CoreWeave (NASDAQ:CRWV) Trading 7.5% Higher - Here's Why

Key Points

• CoreWeave's stock price increased by 7.5% on Friday, reaching a high of $133.05, following a previous close of $123.34.
• Research analysts have set a range of price targets for CoreWeave, with the highest at $180.00 and a consensus average target of $127.64, reflecting a positive outlook on the company's stock.
• Insider trading activity has seen significant sales from major shareholders, with one selling over 1.4 million shares, which may be indicative of confidence concerns within the management.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report)'s share price traded up 7.5% on Friday . The stock traded as high as $133.05 and last traded at $132.55. 20,705,825 shares traded hands during mid-day trading, a decline of 11% from the average session volume of 23,209,104 shares. The stock had previously closed at $123.34.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Raymond James Financial assumed coverage on shares of CoreWeave in a report on Monday, September 15th. They issued an "outperform" rating and a $130.00 target price for the company. HC Wainwright raised shares of CoreWeave from a "neutral" rating to a "buy" rating and set a $180.00 target price for the company in a report on Thursday, August 21st. Moffett Nathanson increased their price objective on shares of CoreWeave from $56.00 to $65.00 and gave the company a "neutral" rating in a report on Tuesday, August 19th. Mizuho reissued a "neutral" rating and set a $150.00 price objective (up previously from $70.00) on shares of CoreWeave in a report on Tuesday, July 8th. Finally, Citigroup raised shares of CoreWeave from a "neutral" rating to a "buy" rating and set a $160.00 price objective for the company in a report on Thursday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $127.64.

CoreWeave Stock Up 7.5%

The firm's fifty day simple moving average is $116.91 and its 200 day simple moving average is $110.19. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 2.79.

CoreWeave (NASDAQ:CRWV - Get Free Report) last released its quarterly earnings data on Tuesday, August 12th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.07). The business had revenue of $1.21 million for the quarter. The company's quarterly revenue was up 206.7% compared to the same quarter last year. CoreWeave has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

Insider Transactions at CoreWeave

In related news, major shareholder Magnetar Financial Llc sold 1,451,063 shares of the 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 trade represents a 79.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jack D. Cogen sold 1,112,004 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $94.69, for a total transaction of $105,295,658.76. Following the completion of the transaction, the director directly owned 12,329,676 shares of the company's stock, valued at approximately $1,167,497,020.44. The trade was a 8.27% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 32,247,931 shares of company stock valued at $3,978,619,565.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Family Legacy Financial Solutions LLC lifted its holdings in shares of CoreWeave by 166.7% in the 3rd quarter. Family Legacy Financial Solutions LLC now owns 200 shares of the company's stock valued at $27,000 after acquiring an additional 125 shares during the last quarter. HighMark Wealth Management LLC purchased a new stake in CoreWeave in the 3rd quarter worth about $27,000. OLD Second National Bank of Aurora purchased a new stake in CoreWeave in the 3rd quarter worth about $27,000. Princeton Global Asset Management LLC purchased a new stake in CoreWeave in the 3rd quarter worth about $28,000. Finally, Chelsea Counsel Co. purchased a new stake in CoreWeave in the 2nd quarter worth about $33,000.

CoreWeave Company Profile

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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