CoreWeave (NASDAQ:CRWV) Shares Gap Up - Still a Buy?

Key Points

• CoreWeave's stock gapped up from a previous close of $111.96 to an opening price of $120.85, indicating increased investor interest with a trading volume of 8,740,411 shares.
• Analyst ratings for CoreWeave are mixed, with price targets ranging from $32.00 to $200.00, reflecting a consensus rating of "Hold" with an average target of $107.45.
• Insider trading activity saw significant selling, with insiders offloading nearly 9.8 million shares valued at approximately $974 million over the past ninety days, raising concerns about insider confidence in the company's future prospects.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report)'s stock price gapped up before the market opened on Monday . The stock had previously closed at $111.96, but opened at $120.85. CoreWeave shares last traded at $117.45, with a volume of 8,740,411 shares changing hands.

Wall Street Analysts Forecast Growth

CRWV has been the subject of a number of analyst reports. Wells Fargo & Company boosted their price objective on CoreWeave from $60.00 to $105.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 13th. DA Davidson reaffirmed an "underperform" rating and set a $36.00 target price on shares of CoreWeave in a research note on Tuesday, June 10th. Argus reaffirmed a "buy" rating and set a $200.00 target price on shares of CoreWeave in a research note on Thursday, August 14th. Hsbc Global Res raised CoreWeave to a "moderate sell" rating in a research note on Thursday, July 17th. Finally, HSBC initiated coverage on CoreWeave in a research note on Wednesday, July 16th. They set a "reduce" rating and a $32.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $107.45.

CoreWeave Stock Up 5.1%

The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 2.79. The firm has a 50 day simple moving average of $113.83.

CoreWeave (NASDAQ:CRWV - Get Free Report) last posted its quarterly earnings data on Tuesday, August 12th. The company reported ($0.27) EPS for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.07). The firm had revenue of $1.21 million during the quarter. The firm's quarterly 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 other news, insider Brannin Mcbee sold 250,000 shares of CoreWeave stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $99.47, for a total value of $24,867,500.00. Following the transaction, the insider directly owned 121,965 shares of the company's stock, valued at $12,131,858.55. This trade represents a 67.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Brian M. Venturo sold 281,250 shares of the firm's stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $90.62, for a total transaction of $25,486,875.00. The disclosure for this sale can be found here. Insiders sold 9,768,534 shares of company stock valued at $974,154,272 over the last ninety days.

Institutional Trading of CoreWeave

Several hedge funds and other institutional investors have recently modified their holdings of CRWV. Gamco Investors INC. ET AL acquired a new stake in shares of CoreWeave in the first quarter worth $318,000. Goldman Sachs Group Inc. acquired a new stake in shares of CoreWeave in the first quarter worth $963,000. Howard Financial Services LTD. acquired a new stake in shares of CoreWeave in the second quarter worth $489,000. McAlister Sweet & Associates Inc. acquired a new stake in shares of CoreWeave in the second quarter worth $277,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of CoreWeave in the second quarter worth $117,000.

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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