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

CoreWeave Inc. (NASDAQ:CRWV) CEO Michael Intrator sold 200,000 shares of the company’s stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $86.82, for a total transaction of $17,364,000.00. Following the sale, the chief executive officer directly owned 687,129 shares of the company’s stock, valued at approximately $59,656,539.78. This trade represents a 22.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CoreWeave Price Performance

NASDAQ:CRWV traded up $3.23 during trading hours on Thursday, hitting $90.13. The stock had a trading volume of 33,660,490 shares, compared to its average volume of 26,381,484. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 5.53. CoreWeave Inc. has a 1-year low of $60.55 and a 1-year high of $153.20. The business has a 50 day simple moving average of $85.80 and a two-hundred day simple moving average of $94.40.

CoreWeave (NASDAQ:CRWV) last announced its 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. CoreWeave had a negative return on equity of 47.95% and a negative net margin of 25.41%.The business had revenue of $2.58 billion for the quarter. During the same period in the previous year, the firm posted ($0.27) earnings per share. The firm’s revenue was up 112.5% compared to the same quarter last year. Analysts expect that CoreWeave Inc. will post -5.19 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. TD Cowen upgraded shares of CoreWeave to a “buy” rating in a research note on Wednesday, July 22nd. BNP Paribas Exane initiated coverage on CoreWeave in a research note on Tuesday, June 2nd. They issued an “outperform” rating and a $192.00 target price for the company. BTIG Research initiated coverage on CoreWeave in a research report on Wednesday, July 22nd. They set a “buy” rating on the stock. Sanford C. Bernstein raised their price target on CoreWeave from $67.00 to $74.00 and gave the stock an “underperform” rating in a report on Wednesday, August 12th. Finally, Mizuho boosted their price objective on CoreWeave from $100.00 to $115.00 and gave the company a “neutral” rating in a research report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, nine have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $138.78.

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

Institutional Investors Weigh In On CoreWeave

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Essential Partners LLC acquired a new position in CoreWeave during the second quarter worth about $30,000. Peterson Wealth Services lifted its holdings in CoreWeave by 153.1% in the 1st quarter. Peterson Wealth Services now owns 405 shares of the company’s stock valued at $31,000 after acquiring an additional 245 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new stake in CoreWeave in the 1st quarter valued at about $31,000. Burnham & Co LLC bought a new position in shares of CoreWeave during the 2nd quarter valued at about $32,000. Finally, Hazlett Burt & Watson Inc. boosted its position in shares of CoreWeave by 34.7% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 462 shares of the company’s stock valued at $33,000 after purchasing an additional 119 shares in the last quarter.

About CoreWeave

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.