Brannin McBee, chief development officer of CoreWeave Inc., sold 500 shares of the company’s Class A common stock for a total of $42,755 on August 24, 2026.
The transaction was executed under a Rule 10b5-1 trading plan adopted on March 5, 2026. Sale prices ranged from $83.31 to $86.94 per share. Proceeds were derived from shares held indirectly through the Canis Major SM Trust, an irrevocable trust established for McBee’s minor child, over which he retains the power to remove and replace the trustee.
Following the sale, McBee beneficially owns 1,800 shares of CoreWeave’s Class A common stock indirectly through the same trust. CoreWeave’s stock was trading at $88.01 at the time of the transaction, up 23% year-to-date but still 43% below its 52-week high of $153.20.
CoreWeave’s shares are also held indirectly through derivative securities linked to several family trusts and LLCs, including the Canis Major 2025 Family Trust LLC, Canis Major 2026 GRAT, Canis Minor 2025 Family Trust LLC, and Canis Minor 2026 GRAT. These holdings include Class B common stock convertible into Class A shares on a one-to-one basis at the holder’s election or under specified conditions.
Analysts have recently adjusted their price targets for CoreWeave. Bernstein SocGen Group raised its target to $74 with an Underperform rating following the company’s quarterly results, which beat revenue and adjusted operating income expectations. Truist Securities increased its target twice, first to $155 and later to $165, citing nearly 500 megawatts of added capacity, while maintaining a Buy rating. Piper Sandler raised its target to $153, driven by surging AI demand and net-new active megawatts reaching approximately 300 in June. CoreWeave also raised its fiscal 2026 guidance in response to strong demand.
