CoreWeave (NASDAQ:CRWV) Stock Price Down 6.6% Following Insider Selling
by Doug Wharley · The Cerbat GemCoreWeave Inc. (NASDAQ:CRWV – Get Free Report)’s stock price fell 6.6% on Thursday after an insider sold shares in the company. The stock traded as low as $125.43 and last traded at $128.84. 36,008,327 shares traded hands during mid-day trading, an increase of 29% from the average session volume of 27,858,943 shares. The stock had previously closed at $137.98.
Specifically, major shareholder Magnetar Financial Llc sold 1,155,164 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $127.29, for a total transaction of $147,040,825.56. Following the completion of the sale, the insider directly owned 258,166 shares of the company’s stock, valued at $32,861,950.14. This trade represents a 81.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Magnetar Financial Llc sold 420,227 shares of the firm’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $127.29, for a total value of $53,490,694.83. Following the sale, the insider directly owned 726,283 shares of the company’s stock, valued at approximately $92,448,563.07. This represents a 36.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In other news, major shareholder Magnetar Financial Llc sold 978,764 shares of the firm’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $127.68, for a total transaction of $124,968,587.52. Following the completion of the sale, the insider directly owned 253,167 shares of the company’s stock, valued at $32,324,362.56. This trade represents a 79.45% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Analyst Ratings Changes
Several brokerages have recently issued reports on CRWV. Needham & Company LLC reaffirmed a “hold” rating on shares of CoreWeave in a research report on Friday, February 27th. The Goldman Sachs Group began coverage on CoreWeave in a research report on Monday, January 12th. They set a “neutral” rating and a $86.00 target price for the company. HC Wainwright reaffirmed a “buy” rating and set a $180.00 target price on shares of CoreWeave in a research report on Monday, March 2nd. Barclays raised their target price on CoreWeave from $90.00 to $106.00 and gave the company an “equal weight” rating in a research report on Monday, April 20th. Finally, Bank of America raised CoreWeave from a “neutral” rating to a “buy” rating and set a $100.00 price objective for the company in a report on Tuesday, March 24th. Twenty research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $127.94.
View Our Latest Analysis on CoreWeave
CoreWeave News Summary
Here are the key news stories impacting CoreWeave this week:
- Positive Sentiment: Citi analyst bullish ahead of earnings, arguing the stock could outperform into the report based on strong demand and order momentum. Read More.
- Positive Sentiment: Report that CoreWeave has drawn roughly $15 billion in customer orders tied to a $3.1 billion AI loan — suggests a large backlog and sustained hyperscaler demand that supports revenue upside if bookings convert. Read More.
- Positive Sentiment: Product expansion: CoreWeave broadened its SUNK capabilities to simplify large‑scale AI training across multi‑cloud and on‑prem, which can improve customer stickiness and addressable market. Read More.
- Positive Sentiment: Multiple analyst previews and technical writeups are bullish entering earnings, calling for record revenue and continuation of the post‑IPO beat streak — a positive earnings surprise could reverse recent weakness. Read More.
- Neutral Sentiment: Coverage and previews note the binary risk: very strong top‑line growth but heavy capex, leverage and margin pressure — the market reaction will hinge on guidance and margin commentary. Read More.
- Negative Sentiment: Major shareholder Magnetar executed multiple material share sales across May 4–5, substantially reducing its position — large block sales are likely contributing to downward pressure ahead of earnings. Read More.
- Negative Sentiment: Insider and institutional trimming: CEO Brian Venturo sold 375,000 shares under a pre‑arranged 10b5‑1 plan and ARK funds also trimmed holdings — increases near‑term free float and may amplify volatility despite procedural caveats. Read More.
CoreWeave Trading Down 6.6%
The firm has a fifty day moving average of $93.59 and a two-hundred day moving average of $92.40. The company has a market cap of $57.07 billion, a PE ratio of -40.26 and a beta of 7.84. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 4.46.
CoreWeave (NASDAQ:CRWV – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($1.40) earnings per share for the quarter. CoreWeave had a negative return on equity of 33.82% and a negative net margin of 22.75%.The firm had revenue of $2.08 billion during the quarter. As a group, sell-side analysts predict that CoreWeave Inc. will post -4.15 EPS for the current year.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC boosted its position in shares of CoreWeave by 4.0% during the 1st quarter. Parallel Advisors LLC now owns 2,340 shares of the company’s stock valued at $181,000 after acquiring an additional 91 shares during the last quarter. Azzad Asset Management Inc. ADV boosted its position in shares of CoreWeave by 2.1% during the 1st quarter. Azzad Asset Management Inc. ADV now owns 5,020 shares of the company’s stock valued at $389,000 after acquiring an additional 104 shares during the last quarter. Hazlett Burt & Watson Inc. boosted its position in shares of CoreWeave by 34.7% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 462 shares of the company’s stock valued at $33,000 after acquiring an additional 119 shares during the last quarter. Chilton Capital Management LLC boosted its position in shares of CoreWeave by 50.2% during the 3rd quarter. Chilton Capital Management LLC now owns 362 shares of the company’s stock valued at $50,000 after acquiring an additional 121 shares during the last quarter. Finally, Cullen Frost Bankers Inc. boosted its position in shares of CoreWeave by 45.8% during the 4th quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock valued at $28,000 after acquiring an additional 121 shares during the last quarter.
About CoreWeave
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.