<p><img src="https://pub.pbkrs.com/uploads/2025/431f08f2e4b8f38af83b0eaaf9b1b6dd?x-oss-process=style/lg" alt="" width="1200" height="675" original-src="https://pub.pbkrs.com/uploads/2025/431f08f2e4b8f38af83b0eaaf9b1b6dd"/></p>
<h2>关键要点</h2>
<ul>
<li><strong>CoreWeave 内部人士正在出售股票，但投资者应三思而后行；人工智能需求强劲，推动健康的收入增长和盈利前景。</strong></li>
<li><strong>分析师和机构正在购买该股票，为第四季度提供了坚实的支撑基础。</strong></li>
<li><strong>第三季度业绩的预测可能较低，为公司超越预期和股价上涨提供了催化剂。</strong></li>
</ul>
<p>CoreWeave（纳斯达克：CRWV）内部人士正在出售股票，但投资者在平仓或做空之前应三思而后行。尽管存在一些担忧，但对以人工智能为中心的数据中心计算能力和 NVIDIA（纳斯达克：NVDA）GPU 即服务的需求非常强劲，推动了健康的增长和盈利前景。</p>
<p>截至十月底的共识数据显示，该公司的收入预计将在未来五年内以高双位数的复合年增长率增长，预计到 2026 年底/2027 年初实现盈利，之后盈利将强劲增长。</p>
<p>在这种情况下，CoreWeave 的交易价格相对于可能较低的前瞻性估计处于低十几美元水平。公司的增长轨迹支持其价格走势，提供了未来几年内 100% 上涨的潜力，并预计将迎来分析师的升级周期。</p>
<p>2025 年底的趋势与股价上涨相一致，包括快速增加的覆盖率、情绪的回暖（共识评级为适度买入）以及上升的目标价格。共识在十月底滞后于价格走势，但随着价格上涨提供了市场支撑，过去 90 天上涨了 50%。高端区间指向 200 美元，达到时将创下新的历史高点，股价几乎上涨 50%。</p>
<p>同样，机构活动也与 <strong>股价上涨的前景</strong> 相一致。该集团在第三季度以每卖出 1 美元就购买超过 2 美元的速度进行强劲购买，并在第四季度保持看涨趋势。本季度头几周的活动余额约为 2.5 亿美元的购买，而出售不足 300 万美元，使该集团的总敞口接近 50%，不包括主要股东和内部人士。</p>
<hr/>
<hr/>
<p><img src="https://pub.pbkrs.com/uploads/2025/3058a33458c5df9ea2d4a7200c01088a?x-oss-process=style/lg" alt="" width="1200" height="559" original-src="https://pub.pbkrs.com/uploads/2025/3058a33458c5df9ea2d4a7200c01088a"/></p>
<h2>CoreWeave 内部人士在锁定期结束时出售股票</h2>
<p>CoreWeave 的内部人士，包括首席执行官、首席财务官、首席战略官、首席数据官、总法律顾问、高级副总裁、创始人和董事，自三月以来一直在出售股票。实际上，自首次公开募股以来，内部人士只进行了股票出售，没有购买，但投资者不应对此消息过于解读。大多数销售与预先安排的交易计划一致，旨在利用即将到期的锁定期，而 Magnetar Financial, LLC 占据了大部分销售。</p>
<p>Magnetar Financial 是该业务的早期投资者。它是一家多策略的另类资产管理公司，最初通过提供贷款获得了曝光，后来演变为 <strong>一个重要的股权头寸</strong>。在股票交易价格比首次公开募股价格高出 350% 的情况下，适度获利是明智的。</p>
<p>关键的结论是，内部人士仍然持有该公司 25% 的重要股份，提供了坚实的支撑基础。风险在于，内部人士的出售可能在未来几个季度持续，保持高波动性。</p>
<h2>空头头寸对 CoreWeave 投资者构成风险</h2>
<p>CoreWeave 的空头头寸对其投资者构成短期威胁。过去两个月，空头头寸稳步增长，在十月初达到了超过 10% 的创纪录高位。10% 并非不可逾越，但可能会继续上升，而内部人士的出售威胁增加了风险。</p>
<p>结论是，CoreWeave 的波动性在可预见的未来可能仍然很高，直到空头退出市场，股价可能会出现显著的修正。关键支撑位在 130 美元、120 美元和 100 美元附近。</p>
<p>价格走势反映了内部人士和空头卖出引发的波动，股价从峰值回调超过 50%，分析师的十月反弹强劲。</p>
<p>下一个明显的催化剂是计划在 11 月中旬发布的第三季度财报，分析师预测将实现高单位数的顺序收入增长，但已将预期设定较低并进行了下调。</p>
<p>假设 CoreWeave 的业绩与其他以人工智能为中心的企业相似，可能的结果是显著超越预期和有利的指引。</p>

CRWV

<p>CoreWeave 内部人士正在出售股份，引发了人们的担忧，但该公司仍保持强大的内部持股和机构购买。分析师预测，由于人工智能需求的推动，收入将实现强劲增长，未来几年股价有可能上涨 100%。尽管由于锁定期到期，内部人士出售股份，但他们仍持有公司 25% 的股份。空头头寸带来了风险，预计在空头退出之前会出现波动。即将发布的第三季度财报被预期将成为股价表现的催化剂，分析师预测将显著超出预期</p>

<p><img src="https://pub.pbkrs.com/uploads/2025/431f08f2e4b8f38af83b0eaaf9b1b6dd?x-oss-process=style/lg" alt="" original-src="https://pub.pbkrs.com/uploads/2025/431f08f2e4b8f38af83b0eaaf9b1b6dd"/></p>
<h2>Key Points</h2>
<div class="lb-trans"><h2>关键要点</h2>
</div><ul>
<li><strong>CoreWeave insiders are selling shares, but investors should think twice; AI demand is robust, fueling a healthy revenue growth and profitability outlook.</strong></li>
<li><strong>Analysts and institutions are buying this stock, providing a solid support base in Q4.</strong></li>
<li><strong>The forecast for Q3 results is likely to be low, setting the company up for outperformance and a catalyst for higher share prices.</strong></li>
</ul>
<div class="lb-trans"><ul>
<li><strong>CoreWeave 内部人士正在出售股票，但投资者应三思而后行；人工智能需求强劲，推动健康的收入增长和盈利前景。</strong></li>
<li><strong>分析师和机构正在购买该股票，为第四季度提供了坚实的支撑基础。</strong></li>
<li><strong>第三季度业绩的预测可能较低，为公司超越预期和股价上涨提供了催化剂。</strong></li>
</ul>
</div><p>CoreWeave (NASDAQ: CRWV) insiders are selling shares, but investors should think twice before closing positions or going short. While there are concerns, the demand for AI-centric data center computing capabilities and NVIDIA (NASDAQ: NVDA) GPU-as-a-service is tremendous, fueling a robust growth and profitability outlook.</p>
<div class="lb-trans"><p>CoreWeave（纳斯达克：CRWV）内部人士正在出售股票，但投资者在平仓或做空之前应三思而后行。尽管存在一些担忧，但对以人工智能为中心的数据中心计算能力和 NVIDIA（纳斯达克：NVDA）GPU 即服务的需求非常强劲，推动了健康的增长和盈利前景。</p>
</div><p>The consensus figures as of late October suggest this company’s revenue will grow at a high-double-digit compound annual rate for at least the next five years, with profitability reached by late 2026/early 2027 and earnings growing robustly afterward.</p>
<div class="lb-trans"><p>截至十月底的共识数据显示，该公司的收入预计将在未来五年内以高双位数的复合年增长率增长，预计到 2026 年底/2027 年初实现盈利，之后盈利将强劲增长。</p>
</div><p>In this scenario, CoreWeave trades in the low teens relative to forward estimates that are likely to be low. The company's growth trajectory supports its price action, providing potential for a 100% rise over the next few years and an anticipated analyst upgrade cycle.</p>
<div class="lb-trans"><p>在这种情况下，CoreWeave 的交易价格相对于可能较低的前瞻性估计处于低十几美元水平。公司的增长轨迹支持其价格走势，提供了未来几年内 100% 上涨的潜力，并预计将迎来分析师的升级周期。</p>
</div><p>The trends in late 2025 align with a rising share price, including rapidly increasing coverage, firming sentiment with consensus pegged at Moderate Buy, and a rising price target. The consensus lags the price action in late October but provides market support as it trends higher, up 50% in the preceding 90 days. The high-end range points to $200, a fresh all-time high and a nearly 50% stock price gain when reached.</p>
<div class="lb-trans"><p>2025 年底的趋势与股价上涨相一致，包括快速增加的覆盖率、情绪的回暖（共识评级为适度买入）以及上升的目标价格。共识在十月底滞后于价格走势，但随着价格上涨提供了市场支撑，过去 90 天上涨了 50%。高端区间指向 200 美元，达到时将创下新的历史高点，股价几乎上涨 50%。</p>
</div><p>Likewise, institutional activity also aligns with <strong>an outlook for rising share prices</strong>. The group bought robustly in Q3 at a pace of more than $2 for every $1 sold and carried a bullish trend into Q4. The balance of activity in the first few weeks of the quarter is approximately $250 million bought, compared with less than $3 million sold, bringing the group's total exposure to nearly 50%, excluding major shareholders and insiders.</p>
<div class="lb-trans"><p>同样，机构活动也与 <strong>股价上涨的前景</strong> 相一致。该集团在第三季度以每卖出 1 美元就购买超过 2 美元的速度进行强劲购买，并在第四季度保持看涨趋势。本季度头几周的活动余额约为 2.5 亿美元的购买，而出售不足 300 万美元，使该集团的总敞口接近 50%，不包括主要股东和内部人士。</p>
</div><hr/>
<div class="lb-trans"><hr/>
</div><hr/>
<div class="lb-trans"><hr/>
</div><p><img src="https://pub.pbkrs.com/uploads/2025/3058a33458c5df9ea2d4a7200c01088a?x-oss-process=style/lg" alt="" original-src="https://pub.pbkrs.com/uploads/2025/3058a33458c5df9ea2d4a7200c01088a"/></p>
<h2>CoreWeave Insiders Sell Shares as Lock-Up Expires</h2>
<div class="lb-trans"><h2>CoreWeave 内部人士在锁定期结束时出售股票</h2>
</div><p>CoreWeave insiders, including the CEO, CFO, CSO, CDO, GC, SVP, founders, and directors, have sold shares since March. In fact, insiders have only sold shares since the IPO; there are no purchases, but investors shouldn’t read too much into the news. Most sales align with prearranged trading plans intended to take advantage of the expiring lock-up, and Magnetar Financial, LLC accounts for the bulk of those sales.</p>
<div class="lb-trans"><p>CoreWeave 的内部人士，包括首席执行官、首席财务官、首席战略官、首席数据官、总法律顾问、高级副总裁、创始人和董事，自三月以来一直在出售股票。实际上，自首次公开募股以来，内部人士只进行了股票出售，没有购买，但投资者不应对此消息过于解读。大多数销售与预先安排的交易计划一致，旨在利用即将到期的锁定期，而 Magnetar Financial, LLC 占据了大部分销售。</p>
</div><p>Magnetar Financial is an early investor in the business. It is a multi-strategy alternative asset manager that first gained exposure by extending a loan that later evolved into <strong>a significant equity position</strong>. With shares trading 350% above the IPO price, taking some profits off the table was prudent.</p>
<div class="lb-trans"><p>Magnetar Financial 是该业务的早期投资者。它是一家多策略的另类资产管理公司，最初通过提供贷款获得了曝光，后来演变为 <strong>一个重要的股权头寸</strong>。在股票交易价格比首次公开募股价格高出 350% 的情况下，适度获利是明智的。</p>
</div><p>The critical takeaway is that insiders still own a significant 25% of the business and provide a solid support base. The risk is that insider selling will persist in the coming quarters, keeping volatility high.</p>
<div class="lb-trans"><p>关键的结论是，内部人士仍然持有该公司 25% 的重要股份，提供了坚实的支撑基础。风险在于，内部人士的出售可能在未来几个季度持续，保持高波动性。</p>
</div><h2>Short Interest Is a Risk for CoreWeave Investors</h2>
<div class="lb-trans"><h2>空头头寸对 CoreWeave 投资者构成风险</h2>
</div><p>CoreWeave’s short interest poses a near-term threat to its investors. Short interest has grown steadily over the past two months, reaching a record high of more than 10% in early October. 10% is not insurmountable, but it could continue to trend higher, and the threat of insider selling adds to the risks.</p>
<div class="lb-trans"><p>CoreWeave 的空头头寸对其投资者构成短期威胁。过去两个月，空头头寸稳步增长，在十月初达到了超过 10% 的创纪录高位。10% 并非不可逾越，但可能会继续上升，而内部人士的出售威胁增加了风险。</p>
</div><p>The takeaway is that CoreWeave’s volatility is likely to remain high for the foreseeable future, and there is potential for significant stock price corrections until the shorts exit the market. The critical support levels are near $130, $120, and $100.</p>
<div class="lb-trans"><p>结论是，CoreWeave 的波动性在可预见的未来可能仍然很高，直到空头退出市场，股价可能会出现显著的修正。关键支撑位在 130 美元、120 美元和 100 美元附近。</p>
</div><p>Price action reflects volatility induced by insider and short selling, with the stock price having corrected by more than 50% from its peak, and by analysts, with the October rebound strong.</p>
<div class="lb-trans"><p>价格走势反映了内部人士和空头卖出引发的波动，股价从峰值回调超过 50%，分析师的十月反弹强劲。</p>
</div><p>The next visible catalyst is the Q3 earnings release, scheduled for mid-November, in which analysts forecast a high-single-digit sequential revenue growth but have set the bar low with downward revisions.</p>
<div class="lb-trans"><p>下一个明显的催化剂是计划在 11 月中旬发布的第三季度财报，分析师预测将实现高单位数的顺序收入增长，但已将预期设定较低并进行了下调。</p>
</div><p>The likely outcome, assuming CoreWeave delivers results similar to those of other AI-centric businesses, is significant outperformance and favorable guidance.</p>
<div class="lb-trans"><p>假设 CoreWeave 的业绩与其他以人工智能为中心的企业相似，可能的结果是显著超越预期和有利的指引。</p>
</div>

尽管有内部人士在抛售，CoreWeave 的股票是否仍值得买入？