CoreWeave, Inc. reported a set of insider transactions by Chief Development Officer McBee Brannin on February 17, 2026. Through the Canis Major 2025 GRAT and the Canis Minor 2025 GRAT, Brannin sold a combined $3.05 million of Class A common stock, with the sales executed at weighted average prices spanning $89.84 to $95.38.
Detailed filings show the Canis Major 2025 GRAT disposed of 25,827 shares of Class A common stock in multiple trades, with individual sale prices ranging from $89.19 to $95.07. The Canis Minor 2025 GRAT sold 8,315 shares, with those sales executed at prices between $89.8363 and $95.38.
On the same day as those dispositions, Brannin also converted Class B common shares into Class A common shares through the same trusts. Specifically, 25,000 shares of Class B were converted to Class A via Canis Major 2025 GRAT, and 8,315 shares of Class B were converted to Class A via Canis Minor 2025 GRAT.
These transactions occurred days before CoreWeave’s quarterly results, which were scheduled for release on February 26. At the time of reporting, the company’s stock had risen to $97.14, representing a 143% increase over the past 12 months.
Additional corporate and market developments have surrounded CoreWeave in recent months. HSBC reduced its price target for the company to $41.00 while maintaining a Reduce rating, citing concerns about rising interest costs. Supporting that concern in the filings was a note that the company’s credit default swap spreads widened by 250 basis points in the third quarter of 2025, a move that can signal higher expected future borrowing costs.
By contrast, Citizens retained a Market Outperform rating on CoreWeave with a $180.00 price target, calling out the company’s position in the GPU-as-a-Service market and referencing a revenue backlog in excess of $56 billion.
On the marketing and brand side, CoreWeave launched its first integrated brand campaign, titled "Ready for Anything, Ready for AI," during the Winter Olympics and enlisted Chance the Rapper as part of that effort. The campaign is intended to reinforce the company’s profile within the AI cloud market.
Insider activity at the company has not been limited to Brannin. CoreWeave’s chief executive officer, Michael Intrator, sold 32,455 shares of Class A common stock in February 2026, with those sales reported at prices ranging roughly from $89.29 to $97.10 per share.
Taken together, the recent insider sales, Class B-to-A conversions, analyst positioning, and marketing initiatives contribute to an active period for CoreWeave as it approaches an imminent earnings announcement. The filings and analyst commentary cited above capture the contemporaneous details disclosed by the company and market participants.