CoreWeave (NASDAQ:CRWV) Sees Strong Trading Volume - Here's What Happened

Key Points

• CoreWeave Inc. (NASDAQ: CRWV) experienced a significant trading volume spike, with 32.2 million shares traded, up 54% from the previous session, and the stock rose to $120.07 from a close of $100.22.
• Recent analyst reports show mixed ratings for CoreWeave, with ratings ranging from "overweight" at a $116 target by Cantor Fitzgerald to a "reduce" rating and $32 target by HSBC.
• CoreWeave reported a quarterly loss of ($0.27) EPS, missing estimates but achieving a remarkable revenue increase of 206.7% year-over-year, totaling $1.21 million.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) shares saw strong trading volume on Wednesday . 32,230,926 shares traded hands during trading, an increase of 54% from the previous session's volume of 20,896,797 shares.The stock last traded at $120.07 and had previously closed at $100.22.

Wall Street Analysts Forecast Growth

CRWV has been the topic of a number of recent analyst reports. Cantor Fitzgerald initiated coverage on CoreWeave in a research note on Tuesday, August 26th. They issued an "overweight" rating and a $116.00 price objective on the stock. HSBC assumed coverage on CoreWeave in a research note on Wednesday, July 16th. They set a "reduce" rating and a $32.00 price target on the stock. Bank of America dropped their price target on CoreWeave from $185.00 to $168.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 13th. Moffett Nathanson upped their price target on CoreWeave from $56.00 to $65.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 19th. Finally, Citizens Jmp raised CoreWeave to a "hold" rating in a report on Thursday, May 22nd. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $107.45.

CoreWeave Trading Up 18.7%

The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.52 and a current ratio of 0.52. The company's fifty day moving average price is $116.64.

CoreWeave (NASDAQ:CRWV - Get Free Report) last posted its quarterly earnings data on Tuesday, August 12th. The company reported ($0.27) earnings per share for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.07). The company had revenue of $1.21 million for the quarter. CoreWeave's revenue was up 206.7% compared to the same quarter last year. CoreWeave has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

Insider Buying and Selling

In related news, major shareholder Magnetar Financial Llc sold 80,820 shares of the firm's stock in a transaction on Friday, August 29th. The shares were sold at an average price of $102.38, for a total transaction of $8,274,351.60. Following the completion of the transaction, the insider owned 393,046 shares of the company's stock, valued at $40,240,049.48. This trade represents a 17.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jack D. Cogen sold 1,112,004 shares of the firm's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $94.69, for a total transaction of $105,295,658.76. Following the transaction, the director directly owned 12,329,676 shares of the company's stock, valued at approximately $1,167,497,020.44. This trade represents a 8.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,471,406 shares of company stock valued at $722,416,182 over the last quarter.

Hedge Funds Weigh In On CoreWeave

Institutional investors and hedge funds have recently bought and sold shares of the business. Costello Asset Management INC increased its stake in CoreWeave by 33.3% during the 2nd quarter. Costello Asset Management INC now owns 400 shares of the company's stock worth $65,000 after buying an additional 100 shares during the period. Chelsea Counsel Co. acquired a new stake in shares of CoreWeave in the 2nd quarter valued at $33,000. Archer Investment Corp acquired a new stake in shares of CoreWeave in the 2nd quarter valued at $34,000. Chilton Capital Management LLC acquired a new stake in shares of CoreWeave in the 2nd quarter valued at $39,000. Finally, SOA Wealth Advisors LLC. raised its holdings in shares of CoreWeave by 275.0% in the 2nd quarter. SOA Wealth Advisors LLC. now owns 375 shares of the company's stock valued at $61,000 after purchasing an additional 275 shares in the last quarter.

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.

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