CoreWeave (NASDAQ:CRWV) Stock Price Up 6.3% - Still a Buy?

Key Points

• CoreWeave shares rose 6.3% to about $90.67, supported by continued demand for its GPU cloud infrastructure, including a new research-focused customer selection by IMC.
• Analysts remain broadly positive, with a “Moderate Buy” consensus and an average price target of $136.67; Rosenblatt maintained a Buy rating with a $250 target.
• Key risks include the company’s upcoming August 11 earnings report, continued losses and heavy leverage, while insiders sold substantial shares under pre-arranged trading plans.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report)'s stock price was up 6.3% during mid-day trading on Friday . The stock traded as high as $91.03 and last traded at $90.67. Approximately 18,529,224 shares traded hands during mid-day trading, a decline of 34% from the average session volume of 28,235,445 shares. The stock had previously closed at $85.33.

Key CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: IMC selected CoreWeave to support a deeper research investment, adding evidence that the company’s GPU cloud infrastructure is gaining traction among research and high-performance computing users. IMC Selects CoreWeave As Firm Deepens Research Investment
• Positive Sentiment: Rosenblatt Securities reaffirmed a Buy rating and a $250 price target, while other analysts have maintained bullish ratings. The target implies substantial upside if CoreWeave can sustain AI demand and improve profitability. Rosenblatt Securities Reaffirms Buy Rating
• Positive Sentiment: Commentary comparing CoreWeave with IREN frames CRWV as a major “neocloud” investment option, potentially supporting interest from investors seeking leveraged exposure to AI-compute growth. CRWV vs IREN: Which Stock Does Jim Cramer Think Is the Better Neocloud Bet?
• Neutral Sentiment: Investors are focused on the August 11 earnings release. CoreWeave’s prior quarter delivered 111.6% revenue growth to $2.08 billion but missed EPS expectations, making its next outlook, customer demand and capital-spending plans important for valuation. Should You Buy CoreWeave Before or After Earnings?
• Negative Sentiment: CEO Michael Intrator sold 307,692 shares worth about $28.2 million, and EVP Chen Goldberg sold 25,605 shares worth approximately $2.35 million. The transactions were made under pre-arranged Rule 10b5-1 plans; Goldberg’s sales covered tax withholding, but the volume still pressured the stock. CoreWeave Insider Selling
• Negative Sentiment: CoreWeave remains unprofitable, highly leveraged and capital-intensive, with a debt-to-equity ratio of 3.68 and a current ratio of 0.31. Investors remain sensitive to financing needs and whether rapid AI infrastructure growth can translate into sustainable earnings. CoreWeave Stock Information

Wall Street Analyst Weigh In

CRWV has been the topic of several recent analyst reports. Cantor Fitzgerald started coverage on shares of CoreWeave in a report on Wednesday, July 22nd. They issued an "overweight" rating on the stock. Citigroup reduced their price objective on CoreWeave from $158.00 to $142.00 and set a "buy" rating for the company in a research report on Wednesday. Rosenblatt Securities restated a "buy" rating and issued a $250.00 price target on shares of CoreWeave in a research note on Wednesday. Mizuho cut their price objective on shares of CoreWeave from $110.00 to $100.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 15th. Finally, BNP Paribas Exane started coverage on CoreWeave in a research report on Tuesday, June 2nd. They set an "outperform" rating and a $192.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $136.67.

CoreWeave Trading Up 6.3%

The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.31 and a current ratio of 0.31. The company's 50 day simple moving average is $92.19 and its two-hundred day simple moving average is $94.89. The stock has a market cap of $40.59 billion, a price-to-earnings ratio of -29.16 and a beta of 7.44.

CoreWeave (NASDAQ:CRWV - Get Free Report) last issued its earnings results on Thursday, May 7th. The company reported ($1.40) EPS for the quarter, missing analysts' consensus estimates of ($1.17) by ($0.23). CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. The firm had revenue of $2.08 billion during the quarter. During the same quarter in the prior year, the business earned ($0.60) EPS. CoreWeave's quarterly revenue was up 111.6% on a year-over-year basis. Research analysts expect that CoreWeave Inc. will post -5.7 EPS for the current fiscal year.

Insider Activity

In other CoreWeave news, insider Jeff Baker sold 6,455 shares of the company's stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $66.51, for a total transaction of $429,322.05. Following the completion of the sale, the insider directly owned 7,167 shares in the company, valued at $476,677.17. This represents a 47.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Michael N. Intrator sold 200,000 shares of the business's stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $91.80, for a total value of $18,360,000.00. Following the transaction, the chief executive officer owned 2,076,815 shares in the company, valued at $190,651,617. This represents a 8.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 9,718,798 shares of company stock valued at $972,747,064 in the last quarter. 24.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of CoreWeave by 275.6% during the fourth quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company's stock worth $1,999,421,000 after buying an additional 20,487,478 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of CoreWeave by 6,022.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 112,768 shares of the company's stock valued at $8,075,000 after purchasing an additional 110,926 shares during the period. Legal & General Group Plc raised its holdings in CoreWeave by 8,455.6% during the 4th quarter. Legal & General Group Plc now owns 611,301 shares of the company's stock worth $43,775,000 after buying an additional 604,156 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in CoreWeave by 67.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 66,947 shares of the company's stock valued at $4,794,000 after buying an additional 26,907 shares in the last quarter. Finally, Broad Peak Investment Advisers Pte Ltd bought a new position in CoreWeave in the fourth quarter valued at approximately $15,539,000.

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.

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.

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