CoreWeave (NASDAQ:CRWV) Shares Up 4.4% - Should You Buy?

Key Points

• Shares rose 4.4% to $79.36 on Wednesday with trading volume ~19.7M (down ~19% vs. average), and analysts maintain a consensus "Moderate Buy" with an average price target of $130.14.
• CoreWeave reported revenue of $1.36 billion (up 133.7% YoY) and an EPS loss of ($0.22) that beat estimates, but it shows weak liquidity (quick/current ratio 0.49) and high leverage (debt/equity 2.66).
• Insider selling has been substantial: CEO Brian Venturo sold 281,250 shares (~$20.9M) and insiders have sold about 29.94 million shares valued at roughly $3.924 billion in the past 90 days.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) shot up 4.4% on Wednesday . The company traded as high as $79.63 and last traded at $79.36. 19,679,786 shares changed hands during trading, a decline of 19% from the average session volume of 24,173,000 shares. The stock had previously closed at $76.03.

Analyst Ratings Changes

CRWV has been the subject of a number of recent research reports. Wells Fargo & Company dropped their target price on CoreWeave from $170.00 to $150.00 and set an "overweight" rating for the company in a research report on Wednesday, November 12th. The Goldman Sachs Group lowered their price objective on shares of CoreWeave from $120.00 to $105.00 and set a "neutral" rating for the company in a report on Monday, November 17th. Needham & Company LLC reaffirmed a "hold" rating on shares of CoreWeave in a research note on Wednesday, August 13th. JMP Securities raised shares of CoreWeave from a "market perform" rating to a "market outperform" rating and set a $180.00 target price on the stock in a report on Tuesday, September 16th. Finally, Seaport Res Ptn raised shares of CoreWeave to a "hold" rating in a research note on Monday, September 15th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, CoreWeave has a consensus rating of "Moderate Buy" and an average price target of $130.14.

CoreWeave Trading Up 4.4%

The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 2.66. The stock's fifty day moving average price is $112.41 and its two-hundred day moving average price is $120.97. The company has a market capitalization of $30.66 billion and a PE ratio of -54.73.

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

Insider Buying and Selling

In other news, insider Brian M. Venturo sold 281,250 shares of the firm's stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $74.44, for a total value of $20,936,250.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Chen Goldberg sold 13,740 shares of the firm's stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $90.79, for a total value of $1,247,454.60. Following the completion of the transaction, the senior vice president directly owned 23,344 shares in the company, valued at approximately $2,119,401.76. This represents a 37.05% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 29,942,428 shares of company stock valued at $3,924,103,461 in the last ninety days.

Institutional Trading of CoreWeave

Hedge funds and other institutional investors have recently modified their holdings of the company. Family Legacy Financial Solutions LLC raised its holdings in CoreWeave by 166.7% during 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 bought a new stake in CoreWeave during the 3rd quarter valued at approximately $27,000. OLD Second National Bank of Aurora purchased a new position in CoreWeave in the 3rd quarter worth approximately $27,000. KERR FINANCIAL PLANNING Corp purchased a new position in CoreWeave in the 3rd quarter worth approximately $27,000. Finally, Princeton Global Asset Management LLC bought a new position in CoreWeave in the 3rd quarter worth approximately $28,000.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.