CoreWeave (NASDAQ:CRWV) CEO Michael Intrator Sells 34,826 Shares

Key Points

• Michael Intrator, CEO of CoreWeave, sold 34,826 shares of the company's stock for approximately $4.72 million, reducing his ownership by 69.65%.
• CoreWeave's stock traded up 2.2% to $143.08, following a significant increase in revenue of 206.7% year-over-year despite reporting earnings that missed analyst estimates.
• Analysts are optimistic about CoreWeave, with multiple firms issuing buy ratings and price targets ranging from $65.00 to $200.00, signaling strong market interest.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) CEO Michael Intrator sold 34,826 shares of CoreWeave stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $135.44, for a total value of $4,716,833.44. Following the completion of the sale, the chief executive officer owned 15,174 shares in the company, valued at approximately $2,055,166.56. This trade represents a 69.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

CoreWeave Trading Up 2.2%

Shares of CoreWeave stock traded up $3.10 during trading on Thursday, reaching $143.08. The company's stock had a trading volume of 24,466,134 shares, compared to its average volume of 22,953,514. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 2.79. CoreWeave Inc. has a 12-month low of $33.51 and a 12-month high of $187.00. The business has a 50 day moving average price of $113.53 and a 200-day moving average price of $105.30.

CoreWeave (NASDAQ:CRWV - Get Free Report) last posted its quarterly earnings results on Tuesday, August 12th. The company reported ($0.27) earnings per share for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.07). The company had revenue of $1.21 million during the quarter. The firm's revenue was up 206.7% on a year-over-year basis. CoreWeave has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CRWV shares. Loop Capital started coverage on CoreWeave in a report on Friday, September 19th. They set a "buy" rating and a $165.00 price objective for the company. Barclays lifted their price objective on CoreWeave from $100.00 to $140.00 and gave the stock an "equal weight" rating in a report on Monday, July 21st. Argus reaffirmed a "buy" rating and set a $200.00 price objective on shares of CoreWeave in a report on Thursday, August 14th. Moffett Nathanson lifted their price objective on CoreWeave from $56.00 to $65.00 and gave the stock a "neutral" rating in a report on Tuesday, August 19th. Finally, Morgan Stanley boosted their price target on CoreWeave from $58.00 to $91.00 and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $127.64.

Institutional Investors Weigh In On CoreWeave

Institutional investors and hedge funds have recently modified their holdings of the stock. Family Legacy Financial Solutions LLC boosted its position in shares of CoreWeave by 166.7% in the third quarter. Family Legacy Financial Solutions LLC now owns 200 shares of the company's stock worth $27,000 after buying an additional 125 shares during the period. Princeton Global Asset Management LLC purchased a new position in CoreWeave in the third quarter valued at about $28,000. Chelsea Counsel Co. purchased a new position in CoreWeave in the second quarter valued at about $33,000. Archer Investment Corp purchased a new position in CoreWeave in the second quarter valued at about $34,000. Finally, Chilton Capital Management LLC purchased a new position in CoreWeave in the second quarter valued at about $39,000.

CoreWeave Company Profile

CoreWeave, Inc engages in the powers of the creation and delivery of the intelligence that drives innovation. It offers a solution used by organizations of all sizes that require sophisticated AI computing, from the largest of enterprises to small, well-funded start-ups. The company was founded by Michael Intrator, Brian Venturo, and Brannin McBee on September 21, 2017 and is headquartered in Livingston, NJ.

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