Insider Selling: CoreWeave (NASDAQ:CRWV) CEO Sells $27,140,100.80 in Stock

CoreWeave Inc. (NASDAQ:CRWV) CEO Michael Intrator sold 278,560 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $97.43, for a total value of $27,140,100.80. Following the completion of the sale, the chief executive officer directly owned 3,138,612 shares in the company, valued at approximately $305,794,967.16. The trade was a 8.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

CoreWeave Price Performance

Shares of CRWV traded down $3.93 during trading hours on Thursday, reaching $81.75. 32,560,914 shares of the company’s stock traded hands, compared to its average volume of 29,589,840. CoreWeave Inc. has a 12 month low of $63.80 and a 12 month high of $166.22. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 3.68. The stock has a market cap of $36.59 billion, a PE ratio of -26.29 and a beta of 7.17. The firm’s 50 day simple moving average is $108.29 and its 200-day simple moving average is $94.80.

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

Hedge Funds Weigh In On CoreWeave

Large investors have recently added to or reduced their stakes in the business. Western Wealth Management LLC bought a new stake in CoreWeave during the 1st quarter valued at $300,000. Empowered Funds LLC grew its holdings in CoreWeave by 4.1% in the 1st quarter. Empowered Funds LLC now owns 7,251 shares of the company’s stock worth $562,000 after acquiring an additional 288 shares during the last quarter. NewEdge Advisors LLC grew its holdings in CoreWeave by 22.2% in the 1st quarter. NewEdge Advisors LLC now owns 59,155 shares of the company’s stock worth $4,583,000 after acquiring an additional 10,731 shares during the last quarter. CTC Alternative Strategies Ltd. purchased a new position in shares of CoreWeave in the first quarter valued at about $852,000. Finally, Liontrust Investment Partners LLP increased its position in shares of CoreWeave by 24.1% in the first quarter. Liontrust Investment Partners LLP now owns 127,752 shares of the company’s stock valued at $9,897,000 after acquiring an additional 24,843 shares during the period.

Analyst Ratings Changes

Several analysts have recently weighed in on CRWV shares. Mizuho raised their price objective on shares of CoreWeave from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. DA Davidson restated a “neutral” rating and set a $100.00 price target (down from $175.00) on shares of CoreWeave in a research report on Monday, May 18th. Roth Mkm reaffirmed a “buy” rating and set a $150.00 price target on shares of CoreWeave in a research note on Friday, May 8th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $135.00 price objective on shares of CoreWeave in a research report on Friday, May 8th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $167.00 price objective on shares of CoreWeave in a report on Thursday, June 11th. Twenty-one equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, CoreWeave currently has an average rating of “Moderate Buy” and a consensus price target of $135.00.

Key Stories Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Rosenblatt Securities reaffirmed a buy rating on CoreWeave, signaling that at least some analysts still see meaningful upside despite the selloff. Coreweave Sell-off Sparks Buying Opportunity, Analyst Says Meta Fears Are Overblown
• Positive Sentiment: Supportive commentary argued the Meta-driven selloff may be overdone because CoreWeave still has a massive AI backlog and continued demand for compute capacity. CoreWeave (CRWV) Stock May Still Look Cheap Following Record AI Backlog
• Neutral Sentiment: CoreWeave launched ARIA, an AI research agent in Weights & Biases designed to automate analysis and speed model iteration, which is a product-positive update but not a major near-term stock catalyst. CoreWeave Unveils ARIA to Accelerate AI Research and Agent Development
• Neutral Sentiment: CoreWeave expanded its Livingston headquarters, a sign of continued growth, but the news is not enough to offset the current investor concern around competition and valuation. CoreWeave Expands HQ with Additional 31,000 SF in Livingston
• Negative Sentiment: Meta’s reported plan to sell excess AI compute has intensified fears that large hyperscalers could compete directly with CoreWeave, driving concern over future pricing power and customer retention. Stock Market Today, July 1: CoreWeave Stock Tumbles as Meta Cloud Report Raises Customer Concerns
• Negative Sentiment: Multiple reports highlighted CoreWeave’s heavy debt load and recent insider selling, adding to worries that the stock’s valuation may be vulnerable if growth expectations cool. CoreWeave Just Slipped Under $50 Billion. Is the Debt Finally Catching Up?

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.