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 firm’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $88.60, for a total transaction of $17,720,000.00. Following the completion of the transaction, the chief executive officer owned 1,487,129 shares of the company’s stock, valued at $131,759,629.40. This trade represents a 11.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CoreWeave Price Performance

CoreWeave stock traded down $1.21 during midday trading on Thursday, reaching $86.80. 19,714,715 shares of the stock were exchanged, compared to its average volume of 31,410,956. The company’s fifty day moving average is $87.84 and its 200-day moving average is $94.87. The company has a debt-to-equity ratio of 5.53, a quick ratio of 0.46 and a current ratio of 0.46. CoreWeave Inc. has a 52 week low of $60.55 and a 52 week high of $153.20.

CoreWeave (NASDAQ:CRWV) last announced its quarterly earnings results on Tuesday, August 11th. The company reported ($1.14) EPS for the quarter, beating the consensus estimate of ($1.52) by $0.38. The firm had revenue of $2.58 billion during the quarter. CoreWeave had a negative net margin of 25.41% and a negative return on equity of 47.95%. The firm’s revenue for the quarter was up 112.5% on a year-over-year basis. During the same period in the previous year, the business earned ($0.27) earnings per share. As a group, equities analysts forecast that CoreWeave Inc. will post -5.19 EPS for the current year.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave announced or expanded relationships with Hudson River Trading and Rescale, reinforcing demand for its AI cloud-computing services and potentially improving infrastructure utilization. CoreWeave Stock Trending as Company Lands Deals With Hudson River Trading, Rescale
• Positive Sentiment: Truist argued that NVIDIA’s reported roughly 17% GPU price increase may not hurt CoreWeave’s margins as much as expected. Strong customer demand, pricing power, and contract structures could allow CoreWeave to pass higher equipment costs through to customers; Truist reportedly sees substantial upside potential. Nvidia’s GPU Price Hikes Look Bad for CoreWeave. Truist Says the Opposite May Be True
• Positive Sentiment: NVIDIA’s strong quarterly results and reported minimum-revenue guarantees for some neocloud providers offered further evidence of robust AI infrastructure demand and could help CoreWeave secure financing or customer commitments. CRWV, NBIS, IREN Stocks Jump Overnight on Nvidia’s Blowout Q2
• Neutral Sentiment: Analyst commentary remains mixed: AI demand is outstripping available capacity, but comparisons with other data-center operators highlight CoreWeave’s substantial capital requirements, debt burden, and execution risks. CoreWeave: AI Demand Outstrips Supply, Yet The Stock Isn’t A Buy
• Negative Sentiment: Director Brannin McBee sold approximately $21.4 million of CoreWeave shares at $85.51 under pre-arranged Rule 10b5-1 plans. Although scheduled sales do not necessarily signal deteriorating fundamentals, the transactions reduced his holdings and added to investor concerns about insider confidence. CoreWeave Insider Sale SEC Filing
• Negative Sentiment: Investors remain concerned that rising GPU costs could compress profitability and that competition may eventually trigger a neocloud price decline. CoreWeave’s high debt-to-equity ratio and negative earnings amplify those risks. Truist Sees Investment Doubling Potential in CoreWeave

Wall Street Analyst Weigh In

CRWV has been the subject of a number of research analyst reports. Wolfe Research reissued an “outperform” rating on shares of CoreWeave in a report on Monday, July 6th. JPMorgan Chase & Co. raised their price objective on CoreWeave from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $150.00 target price on shares of CoreWeave in a report on Friday, August 7th. Piper Sandler reiterated an “overweight” rating and issued a $153.00 target price (up from $151.00) on shares of CoreWeave in a research report on Wednesday, August 12th. Finally, Barclays increased their price target on CoreWeave from $90.00 to $105.00 and gave the company an “equal weight” rating in a research note on Thursday, August 13th. Twenty-one investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $141.90.

Hedge Funds Weigh In On CoreWeave

Hedge funds have recently added to or reduced their stakes in the stock. Corient Private Wealth LP lifted its holdings in shares of CoreWeave by 24.8% in the 2nd quarter. Corient Private Wealth LP now owns 13,252 shares of the company’s stock worth $1,319,000 after buying an additional 2,636 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of CoreWeave in the second quarter valued at about $8,669,000. California State Teachers Retirement System lifted its stake in CoreWeave by 12,886.8% in the second quarter. California State Teachers Retirement System now owns 41,559,344 shares of the company’s stock worth $4,136,817,000 after acquiring an additional 41,239,333 shares during the period. Ameritas Advisory Services LLC grew its holdings in CoreWeave by 860.6% during the 2nd quarter. Ameritas Advisory Services LLC now owns 33,082 shares of the company’s stock worth $3,293,000 after acquiring an additional 29,638 shares in the last quarter. Finally, Operose Advisors LLC bought a new position in CoreWeave during the 2nd quarter worth about $116,000.

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.