Coreweave chief development officer sells $4.96m in stock

CoreWeave's Chief Development Officer, Brannin McBee, sold a substantial amount of company stock on September 30, 2026. The sale, totaling 56,531 shares of Class A Common Stock, amounted to approximately $4.96 million. This transaction was carried out to meet tax withholding requirements related to the vesting and settlement of restricted stock units.

At the time of the sale, McBee's stake in CoreWeave was valued at $48.85 billion, with the stock price having risen to $89.62 following the transaction. Analysts have deemed CoreWeave undervalued based on its Fair Value metrics. Despite selling a significant portion of his holdings, McBee now directly owns 392,279 shares of CoreWeave Class A Common Stock, with an additional 48,000 shares indirectly held by a trust for his minor child and 1,800 shares indirectly held by his own child.

CoreWeave has demonstrated impressive revenue growth of 115% over the past year, positioning itself as a formidable player in the IT Services industry. Recent analyst ratings have been positive, with Cantor Fitzgerald upgrading the stock to Overweight and setting a $176 price target. Mizuho maintains a Neutral rating with a $115 price target, while Rosenblatt upholds a Buy rating with a $250 price target.

Other firms like Freedom Capital and Truist Securities have also expressed confidence in CoreWeave's potential, with price targets ranging from $151 to $165.