The biggest insider story this week is CoreWeave. Magnetar Financial, a 10% owner of the AI cloud computing firm, filed this week showing it sold nearly $590 million worth of shares. The sales happened between April 20 and May 1. Magnetar spread the exits across 192 separate transactions. CoreWeave only went public in March, making this a swift and massive exit from an early backer.
Charles Schwab founder Charles Schwab filed sales totalling $22 million across five trades. He sold between April 23 and May 1 at prices around $90 per share. Schwab's co-chairman has been trimming his stake steadily.
Not everyone is selling. CoStar Group CEO Andrew Florance is buying. He filed a $2.4 million purchase on May 1 at just $35.17 per share. That is a notable step-up from his February buy at $44.52. CoStar shares have dropped sharply this year. Florance buying at a lower price signals confidence in the business. A division president also bought $907,000 worth of stock back in March.
The contrast is stark. At CoreWeave, early money is rushing for the exit. At CoStar, the CEO is putting more of his own cash in.
This is not financial advice.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
