Brannin Mcbee Sells 56,707 Shares of CoreWeave (NASDAQ:CRWV) Stock

CoreWeave Inc. (NASDAQ:CRWV) insider Brannin Mcbee sold 56,707 shares of CoreWeave stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $95.69, for a total transaction of $5,426,292.83. Following the completion of the sale, the insider owned 323,263 shares of the company’s stock, valued at $30,933,036.47. This represents a 14.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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.

Brannin Mcbee also recently made the following trade(s):

• On Monday, June 29th, Brannin Mcbee sold 50,000 shares of CoreWeave stock. The stock was sold at an average price of $94.32, for a total value of $4,716,000.00.
• On Monday, June 29th, Brannin Mcbee sold 144,000 shares of CoreWeave stock. The stock was sold at an average price of $94.32, for a total value of $13,582,080.00.
• On Monday, June 29th, Brannin Mcbee sold 55,500 shares of CoreWeave stock. The shares were sold at an average price of $94.32, for a total value of $5,234,760.00.
• On Monday, June 29th, Brannin Mcbee sold 500 shares of CoreWeave stock. The shares were sold at an average price of $94.32, for a total value of $47,160.00.
• On Monday, June 22nd, Brannin Mcbee sold 25,000 shares of CoreWeave stock. The shares were sold at an average price of $111.28, for a total value of $2,782,000.00.
• On Monday, June 22nd, Brannin Mcbee sold 144,000 shares of CoreWeave stock. The stock was sold at an average price of $111.28, for a total transaction of $16,024,320.00.
• On Monday, June 22nd, Brannin Mcbee sold 28,000 shares of CoreWeave stock. The stock was sold at an average price of $111.28, for a total transaction of $3,115,840.00.
• On Monday, June 22nd, Brannin Mcbee sold 52,500 shares of CoreWeave stock. The shares were sold at an average price of $111.28, for a total value of $5,842,200.00.
• On Monday, June 22nd, Brannin Mcbee sold 500 shares of CoreWeave stock. The shares were sold at an average price of $111.27, for a total value of $55,635.00.
• On Monday, June 15th, Brannin Mcbee sold 53,500 shares of CoreWeave stock. The stock was sold at an average price of $107.30, for a total transaction of $5,740,550.00.

CoreWeave Trading Down 4.6%

Shares of CRWV stock opened at $81.75 on Friday. CoreWeave Inc. has a 52-week low of $63.80 and a 52-week high of $166.22. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.31 and a current ratio of 0.31. The firm has a market capitalization of $36.59 billion, a PE ratio of -26.29 and a beta of 7.17. The stock has a fifty day simple moving average of $108.29 and a two-hundred day simple moving average of $94.80.

CoreWeave (NASDAQ:CRWV) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($1.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.17) by ($0.23). The company had revenue of $2.08 billion during the quarter. CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. The business’s revenue was up 111.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.60) EPS. On average, analysts predict that CoreWeave Inc. will post -4.57 EPS for the current fiscal year.

Key CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Rosenblatt Securities reaffirmed a buy rating on CoreWeave, signaling that at least some analysts still see meaningful upside despite the selloff. Coreweave Sell-off Sparks Buying Opportunity, Analyst Says Meta Fears Are Overblown
• Positive Sentiment: Supportive commentary argued the Meta-driven selloff may be overdone because CoreWeave still has a massive AI backlog and continued demand for compute capacity. CoreWeave (CRWV) Stock May Still Look Cheap Following Record AI Backlog
• Neutral Sentiment: CoreWeave launched ARIA, an AI research agent in Weights & Biases designed to automate analysis and speed model iteration, which is a product-positive update but not a major near-term stock catalyst. CoreWeave Unveils ARIA to Accelerate AI Research and Agent Development
• Neutral Sentiment: CoreWeave expanded its Livingston headquarters, a sign of continued growth, but the news is not enough to offset the current investor concern around competition and valuation. CoreWeave Expands HQ with Additional 31,000 SF in Livingston
• Negative Sentiment: Meta’s reported plan to sell excess AI compute has intensified fears that large hyperscalers could compete directly with CoreWeave, driving concern over future pricing power and customer retention. Stock Market Today, July 1: CoreWeave Stock Tumbles as Meta Cloud Report Raises Customer Concerns
• Negative Sentiment: Multiple reports highlighted CoreWeave’s heavy debt load and recent insider selling, adding to worries that the stock’s valuation may be vulnerable if growth expectations cool. CoreWeave Just Slipped Under $50 Billion. Is the Debt Finally Catching Up?

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Evercore restated an “outperform” rating and issued a $150.00 target price on shares of CoreWeave in a research note on Wednesday, April 15th. DA Davidson reiterated a “neutral” rating and issued a $100.00 price target (down from $175.00) on shares of CoreWeave in a report on Monday, May 18th. Barclays increased their price objective on CoreWeave from $106.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Monday, May 11th. Cantor Fitzgerald restated an “overweight” rating and set a $167.00 price objective on shares of CoreWeave in a report on Thursday, June 11th. Finally, Roth Mkm reaffirmed a “buy” rating and set a $150.00 target price on shares of CoreWeave in a research report on Friday, May 8th. Twenty-one investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $135.00.

Hedge Funds Weigh In On CoreWeave

A number of institutional investors have recently bought and sold shares of CRWV. Cornerstone Planning Group LLC raised its position in shares of CoreWeave by 272.8% in the fourth quarter. Cornerstone Planning Group LLC now owns 343 shares of the company’s stock worth $25,000 after acquiring an additional 251 shares during the period. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of CoreWeave during the third quarter worth approximately $27,000. Cullen Frost Bankers Inc. increased its position in shares of CoreWeave by 45.8% during the fourth quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock worth $28,000 after purchasing an additional 121 shares in the last quarter. Greenline Wealth Management LLC acquired a new position in CoreWeave in the 4th quarter valued at $28,000. Finally, Peterson Wealth Services raised its stake in CoreWeave by 153.1% in the 1st quarter. Peterson Wealth Services now owns 405 shares of the company’s stock valued at $31,000 after purchasing an additional 245 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.