CoreWeave (CRWV) Stock on November 29, 2025: Insider Selling, Analyst Cuts and New Institutional Buying

Published: November 29, 2025 — Informational only, not investment advice.

Key Takeaways

CoreWeave stock (NASDAQ: CRWV) is trading in the low‑$70s, well above its March IPO price of $40 but roughly 60% below its 2025 peak near $187. TechStock²+1
Today’s headlines (Nov 29) revolve around a cluster of insider transactions, lowered analyst price targets, a new institutional buyer, and ongoing concerns about debt and capital intensity. ^[1]
Q3 2025 results remain very strong — revenue more than doubled to about $1.36 billion, with a huge multi‑year AI backlog — but a guidance cut tied to data‑center delays continues to weigh on sentiment. ^[2]
Wall Street is split: some banks still see substantial upside based on CoreWeave’s AI cloud position, while others highlight leverage, execution risk and growing legal scrutiny, including a class‑action investigation. ^[3]

CoreWeave stock price today: far from its peak, still well above IPO

As of the Black Friday close on November 28, 2025, CoreWeave shares finished around $73.12, down about 1.6% on the day, with after‑hours trading nudging the price to roughly $73.27. ^[4]

Data from market trackers show:

Last price: about $73–73.3
1‑year performance: roughly +80%+
Market cap: around $37 billion
Shares outstanding: just under 500 million. ^[5]

That puts CRWV:

comfortably above its $40 IPO price from March 28, 2025, when the company raised about $1.5 billion in a downsized offering,
yet far below its all‑time high near $187 reached in June 2025 after a euphoric AI‑infrastructure rally. ^[6]

In other words, CoreWeave is no longer priced like a pure AI mania play, but it’s still valued like a high‑growth leader in GPU cloud.

November 29, 2025 news roundup: what changed for CoreWeave today?

A flurry of new articles and filings on November 29 give a pretty clear picture of what the market is focused on: insiders trimming stakes, analyst price‑target cuts, and fresh institutional interest.

1. Analysts cut price targets on data‑center delays

A widely circulated piece from Insider Monkey/Finviz, published overnight, highlights how several banks have lowered their price targets following CoreWeave’s Q3 report and guidance cut. ^[7]

Key points from that coverage:

Wells Fargo recently reaffirmed a Buy rating with a $150 price target, citing CoreWeave as one of the “15 Best Performing AI Stocks Heading into 2026.” ^[8]
JPMorgandowngraded CoreWeave from Overweight to Neutral, cutting its target from $135 to $110 after the company trimmed full‑year revenue guidance due to delays at a third‑party data‑center developer. ^[9]
Macquarie also reduced its target from $140 to $115, keeping a Neutral rating and flagging that the delays will push some expected Q4 revenue into later periods. ^[10]

Despite these cuts, the article stresses that analysts still see CoreWeave as a major long‑term beneficiary of the AI cloud boom, with new government‑focused initiatives such as CoreWeave Federal bringing customers like NASA and the UK government into the mix. ^[11]

Net‑net: Street targets are coming down, but many remain well above the current ~$73 share price, implying potential upside if execution goes right — and downside if delays or cost pressures worsen.

2. Jim Cramer: still a “win” despite a brutal drawdown

Another November 29 piece spotlights comments from CNBC personality Jim Cramer, who weighed in on CoreWeave’s volatile path. ^[12]

Cramer’s key framing:

CoreWeave raised $1.5 billion at $40 per share in its IPO.
Even with the stock now around $73, he argues early backers are still solidly ahead, so in his words, “you can still call that a win,” even though the stock is “way down” from its summer peak around $187. ^[13]

He also addresses investor worries about insider selling:

Cramer notes CEO Michael Intrator has sold around $84 million worth of stock since the IPO lockup expired, but frames this as a small fraction of his total holdings, not a wholesale exit. ^[14]

For sentiment, this matters: a high‑profile TV voice is essentially saying “yes, it’s volatile, but the story isn’t broken” — even as others become more cautious.

3. Insider transactions: CFO and CSO sell, officer gifts 600,000 shares

Perhaps the most eye‑catching theme in today’s news is a burst of insider‑transaction headlines.

CFO Nitin Agrawal’s $255k stock sale

An Investing.com report, based on a new Form 4, shows that CFO Nitin Agrawal sold 3,740 shares of Class A common stock on November 25, 2025, in trades executed under a pre‑arranged Rule 10b5‑1 plan. ^[15]

Details from the filing:

Average sale prices ranged from about $66.62 to $72.04,
Total proceeds were roughly $255,767,
After the sale, Agrawal still directly owns about 147,500 shares, while his spouse and a grantor trust (Yosemite 2025 GRAT) hold additional blocks. ^[16]

So this is a small trim of a large position — typical post‑IPO behavior, but the timing, coming after a sharp drawdown, naturally attracts attention.

CSO Brian Venturo’s $20.9 million sale

A separate Form 4 summary highlights a much larger move from Chief Strategy Officer Brian M. Venturo. ^[17]

According to the Investing.com coverage:

Through West Clay Capital LLC, Venturo sold 271,950 Class A shares on November 26,
The trades were executed between roughly $73.59 and $76.14,
Total proceeds were about $20.9 million. ^[18]

The filing also notes a conversion of 281,250 Class B shares into Class A, a common step as pre‑IPO share classes become freely tradable. TechStock²

Despite this sizable sale, the article points out that CoreWeave shares are still up more than 80% year‑to‑date and trading only slightly below some independent fair‑value estimates, according to Investing.com data. ^[19]

Officer Brannin McBee gifts 600,000 shares

A Reuters/Refinitiv‑based note, carried on TradingView, adds a twist: officer Brannin McBee filed a Form 4 on November 28 showing a gift of 600,000 CoreWeave shares, dated November 26, at a price of $0 (as gifts are not open‑market transactions). ^[20]

After the transfer, McBee still holds about 246,981 shares, directly and indirectly. At current prices, the gifted stake would be worth roughly $44 million, underlining both the scale of insider holdings and the value of CoreWeave equity even after its correction. ^[21]

How to read this cluster of insider moves?

The CFO sale is small and plan‑driven.
The CSO sale is large and will worry investors who already fear the stock ran too far too fast.
The 600,000‑share gift is more likely related to estate or charitable planning than a bearish view, though the filing doesn’t specify the recipient. TechStock²

Together, they reinforce the perception that senior executives are diversifying out of a hot stock, which is normal — but in a jittery AI market, it feeds a cautious narrative.

4. Level Four Advisory Services adds a $4.08 million position

Cutting in the opposite direction, a new MarketBeat report shows Level Four Advisory Services LLC has disclosed a fresh stake in CoreWeave. ^[22]

In an SEC filing summary:

Level Four acquired 25,002 shares during Q2 2025,
The position was valued at about $4.08 million at the time of disclosure. ^[23]

It’s not a giant stake relative to CoreWeave’s ~$37 billion market cap, but it signals ongoing institutional interest even after the stock’s sharp pullback.

5. TS2 Tech: “insider selling, debt fears and AI cloud growth collide”

A detailed November 29 analysis on TS2 Tech stitches these threads together into one overarching narrative: CoreWeave remains one of the most volatile names in AI, with triple‑digit revenue growth, huge multi‑year GPU contracts, and a heavily leveraged balance sheet all colliding at once. TechStock²

Highlights from that piece:

CoreWeave last closed around $73.12, down about 1.6% in Friday’s shortened session, after oscillating in the low‑ to mid‑$70s through the week. TechStock²+1
The 52‑week range runs from roughly $33.50 to $187, leaving the stock more than 100% above its lows but about 60% below its high. TechStock²+1
The article emphasizes three themes driving the story today:
1. Insider transactions,
2. Concerns about leverage and capital intensity,
3. A still‑powerful but “controversial” AI cloud growth narrative built on enormous contracts with OpenAI, Meta and others. TechStock²+2Reuters+2

TS2 also points to class‑action investigations by Pomerantz LLP, launched earlier in November, which are probing whether CoreWeave or its executives may have misled investors when it cut guidance due to data‑center delays. ^[24]

The fundamental backdrop: explosive growth plus a guidance cut

Today’s headlines sit on top of a fundamental story that’s equal parts impressive and risky.

Q3 2025: Massive growth, big backlog — and a lowered outlook

In its Q3 2025 earnings release on November 10, CoreWeave reported: ^[25]

Revenue: about $1.36 billion, up roughly 134% year‑on‑year,
Loss per share: roughly $0.22, an improvement from $1.82 a year earlier,
Adjusted EBITDA: around $838 million, implying an EBITDA margin of about 60%,
A multi‑year backlog in the tens of billions of dollars, with some analyses pegging it around $55–56 billion as of quarter‑end. TechStock²+1

This growth is underpinned by huge AI‑infrastructure deals, including:

A multi‑year GPU contract with Meta worth roughly $14+ billion,
Expanded agreements with OpenAI taking that relationship to around $22+ billion in total commitments,
A $1.17 billion commercial agreement with Vast Data to use its data platform for CoreWeave’s AI cloud. ^[26]

So why did the stock fall so hard?

Because alongside the blowout numbers, management cut 2025 revenue guidance from $5.15–$5.35 billion to $5.05–$5.15 billion, blaming delays at a third‑party data‑center developer that will push some revenue into later periods. ^[27]

That triggered:

A 16%+ one‑day drop on November 11,
A wave of price‑target cuts and a JPMorgan downgrade,
Class‑action investigations claiming investors may have been misled about risks around capacity and capital spending. ^[28]

Leverage and capital intensity: the big risk factor

To fuel that growth, CoreWeave has leaned heavily on debt and private‑credit style financing:

In July, it closed a $2.6 billion secured term‑loan facility (“DDTL 3.0”), led by Morgan Stanley and MUFG, bringing total capital commitments to over $25 billion. ^[29]
Separate disclosures and analysis suggest total liabilities north of $20 billion and double‑digit billions in debt, with high single‑digit to low double‑digit interest rates attached to some facilities. ^[30]
CoreWeave has indicated capital expenditures of $12–$14 billion for 2025, with plans to more than double capex in 2026 as it deploys next‑gen Nvidia GPUs and builds new data‑centers. ^[31]

This is why “debt fears” keep popping up in today’s commentary: the company’s AI opportunity is enormous, but so is the bill for GPUs, networking gear, and data centers — and that bill is largely being paid with borrowed money.

Why Wall Street is split on CoreWeave stock

Across today’s and recent coverage, you can see two clear camps forming.

The bull case

Bulls point out that CoreWeave:

Delivers triple‑digit revenue growth with very high adjusted EBITDA margins,
Has a backlog measured in tens of billions, anchored by top‑tier customers like OpenAI, Microsoft‑aligned workloads, Meta and others, ^[32]
Is at the center of AI infrastructure, having been the first cloud provider to deploy Nvidia’s GB200/Blackwell‑class GPUs at scale, making it a pure‑play on frontier‑model training demand. ^[33]

Analyst surveys and long‑term models suggest that if CoreWeave can execute on its backlog and maintain current growth rates for a few more years, its revenue and cash flows could eventually justify a much higher valuation than today’s ~$37 billion market cap. ^[34]

The bear case

Bears (and cautious neutrals) respond that:

CoreWeave is still GAAP‑unprofitable, with heavy depreciation and interest expense masking the profitability implied by adjusted EBITDA. ^[35]
The company is highly levered, with billions in floating‑rate debt and a need for ongoing capital raises if it wants to keep building capacity at this pace. ^[36]
Customer concentration is extreme: past filings show a small number of hyperscale and lab customers make up the majority of revenue, so any renegotiation, slowdown or technical hiccup can have outsized impact — exactly what the recent data‑center delay already demonstrated. ^[37]
Legal and regulatory risk is rising, with Pomerantz and other firms investigating potential securities‑law violations after the Q3 guidance cut. ^[38]

Layered on top of this, some analysts worry that CoreWeave sits inside a broader “circular financing” ecosystem where Nvidia, OpenAI and AI clouds all invest in and buy from one another, potentially inflating valuations and leverage throughout the chain. ^[39]

What today’s news means for CoreWeave going into 2026

Put together, the November 29 headlines suggest CoreWeave is at a crossroads:

Insiders are clearly monetizing part of their stakes, though so far mostly through planned sales and one very large gift rather than emergency dumps. ^[40]
Analysts are trimming expectations, but not abandoning the stock; several still model substantial upside from current levels if CoreWeave can work through data‑center delays and manage its balance sheet. ^[41]
Institutional buyers are still stepping in, as Level Four’s new position underlines, but so are class‑action law firms and skeptics focused on leverage and disclosure. ^[42]

For anyone following CRWV, the key questions after today’s news are:

Execution: Can CoreWeave and its partners get delayed data‑center capacity online fast enough to keep revenue and margins on track?
Balance sheet: Will future quarters show progress toward sustainable free cash flow, or will the company need even more high‑cost debt?
Customer risk: Do the massive contracts with OpenAI, Meta and others remain intact and ramping, or will any be resized or delayed?
Trust: How do ongoing investigations and insider sales affect investor confidence in management’s guidance and disclosures?

CoreWeave remains one of the purest public plays on GPU‑based AI cloud infrastructure — and that’s exactly why its stock is so volatile. For now, the market is trying to decide whether today’s cluster of insider selling and analyst caution is simply a breather after an extraordinary run, or evidence that the AI infrastructure trade has gotten ahead of itself.

This article is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. Always do your own research or consult a licensed professional before making investment decisions.

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