CoreWeave (NASDAQ:CRWV) Shares Gap Up - Here's Why

Key Points

• CoreWeave's stock price increased significantly, opening at $99.89 after closing at $93.55, with a trading volume of 15,957,868 shares.
• Analysts' ratings vary, with the average rating being "Hold" and an average target price of $107.45, while Argus issued a "buy" rating with a $200.00 target price.
• CoreWeave reported a quarterly revenue increase of 206.7% year-over-year, although it missed earnings per share estimates, reporting ($0.27) EPS against a consensus of ($0.20).

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report)'s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $93.55, but opened at $99.89. CoreWeave shares last traded at $99.77, with a volume of 15,957,868 shares.

Analyst Upgrades and Downgrades

CRWV has been the topic of several research reports. Stifel Nicolaus boosted their price objective on shares of CoreWeave from $115.00 to $120.00 and gave the stock a "hold" rating in a research note on Wednesday, August 13th. Northland Securities upped their target price on shares of CoreWeave from $85.00 to $165.00 and gave the stock an "outperform" rating in a research note on Friday, July 18th. Macquarie upped their target price on shares of CoreWeave from $65.00 to $115.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 13th. Citigroup upgraded shares of CoreWeave from a "neutral" rating to a "buy" rating and set a $160.00 target price on the stock in a research note on Thursday, July 31st. Finally, Arete upgraded shares of CoreWeave from a "neutral" rating to a "buy" rating and set a $180.00 price objective on the stock in a research report on Thursday, August 21st. Two equities 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 issued a Sell rating to the company's stock. According to MarketBeat.com, CoreWeave presently has an average rating of "Hold" and an average target price of $107.45.

CoreWeave Trading Down 0.6%

The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 2.79. The business's fifty day moving average is $113.83.

CoreWeave (NASDAQ:CRWV - Get Free Report) last announced its earnings results on Tuesday, August 12th. The company reported ($0.27) EPS for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.07). The business had revenue of $1.21 million for the quarter. The company'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 at CoreWeave

In other CoreWeave news, insider Brian M. Venturo sold 281,250 shares of the company's stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $90.62, for a total transaction of $25,486,875.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Magnetar Financial Llc sold 204,416 shares of the company's stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $118.05, for a total transaction of $24,131,308.80. Following the sale, the insider directly owned 387,133 shares of the company's stock, valued at approximately $45,701,050.65. This represents a 34.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,768,534 shares of company stock valued at $974,154,272 in the last ninety days.

Institutional Trading of CoreWeave

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Nvidia Corp increased its stake in shares of CoreWeave by 0.4% in the second quarter. Nvidia Corp now owns 24,277,573 shares of the company's stock worth $3,958,701,000 after purchasing an additional 95,113 shares in the last quarter. Cisco Systems Inc. purchased a new stake in shares of CoreWeave in the second quarter worth $173,493,000. Geode Capital Management LLC increased its stake in shares of CoreWeave by 142.6% in the second quarter. Geode Capital Management LLC now owns 716,178 shares of the company's stock worth $116,809,000 after purchasing an additional 420,915 shares in the last quarter. Lmdagg L.L.C. purchased a new stake in shares of CoreWeave in the second quarter worth $48,030,000. Finally, Sivia Capital Partners LLC purchased a new stake in shares of CoreWeave in the second quarter worth $39,824,000.

About CoreWeave

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.