CoreWeave (NASDAQ:CRWV) CEO Michael Intrator Sells 13,129 Shares of Stock

CoreWeave Inc. (NASDAQ:CRWV) CEO Michael Intrator sold 13,129 shares of the stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $99.82, for a total value of $1,310,536.78. Following the sale, the chief executive officer directly owned 4,276,815 shares of the company’s stock, valued at approximately $426,911,673.30. This trade represents a 0.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

CoreWeave Stock Performance

Shares of CRWV stock opened at $105.49 on Friday. The stock has a fifty day moving average of $100.22 and a 200 day moving average of $90.88. CoreWeave Inc. has a 52 week low of $63.80 and a 52 week high of $187.00. The firm has a market capitalization of $47.21 billion, a price-to-earnings ratio of -33.92 and a beta of 7.84. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 3.68.

CoreWeave (NASDAQ:CRWV) last announced its quarterly earnings results on Thursday, February 26th. The company reported ($0.89) EPS for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.28). CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.The business had revenue of $1.57 billion during the quarter. The firm’s revenue for the quarter was up 110.4% on a year-over-year basis. As a group, research analysts expect that CoreWeave Inc. will post -4.58 earnings per share for the current year.

Institutional Trading of CoreWeave

Several hedge funds have recently modified their holdings of CRWV. Sivia Capital Partners LLC purchased a new stake in shares of CoreWeave during the 2nd quarter worth approximately $39,824,000. Quantbot Technologies LP purchased a new stake in CoreWeave in the second quarter worth $311,000. Invesco Ltd. purchased a new stake in CoreWeave in the second quarter worth $882,000. First Trust Advisors LP purchased a new stake in CoreWeave in the second quarter worth $20,260,000. Finally, Baird Financial Group Inc. bought a new position in shares of CoreWeave during the 2nd quarter worth $455,000.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave announced that CFO Nitin Agrawal will present at the Jefferies Software, Internet, and AI Conference on May 27, which keeps the company visible to investors and may reinforce the bullish AI growth narrative. CoreWeave to Participate in the Jefferies Software, Internet, and AI Conference
• Positive Sentiment: New coverage highlighted CoreWeave’s partnership with Pulumi, which ties its GPU cloud more tightly into AI developer workflows and could make the platform stickier for enterprise customers. CoreWeave Pulumi Deal Ties GPU Cloud To AI Developer Workflows
• Positive Sentiment: Several bullish articles continue to frame CoreWeave as a major beneficiary of AI infrastructure spending, citing strong revenue growth, a large backlog, and a new expanded AI infrastructure agreement with Meta. CoreWeave Scores Big With Meta — We See 66% Upside
• Neutral Sentiment: Market commentary comparing CoreWeave with Oracle and other AI infrastructure names may keep the stock in focus, but it does not add a clear new catalyst by itself. CoreWeave vs. Oracle: Which AI Infrastructure Stock is the Better Pick?
• Negative Sentiment: Insider selling remains a headwind, with CEO Michael Intrator and insider Brian Venturo both selling shares this week, which can weigh on investor confidence despite the trades being under pre-arranged 10b5-1 plans. CoreWeave insider trading filing
• Negative Sentiment: Recent analyst and media commentary has also been cautious, pointing to CoreWeave’s leverage, losses, and valuation risk, which helps explain why the stock has faced selling pressure despite strong AI demand. As AI infrastructure heats up, stay on the sidelines with CoreWeave stock

Wall Street Analysts Forecast Growth

Several brokerages have commented on CRWV. Evercore reissued an “outperform” rating and set a $150.00 price objective on shares of CoreWeave in a research report on Wednesday, April 15th. Cantor Fitzgerald boosted their target price on CoreWeave from $156.00 to $167.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. Mizuho boosted their price target on CoreWeave from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Wolfe Research began coverage on CoreWeave in a research note on Thursday, April 16th. They set an “outperform” rating and a $150.00 price target for the company. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of CoreWeave in a research note on Monday, May 4th. Nineteen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.63.

CoreWeave Company Profile

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.