CoreWeave Stock (CRWV) on November 29, 2025: Insider Selling, Debt Fears and AI Cloud Growth Collide

Updated: November 29, 2025

CoreWeave, Inc. (NASDAQ: CRWV), the Nvidia‑backed AI cloud specialist, remains one of the most volatile names in the artificial intelligence trade. After a euphoric run that sent the stock above $180 earlier this year, shares are now trading in the low‑$70s, even as the company posts triple‑digit revenue growth and announces huge multi‑year cloud deals. ^[1]

On November 29, 2025, the CoreWeave story is being driven by three big themes: a cluster of insider transactions, mounting concerns over leverage and capital intensity, and a still‑impressive — but increasingly controversial — AI growth narrative.

CoreWeave stock price snapshot heading into November 29

CoreWeave last closed at about $73.12 per share in Friday’s shortened Black Friday session, down roughly 1.6% on the day, with more than 14 million shares changing hands. ^[2]

Recent trading data show:

Over the last week, CRWV has oscillated mostly in the low‑ to mid‑$70s after a sharp slide earlier in November. ^[3]
The 52‑week range runs from roughly $33.5 to $187, meaning the stock is still more than 100% above its lows but down about 60% from its 2025 peak. ^[4]
At current prices, CoreWeave carries a market capitalization around the high‑$20 billions, trades at a negative P/E ratio (no GAAP profits yet), and sits well below its 50‑ and 200‑day moving averages, which are both north of $115. ^[5]

For longer‑term context, CoreWeave went public on the Nasdaq in March 2025 at $40 per share, raising about $1.5 billion in its IPO. ^[6] Even after the recent drop, CRWV remains above its IPO price — but investors who bought near the highs are feeling real pain.

Fresh insider activity: sales, a massive gift, and what it might mean

The most immediate news flow around CoreWeave stock on November 29 centers on insider transactions disclosed in the last 24 hours.

CFO Nitin Agrawal trims his stake

According to a Form 4 summarized by both Investing.com and MarketBeat, Chief Financial Officer Nitin Agrawal sold roughly 3,600–3,700 shares of Class A common stock on November 25, 2025, in trades executed under a pre‑arranged Rule 10b5‑1 plan. ^[7]

Key details from the filings and coverage:

The sale raised about $255,000, with prices generally in the high‑$60s to low‑$70s per share. ^[8]
After the transaction, Agrawal still directly owns about 147,500 shares of CoreWeave. His spouse and a GRAT (grantor retained annuity trust) together control another significant block of stock. ^[9]
MarketBeat calculates that the sale reduced his direct stake by roughly 2.4%, a modest trim rather than a wholesale exit. ^[10]

The trade fits into a broader pattern: Agrawal has sold multiple blocks of shares throughout 2025, including larger disposals in September and earlier in November, as options and restricted stock vest following the IPO. ^[11]

CSO Brian Venturo cashes in $20.9 million

A much larger insider move came from Chief Strategy Officer Brian M. Venturo. A new Investing.com report shows that, via West Clay Capital LLC, Venturo sold 271,950 Class A shares on November 26, raising roughly $20.9 million. ^[12]

According to the Form 4 summary:

The trades were executed between about $73.59 and $76.14 per share — very close to recent market prices. ^[13]
On the same day, Venturo converted 281,250 Class B shares to Class A, a common step as pre‑IPO share classes migrate into freely tradable stock. ^[14]

The article notes that, despite heavy spending on AI infrastructure, year‑to‑date the stock remains up more than 80%, and is trading only slightly below one independent “fair value” estimate. ^[15]

Officer Brannin McBee gifts 600,000 shares

Perhaps the most eye‑catching filing is not a sale at all, but a gift.

A Reuters/Refinitiv summary, distributed via TradingView, reports that company officer Brannin McBee filed a Form 4 on November 28 disclosing a gift of 600,000 CoreWeave shares dated November 26, at a “price” of $0 as gifts are not open‑market transactions. ^[16]

After the transfer, McBee still holds 246,981 shares, including both direct and indirect ownership. ^[17] The filing does not specify the recipient, but large gifts of stock are often associated with estate planning or charitable foundations rather than a bearish view on the company.

At Friday’s closing price, the transferred block would be worth almost $44 million, underscoring just how valuable CoreWeave equity has become even after the recent correction. ^[18]

Under the hood: Q3 2025 earnings and guidance cut

Much of the November volatility that set the stage for today’s insider moves traces back to CoreWeave’s third‑quarter 2025 earnings, reported on November 10.

Revenue still exploding

In its official earnings release, CoreWeave reported: ^[19]

Q3 2025 revenue of about $1.36 billion, up roughly 134% year‑over‑year.
Operating income of about $51.9 million, but a GAAP net loss of roughly $110 million, implying an 8% negative net margin.
Adjusted EBITDA of around $838 million with a 61% adjusted EBITDA margin, highlighting how much depreciation and interest is embedded in GAAP results.

The earnings call also highlighted a revenue backlog of $55.6 billion as of September 30, 2025 — a figure that includes remaining obligations under signed contracts and other committed revenue. ^[20]

CoreWeave’s customer list reads like a who’s who of AI:

A multi‑year GPU deal with Meta for up to $14.2 billion.
Expanded commitments with OpenAI worth up to $22.4 billion in total.
Multiple agreements with a “leading hyperscaler” and other cloud and AI players. ^[21]

These deals explain why many investors still see CoreWeave as one of the purest infrastructure plays on the generative AI boom.

Why the stock fell anyway

Despite beating consensus estimates for both revenue and earnings, the stock sold off sharply after earnings. According to both Reuters and recent analysis from Insider Monkey, shares dropped about 16% on November 11 and are now down roughly 32% since the report. ^[22]

The main trigger: management cut its full‑year 2025 revenue guidance, blaming delays at a key third‑party data center partner. The company trimmed its outlook from $5.15–$5.35 billion to $5.05–$5.15 billion, even as demand remained strong. ^[23]

Reuters noted that at least six brokerages reduced their price targets after the report, and Barclays warned that the quarter exposed “operational risk” in the young AI infrastructure industry — a reminder that building giant GPU data centers is far from trivial. ^[24]

Debt, credit facilities and the cost of fueling the AI build‑out

The other big storyline around CoreWeave — and a major theme in this week’s analyst commentary — is leverage.

A quickly growing debt stack

A detailed breakdown from The Motley Fool, based on CoreWeave’s SEC filings, highlights just how capital‑intensive the business has become: ^[25]

In 2024, CoreWeave generated about $1.9 billion in revenue but booked a net loss of roughly $863 million.
Capital expenditures were enormous: net cash used in investing activities reached about $8.7 billion in 2024, largely for GPU fleets, networking and data center buildout.
In the first nine months of 2025, the company spent more than $6.2 billion on property and equipment, again heavily funded by borrowings.
As of Q3 2025, CoreWeave carried around $14 billion in total debt, and net interest expense for the first nine months of the year exceeded $840 million.

Separate analysis on Medium points out that CoreWeave has tapped the private credit markets at coupon rates around 9–9.25%, and suggests that fully drawing roughly $10 billion in such debt could imply close to $1 billion per year in interest costs alone — a heavy burden for a company still posting GAAP losses. ^[26]

New $2.5 billion credit facility

Today’s news also references a fresh expansion of CoreWeave’s credit capacity. The same Investing.com piece that covers Brian Venturo’s share sale notes that the company has increased a credit facility from $1.5 billion to $2.5 billion and extended its maturity to November 2029. ^[27]

That expansion adds more liquidity for data center buildout and GPU purchases — but also reinforces the central debate around the stock: can CoreWeave earn enough over the long term to justify both its valuation and its rising debt load?

What Wall Street and big investors are saying

Despite the guidance cut and the steep share‑price decline since Q3, Wall Street’s view remains mixed rather than outright bearish.

Analyst ratings and targets

Data compiled by Finviz and Insider Monkey show a wide range of opinions: ^[28]

Wells Fargo recently reiterated a Buy rating with a $150 price target, even after the post‑earnings drop.
Goldman Sachs has maintained a more cautious Hold rating with a target around $105.
Compass Point initiated coverage with a Buy and a $150 target, citing the company’s massive $55.6 billion backlog and deep ties to major AI platforms.
On the other side, J.P. Morgan downgraded CoreWeave to Neutral on November 11, with a target of $110, following the guidance cut and data center issues.

Aggregated data from MarketBeat classify the consensus rating as something like a “Moderate Buy”, with an average price target in the $120–$130 range — implying substantial upside from current levels, but also acknowledging meaningful risk. ^[29]

Strategists and stock pickers split on CoreWeave

Recent commentary compiled by Finviz reveals a broad spectrum of views from stock‑picking services and newsletters: ^[30]

One set of Motley Fool articles — including “4 Reasons Not to Buy the Dip in CoreWeave’s Stock” and “3 Reasons to Sell CoreWeave Stock Before It’s Too Late” — argues that the combination of ongoing GAAP losses, heavy leverage, customer concentration and a still‑rich revenue multiple makes the stock too risky even after a large pullback. ^[31]
Another popular Fool piece, “Where Will CoreWeave Stock Be in 5 Years?”, frames the company as a potentially important long‑term AI infrastructure player but stresses that outcomes could be highly binary given competition and capital needs. ^[32]
Insider Monkey’s analysis, published on November 28, emphasizes that CRWV is down more than 32% since Q3 despite beating expectations, and notes that some analysts still see significant upside thanks to the massive backlog and strategic relationships. ^[33]

Other coverage this week highlights that ARK Invest and Bridgewater Associates have reported or been linked to new positions in CoreWeave, suggesting that some high‑profile institutional investors still want exposure to the name even as more cautious commentators warn of an “AI bubble” in infrastructure stocks. ^[34]

Key risks and opportunities investors are debating right now

As of November 29, the CoreWeave conversation tends to revolve around a few central questions:

1. Growth vs. profitability

CoreWeave is proving that AI cloud demand is real: revenue has grown from about $229 million in 2023 to $1.9 billion in 2024, and then to quarterly run‑rates well above $5 billion annualized in 2025. ^[35]

Yet the company is still reporting substantial GAAP net losses, largely because of massive capex and interest costs. Bulls focus on adjusted metrics and long‑term operating leverage; bears point out that common shareholders ultimately live in GAAP and free cash flow, not adjusted EBITDA.

2. Customer concentration and contract execution

CoreWeave’s S‑1 and recent commentary underline that a small number of very large customers account for the vast majority of revenue — more than three‑quarters of sales came from its top two customers in 2024, with one of them alone above 60%. ^[36]

That concentration cuts both ways: marquee relationships with OpenAI‑aligned labs and big tech platforms are a powerful moat, but any contract renegotiation or slowdown could hit results hard. The Q3 guidance cut tied to data center partner delays has already shown how sensitive the business can be to execution hiccups. ^[37]

3. Leverage and the cost of capital

With roughly $14 billion of debt, high single‑digit coupons, and a continued need to invest billions into GPUs and data centers, CoreWeave is deeply exposed to the cost of capital. ^[38]

If AI demand remains strong and the company executes flawlessly, leverage could amplify returns. If utilization disappoints or competitive pricing compresses margins, the same leverage could become a major liability.

4. Valuation after the sell‑off

Even after dropping more than 60% from its highs, CoreWeave still trades at roughly seven times expected 2025 revenue, according to recent estimates — a rich multiple for a company that remains unprofitable and heavily indebted. ^[39]

Supporters argue that no other public company offers such a pure‑play exposure to GPU cloud for frontier‑scale AI workloads. Skeptics counter that the combination of execution risk, contract concentration and leveraged balance sheet justifies a much lower revenue multiple.

What today’s news means for CoreWeave stock

Taken together, the November 29 headlines paint a picture of a stock at a crossroads:

Insider moves — from Venturo’s $20.9 million sale to Agrawal’s smaller trim and McBee’s huge gift — show that senior executives are actively managing large personal positions, but do not, on their own, prove a bullish or bearish thesis. ^[40]
Fundamentals remain extraordinary on the top line, with revenue growth above 100% and a backlog north of $55 billion, but GAAP profitability is still elusive and interest expense is rising. ^[41]
Sentiment is sharply divided: some analysts continue to publish buy‑ratings and lofty price targets, while widely read commentators urge caution or outright avoidance. ^[42]

For now, CoreWeave remains one of the most closely watched — and hotly debated — AI infrastructure stocks on the market. Investors following CRWV will be watching upcoming SEC filings, any further guidance updates, and progress on new data center capacity very closely, alongside broader shifts in AI spending and interest rates.

Nebius vs CoreWeave: The AI Battle That Could Mint Millionaires