CoreWeave (NASDAQ:CRWV) CEO Sells $10,952,733.12 in Stock

Key Points

• CoreWeave CEO Michael Intrator sold 78,548 shares for a total of $10,952,733.12, reducing his ownership to 7,150,230 shares valued at approximately $997 million.
• Despite missing earnings estimates with a reported (0.27) earnings per share, CoreWeave's quarterly revenue surged by 206.7% year-over-year.
• Analysts have increased their price targets for CoreWeave with Northland Securities setting a new target of $165.00 and several others upgrading the stock's rating.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) CEO Michael Intrator sold 78,548 shares of the stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $139.44, for a total value of $10,952,733.12. Following the completion of the transaction, the chief executive officer directly owned 7,150,230 shares of the company's stock, valued at approximately $997,028,071.20. The trade was a 1.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

CoreWeave Stock Up 0.7%

Shares of NASDAQ CRWV traded up $0.95 during midday trading on Thursday, hitting $138.00. The stock had a trading volume of 21,499,154 shares, compared to its average volume of 34,054,084. CoreWeave Inc. has a fifty-two week low of $33.51 and a fifty-two week high of $187.00. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.52 and a current ratio of 0.52. The stock has a 50-day simple moving average of $111.53.

CoreWeave (NASDAQ:CRWV - Get Free Report) last posted its earnings results on Tuesday, August 12th. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.07). The business had revenue of $1.21 million during the quarter. The business's quarterly 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 Analysts Forecast Growth

A number of analysts recently weighed in on the company. Northland Securities increased their price objective on CoreWeave from $85.00 to $165.00 and gave the company an "outperform" rating in a report on Friday, July 18th. Citigroup raised shares of CoreWeave from a "neutral" rating to a "buy" rating and set a $160.00 target price on the stock in a research report on Thursday, July 31st. Melius Research set a $165.00 price target on shares of CoreWeave and gave the stock a "buy" rating in a research note on Tuesday, September 23rd. Wells Fargo & Company upgraded shares of CoreWeave from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $105.00 to $170.00 in a research note on Tuesday, September 23rd. Finally, Needham & Company LLC restated a "hold" rating on shares of CoreWeave in a research report on Wednesday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, CoreWeave has an average rating of "Moderate Buy" and an average target price of $127.64.

Institutional Trading of CoreWeave

Institutional investors and hedge funds have recently modified their holdings of the company. Nvidia Corp grew its stake in CoreWeave by 0.4% during the second quarter. Nvidia Corp now owns 24,277,573 shares of the company's stock valued at $3,958,701,000 after acquiring an additional 95,113 shares in the last quarter. Cisco Systems Inc. purchased a new position in shares of CoreWeave in the 2nd quarter worth approximately $173,493,000. Geode Capital Management LLC grew its position in CoreWeave by 142.6% during the 2nd quarter. Geode Capital Management LLC now owns 716,178 shares of the company's stock worth $116,809,000 after purchasing an additional 420,915 shares during the last quarter. Lmdagg L.L.C. acquired a new stake in shares of CoreWeave during the 2nd quarter valued at about $48,030,000. Finally, Sivia Capital Partners LLC acquired a new position in CoreWeave in the 2nd quarter worth about $39,824,000.

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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