CoreWeave (NASDAQ:CRWV) CEO Sells 200,000 Shares of Stock

Key Points

• CEO Michael Intrator sold 200,000 CoreWeave shares for approximately $17.4 million at an average price of $86.82 under a pre-arranged Rule 10b5-1 plan, reducing his direct stake by 22.54%.
• CoreWeave reported quarterly revenue of $2.58 billion, up 112.5% year over year, and narrowed its loss relative to analyst expectations. However, the company remains unprofitable and carries significant leverage, including a debt-to-equity ratio of 5.53.
• Analyst sentiment is broadly positive, with JPMorgan upgrading the stock to Overweight and the consensus rating standing at Moderate Buy with a $138.78 price target. CoreWeave’s AI infrastructure growth prospects are supported by new customer agreements, though a sizable convertible-notes offering adds debt and potential dilution risks.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) CEO Michael Intrator sold 200,000 shares of CoreWeave stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $86.82, for a total value of $17,364,000.00. Following the completion of the sale, the chief executive officer directly owned 687,129 shares of the company's stock, valued at approximately $59,656,539.78. This represents a 22.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CoreWeave Stock Performance

CoreWeave stock traded up $3.23 during trading on Thursday, hitting $90.13. The company's stock had a trading volume of 33,660,490 shares, compared to its average volume of 26,381,484. The stock's fifty day moving average is $85.80 and its 200 day moving average is $94.40. CoreWeave Inc. has a 1-year low of $60.55 and a 1-year high of $153.20. The company has a debt-to-equity ratio of 5.53, a quick ratio of 0.46 and a current ratio of 0.46.

CoreWeave (NASDAQ:CRWV - Get Free Report) last issued its quarterly earnings results on Tuesday, August 11th. The company reported ($1.14) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($1.52) by $0.38. The firm had revenue of $2.58 billion for the quarter. CoreWeave had a negative return on equity of 47.95% and a negative net margin of 25.41%.The firm's quarterly revenue was up 112.5% on a year-over-year basis. During the same period in the previous year, the business posted ($0.27) earnings per share. On average, equities analysts forecast that CoreWeave Inc. will post -5.19 earnings per share for the current year.

Key CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: JPMorgan upgraded CoreWeave to Overweight from Neutral and raised its price target to $125 from $120. The bank cited premium short-term compute pricing and favorable contracts, suggesting CoreWeave may have stronger pricing power as demand for AI capacity outpaces supply. JPMorgan upgrades CoreWeave to Overweight on premium short-term compute pricing
• Positive Sentiment: UBS initiated coverage with a Buy rating and a $120 price target, also pointing to resilient AI-compute demand and a valuation it considers undemanding relative to CoreWeave’s growth prospects. The additional bullish coverage is supporting sentiment toward the stock. CoreWeave gets Buy rating from UBS as AI compute demand strengthens
• Positive Sentiment: CoreWeave announced a multi-year agreement with Harell Data to provide infrastructure for AI model training, fine-tuning and inference. The deal expands its customer base and could create another avenue for growth amid intense competition in cloud services. Harell Data Selects CoreWeave to Power Its Secure Platform for AI Model Training
• Positive Sentiment: CoreWeave earned SemiAnalysis’ Platinum ClusterMAX rating for the third consecutive evaluation—the only provider to receive the distinction each time. The recognition reinforces its positioning on AI-cloud performance, reliability and scalability. CoreWeave earns SemiAnalysis Platinum ClusterMAX rating
• Neutral Sentiment: Despite the positive catalysts, trading has been mixed across AI infrastructure stocks, indicating that investors remain selective and focused on funding needs, valuation and execution.
• Negative Sentiment: CoreWeave completed an upsized convertible-notes offering totaling approximately $3.7 billion in principal, with reports describing a $4.2 billion transaction value. The financing provides capital for data-center expansion but increases debt obligations, interest costs and potential future share dilution as capital spending accelerates. CoreWeave closes $4.2 billion convertible notes deal

Hedge Funds Weigh In On CoreWeave

Hedge funds and other institutional investors have recently modified their holdings of the company. Essential Partners LLC acquired a new stake in CoreWeave during the 2nd quarter worth approximately $30,000. Peterson Wealth Services raised its holdings in CoreWeave by 153.1% in the first quarter. Peterson Wealth Services now owns 405 shares of the company's stock valued at $31,000 after buying an additional 245 shares during the period. Cassaday & Co Wealth Management LLC acquired a new position in CoreWeave during the first quarter valued at approximately $31,000. Burnham & Co LLC acquired a new position in CoreWeave during the second quarter valued at approximately $32,000. Finally, Hazlett Burt & Watson Inc. grew its stake in CoreWeave by 34.7% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 462 shares of the company's stock worth $33,000 after buying an additional 119 shares during the period.

Analysts Set New Price Targets

Several research firms recently issued reports on CRWV. Sanford C. Bernstein raised their target price on shares of CoreWeave from $67.00 to $74.00 and gave the stock an "underperform" rating in a research report on Wednesday, August 12th. Btg Pactual set a $125.00 price target on shares of CoreWeave in a research report on Monday. Needham & Company LLC reaffirmed a "hold" rating on shares of CoreWeave in a research note on Thursday, August 13th. Roth Capital set a $145.00 price target on shares of CoreWeave in a report on Thursday, August 13th. Finally, JPMorgan Chase & Co. raised shares of CoreWeave from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $120.00 to $125.00 in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, nine have assigned a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $138.78.

CoreWeave Company Profile

CoreWeave, Inc is a specialized cloud computing provider focused on infrastructure for artificial intelligence, machine learning, high-performance computing and other data-intensive workloads. The company provides access to accelerated computing resources, particularly graphics processing units (GPUs), through a cloud platform designed for large-scale training, inference, rendering and scientific computing.

Its offerings include on-demand and reserved GPU instances, cloud storage, high-speed networking, Kubernetes-based container orchestration and managed services for deploying and scaling workloads.

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