Michael Intrator Sells 200,000 Shares of CoreWeave (NASDAQ:CRWV) Stock

CoreWeave Inc. (NASDAQ:CRWV) CEO Michael Intrator sold 200,000 shares of CoreWeave stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $122.38, for a total transaction of $24,476,000.00. Following the completion of the transaction, the chief executive officer owned 3,876,815 shares in the company, valued at approximately $474,444,619.70. This represents a 4.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CoreWeave Stock Performance

Shares of CoreWeave stock traded down $2.90 on Thursday, reaching $108.03. 26,670,260 shares of the stock were exchanged, compared to its average volume of 29,128,250. CoreWeave Inc. has a 1-year low of $63.80 and a 1-year high of $187.00. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 3.68. The business has a fifty day moving average price of $105.34 and a two-hundred day moving average price of $91.46. The firm has a market capitalization of $48.35 billion, a PE ratio of -34.74 and a beta of 7.14.

CoreWeave (NASDAQ:CRWV) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($1.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.17) by ($0.23). CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.The firm had revenue of $2.08 billion for the quarter. During the same quarter last year, the business posted ($0.60) EPS. The firm’s revenue for the quarter was up 111.6% on a year-over-year basis. As a group, research analysts anticipate that CoreWeave Inc. will post -4.57 earnings per share for the current fiscal year.

Trending Headlines about CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: BNP Paribas Exane initiated coverage on CoreWeave with an Outperform rating and a $192 price target, adding fresh Wall Street support and implying meaningful upside from current levels. BNP Paribas Initiates Coverage on CoreWeave. That Means CRWV Stock Could Soar 71% from Here.
• Positive Sentiment: CoreWeave expanded long-term AI infrastructure deals with Anthropic and Meta Platforms, including a Meta contract running to around 2032, which supports the company’s revenue visibility and growth narrative. CoreWeave’s Long-Term AI Deals Reframe Growth And Risk For Investors
• Positive Sentiment: CoreWeave’s first successful deployment and validation of NVIDIA’s Vera Rubin NVL72 system reinforces its position as an early leader in next-generation AI cloud infrastructure. Why CoreWeave (CRWV) Is Up 18.3% After First NVIDIA Vera Rubin NVL72 Cloud Deployment
• Positive Sentiment: CoreWeave is set to join the Russell 3000, which can increase institutional visibility and potential index-related demand for shares. CoreWeave’s Long-Term AI Deals Reframe Growth And Risk For Investors
• Neutral Sentiment: Insider sales by the COO and a major shareholder may weigh on sentiment, but the transactions were disclosed and some were made under pre-arranged trading plans, so they are not necessarily a bearish signal by themselves. CoreWeave (NASDAQ:CRWV) COO Sachin Jain Sells 3,798 Shares
• Negative Sentiment: CoreWeave’s recent earnings still showed a loss and a miss versus expectations, reminding investors that the company remains heavily dependent on fast growth to justify its valuation. CoreWeave earnings and stock data

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of CoreWeave by 275.6% during the 4th quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company’s stock worth $1,999,421,000 after purchasing an additional 20,487,478 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of CoreWeave by 6,022.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 112,768 shares of the company’s stock worth $8,075,000 after purchasing an additional 110,926 shares during the last quarter. Legal & General Group Plc raised its position in shares of CoreWeave by 8,455.6% during the 4th quarter. Legal & General Group Plc now owns 611,301 shares of the company’s stock worth $43,775,000 after purchasing an additional 604,156 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of CoreWeave by 67.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 66,947 shares of the company’s stock worth $4,794,000 after purchasing an additional 26,907 shares during the last quarter. Finally, Hidden Lake Asset Management LP acquired a new position in shares of CoreWeave during the 3rd quarter worth approximately $14,814,000.

Analyst Ratings Changes

A number of research analysts have recently issued reports on CRWV shares. BNP Paribas Exane started coverage on shares of CoreWeave in a research note on Tuesday. They set an “outperform” rating and a $192.00 price target on the stock. Cantor Fitzgerald boosted their price target on shares of CoreWeave from $156.00 to $167.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. Wolfe Research started coverage on shares of CoreWeave in a research note on Thursday, April 16th. They set an “outperform” rating and a $150.00 price target on the stock. Roth Mkm reiterated a “buy” rating and set a $150.00 price target on shares of CoreWeave in a research note on Friday, May 8th. Finally, Bank of America upgraded shares of CoreWeave from a “neutral” rating to a “buy” rating and set a $100.00 price target on the stock in a research note on Tuesday, March 24th. Twenty equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.52.

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.