Michael Intrator Sells 50,000 Shares of CoreWeave (NASDAQ:CRWV) Stock

Key Points

• CEO Michael Intrator of CoreWeave Inc. sold 50,000 shares at an average price of $118.57, totaling $5,928,500 in a transaction dated October 22nd.
• CoreWeave's stock increased by 7.5% to $132.55, with a trading volume of over 21 million shares on Friday.
• Following recent earnings, CoreWeave's year-over-year revenue jumped by 206.7%, although it reported a loss of ($0.27) earnings per share, missing estimates.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) CEO Michael Intrator sold 50,000 shares of the firm's stock in a transaction that occurred on Wednesday, October 22nd. The stock was sold at an average price of $118.57, for a total transaction of $5,928,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

CoreWeave Stock Up 7.5%

CRWV stock traded up $9.21 on Friday, hitting $132.55. The company had a trading volume of 21,173,103 shares, compared to its average volume of 23,212,816. CoreWeave Inc. has a 12-month low of $33.51 and a 12-month high of $187.00. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 2.79. The stock's 50-day simple moving average is $116.91 and its 200 day simple moving average is $110.19.

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

Institutional Trading of CoreWeave

Several hedge funds have recently made changes to their positions in the business. Costello Asset Management INC grew its stake in shares of CoreWeave by 33.3% during the second quarter. Costello Asset Management INC now owns 400 shares of the company's stock valued at $65,000 after buying an additional 100 shares during the last quarter. Family Legacy Financial Solutions LLC grew its holdings in CoreWeave by 166.7% in the third quarter. Family Legacy Financial Solutions LLC now owns 200 shares of the company's stock worth $27,000 after purchasing an additional 125 shares during the last quarter. CoreCap Advisors LLC increased its position in shares of CoreWeave by 29.6% during the third quarter. CoreCap Advisors LLC now owns 644 shares of the company's stock worth $88,000 after purchasing an additional 147 shares in the last quarter. Chelsea Counsel Co. purchased a new stake in shares of CoreWeave during the 2nd quarter valued at $33,000. Finally, HighMark Wealth Management LLC acquired a new stake in shares of CoreWeave in the 3rd quarter worth $27,000.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on CRWV shares. Mizuho reiterated a "neutral" rating and set a $150.00 price target (up previously from $70.00) on shares of CoreWeave in a research note on Tuesday, July 8th. Citigroup upgraded shares of CoreWeave from a "neutral" rating to a "buy" rating and set a $160.00 price target on the stock in a research note on Thursday, July 31st. Seaport Res Ptn upgraded shares of CoreWeave to a "hold" rating in a research note on Monday, September 15th. Wells Fargo & Company upgraded shares of CoreWeave from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $105.00 to $170.00 in a research note on Tuesday, September 23rd. Finally, Evercore ISI initiated coverage on shares of CoreWeave in a research note on Tuesday, September 30th. They set an "outperform" rating and a $175.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, CoreWeave presently has an average rating of "Moderate Buy" and a consensus target price of $127.64.

About CoreWeave

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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