CoreWeave (NASDAQ:CRWV) Stock Price Up 1.8% - Here's Why

Key Points

• CoreWeave's stock (NASDAQ:CRWV) increased by 1.8% during trading, with a significant volume of approximately 35.8 million shares exchanged, reflecting a 55% rise from its average daily volume.
• Wall Street analysts have varied opinions on CoreWeave, with the stock receiving a consensus rating of "Moderate Buy" and an average price target of $127.64, while some analysts have set targets as high as $165.00.
• Recent insider trading includes Director Jack D. Cogen selling over 1.1 million shares, representing an 8.27% decrease in his holdings, while total insider sales in the last 90 days reached around $3.46 billion.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) shares were up 1.8% during trading on Thursday . The company traded as high as $150.40 and last traded at $141.74. Approximately 35,824,980 shares were traded during trading, an increase of 55% from the average daily volume of 23,171,178 shares. The stock had previously closed at $139.24.

Wall Street Analysts Forecast Growth

A number of analysts have commented on CRWV shares. Melius raised CoreWeave from a "hold" rating to a "buy" rating and set a $165.00 price target for the company in a research report on Tuesday, September 23rd. HSBC started coverage on CoreWeave in a research report on Wednesday, July 16th. They set a "reduce" rating and a $32.00 price target for the company. Barclays lifted their price target on CoreWeave from $100.00 to $140.00 and gave the stock an "equal weight" rating in a research report on Monday, July 21st. Seaport Res Ptn raised CoreWeave to a "hold" rating in a research report on Monday, September 15th. Finally, Citigroup raised CoreWeave from a "neutral" rating to a "buy" rating and set a $160.00 price target for the company in a research report on Thursday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $127.64.

CoreWeave Stock Up 1.8%

The stock has a 50 day simple moving average of $116.53 and a two-hundred day simple moving average of $106.93. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.52 and a current ratio of 0.52.

CoreWeave (NASDAQ:CRWV - Get Free Report) last released its quarterly earnings data on Tuesday, August 12th. The company reported ($0.27) earnings per share for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.07). The business had revenue of $1.21 million during the quarter. The business'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 Activity

In related news, Director Jack D. Cogen sold 1,112,004 shares of CoreWeave stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $94.69, for a total value of $105,295,658.76. Following the completion of the transaction, the director owned 12,329,676 shares in the company, valued at $1,167,497,020.44. The trade was a 8.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Magnetar Financial Llc sold 1,451,063 shares of CoreWeave stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $125.60, for a total value of $182,253,512.80. Following the completion of the transaction, the insider owned 363,631 shares of the company's stock, valued at approximately $45,672,053.60. This represents a 79.96% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 28,611,578 shares of company stock valued at $3,464,713,965.

Hedge Funds Weigh In On CoreWeave

Institutional investors and hedge funds have recently modified their holdings of the business. Chelsea Counsel Co. purchased a new position in shares of CoreWeave in the 2nd quarter valued at about $33,000. Family Legacy Financial Solutions LLC increased its stake in CoreWeave by 166.7% during the 3rd quarter. Family Legacy Financial Solutions LLC now owns 200 shares of the company's stock worth $27,000 after buying an additional 125 shares in the last quarter. Princeton Global Asset Management LLC purchased a new stake in CoreWeave during the 3rd quarter worth approximately $28,000. Archer Investment Corp purchased a new stake in CoreWeave during the 2nd quarter worth approximately $34,000. Finally, Chilton Capital Management LLC purchased a new stake in CoreWeave during the 2nd quarter worth approximately $39,000.

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 and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.