CoreWeave (NASDAQ:CRWV) Shares Up 7.2% - Still a Buy?

Key Points

• CoreWeave (NASDAQ:CRWV) shares surged by 7.2% on Thursday, reaching a high of $105.50 before closing at $103.90, with trading volume increasing to approximately 25.5 million shares.
• Analysts have varying ratings for CoreWeave, with two giving it a Strong Buy rating and a consensus price target of $107.45 based on analysts' evaluations and recent price target adjustments.
• Insider trading has seen significant activity with notable sales, including CFO Nitin Agrawal selling 6,010 shares and insider Brian M. Venturo selling 324,312 shares, indicating potential confidence or strategic moves within the company.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) shares rose 7.2% on Thursday . The stock traded as high as $105.50 and last traded at $103.90. Approximately 25,458,673 shares changed hands during trading, an increase of 25% from the average daily volume of 20,358,697 shares. The stock had previously closed at $96.93.

Analysts Set New Price Targets

CRWV has been the subject of several analyst reports. Northland Capmk raised shares of CoreWeave to a "strong-buy" rating in a research report on Tuesday, May 13th. Bank of America decreased their price target on shares of CoreWeave from $185.00 to $168.00 and set a "neutral" rating for the company in a research note on Wednesday, August 13th. Barclays raised their price objective on shares of CoreWeave from $100.00 to $140.00 and gave the company an "equal weight" rating in a research note on Monday, July 21st. JPMorgan Chase & Co. raised their price objective on shares of CoreWeave from $43.00 to $66.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Finally, Arete upgraded shares of CoreWeave from a "neutral" rating to a "buy" rating and set a $180.00 price target for the company in a research note on Thursday, August 21st. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $107.45.

CoreWeave Trading Up 7.3%

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 company's fifty day moving average is $129.32.

CoreWeave (NASDAQ:CRWV - Get Free Report) last issued its earnings results on Tuesday, August 12th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.07). The company had revenue of $1.21 million for the quarter. CoreWeave's revenue was up 206.7% on a year-over-year basis. CoreWeave has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

Insider Transactions at CoreWeave

In related news, CFO Nitin Agrawal sold 6,010 shares of CoreWeave stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $89.99, for a total transaction of $540,839.90. Following the completion of the transaction, the chief financial officer directly owned 128,412 shares of the company's stock, valued at approximately $11,555,795.88. The trade was a 4.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian M. Venturo sold 324,312 shares of CoreWeave stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $88.10, for a total transaction of $28,571,887.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,443,411 shares of company stock worth $335,945,921.

Institutional Investors Weigh In On CoreWeave

Several large investors have recently modified their holdings of the business. Chelsea Counsel Co. bought a new position in shares of CoreWeave during the 2nd quarter worth approximately $33,000. Archer Investment Corp purchased a new stake in CoreWeave during the second quarter worth $34,000. Chilton Capital Management LLC acquired a new stake in CoreWeave during the second quarter valued at $39,000. TD Waterhouse Canada Inc. acquired a new stake in CoreWeave during the second quarter valued at $47,000. Finally, Montag A & Associates Inc. purchased a new position in CoreWeave during the second quarter valued at $49,000.

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.

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