CoreWeave (NASDAQ:CRWV) Releases Quarterly Earnings Results

Key Points

• CoreWeave reported EPS of ($0.22), beating estimates by $0.14, and revenue of $1.36B — up 133.7% year‑over‑year — and said it updated its FY2025 guidance.
• Despite the beat, shares plunged $16.69 to $88.92 on heavy volume (64.7M shares), leaving a market cap of $43.44B and a negative P/E of -78.
• Insider selling has been substantial: Magnetar and a director sold large blocks, and insiders have sold 36,743,427 shares worth $4.59B in the last 90 days.

CoreWeave (NASDAQ:CRWV - Get Free Report) released its earnings results on Monday. The company reported ($0.22) EPS for the quarter, topping analysts' consensus estimates of ($0.36) by $0.14, Briefing.com reports. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.28 billion. The firm's revenue for the quarter was up 133.7% on a year-over-year basis. During the same quarter last year, the business earned ($1.82) earnings per share. CoreWeave updated its FY 2025 guidance to EPS.

CoreWeave Price Performance

Shares of NASDAQ:CRWV traded down $16.69 during trading on Tuesday, reaching $88.92. The company had a trading volume of 64,743,408 shares, compared to its average volume of 23,340,363. CoreWeave has a twelve month low of $33.51 and a twelve month high of $187.00. The firm has a market capitalization of $43.44 billion and a PE ratio of -78.00. The firm's fifty day moving average is $123.42 and its 200 day moving average is $118.50. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.52 and a current ratio of 0.52.

Insider Activity at CoreWeave

In other news, major shareholder Magnetar Financial Llc sold 1,451,063 shares of the stock in a transaction on Friday, September 19th. The stock was sold at an average price of $125.60, for a total value of $182,253,512.80. Following the completion of the sale, the insider owned 363,631 shares in the company, valued at $45,672,053.60. This represents a 79.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jack D. Cogen sold 1,112,004 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $94.69, for a total value of $105,295,658.76. Following the completion of the sale, the director directly owned 12,329,676 shares of the company's stock, valued at approximately $1,167,497,020.44. This represents a 8.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 36,743,427 shares of company stock worth $4,592,624,537 in the last ninety days.

Institutional Investors Weigh In On CoreWeave

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sivia Capital Partners LLC bought a new stake in shares of CoreWeave in the 2nd quarter valued at approximately $39,824,000. Vident Advisory LLC acquired a new position in CoreWeave during the second quarter worth $492,000. B. Riley Wealth Advisors Inc. bought a new position in CoreWeave during the second quarter valued at about $467,000. Diversify Wealth Management LLC acquired a new stake in shares of CoreWeave in the second quarter worth about $462,000. Finally, Baird Financial Group Inc. bought a new stake in shares of CoreWeave during the 2nd quarter worth about $455,000.

Analyst Ratings Changes

Several brokerages recently issued reports on CRWV. JPMorgan Chase & Co. restated a "neutral" rating and set a $110.00 target price on shares of CoreWeave in a report on Tuesday. Barclays raised their price target on CoreWeave from $100.00 to $140.00 and gave the stock an "equal weight" rating in a research note on Monday, July 21st. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of CoreWeave in a research report on Wednesday, August 13th. Moffett Nathanson increased their price target on shares of CoreWeave from $56.00 to $65.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 19th. Finally, HC Wainwright raised shares of CoreWeave from a "neutral" rating to a "buy" rating and set a $180.00 price objective for the company in a research note on Thursday, August 21st. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, CoreWeave has an average rating of "Moderate Buy" and a consensus price target of $130.89.

CoreWeave Company Profile

CoreWeave, Inc engages in the powers of the creation and delivery of the intelligence that drives innovation. It offers a solution used by organizations of all sizes that require sophisticated AI computing, from the largest of enterprises to small, well-funded start-ups. The company was founded by Michael Intrator, Brian Venturo, and Brannin McBee on September 21, 2017 and is headquartered in Livingston, NJ.