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

Key Points

• CoreWeave CEO Michael Intrator sold 200,000 shares at an average price of $81.66, generating $16.33 million. The Rule 10b5-1 transaction reduced his ownership by 13.45%, though he still held 1.29 million shares afterward.
• CoreWeave shares rose 4.5% to $84.56, despite financial challenges including a negative net margin, negative return on equity, and a high debt-to-equity ratio of 5.53. Quarterly revenue surged 112.5% year over year to $2.58 billion, while adjusted EPS beat analyst expectations.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and a $141.90 target price. Twenty-one analysts rate the stock Buy, compared with 10 Holds and three Sells.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) CEO Michael Intrator sold 200,000 shares of the company's stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $81.66, for a total value of $16,332,000.00. Following the sale, the chief executive officer owned 1,287,129 shares of the company's stock, valued at approximately $105,106,954.14. This represents a 13.45% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CoreWeave Stock Up 4.5%

NASDAQ:CRWV traded up $3.63 on Thursday, hitting $84.56. The company had a trading volume of 18,736,433 shares, compared to its average volume of 27,028,080. CoreWeave Inc. has a 52 week low of $60.55 and a 52 week high of $153.20. The company has a debt-to-equity ratio of 5.53, a current ratio of 0.46 and a quick ratio of 0.46. The firm has a 50 day moving average of $85.47 and a two-hundred day moving average of $94.43.

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on CRWV. JPMorgan Chase & Co. upped their target price on CoreWeave from $105.00 to $110.00 and gave the company a "neutral" rating in a report on Tuesday, August 11th. DA Davidson restated a "neutral" rating and set a $100.00 price target (down from $175.00) on shares of CoreWeave in a report on Monday, May 18th. BTIG Research began coverage on shares of CoreWeave in a research note on Wednesday, July 22nd. They issued a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $150.00 price objective on shares of CoreWeave in a research report on Friday, August 7th. Finally, Wolfe Research reissued an "outperform" rating on shares of CoreWeave in a research note on Monday, July 6th. Twenty-one research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $141.90.

Hedge Funds Weigh In On CoreWeave

Several institutional investors have recently added to or reduced their stakes in CRWV. Cullen Frost Bankers Inc. increased its stake in shares of CoreWeave by 45.8% in the 4th quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company's stock valued at $28,000 after acquiring an additional 121 shares in the last quarter. Greenline Wealth Management LLC acquired a new position in shares of CoreWeave during the 4th quarter valued at $28,000. Essential Partners LLC bought a new position in CoreWeave during the second quarter worth $30,000. Peterson Wealth Services boosted its stake in CoreWeave by 153.1% during the first quarter. Peterson Wealth Services now owns 405 shares of the company's stock worth $31,000 after acquiring an additional 245 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC acquired a new stake in CoreWeave in the first quarter worth $31,000.

CoreWeave Company Profile

CoreWeave is a U.S.-based provider of GPU-accelerated cloud infrastructure designed to support compute-intensive workloads such as artificial intelligence, machine learning, visual effects rendering and other high-performance computing applications. The company supplies access to large fleets of modern GPUs and complementary infrastructure that enable customers to train and deploy large models, run inference at scale, and process graphics-heavy workloads with low latency and high throughput.

CoreWeave’s product offering includes on-demand and dedicated GPU instances, bare-metal servers, private clusters and managed services tailored for enterprise and developer use.

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