CoreWeave (NASDAQ:CRWV) CEO Sells $4,782,500.00 in Stock

Key Points

• CoreWeave CEO Michael Intrator sold 50,000 shares of the company at an average price of $95.65, totaling approximately $4.78 million.
• CoreWeave reported a 206.7% year-over-year revenue increase, but missed earnings expectations with a reported loss of ($0.27) per share.
• Equities analysts have mixed ratings on CoreWeave, with a consensus rating of "Hold" and an average price target of $107.45.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) CEO Michael N. Intrator sold 50,000 shares of the company's stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $95.65, for a total value of $4,782,500.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

CoreWeave Stock Up 0.2%

CoreWeave stock traded up $0.25 during mid-day trading on Friday, reaching $103.04. 23,912,054 shares of the stock traded hands, compared to its average volume of 26,752,260. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.52 and a current ratio of 0.52. CoreWeave Inc. has a 12-month low of $33.51 and a 12-month high of $187.00. The firm's 50-day simple moving average is $126.36.

CoreWeave (NASDAQ:CRWV - Get Free Report) last posted its quarterly earnings data on Tuesday, August 12th. The company reported ($0.27) EPS 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 company'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.

Analyst Ratings Changes

A number of analysts recently commented on CRWV shares. HC Wainwright upgraded CoreWeave from a "neutral" rating to a "buy" rating and set a $180.00 price objective for the company in a research report on Thursday, August 21st. JPMorgan Chase & Co. upped their price target on CoreWeave from $43.00 to $66.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. DA Davidson restated an "underperform" rating and issued a $36.00 price target on shares of CoreWeave in a research report on Tuesday, June 10th. Argus restated a "buy" rating and issued a $200.00 price target on shares of CoreWeave in a research report on Thursday, August 14th. Finally, HSBC initiated coverage on CoreWeave in a research report on Wednesday, July 16th. They issued a "reduce" rating and a $32.00 price target for the company. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, fifteen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $107.45.

Hedge Funds Weigh In On CoreWeave

A number of hedge funds have recently made changes to their positions in the business. Costello Asset Management INC boosted its stake in shares of CoreWeave by 33.3% in the second quarter. Costello Asset Management INC now owns 400 shares of the company's stock worth $65,000 after acquiring an additional 100 shares during the period. Chelsea Counsel Co. bought a new position in shares of CoreWeave in the second quarter worth about $33,000. Archer Investment Corp bought a new position in shares of CoreWeave in the second quarter worth about $34,000. Chilton Capital Management LLC bought a new position in shares of CoreWeave in the second quarter worth about $39,000. Finally, SOA Wealth Advisors LLC. boosted its stake in shares of CoreWeave by 275.0% in the second quarter. SOA Wealth Advisors LLC. now owns 375 shares of the company's stock worth $61,000 after acquiring an additional 275 shares during the period.

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.