CoreWeave principal accounting officer Jeff Baker sells $438 in CRWV stock

Jeff Baker, Principal Accounting Officer at CoreWeave, Inc. (CRWV), sold 5 shares of the company’s Class A Common Stock on September 30, 2026, at a price of $87.69 per share, totaling $438. The sale was executed to satisfy tax withholding obligations incurred in connection with the vesting and settlement of restricted stock units. The transaction price was slightly below the current stock price of $89.62 for the IT Services company, which carries a market capitalization of $48.85 billion.

On the same date, Mr. Baker also acquired 8 shares of Class A Common Stock through the vesting of restricted stock units. Each restricted stock unit represents a contingent right to receive one share of CoreWeave’s Class A Common Stock upon settlement. These units vest according to a schedule, with a portion vesting on the last calendar day of June, September, December, and March, contingent on Mr. Baker’s continued service.

Following these transactions, Mr. Baker directly holds 8,340 shares of CoreWeave, Inc. Class A Common Stock. According to InvestingPro analysis, CoreWeave appears undervalued at current levels based on its Fair Value assessment. Investors seeking deeper insights can access 13 additional InvestingPro Tips and comprehensive financial metrics for CRWV.

In other recent news, CoreWeave has been the focus of several analyst updates. Cantor Fitzgerald reiterated an Overweight rating with a price target of $176, citing strong demand and confidence in reaching an 8-gigawatt capacity by the end of the decade. Mizuho maintained a Neutral rating and a $115 price target following CoreWeave’s annual user conference, where the company announced platform updates and the delivery of NVIDIA’s Vera Rubin NVL72 at scale. Rosenblatt reiterated a Buy rating, setting a price target of $250, highlighting CoreWeave’s strong demand and pricing power, which allowed a recent 10% price increase. Freedom Capital also reiterated a Buy rating with a $151 target, noting CoreWeave’s high ranking in managed-cluster quality and technical execution. Truist Securities echoed a Buy rating with a $165 target, emphasizing ongoing discussions about pricing dynamics. These developments reflect analysts’ varied perspectives on CoreWeave’s market position and strategic initiatives.