Street Calls of the Week
CoreWeave, Inc. (CRWV), a $62.66 billion market cap company whose stock has surged over 200% in the past six months, saw Chief Development Officer Brannin McBee sell 444,821 shares of Class A Common Stock for a total of $73,856,428. The sales were executed at prices ranging from $115.9821 to $125.58, near the stock’s current trading level of $121.36.
The transactions were sales of shares held directly and indirectly through the Brannin J. McBee 2022 Irrevocable Trust. These sales were executed under a Rule 10b5-1 trading plan adopted on May 20, 2025.
On the same day, McBee also converted 625,000 shares of Class B Common Stock into Class A Common Stock.
In other recent news, CoreWeave announced a substantial £1.5 billion investment to expand its AI data center capacity in the United Kingdom, increasing its total UK commitment to £2.5 billion. This expansion is expected to bolster the UK’s AI infrastructure and create local jobs in engineering and operations. Additionally, CoreWeave disclosed a significant $6.3 billion cloud computing agreement with NVIDIA, under which NVIDIA will utilize CoreWeave’s infrastructure and purchase any unsold capacity through 2032. This agreement was highlighted in CoreWeave’s 8-K filing, which has been positively received by analysts. Cantor Fitzgerald reiterated its Overweight rating for CoreWeave, maintaining a price target of $116.00. Meanwhile, Citizens JMP upgraded CoreWeave’s stock rating to Market Outperform, setting a price target of $180.00, citing trends in the GPU-as-a-Service market. Barclays has also reiterated its Equalweight rating on CoreWeave, emphasizing the importance of the NVIDIA deal. These developments reflect CoreWeave’s strategic moves in expanding its market presence and infrastructure capabilities.
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