CoreWeave (NASDAQ:CRWV) Shares Up 2.2% - Here's Why

Key Points

• Strong quarterly results: CoreWeave beat estimates with ($0.22) EPS vs. ($0.36) expected and revenue of $1.36B (up 133.7% year‑over‑year), after which the stock traded up to $87.31 and last at $84.83.
• Mixed analyst view: Several brokers have trimmed price targets (e.g., Barclays and Bank of America), and the MarketBeat consensus rating is Hold with an average target of $127.70.
• Heavy insider selling: Insiders disposed of 20,609,373 shares worth $2.76B over the last quarter, including sales by the CEO and other executives.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) shares shot up 2.2% on Monday . The stock traded as high as $87.31 and last traded at $84.83. 23,670,825 shares traded hands during trading, a decline of 5% from the average session volume of 24,942,555 shares. The stock had previously closed at $83.00.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CRWV. Barclays dropped their price target on shares of CoreWeave from $140.00 to $120.00 and set an "equal weight" rating on the stock in a research note on Wednesday, November 12th. Stifel Nicolaus set a $120.00 target price on CoreWeave in a report on Tuesday, November 11th. Bank of America reduced their price target on CoreWeave from $168.00 to $140.00 and set a "neutral" rating for the company in a research report on Tuesday, November 11th. Cantor Fitzgerald reissued an "overweight" rating and set a $174.00 price objective on shares of CoreWeave in a report on Wednesday, November 5th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and issued a $110.00 price objective on shares of CoreWeave in a research note on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $127.70.

CoreWeave Stock Performance

The firm's 50 day moving average price is $98.57 and its 200-day moving average price is $117.90. The firm has a market cap of $32.78 billion and a price-to-earnings ratio of -58.50. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.49 and a quick ratio of 0.49.

CoreWeave (NASDAQ:CRWV - Get Free Report) last issued its quarterly earnings results on Monday, November 10th. The company reported ($0.22) earnings per share for the quarter, beating analysts' consensus estimates of ($0.36) by $0.14. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period last year, the company earned ($1.82) earnings per share. CoreWeave's revenue for the quarter was up 133.7% on a year-over-year basis.

Insider Transactions at CoreWeave

In related news, CEO Michael N. Intrator sold 32,455 shares of the company's stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $65.47, for a total value of $2,124,828.85. Following the completion of the transaction, the chief executive officer directly owned 5,893,690 shares in the company, valued at approximately $385,859,884.30. This represents a 0.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Brian M. Venturo sold 281,250 shares of the firm's stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $87.75, for a total value of $24,679,687.50. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 20,609,373 shares of company stock worth $2,757,810,820 over the last quarter.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CRWV. Chelsea Counsel Co. bought a new stake in shares of CoreWeave in the 2nd quarter valued at approximately $33,000. Family Legacy Financial Solutions LLC grew its position in CoreWeave by 166.7% in the third quarter. Family Legacy Financial Solutions LLC now owns 200 shares of the company's stock valued at $27,000 after acquiring an additional 125 shares during the period. HighMark Wealth Management LLC acquired a new position in CoreWeave during the third quarter worth $27,000. OLD Second National Bank of Aurora acquired a new position in CoreWeave during the third quarter worth $27,000. Finally, KERR FINANCIAL PLANNING Corp bought a new position in shares of CoreWeave during the third quarter valued at $27,000.

About CoreWeave

CoreWeave is a U.S.-based provider of GPU-accelerated cloud infrastructure designed to support compute-intensive workloads such as artificial intelligence, machine learning, visual effects rendering and other high-performance computing applications. The company supplies access to large fleets of modern GPUs and complementary infrastructure that enable customers to train and deploy large models, run inference at scale, and process graphics-heavy workloads with low latency and high throughput.

CoreWeave’s product offering includes on-demand and dedicated GPU instances, bare-metal servers, private clusters and managed services tailored for enterprise and developer use.

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