CoreWeave (CRWV) Stock: CEO and Insider Sell Combined $37.8 Million in September

TLDR

• CoreWeave CEO Michael Intrator sold $25.1 million in Class A stock on September 1, with transactions executed between $80.45 and $82.81 per share.
• Insider Kristen Mcveety also sold 156,000 units for $12.7 million at an average of $81.63, cutting her direct ownership by 55.85%.
• Both sales were conducted under pre-arranged Rule 10b5-1 trading plans.
• CRWV traded at $84.56 on Thursday, still down around 45% from its 52-week high of $153.20.
• Analysts hold a “Moderate Buy” consensus with an average price target of $141.90, well above current levels.

CoreWeave’s CEO and another insider offloaded a combined $37.8 million worth of stock on September 1, drawing attention even as the company continues to post strong revenue growth.

CoreWeave, Inc. Class A Common Stock, CRWV

Michael Intrator, CEO and President of CoreWeave, sold $25,127,375 in Class A common stock. Transactions were priced between $80.45 and $82.81 per share. CRWV was trading at $84.56 on Thursday, meaning Intrator sold just below the current market price.

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