Brannin McBee, Chief Development Officer of CoreWeave Inc. (NASDAQ: CRWV), sold 249,500 Class A common shares on August 24, 2026, for approximately $21.3 million under a Rule 10b5-1 trading plan adopted on March 5, 2026. The transactions were executed at prices ranging from $83.93 to $86.48 per share.
The disposal included 144,000 shares held directly by McBee, 25,000 held by his spouse, and 80,500 shares held through various trusts and entities, including the Brannin J. McBee 2022 Irrevocable Trust and the Canis Major and Minor 2025 GRATs. Concurrently, McBee converted 249,500 Class B shares to Class A shares on a 1-to-1 basis, with no cash involved.
CoreWeave’s stock closed at $88.01 on August 24, reflecting a 5.3% decline from the prior session’s close of $93.12. The company, which operates in the AI infrastructure sector, reported a 115% revenue increase and added nearly 500 megawatts of capacity during its latest fiscal quarter. In July, CoreWeave implemented a 25% price increase across its product line to offset rising GPU costs.
Analysts have adjusted their price targets following the transaction. Bernstein SocGen raised its target to $74 from $67 while maintaining an Underperform rating. Truist Securities also increased its target, citing CoreWeave’s capacity additions and pricing power. Piper Sandler raised its target to $153, pointing to net active new megawatts and higher fiscal 2026 guidance.
