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Kristen J McVeety, General Counsel and Secretary at CoreWeave, Inc. (NASDAQ:CRWV), sold 2,231 shares of Class A Common Stock on November 20, 2025, for $82.55, totaling $184,169. The transaction occurred as CRWV shares have declined 7.4% over the past week and 33.3% over the last six months, despite posting a 79.1% gain year-to-date.
According to a Form 4 filing with the Securities and Exchange Commission, McVeety also exercised options to acquire 4,347 shares of Class A Common Stock upon settlement of Restricted Stock Units on the same day.
The sale was to cover tax withholding obligations related to the vesting and settlement of restricted stock units. Following the transaction, McVeety directly owns 2,195 shares of CoreWeave. The filing also notes that McVeety owns 79 shares acquired through the CoreWeave Employee Stock Purchase Plan on November 14, 2025.CoreWeave currently has a market capitalization of $34.5 billion and trades at a price-to-book ratio of 9.2. InvestingPro analysis indicates the stock is currently overvalued based on its Fair Value assessment, with 17+ additional ProTips and a comprehensive research report available for subscribers seeking deeper insights into this high-growth AI infrastructure company.
In other recent news, CoreWeave reported third-quarter revenue of $1.4 billion, surpassing consensus estimates. The company achieved an adjusted operating margin of 15.9%, driven by strong GPU demand and favorable pricing for H100 GPUs from a major hyperscaler. CoreWeave also expanded its revolving credit facility from $1.5 billion to $2.5 billion, extending the maturity date to November 2029, with participation from major financial institutions like JPMorgan Chase, Goldman Sachs, and Morgan Stanley. Meanwhile, Compass Point initiated coverage of CoreWeave with a Buy rating and a $150 price target, emphasizing its relationships with major tech companies. However, JPMorgan downgraded CoreWeave from Overweight to Neutral, lowering the price target to $110 due to supply chain delays impacting revenue timing. Stifel maintained a Hold rating with a $120 price target, following the company’s mixed third-quarter results. Additionally, CoreWeave launched its Zero Egress Migration program, allowing customers to transfer large datasets to its platform without egress fees, compatible with providers like AWS and Google Cloud. These developments reflect CoreWeave’s ongoing efforts to enhance its financial and operational capabilities.
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