Michael Intrator Sells 61,810 Shares of CoreWeave (NASDAQ:CRWV) Stock

CoreWeave Inc. (NASDAQ:CRWV) CEO Michael Intrator sold 61,810 shares of the stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $131.54, for a total value of $8,130,487.40. Following the transaction, the chief executive officer owned 7,088,420 shares in the company, valued at $932,410,766.80. The trade was a 0.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

CoreWeave Stock Down 3.2%

Shares of CRWV opened at $138.43 on Friday. CoreWeave Inc. has a 12-month low of $33.51 and a 12-month high of $187.00. The business’s fifty day moving average is $114.79 and its 200 day moving average is $105.80. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 2.79.

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

Institutional Investors Weigh In On CoreWeave

Several large investors have recently added to or reduced their stakes in CRWV. Family Legacy Financial Solutions LLC increased its holdings in CoreWeave by 166.7% in the 3rd quarter. Family Legacy Financial Solutions LLC now owns 200 shares of the company’s stock worth $27,000 after acquiring an additional 125 shares during the last quarter. Princeton Global Asset Management LLC purchased a new stake in CoreWeave in the 3rd quarter worth about $28,000. Chelsea Counsel Co. purchased a new stake in CoreWeave in the 2nd quarter worth about $33,000. Archer Investment Corp purchased a new stake in CoreWeave in the 2nd quarter worth about $34,000. Finally, Chilton Capital Management LLC purchased a new stake in CoreWeave in the 2nd quarter worth about $39,000.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CRWV shares. Argus reiterated a “buy” rating and issued a $200.00 target price on shares of CoreWeave in a report on Thursday, August 14th. Bank of America cut their target price on CoreWeave from $185.00 to $168.00 and set a “neutral” rating on the stock in a report on Wednesday, August 13th. Hsbc Global Res upgraded CoreWeave to a “moderate sell” rating in a report on Thursday, July 17th. Weiss Ratings reiterated a “sell (d)” rating on shares of CoreWeave in a report on Saturday, September 27th. Finally, Barclays increased their target price on CoreWeave from $100.00 to $140.00 and gave the stock an “equal weight” rating in a report on Monday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average 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.