CoreWeave, Inc. (NASDAQ: CRWV) reported an insider transaction on February 25, 2026, in which CEO and President Michael N. Intrator sold 63,360 shares of Class A Common Stock, according to a Form 4 filed with the Securities and Exchange Commission. The disposition, carried out under a preexisting 10b5-1 trading arrangement, amounted to approximately $8.2 million.
The sales were completed across multiple trades at different price points. Reported per-share prices ranged from $98.0943 to $103.24. Since those transactions, the company's share price has fallen to $79.53. An InvestingPro Fair Value assessment cited in filings indicates that CoreWeave may be priced below its estimated intrinsic value at current market levels.
In the same filing, Mr. Intrator converted 50,000 shares of Class B Common Stock into Class A Common Stock through Omnadora Capital LLC. The conversion and the sale occur as the company arrives at a one-year total return of 99%.
CoreWeave's most recent quarterly results showed continued top-line expansion. For the fourth quarter of 2025 the company reported revenue of $1.6 billion, a 110% increase year over year. The firm's revenue backlog also increased significantly, rising from $55.6 billion to $66.8 billion. Company disclosures attribute part of the backlog growth to a new contract with Meta valued at about $5 billion.
Market reaction from equity analysts has been mixed. DA Davidson raised its price target to $125 while keeping a Buy rating, and Cantor Fitzgerald maintained an Overweight rating with a $131 price target, both citing the sizeable backlog increases driven by customer expansions. In contrast, Stifel lowered its target to $110 after CoreWeave missed on adjusted operating margins, which were reported at 5.6% versus an expected 8.6%.
Other banks signaled more cautious views. Goldman Sachs retained a Neutral rating with a $86 price target, pointing to margin pressures and higher capital expenditures as considerations. JPMorgan also trimmed its price target to $90 and kept a Neutral stance, citing valuation concerns. Together, these analyst moves reflect a range of perspectives on the company’s near-term profitability and longer-term capital needs.
The insider sale, share-class conversion and the mix of analyst reactions come amid a period of substantial growth for CoreWeave but with observable pressure on margins and increased spending. For investors seeking further context on executive trading and additional analysis, InvestingPro references more than a dozen tips and valuation tools, including its Fair Value calculator.
Summary
CoreWeave's CEO sold 63,360 Class A shares under a 10b5-1 plan on February 25, 2026, netting $8.2 million. The company reported robust revenue growth and a markedly larger backlog in Q4 2025, while analysts presented split views on valuation and margins.
Key points
- Insider transaction: Michael N. Intrator sold 63,360 Class A shares under a 10b5-1 plan, totaling $8.2 million, and converted 50,000 Class B shares to Class A via Omnadora Capital LLC.
- Financial results: Q4 2025 revenue was $1.6 billion, up 110% year over year; backlog rose from $55.6 billion to $66.8 billion, supported by an approximately $5 billion contract with Meta.
- Analyst divergence: Price targets and ratings vary widely - from Buy/Overweight with targets of $125 and $131 to Neutral ratings with targets of $86 and $90 - reflecting differing views on margins and valuation.
Risks / Uncertainties
- Margin pressure: Adjusted operating margins came in at 5.6%, below the 8.6% expectation cited by Stifel, indicating profitability challenges.
- Increased capital spending: Goldman Sachs highlighted higher capital expenditures as a factor weighing on near-term returns.
- Valuation divergence and share volatility: Analyst downgrades and a post-sale share price decline to $79.53 underline uncertainty about appropriate valuation levels.