CoreWeave CEO Michael N Intrator and Chief Strategy Officer Brian M Venturo sold a combined total exceeding $20 million in company stock. The transactions took place on January 6 and 7 and were disclosed on January 9.
Both executives conducted the sales under pre-arranged Rule 10b5-1 trading plans. These plans allow insiders to sell shares at predetermined times to avoid accusations of trading on non-public information. This news coincided with CoreWeave amending a $2.6 billion term loan to provide liquidity relief.
Analyst ratings released the same day were mixed. Cantor Fitzgerald and Compass Point both reiterated buy-equivalent ratings. Conversely, Truist Securities initiated coverage of CoreWeave with a hold rating. Reports noted no specific market reaction to the insider sales.