TLDR
- CEO Michael Intrator sold ~$32.8 million in CRWV stock on May 26 under a pre-set 10b5-1 trading plan adopted in November 2025.
- Board members Karen Boone and Jack Cogen sold a combined ~$107 million in stock on the same day.
- CRWV stock is up 45–46% year-to-date, outpacing the Nasdaq and S&P 500 by a wide margin.
- CoreWeave posted a $740 million Q1 loss — more than double the year-ago deficit — with $25 billion in debt and $10 billion in lease liabilities.
- The company’s contracted revenue backlog stands at $99.4 billion, including a $21 billion deal with Meta.
CoreWeave insiders sold over $140 million worth of stock on May 26, as CRWV trades near its highest levels since its IPO.
CoreWeave, Inc. Class A Common Stock, CRWV
CEO Michael Intrator sold 297,693 Class A shares at prices between $105.705 and $109.16, netting approximately $32.8 million. The sales were executed under a Rule 10b5-1 plan he set up on November 20, 2025. After the transactions, Intrator still holds 4,076,815 Class A shares directly.
Intrator also indirectly disposed of 107,693 shares through Omnadora Capital LLC, an entity he manages. On the same date, Omnadora converted an equal number of Class B shares into Class A shares, leaving the LLC with zero Class A holdings after the sale.
Board member Jack Cogen offloaded 986,540 indirectly held shares across five trusts and holding companies, collecting around $106 million. Cogen still holds 261,140 shares directly, worth close to $28 million at current prices.
Fellow director Karen Boone sold 1,060 shares directly at $108.23, totaling $114,723. She also sold 10,520 shares held in a family trust across three transactions at $107 to $108, bringing her total to roughly $1.25 million. Boone retains 7,300 shares directly.
CRWV has gained around 45–46% so far this year. The Nasdaq Composite is up 16% and the S&P 500 has risen 11% over the same period.
The Financial Picture
The stock’s rally comes against a complicated backdrop. CoreWeave reported a $740 million net loss in Q1 2026 — more than double the loss from Q1 2025, and the largest since it went public.
The company is spending heavily to build out AI data center infrastructure. Capital expenditures for 2026 are projected to reach $31 billion to $35 billion, largely funded through debt.
As of the end of Q1, CoreWeave carried $25 billion in debt and $10 billion in lease liabilities. It recently secured a $3.1 billion delayed draw term loan facility to fund further expansion.
Despite the losses, the revenue backlog tells a different story. Contracted future revenue hit $99.4 billion in Q1, anchored by a $21 billion agreement with Meta Platforms.
Analyst Views and Competition
Wall Street is split on CRWV. Deutsche Bank and Evercore ISI both carry Buy and Outperform ratings, respectively, pointing to strong demand for AI infrastructure. Bernstein SocGen holds an Underperform rating, citing competition risks.
That competition is real. Neoclouds like Nebius Group and Lambda, which focus on high-density GPU computing, are pushing into the same market.
CFO Nitin Agrawal addressed the competitive pressure at a recent conference. “I’m sure some of these new players would be reasonably successful, and I’m sure some of them would not be,” he said on Thursday.
A potential joint venture between Blackstone and Alphabet is also being watched closely as a new entrant in AI cloud infrastructure.
CoreWeave also launched unified agentic AI capabilities this week, including Serverless RL for training and CoreWeave Inference for deployment, aiming to link training and inference in a closed feedback loop.
The post CoreWeave (CRWV) Stock: CEO and Directors Sell Over $140 Million – Here’s Why appeared first on CoinCentral.
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