CoreWeave (NASDAQ:CRWV) CEO Sells $10,952,733.12 in Stock

CoreWeave Inc. (NASDAQ:CRWV) CEO Michael Intrator sold 78,548 shares of the stock in a transaction 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 completion of the sale, the chief executive officer owned 7,150,230 shares in the company, valued at approximately $997,028,071.20. The trade was a 1.09% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

CoreWeave Price Performance

Shares of CoreWeave stock opened at $134.79 on Friday. The stock’s 50-day moving average is $111.91. CoreWeave Inc. has a one year low of $33.51 and a one year high of $187.00. 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 earnings results on Tuesday, August 12th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.07). The company had revenue of $1.21 million during the quarter. The firm’s revenue was up 206.7% compared to the same quarter last year. CoreWeave has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

Analyst Ratings Changes

A number of research analysts recently issued reports on CRWV shares. Hsbc Global Res upgraded CoreWeave to a “moderate sell” rating in a research note on Thursday, July 17th. Raymond James Financial began coverage on CoreWeave in a report on Monday, September 15th. They issued an “outperform” rating and a $130.00 price objective for the company. Wells Fargo & Company raised shares of CoreWeave from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $105.00 to $170.00 in a report on Tuesday, September 23rd. Argus reiterated a “buy” rating and set a $200.00 price target on shares of CoreWeave in a research note on Thursday, August 14th. Finally, HSBC began coverage on shares of CoreWeave in a research report on Wednesday, July 16th. They set a “reduce” rating and a $32.00 price objective on the stock. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $127.64.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Gamco Investors INC. ET AL acquired a new stake in shares of CoreWeave during the 1st quarter valued at approximately $318,000. Goldman Sachs Group Inc. acquired a new stake in shares of CoreWeave in the 1st quarter worth approximately $963,000. Howard Financial Services LTD. purchased a new position in CoreWeave in the 2nd quarter valued at approximately $489,000. McAlister Sweet & Associates Inc. acquired a new position in CoreWeave during the second quarter worth $277,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in CoreWeave during the second quarter worth $117,000.

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.