TLDR
- CoreWeave CEO Michael Intrator sold 200,000 shares on May 12 for ~$21.1 million under a pre-arranged Rule 10b5-1 plan, retaining roughly 4.47 million shares worth ~$472 million.
- Chief Strategy Officer Brian Venturo sold 374,000 shares on May 11 for ~$43.4 million, also under a pre-planned trading arrangement.
- CRWV stock has dropped 22% over the past week but remains up about 70% over the past year, trading near $111.
- Despite the insider sales, 20 of 33 Wall Street analysts rate CRWV a Buy, with a consensus price target of $131.97.
- Q1 2026 earnings beat revenue expectations at $2.08 billion but missed EPS estimates, posting -$1.40 vs the forecast of -$0.91.
CoreWeave’s (CRWV) chief executive and chief strategy officer together offloaded more than $64 million in stock over two consecutive days this week, drawing attention as the company navigates a tricky stretch following its first earnings report as a public company.
CoreWeave, Inc. Class A Common Stock, CRWV
CEO Michael Intrator sold 200,000 shares on May 12 at an average price of $105.67, bringing in roughly $21.1 million. The sale was executed under a Rule 10b5-1 trading plan, which Intrator had set up in advance — a structure designed to remove discretion from the timing of insider sales.
Even after the transaction, Intrator remains a substantial holder. He directly owns approximately 4.47 million shares, valued at around $472 million at current prices. His ownership stake fell by 4.29%.
The following day’s filings also revealed that Chief Strategy Officer Brian Venturo sold 374,000 shares on May 11 for a total of $43.4 million. Those shares were sold at prices ranging from $112.56 to $119.18 — above where the stock currently trades. Venturo’s sales were also made under a pre-arranged 10b5-1 plan adopted in November 2025.
Of Venturo’s total sales, 299,000 shares were sold through West Clay Capital LLC, an entity he manages, while the remaining 75,000 came from a family trust.
Stock Down 22% Over the Past Week
The sales came during a rough run for the stock. CRWV has fallen around 22% over the past week, though it remains up roughly 70% over the past 12 months. The stock traded near $111 at the time of the filings.
The 52-week range tells the full story of how volatile this name has been — swinging from a low of $61.33 to a high of $187.00. The stock carries a beta of 7.84, which reflects that volatility clearly.
CoreWeave’s first earnings report as a public company added some complexity to the picture. Q1 2026 revenue came in at $2.08 billion, beating the $1.97 billion consensus. But EPS missed badly — the company posted -$1.40, versus the -$0.91 that analysts had expected. That’s a -53.85% earnings surprise.
Revenue was a bright spot though, growing 110.4% year-over-year in the prior quarter, and the company flagged a large and growing backlog as evidence of continued demand for its AI infrastructure.
Analysts Stay Bullish Despite the Noise
Wall Street hasn’t flinched much. Of 33 analysts covering the stock, 20 rate it a Buy, 11 a Hold, and just 2 a Sell. The consensus price target sits at $131.97, implying meaningful upside from current levels.
Deutsche Bank reiterated a Buy with a $135 target on May 8. DA Davidson maintained its Buy rating and a $175 price target following the Q1 earnings release. Citizens JMP has the most aggressive target at $180.
On the demand side, CoreWeave got a high-profile endorsement when Nvidia CEO Jensen Huang’s foundation purchased more than $108 million of CoreWeave computing capacity for research institutions. The company also set a speed and price-performance benchmark for Moonshot AI’s Kimi K2.6 model, delivering 205 tokens per second at $0.7 per million tokens.
DA Davidson reiterated its Buy rating and $175 price target following Q1 results, pointing to the strong revenue backlog as the key reason for confidence.
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