CoreWeave CEO Michael Intrator sells $6.89m in stock

Michael N. Intrator, CEO and President of CoreWeave, Inc. (NASDAQ:CRWV), sold 78,552 shares of the company’s Class A Common Stock on September 30, 2026. The shares were sold at a price of $87.69 each, totaling approximately $6,888,224. The stock currently trades at $89.62, and according to InvestingPro analysis, CoreWeave appears undervalued based on its Fair Value assessment.

The transaction was executed to satisfy tax withholding obligations that arose in connection with the vesting and settlement of restricted stock units (RSUs). On the same date, Mr. Intrator acquired 109,380 shares and an additional 30,978 shares of Class A Common Stock through the settlement of these RSUs. Each restricted stock unit represents a contingent right to receive one share of CoreWeave’s Class A Common Stock upon settlement.

The RSUs that settled for 109,380 shares vested quarterly, with the first tranche vesting on March 31, 2025, and subsequently settled on May 31, 2025, following a deferral. The RSUs for 30,978 shares also vested quarterly, with the first tranche vesting on June 30, 2025. These restricted stock units do not expire; they either vest or are cancelled prior to the vesting date.

Following these reported transactions, Mr. Intrator directly holds 548,935 shares of CoreWeave Class A Common Stock. He also continues to hold 984,380 and 309,775 restricted stock units. In addition to his leadership roles, Mr. Intrator is also a Director and a 10% owner of CoreWeave.The IT services company carries a market capitalization of $48.85 billion and reported impressive revenue growth of 115% over the last twelve months. For deeper insights into CoreWeave’s financial health and access to exclusive ProTips, visit the comprehensive Pro Research Report available on InvestingPro.

In other recent news, CoreWeave has been the focus of several analyst reports following its Fully Connected event. Rosenblatt reiterated a Buy rating with a $250 price target, highlighting CoreWeave’s strong demand and pricing power, as evidenced by a recent 10% price increase. Freedom Capital also maintained a Buy rating with a $151 target, noting CoreWeave’s high ranking in managed-cluster quality and technical execution. Truist Securities echoed this sentiment, reiterating a Buy rating and setting a price target of $165, with a focus on the company’s pricing outlook.

Cantor Fitzgerald maintained an Overweight rating with a $176 price target, citing robust demand for CoreWeave’s capacity and confidence in reaching its 8-gigawatt target by the end of the decade. Mizuho kept a Neutral rating with a $115 target, following CoreWeave’s announcement of platform updates and software enhancements at its annual user conference. These developments reflect CoreWeave’s ongoing efforts to strengthen its technological offerings and market position.