Coreweave principal accounting officer Jeff Baker sells $429k in stock By Investing.com

CoreWeave, Inc. () Principal Accounting Officer Jeff Baker sold shares of the company’s Class A Common Stock totaling $429,314 on July 29, 2026. The transactions involved the sale of 6,455 shares at prices ranging from $66.34 to $66.51 per share. The stock has since climbed to $73.90, though it remains down 35% over the past year and nearly 52% below its 52-week high of $153.20.

These sales were executed to cover tax withholding obligations incurred in connection with the vesting and settlement of restricted stock units (RSUs). On the same date, Mr. Baker acquired 12,500 shares of Class A Common Stock through the vesting of RSUs. Each RSU represents a contingent right to receive one share of the Issuer’s Class A Common Stock upon settlement.

Following these transactions, Mr. Baker directly holds 7,167 shares of CoreWeave’s Class A Common Stock and 100,000 restricted stock units. The RSUs vest over time, with a portion having vested on July 29, 2025, and subsequent portions vesting quarterly, subject to continued service. According to InvestingPro analysis, CoreWeave appears undervalued at current levels, with 17 additional ProTips available to subscribers, including insights on the company’s debt burden and cash flow dynamics.

In other recent news, CoreWeave has been a focal point of significant developments. Nvidia is reportedly in discussions to provide approximately $250 billion in financing guarantees for OpenAI’s data center project, which is expected to cost over $500 billion. This project involves a 10-gigawatt facility being developed by SoftBank’s energy subsidiary in Ohio. In terms of analyst ratings, BofA Securities reiterated a Buy rating for CoreWeave, maintaining a price target of $140. They also increased their fiscal 2026 capital expenditure estimate to $34 billion, reflecting changes in hardware component buildout and pricing.

Wolfe Research also reiterated an Outperform rating with a $150 price target for CoreWeave, slightly raising its fiscal 2026 capital expenditure estimate. This was attributed to increased investments for capacity and potential component price pressures. Additionally, Rosenblatt reiterated a Buy rating with a $250 price target, amid reports that Meta Platforms is exploring a cloud business initiative, which could involve leasing AI computing power. Freedom Broker upgraded IREN Ltd. to Buy from Hold, maintaining a price target of $58, although they lowered revenue estimates for upcoming quarters.

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