CoreWeave CEO cancels planned stock sale after strong earnings
CoreWeave CEO Michael Intrator canceled his planned stock sale program after the company reported strong third-quarter revenue growth and raised its 2026 forecast, telling CNBC on Wednesday that further selling would only occur under a material change in equity pricing. Intrator has sold 8.26 million shares at an average price of $96.14 for a total of $794.2 million under the plan announced in November 2025. The stock remains down 18% in 2026 despite a 20% post-earnings rally, with shares falling about 27% over the past month amid concerns about rising interest rates and political headwinds. CoreWeave reported 168% year-over-year revenue growth and lifted its forecast, targeting $37 billion to $39 billion in capital expenditures for 2026. Intrator dismissed concerns about last week's Democratic midterm sweep, saying the company anticipates no impact from regulatory shifts and remains comfortable with its pipeline.