CoreWeave (NASDAQ:CRWV) CEO Michael Intrator Sells 61,810 Shares

Key Points

• CoreWeave CEO Michael Intrator sold 61,810 shares of the company's stock for approximately $8.13 million, resulting in a 0.86% decrease in his ownership stake.
• The company's stock jumped 2.2% to $143.08 following trading hours, with a notable trading volume of over 24 million shares.
• CoreWeave's latest earnings report showed a 206.7% increase in quarterly revenue year-over-year, despite reporting an EPS miss of $0.27 compared to the consensus estimate.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) CEO Michael Intrator sold 61,810 shares of the company's stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $131.54, for a total transaction of $8,130,487.40. Following the completion of the transaction, the chief executive officer owned 7,088,420 shares in the company, valued at approximately $932,410,766.80. This represents a 0.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

CoreWeave Trading Up 2.2%

CoreWeave stock traded up $3.10 during trading hours on Thursday, hitting $143.08. The company 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 fifty-two week low of $33.51 and a fifty-two week high of $187.00. The firm's fifty day moving average is $113.53 and its 200-day moving average is $105.30.

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CRWV. Gamco Investors INC. ET AL bought a new position in shares of CoreWeave in the 1st quarter valued at about $318,000. Goldman Sachs Group Inc. bought a new position in shares of CoreWeave in the 1st quarter valued at about $963,000. Howard Financial Services LTD. bought a new position in shares of CoreWeave in the 2nd quarter valued at about $489,000. McAlister Sweet & Associates Inc. bought a new position in shares of CoreWeave in the 2nd quarter valued at about $277,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in CoreWeave during the 2nd quarter worth approximately $117,000.

Analyst Ratings Changes

CRWV has been the subject of several recent analyst reports. Arete Research raised shares of CoreWeave from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 21st. Argus reiterated a "buy" rating and set a $200.00 target price on shares of CoreWeave in a research note on Thursday, August 14th. Wells Fargo & Company upgraded shares of CoreWeave from an "equal weight" rating to an "overweight" rating and upped their target price for the company from $105.00 to $170.00 in a research note on Tuesday, September 23rd. HC Wainwright upgraded shares of CoreWeave from a "neutral" rating to a "buy" rating and set a $180.00 price objective for the company in a research note on Thursday, August 21st. Finally, Arete upgraded shares of CoreWeave from a "neutral" rating to a "buy" rating and set a $180.00 price objective for the company in a research note on Thursday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, CoreWeave has a consensus rating of "Moderate Buy" and an average target price of $127.64.

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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