Coreweave’s McBee sells $82.3 million in shares

Published 25/09/2025, 21:28
Coreweave’s McBee sells $82.3 million in shares

Coreweave, Inc. (CRWV) Chief Development Officer Brannin McBee, sold 349,538 shares of Class A Common Stock on September 23, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The sale comes as the company’s stock has shown remarkable strength, with InvestingPro data showing a 233.5% return over the past six months and a market capitalization of $69.16 billion. The sales, executed under a pre-arranged 10b5-1 trading plan, fetched prices ranging from $127.815 to $135.4689, resulting in a total transaction value of $82,392,541.

The filing also indicated that McBee converted 625,000 shares of Class B Common Stock into Class A Common Stock.

In other recent news, CoreWeave announced an expanded agreement with OpenAI, adding an additional $6.5 billion to their existing partnership. This expansion brings the total contract value between the companies to approximately $22.4 billion. The agreement is aimed at powering the training of OpenAI’s next-generation models. Analysts have responded to this development with differing views. Barclays has maintained its Equalweight rating with a $140.00 price target, while Citizens JMP reiterated its Market Outperform rating with a $180.00 price target. Additionally, Melius Research upgraded CoreWeave from Hold to Buy, citing strong cloud demand growth, and set a price target of $165.00. Wells Fargo also upgraded its rating from Equal Weight to Overweight, raising the price target to $170.00. These upgrades reflect a positive outlook on CoreWeave amid strong AI-related demand and industry supply constraints.

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