CoreWeave (NASDAQ:CRWV) CEO Michael Intrator Sells 78,548 Shares of Stock

CoreWeave Inc. (NASDAQ:CRWV) CEO Michael Intrator sold 78,548 shares of CoreWeave stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $139.44, for a total value of $10,952,733.12. Following the transaction, the chief executive officer owned 7,150,230 shares of the company’s stock, valued at approximately $997,028,071.20. This represents a 1.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

CoreWeave Stock Performance

CoreWeave stock opened at $138.00 on Friday. CoreWeave Inc. has a 12 month low of $33.51 and a 12 month high of $187.00. The firm has a 50 day simple moving average of $111.53. The company has a debt-to-equity ratio of 2.79, a current ratio of 0.52 and a quick ratio of 0.52.

CoreWeave (NASDAQ:CRWV) last posted its quarterly earnings data on Tuesday, August 12th. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.07). The firm had revenue of $1.21 million during 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.

Hedge Funds Weigh In On CoreWeave

Hedge funds have recently bought and sold shares of the company. Chelsea Counsel Co. acquired a new position in CoreWeave during the 2nd quarter worth about $33,000. Archer Investment Corp purchased a new stake in CoreWeave during the 2nd quarter worth about $34,000. Chilton Capital Management LLC purchased a new stake in CoreWeave during the 2nd quarter worth about $39,000. TD Waterhouse Canada Inc. purchased a new stake in CoreWeave during the 2nd quarter worth about $47,000. Finally, Montag A & Associates Inc. purchased a new stake in CoreWeave during the 2nd quarter worth about $49,000.

Analyst Ratings Changes

CRWV has been the subject of a number of recent analyst reports. HSBC initiated coverage on CoreWeave in a research report on Wednesday, July 16th. They issued a “reduce” rating and a $32.00 price objective for the company. Melius raised CoreWeave from a “hold” rating to a “buy” rating and set a $165.00 price target on the stock in a research note on Tuesday, September 23rd. Wells Fargo & Company raised CoreWeave from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $105.00 to $170.00 in a research note on Tuesday, September 23rd. Melius Research set a $165.00 price target on CoreWeave and gave the stock a “buy” rating in a research note on Tuesday, September 23rd. Finally, Mizuho reaffirmed a “neutral” rating and issued a $150.00 price target (up from $70.00) on shares of CoreWeave in a research note on Tuesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, CoreWeave presently has a consensus 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.