CoreWeave (NASDAQ:CRWV) Trading 2.4% Higher After Earnings Beat

Key Points

• CoreWeave shares rose 2.4% after the company reported quarterly EPS of negative $1.32, beating analysts’ estimate of negative $1.52, though it remains unprofitable with a negative 25.57% net margin.
• Analyst sentiment is broadly positive: the stock has a “Moderate Buy” consensus rating and a $136.82 average price target, while JPMorgan raised its target to $110 and Jefferies maintained a $150 target.
• Strong AI-compute demand and new financing support expansion, but significant risks remain, including a debt-to-equity ratio of 3.68 and substantial insider selling totaling roughly $896.8 million over the past 90 days.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) shares were up 2.4% on Tuesday following a better than expected earnings announcement. The stock traded as high as $93.60 and last traded at $90.32. 34,085,183 shares traded hands during mid-day trading, an increase of 21% from the average daily volume of 28,173,967 shares. The stock had previously closed at $88.19.

The company reported ($1.32) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.52) by $0.20. CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: JPMorgan raised its price target for CoreWeave (CRWV) from $105 to $110, implying substantial potential upside, although it retained a neutral rating. Benzinga
• Positive Sentiment: Jefferies maintained a Buy rating and a $150 price target, citing strong demand for AI compute. CoreWeave’s new $2.6 billion financing deal also supports continued data-center expansion, though profitability is not expected to materially improve for several months. CoreWeave earnings: Jefferies eying founder selling, not profit, as the next catalyst
• Positive Sentiment: A deal with Solidigm gives CoreWeave priority access to solid-state drives, potentially easing storage constraints and improving its ability to scale AI-cloud capacity. CRWV's Solidigm Deal
• Positive Sentiment: Market commentator Jim Cramer identified CoreWeave as a preferred AI-infrastructure investment over IREN, describing it as cheaper and better positioned. Jim Cramer Picks CoreWeave as the Better Buy Over IREN

Analyst Ratings Changes

A number of analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $150.00 target price on shares of CoreWeave in a research note on Friday. Evercore reiterated an "outperform" rating and set a $150.00 price target on shares of CoreWeave in a research report on Wednesday, April 15th. Cantor Fitzgerald assumed coverage on CoreWeave in a report on Wednesday, July 22nd. They issued an "overweight" rating for the company. Piper Sandler started coverage on CoreWeave in a research report on Monday, August 3rd. They issued an "overweight" rating and a $151.00 price objective on the stock. Finally, BTIG Research initiated coverage on shares of CoreWeave in a research note on Wednesday, July 22nd. They set a "buy" rating on the stock. One analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $136.82.

Insider Buying and Selling at CoreWeave

In other CoreWeave news, CEO Michael N. Intrator sold 278,560 shares of CoreWeave stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $97.43, for a total transaction of $27,140,100.80. Following the sale, the chief executive officer owned 3,138,612 shares of the company's stock, valued at $305,794,967.16. The trade was a 8.15% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Brian M. Venturo sold 375,000 shares of the company's stock in a transaction on Monday, May 18th. The stock was sold at an average price of $101.24, for a total transaction of $37,965,000.00. 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. In the last 90 days, insiders have sold 9,036,105 shares of company stock worth $896,789,395. Corporate insiders own 24.20% of the company's stock.

Institutional Trading of CoreWeave

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in shares of CoreWeave by 275.6% during the 4th quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company's stock worth $1,999,421,000 after acquiring an additional 20,487,478 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of CoreWeave by 6,022.0% in the fourth 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 grew its holdings in shares of CoreWeave by 8,455.6% in the fourth quarter. Legal & General Group Plc now owns 611,301 shares of the company's stock valued at $43,775,000 after purchasing an additional 604,156 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in CoreWeave by 67.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 66,947 shares of the company's stock worth $4,794,000 after purchasing an additional 26,907 shares during the last quarter. Finally, Broad Peak Investment Advisers Pte Ltd acquired a new stake in CoreWeave during the fourth quarter worth about $15,539,000.

CoreWeave Stock Up 2.4%

The company has a debt-to-equity ratio of 3.68, a current ratio of 0.31 and a quick ratio of 0.31. The business's 50 day simple moving average is $91.08 and its 200 day simple moving average is $94.76. The company has a market capitalization of $40.42 billion, a PE ratio of -29.04 and a beta of 7.45.

CoreWeave Company Profile

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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