Michael Intrator Sells 62,399 Shares of CoreWeave (NASDAQ:CRWV) Stock

by · The Cerbat Gem

CoreWeave Inc. (NASDAQ:CRWVGet Free Report) CEO Michael Intrator sold 62,399 shares of CoreWeave stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $89.22, for a total value of $5,567,238.78. Following the completion of the sale, the chief executive officer directly owned 5,466,501 shares in the company, valued at $487,721,219.22. This represents a 1.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CoreWeave Stock Up 10.9%

Shares of CRWV traded up $10.00 during midday trading on Friday, hitting $102.00. The stock had a trading volume of 83,200,041 shares, compared to its average volume of 22,570,712. The company has a 50 day simple moving average of $85.40 and a two-hundred day simple moving average of $94.92. CoreWeave Inc. has a twelve month low of $33.51 and a twelve month high of $187.00. The firm has a market cap of $42.74 billion and a price-to-earnings ratio of -31.87. The company has a debt-to-equity ratio of 4.46, a current ratio of 0.46 and a quick ratio of 0.46.

CoreWeave (NASDAQ:CRWVGet Free Report) last released its quarterly earnings results on Thursday, February 26th. The company reported ($0.89) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.28). CoreWeave had a negative return on equity of 33.82% and a negative net margin of 22.75%.The firm had revenue of $1.57 billion for the quarter. CoreWeave’s quarterly revenue was up 110.4% on a year-over-year basis.

Institutional Investors Weigh In On CoreWeave

Hedge funds have recently bought and sold shares of the company. Renaissance Capital LLC lifted its position in CoreWeave by 49.9% in the 3rd quarter. Renaissance Capital LLC now owns 47,162 shares of the company’s stock valued at $6,454,000 after acquiring an additional 15,697 shares in the last quarter. Munro Partners grew its holdings in CoreWeave by 5,272.4% during the third quarter. Munro Partners now owns 616,485 shares of the company’s stock worth $84,366,000 after buying an additional 605,010 shares in the last quarter. AE Wealth Management LLC bought a new stake in CoreWeave during the third quarter worth $4,241,000. HWG Holdings LP bought a new stake in CoreWeave during the third quarter worth $1,863,000. Finally, Liontrust Investment Partners LLP bought a new stake in CoreWeave during the second quarter worth $5,692,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Wells Fargo & Company reduced their price target on CoreWeave from $150.00 to $125.00 and set an “overweight” rating for the company in a research report on Thursday, January 8th. Needham & Company LLC reiterated a “hold” rating on shares of CoreWeave in a research note on Friday, February 27th. Truist Financial lifted their price target on shares of CoreWeave from $84.00 to $85.00 and gave the company a “hold” rating in a research note on Friday, February 27th. Citigroup lowered their price target on shares of CoreWeave from $135.00 to $126.00 and set a “buy” rating on the stock in a research note on Wednesday, March 4th. Finally, Barclays lowered their price target on shares of CoreWeave from $120.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Monday, January 12th. Nineteen research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, CoreWeave presently has an average rating of “Moderate Buy” and an average price target of $121.65.

View Our Latest Stock Analysis on CoreWeave

Trending Headlines about CoreWeave

Here are the key news stories impacting CoreWeave this week:

  • Positive Sentiment: Multiyear Anthropic agreement — CoreWeave signed a deal to provide cloud capacity to run Anthropic’s Claude models, a high‑profile customer win that directly supports revenue visibility and was cited as the immediate catalyst for today’s upside. CoreWeave Rockets 12% on Anthropic Deal
  • Positive Sentiment: $21B expansion with Meta — CoreWeave expanded its long‑term AI cloud agreement with Meta (new commitment through 2032, ~$21B), materially increasing backlog and long‑dated revenue visibility for AI infrastructure demand. Analysts and investors see this as de‑risking future growth. CoreWeave Inks $21B AI Infrastructure Deal With Meta Platforms
  • Positive Sentiment: Heavy bullish flow — unusual options activity (large call purchases) and reports of institutional buying (e.g., Ark) point to speculative and thematic investor interest in CoreWeave as an AI‑infra play, amplifying intraday momentum. (Options flow reported April 9; institutional buying noted April 8.)
  • Neutral Sentiment: Cantor Fitzgerald coverage / mixed analyst views — new coverage and price‑target updates (including an Overweight from Cantor) keep the stock in focus, but other analysts remain cautious or neutral, making near‑term direction sensitive to headlines. Coverage Initiated by Cantor Fitzgerald
  • Neutral Sentiment: Convertible notes upsized — CoreWeave priced an upsized $3.5B convertible senior note offering (settling mid‑April). That provides funding for expansion but may be dilutive depending on conversion dynamics; markets are parsing the trade‑off. CoreWeave Prices Upsized $3.5 Billion Convertible Senior Notes Offering
  • Neutral Sentiment: Short‑interest update is uninformative — an April short‑interest snapshot showed zero reported shares (likely a reporting anomaly), so short‑squeeze risk is unclear and shouldn’t be relied on for signal right now.
  • Negative Sentiment: Senior note issuance and high coupon debt — CoreWeave also priced $1.75B of 9.75% senior notes due 2031 (upsized from $1.25B), increasing near‑term interest burden and leverage concerns. CoreWeave Announces Upsize and Pricing of $1,750 Million of Senior Notes
  • Negative Sentiment: Large insider selling — multiple Rule 10b5‑1 sales by executives (including a 1,125,000‑share sale by Brian Venturo) have raised investor concern about insider conviction despite pre‑arranged plans; the disclosures weighed on sentiment in prior sessions. Brian M. Venturo Form 4 (SEC)

About CoreWeave

(Get Free Report)

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.

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