CoreWeave GC and secretary Kristen McVeety sells $365,682 in stock

CoreWeave disclosed that its General Counsel and Secretary, Kristen J McVeety, sold 3,980 shares of the company's Class A Common Stock on August 20, 2026 for a total of $365,682. The transaction was executed to fulfill tax withholding obligations related to the vesting and settlement of restricted stock units (RSUs). Each RSU corresponds to one share of CoreWeave's Class A Common Stock upon settlement, and these RSUs vest at different intervals throughout the year contingent upon McVeety's continued employment with the company.

Following the sale, Ms. McVeety's direct ownership of CoreWeave Class A Common Stock stands at 125,413 shares. CoreWeave reported robust second-quarter 2026 results, surpassing revenue expectations and significantly exceeding adjusted operating income. The company has adjusted its fiscal 2026 guidance upwards, buoyed by high demand.

Capacity growth at CoreWeave has been impressive, with the company adding nearly 500 megawatts during the quarter, outpacing any other neocloud operator. Analysts have reacted favorably, with Truist Securities boosting its price target for CoreWeave to $155, Piper Sandler to $153, and Bernstein SocGen Group to $74, all while maintaining or adjusting their respective ratings.

Despite the positive market response, CoreWeave's management has indicated that it expects to spend between $11.5 billion and $13.5 billion on capital expenditures in the upcoming quarter.