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

CoreWeave Inc. (NASDAQ:CRWV) CEO Michael Intrator sold 78,548 shares of the stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $139.44, for a total transaction 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 $997,028,071.20. This represents a 1.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

CoreWeave Trading Down 2.3%

NASDAQ CRWV opened at $134.79 on Friday. CoreWeave Inc. has a 1 year low of $33.51 and a 1 year high of $187.00. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.52 and a current ratio of 0.52. The business has a 50 day moving average price of $111.91.

CoreWeave (NASDAQ:CRWV) last posted its earnings results on Tuesday, August 12th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.07). The business had revenue of $1.21 million for the quarter. The firm’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.

Wall Street Analysts Forecast Growth

CRWV has been the topic of several research reports. Loop Capital initiated coverage on shares of CoreWeave in a research report on Friday, September 19th. They set a “buy” rating and a $165.00 price objective on the stock. Mizuho restated a “neutral” rating and set a $150.00 price objective (up previously from $70.00) on shares of CoreWeave in a research report on Tuesday, July 8th. Morgan Stanley raised their price objective on shares of CoreWeave from $58.00 to $91.00 and gave the company an “equal weight” rating in a research report on Thursday, July 31st. Macquarie raised their price objective on shares of CoreWeave from $115.00 to $140.00 and gave the company a “neutral” rating in a research report on Monday, September 29th. Finally, Moffett Nathanson raised their price objective on shares of CoreWeave from $56.00 to $65.00 and gave the company a “neutral” rating in a research report on Tuesday, August 19th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, CoreWeave has a consensus rating of “Moderate Buy” and a consensus price target of $127.64.

Hedge Funds Weigh In On CoreWeave

A number of large investors have recently added to or reduced their stakes in CRWV. Cisco Systems Inc. purchased a new position in CoreWeave in the 2nd quarter worth $173,493,000. Geode Capital Management LLC raised its position in CoreWeave by 142.6% in the 2nd quarter. Geode Capital Management LLC now owns 716,178 shares of the company’s stock worth $116,809,000 after purchasing an additional 420,915 shares during the period. Lmdagg L.L.C. purchased a new position in CoreWeave in the 2nd quarter worth $48,030,000. Sivia Capital Partners LLC purchased a new position in CoreWeave in the 2nd quarter worth $39,824,000. Finally, Sumitomo Mitsui Trust Group Inc. bought a new stake in CoreWeave in the 2nd quarter worth $34,284,000.

CoreWeave Company Profile

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.