Kristen Mcveety Sells 3,980 Shares of CoreWeave (NASDAQ:CRWV) Stock
by Mitch Edgeman · The Markets DailyCoreWeave Inc. (NASDAQ:CRWV – Get Free Report) insider Kristen Mcveety sold 3,980 shares of the firm’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $91.88, for a total value of $365,682.40. Following the sale, the insider owned 125,413 shares in the company, valued at $11,522,946.44. This trade represents a 3.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
CoreWeave Stock Performance
CoreWeave stock opened at $87.85 on Friday. The firm has a market capitalization of $40.31 billion, a P/E ratio of -24.07 and a beta of 7.44. The stock has a fifty day moving average price of $89.99 and a 200 day moving average price of $94.74. CoreWeave Inc. has a 52 week low of $60.55 and a 52 week high of $153.20. 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 (NASDAQ:CRWV – Get Free Report) last released its earnings results 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. CoreWeave had a negative return on equity of 47.95% and a negative net margin of 25.41%.The firm had revenue of $2.58 billion for the quarter. During the same quarter last year, the company posted ($0.27) earnings per share. The business’s quarterly revenue was up 112.5% compared to the same quarter last year. Equities research analysts anticipate that CoreWeave Inc. will post -5.17 earnings per share for the current year.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on CRWV shares. Barclays raised their target price on shares of CoreWeave from $90.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $150.00 price target on shares of CoreWeave in a research report on Friday, August 7th. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price target on shares of CoreWeave in a research note on Wednesday, August 12th. BNP Paribas Exane initiated coverage on shares of CoreWeave in a report on Tuesday, June 2nd. They issued an “outperform” rating and a $192.00 price target on the stock. Finally, The Goldman Sachs Group boosted their price objective on shares of CoreWeave from $121.00 to $139.00 and gave the company a “neutral” rating in a research note on Friday. Twenty-one research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $141.57.
Check Out Our Latest Analysis on CRWV
Key Stories Impacting CoreWeave
Here are the key news stories impacting CoreWeave this week:
- Positive Sentiment: CoreWeave announced a multiyear agreement with Hudson River Trading (HRT) to provide AI infrastructure for trading research and model development. The deal reportedly could be worth billions and will use NVIDIA’s next-generation Vera Rubin NVL72 platform and Spectrum-X networking, expanding CoreWeave’s exposure to financial-services customers and supporting demand visibility. Hudson River Trading agreement
- Positive Sentiment: Analysts continue to point to CoreWeave’s powerful growth: recent quarterly revenue rose 112.5% year over year to $2.58 billion, while its backlog reached more than $104 billion. A bullish research view cited improving margins, operating leverage and strong AI demand, although it acknowledged capital-intensity risks. CoreWeave growth and valuation analysis
- Neutral Sentiment: Short seller Martin Shkreli reportedly covered his CoreWeave position after holding it for roughly a week. The move removes one source of short-selling pressure but is not necessarily a bullish signal, particularly as the stock continued to face broader volatility. Martin Shkreli covers CoreWeave short
- Negative Sentiment: CEO Michael Intrator sold 307,692 shares for approximately $29.5 million at an average price of $95.72. The sales were made under a pre-arranged Rule 10b5-1 plan, and he still owns a significant stake, but the size of the transaction weighed on sentiment and raised concerns about insider selling. CoreWeave CEO share sale
- Negative Sentiment: Bearish commentary argues that CoreWeave’s highly leveraged business model could struggle if AI infrastructure spending slows, capacity becomes excessive or interest rates remain elevated. With a debt-to-equity ratio above 5 and negative earnings, investors remain sensitive to funding costs, dilution risk and the company’s path to profitability. CoreWeave leverage and market risks
- Negative Sentiment: Northland Securities’ estimates show continued losses through 2027, including projected fiscal 2026 EPS of negative $5.50 and fiscal 2027 EPS of negative $3.18, although the firm expects a return to quarterly profitability in the fourth quarter of 2027. CoreWeave analyst estimates
Hedge Funds Weigh In On CoreWeave
Hedge funds and other institutional investors have recently modified their holdings of the company. Sivia Capital Partners LLC purchased a new stake in shares of CoreWeave during the 2nd quarter worth about $39,824,000. Quantbot Technologies LP acquired a new stake in CoreWeave during the 2nd quarter worth approximately $311,000. Invesco Ltd. purchased a new position in CoreWeave in the second quarter valued at approximately $882,000. First Trust Advisors LP purchased a new position in CoreWeave in the second quarter valued at approximately $20,260,000. Finally, Baird Financial Group Inc. acquired a new position in CoreWeave during the second quarter valued at approximately $455,000.
CoreWeave Company Profile
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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