 1,256 shares of CoreWeave stock. The stock was sold at an average price of $91.88, for a total value of $115,401.28.
CoreWeave Price Performance
Shares of NASDAQ CRWV opened at $54.87 on Friday. The stock has a fifty day moving average of $79.45 and a 200-day moving average of $91.02. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 5.53. CoreWeave Inc. has a fifty-two week low of $51.24 and a fifty-two week high of $138.36.
CoreWeave (NASDAQ:CRWV - Get Free Report) last announced its earnings results on Tuesday, August 11th. The company reported ($1.14) earnings per share for the quarter, topping analysts' consensus estimates of ($1.52) by $0.38. CoreWeave had a negative return on equity of 47.95% and a negative net margin of 25.41%. The business had revenue of $2.58 billion for the quarter. During the same quarter in the prior year, the company earned ($0.27) earnings per share. CoreWeave's revenue was up 112.5% compared to the same quarter last year. Sell-side analysts forecast that CoreWeave Inc. will post -4.97 EPS for the current fiscal year.
CoreWeave News Roundup
Here are the key news stories impacting CoreWeave this week:
- Positive Sentiment: CoreWeave is adding AI-cloud capacity in Denmark and building a dedicated backbone connecting Europe with customers in the Middle East and Asia-Pacific. Management says the expanded platform will serve enterprise AI clients across four continents, supporting the company’s long-term growth strategy. CoreWeave Adds Denmark Capacity to Its Global AI Cloud Platform
- Positive Sentiment: A bullish investment analysis highlights CoreWeave’s potentially rapid growth as demand for AI computing expands, though the opportunity is framed as most suitable for aggressive investors because of the company’s risk profile. CoreWeave’s Meteoric Growth Potential
- Neutral Sentiment: Analysts continue to rate CoreWeave around “Moderate Buy,” while comparisons with Microsoft emphasize CRWV’s greater upside potential but also substantially higher risk, debt and concentration. CoreWeave Rated Moderate Buy
- Negative Sentiment: AI-cloud stocks sold off as investors questioned whether major technology companies will continue spending aggressively on outside computing capacity. Microsoft’s lower-than-expected capital expenditures intensified concerns about AI infrastructure demand, data-center delivery timelines and future revenue growth for neocloud providers. Why Neocloud Stocks Are Falling After Microsoft’s Capex Miss
- Negative Sentiment: Comments attributed to Microsoft CEO Satya Nadella criticizing business models dependent on renting AI capacity to a small number of large customers raised concerns about CoreWeave’s customer concentration and business durability. Satya Nadella Just Took a Shot at Oracle and CoreWeave
- Negative Sentiment: Reports that CoreWeave’s debt prices have weakened sharply are fueling fears about refinancing and potential default risk. The company’s leveraged balance sheet makes higher interest costs, slower customer demand or delayed data-center deployments particularly damaging. Elon Musk vs. Jensen Huang: Who Is Right About CoreWeave?
- Negative Sentiment: A shareholder litigation firm said it is investigating potential claims involving CoreWeave’s officers and directors, adding a legal and reputational risk overhang. Investor Action Notice Regarding CoreWeave
Hedge Funds Weigh In On CoreWeave
A number of institutional investors have recently bought and sold shares of CRWV. Public Employees Retirement System of Ohio purchased a new position in shares of CoreWeave during the 2nd quarter worth approximately $15,543,000. California State Teachers Retirement System raised its position in shares of CoreWeave by 25.5% in the 1st quarter. California State Teachers Retirement System now owns 320,011 shares of the company's stock worth $24,791,000 after acquiring an additional 64,960 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of CoreWeave by 12.6% in the 1st quarter. Bank of New York Mellon Corp now owns 353,702 shares of the company's stock worth $27,401,000 after acquiring an additional 39,599 shares in the last quarter. Ardmore Road Asset Management LP lifted its stake in shares of CoreWeave by 3,410.0% in the 1st quarter. Ardmore Road Asset Management LP now owns 351,000 shares of the company's stock valued at $27,192,000 after purchasing an additional 341,000 shares during the period. Finally, TD Waterhouse Canada Inc. lifted its stake in shares of CoreWeave by 30.6% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 73,470 shares of the company's stock valued at $7,313,000 after purchasing an additional 17,196 shares during the period.
Analyst Ratings Changes
A number of analysts have recently weighed in on the stock. The Goldman Sachs Group upgraded shares of CoreWeave from a "neutral" rating to a "buy" rating and set a $106.00 target price for the company in a report on Monday, October 19th. Northland Securities set a $200.00 price target on CoreWeave in a report on Wednesday, October 7th. Mizuho lowered their price target on CoreWeave from $115.00 to $88.00 and set a "neutral" rating for the company in a research report on Thursday, October 15th. Rothschild & Co Redburn began coverage on CoreWeave in a research report on Monday, September 21st. They set a "sell" rating and a $54.00 price target for the company. Finally, Btg Pactual set a $125.00 price objective on CoreWeave in a report on Monday, September 21st. Twenty-seven investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $130.24.
Check Out Our Latest Stock Report on CoreWeave
CoreWeave Company Profile
(
Get Free Report)
CoreWeave, Inc is a specialized cloud computing company that provides infrastructure designed for artificial intelligence (AI), machine learning, and other high-performance computing workloads. Its platform gives customers access to accelerated computing resources, including graphics processing units (GPUs), along with the networking, storage, and software tools needed to develop, train, and deploy demanding applications.
The company offers cloud services for AI model training and inference, visual effects and rendering, scientific computing, and other data-intensive workloads.
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].
