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CoreWeave (CRWV) stock is down 53% from its all-time high as insider selling accelerated following the expiration of the artificial intelligence (AI) data center company's post-IPO lockup period. The rapid-fire sales raise serious questions about whether investors should follow suit or view this as a buying opportunity.
Insiders have dumped over seven million shares since August, according to Bloomberg data. CEO Michael Intrator sold 32,455 shares for $3.1 million, while SVP Goldberg Chen offloaded 56,294 shares worth $5.2 million. Notably, major shareholder Magnetar Financial liquidated over seven million shares, reducing its stake by 17% in a single transaction.