CoreWeave (NASDAQ:CRWV) Trading 2.4% Higher - Here's What Happened

Key Points

• CoreWeave shares rose 2.4% on Thursday, briefly reaching $119.89 amid very heavy trading volume of 65.1 million shares, far above its average daily volume.
• The stock’s recent move is being supported by major growth catalysts, including its planned addition to the Nasdaq-100, strong MLPerf training results, and reports that its AI backlog has expanded by about $32 billion.
• Despite the optimism, investors are watching risk factors such as large insider stock sales, aggressive 2026 capex guidance of $31 billion to $35 billion, and concerns from some analysts that the stock may be stretched at current levels.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) rose 2.4% on Thursday . The company traded as high as $119.89 and last traded at $117.95. 65,125,240 shares were traded during mid-day trading, an increase of 129% from the average daily volume of 28,471,930 shares. The stock had previously closed at $115.21.

Trending Headlines about CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave’s planned addition to the Nasdaq-100 is driving index-related buying and broadening investor attention, which is helping fuel the stock’s recent advance. CoreWeave (CRWV) to Join Nasdaq-100, Soars 9.67%
• Positive Sentiment: CoreWeave reported record MLPerf training results, including standout DeepSeek-V3 performance, supporting the view that its infrastructure is among the strongest in the AI compute market. CoreWeave (CRWV) Posts Record MLPerf Training Results On Customer Ready Infrastructure
• Positive Sentiment: Commentary says CoreWeave added roughly $32 billion to its AI backlog, increasing visibility into future revenue and underscoring surging demand for AI cloud capacity. CoreWeave Just Added $32 Billion to Its AI Backlog Ahead of Joining the Nasdaq-100. Is CRWV a Buy at $117?
• Neutral Sentiment: Several executives, including EVP Chen Goldberg and insider Brannin McBee, disclosed stock sales, but the transactions were made under pre-arranged Rule 10b5-1 plans, making them less alarming than discretionary selling. SEC filing for Chen Goldberg sale
• Neutral Sentiment: CoreWeave’s 2026 capex guide of $31 billion to $35 billion reflects aggressive growth ambitions, but also highlights the heavy spending and execution risk tied to its expansion. CoreWeave Guides $31-$35B Capex for 2026: Fuel or Financial Strain?
• Negative Sentiment: Some analysts are warning that CoreWeave may be stretched at current levels, while broader skepticism about the AI capex boom could weigh on sentiment if investors become more risk-averse. Legendary Short Seller Jim Chanos Issues Dire Prediction

Analyst Ratings Changes

CRWV has been the subject of a number of analyst reports. Bank of America upgraded shares of CoreWeave from a "neutral" rating to a "buy" rating and set a $100.00 price target for the company in a research note on Tuesday, March 24th. Mizuho boosted their price target on CoreWeave from $105.00 to $110.00 and gave the company a "neutral" rating in a research note on Friday, May 8th. Weiss Ratings reiterated a "sell (e+)" rating on shares of CoreWeave in a research report on Monday, May 4th. Wolfe Research assumed coverage on CoreWeave in a report on Thursday, April 16th. They set an "outperform" rating and a $150.00 price objective for the company. Finally, Roth Mkm restated a "buy" rating and issued a $150.00 target price on shares of CoreWeave in a research note on Friday, May 8th. Twenty analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, CoreWeave presently has a consensus rating of "Moderate Buy" and an average target price of $131.52.

CoreWeave Stock Up 2.4%

The firm has a market capitalization of $52.79 billion, a price-to-earnings ratio of -37.93 and a beta of 7.14. The firm has a fifty day moving average price of $109.72 and a 200 day moving average price of $93.38. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 3.68.

CoreWeave (NASDAQ:CRWV - Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported ($1.40) earnings per share 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 business had revenue of $2.08 billion for the quarter. During the same period last year, the company earned ($0.60) earnings per share. CoreWeave's quarterly revenue was up 111.6% on a year-over-year basis. Sell-side analysts anticipate that CoreWeave Inc. will post -4.57 EPS for the current fiscal year.

Insider Activity at CoreWeave

In other CoreWeave news, insider Brian M. Venturo sold 1,125,000 shares of the firm's stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $80.86, for a total value of $90,967,500.00. Following the completion of the sale, the insider owned 285,327 shares in the company, valued at approximately $23,071,541.22. This trade represents a 79.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jack D. Cogen sold 986,540 shares of the business's stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $107.80, for a total transaction of $106,349,012.00. The disclosure for this sale is available in the SEC filing. Insiders sold 27,628,694 shares of company stock valued at $3,125,766,052 over the last ninety days.

Institutional Trading of CoreWeave

Hedge funds and other institutional investors have recently modified their holdings of the stock. KERR FINANCIAL PLANNING Corp bought a new position in CoreWeave in the 3rd quarter valued at $27,000. Rothschild Investment LLC raised its position in shares of CoreWeave by 10,700.0% during the third quarter. Rothschild Investment LLC now owns 216 shares of the company's stock worth $30,000 after acquiring an additional 214 shares during the last quarter. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of CoreWeave during the third quarter valued at $30,000. Pin Oak Investment Advisors Inc. acquired a new position in shares of CoreWeave during the third quarter valued at $34,000. Finally, Cornerstone Planning Group LLC boosted its holdings in CoreWeave by 272.8% in the fourth quarter. Cornerstone Planning Group LLC now owns 343 shares of the company's stock valued at $25,000 after acquiring an additional 251 shares during the last quarter.

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.

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