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

CoreWeave Inc. (NASDAQ:CRWV) CEO Michael Intrator sold 200,000 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $98.88, for a total transaction of $19,776,000.00. Following the transaction, the chief executive officer owned 3,676,815 shares in the company, valued at $363,563,467.20. The trade was a 5.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CoreWeave Stock Up 0.1%

NASDAQ:CRWV traded up $0.13 during mid-day trading on Thursday, hitting $95.74. 22,476,360 shares of the stock traded hands, compared to its average volume of 26,793,024. CoreWeave Inc. has a 52 week low of $63.80 and a 52 week high of $187.00. The firm’s 50 day moving average is $107.41 and its two-hundred day moving average is $92.35. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.31 and a current ratio of 0.31.

CoreWeave (NASDAQ:CRWV) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($1.40) EPS for the quarter, missing the consensus estimate of ($1.17) by ($0.23). The firm had revenue of $2.08 billion for the quarter. CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. The company’s revenue was up 111.6% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.60) EPS. As a group, equities research analysts predict that CoreWeave Inc. will post -4.57 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CoreWeave

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of CoreWeave by 275.6% in the 4th quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company’s stock worth $1,999,421,000 after purchasing an additional 20,487,478 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in CoreWeave by 6,022.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 112,768 shares of the company’s stock valued at $8,075,000 after acquiring an additional 110,926 shares during the last quarter. Legal & General Group Plc lifted its position in CoreWeave by 8,455.6% during the fourth quarter. Legal & General Group Plc now owns 611,301 shares of the company’s stock valued at $43,775,000 after acquiring an additional 604,156 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in CoreWeave by 67.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 66,947 shares of the company’s stock valued at $4,794,000 after acquiring an additional 26,907 shares during the last quarter. Finally, Hidden Lake Asset Management LP purchased a new stake in CoreWeave during the third quarter valued at approximately $14,814,000.

Trending Headlines about CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave says enterprise AI adoption is helping drive strong demand, with record bookings, a nearly $100 billion backlog, and an expanding cloud platform for production AI workloads. Will Enterprise AI Adoption Boost CoreWeave’s Business?
• Positive Sentiment: Management priced a $3.25 billion senior notes deal, including $1.25 billion of 9.625% notes and €2 billion of 8.500% notes due 2032, giving CoreWeave fresh capital to keep expanding its AI infrastructure. CoreWeave Announces Pricing of $1.25 Billion of Senior Notes and €2 Billion of Senior Notes
• Positive Sentiment: Reports that the company’s stock was gaining in premarket trading suggest investors are focusing on the growth story and the funding announcement rather than near-term dilution concerns. CRWV Stock Gains Premarket Amid Market Rebound: Neocloud Operator Announces 3.5B Debt Raise
• Neutral Sentiment: CoreWeave’s insider Brannin McBee sold shares in prearranged 10b5-1 transactions, which is routine but still adds to recent headlines about founder and insider selling. SEC Form 4
• Negative Sentiment: The new debt comes with high interest costs and extends CoreWeave’s already heavy leverage, which may worry investors about balance-sheet risk as the company keeps funding rapid AI expansion.
• Negative Sentiment: Recent reports of large insider and co-founder stock sales since the IPO are creating a headwind for sentiment and may be contributing to volatility in the shares.

Wall Street Analyst Weigh In

CRWV has been the topic of a number of research analyst reports. Needham & Company LLC restated a “hold” rating on shares of CoreWeave in a research note on Friday, February 27th. Bank of America upgraded shares of CoreWeave from a “neutral” rating to a “buy” rating and set a $100.00 target price on the stock in a research note on Tuesday, March 24th. Truist Financial upped their target price on shares of CoreWeave from $85.00 to $131.00 and gave the stock a “hold” rating in a research note on Friday, May 8th. Roth Mkm restated a “buy” rating and issued a $150.00 target price on shares of CoreWeave in a research note on Friday, May 8th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $135.00 target price on shares of CoreWeave in a research note on Friday, May 8th. Twenty research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $131.52.

About CoreWeave

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.