Jim Cramer on CoreWeave: “It’s a Very Well-Run Company By Michael Intrator”

CoreWeave, Inc. (NASDAQ:CRWV) is one of the stocks Jim Cramer recently commented on. Answering a caller’s query about the stock, Cramer said:

“Look, I like CoreWeave. It’s a very well-run company by Michael Intrator. There are better plays to play the data center, but it’s doing very, very well.”

A laptop and a computer monitor display a detailed stock market technical analysis chart. Photo by Jakub Zerdzicki on Pexels

CoreWeave, Inc. runs a cloud platform designed to power and scale GenAI workloads with high-performance compute, storage, networking, and managed services. Cramer discussed insider selling in the stock during the November 24 episode, as he commented:

“CoreWeave raised $1.5 billion at $40 per share. With the stock now at $73 and change, you can still call that a win. Although this thing’s way down from $187 at its peak over the summer… How about the insider selling?… Michael Intrator, the CEO of CoreWeave, has sold about $84 million worth of stock since its lockup expired, which is admittedly a very small part of his holdings, though.”

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This article is originally published at Insider Monkey.