CoreWeave (NASDAQ:CRWV) Stock Price Up 19% - Here's Why

Key Points

• CoreWeave's stock saw a significant increase of 19% during trading, reaching a high of $124.90 and closing at $119.27.
• Despite the recent stock surge, analysts maintain a mixed outlook with two strong buy ratings, eight buy ratings, and fifteen hold ratings, leading to an average rating of "Hold" and a consensus price target of $107.45.
• The company's quarterly earnings reported a loss of ($0.27) EPS, missing estimates, but revenue increased by 206.7% compared to the same quarter last year, totaling $1.21 million.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) shares shot up 19% during trading on Wednesday . The company traded as high as $124.90 and last traded at $119.27. 41,018,226 shares traded hands during mid-day trading, an increase of 95% from the average session volume of 21,024,615 shares. The stock had previously closed at $100.22.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Mizuho restated a "neutral" rating and set a $150.00 target price (up previously from $70.00) on shares of CoreWeave in a research report on Tuesday, July 8th. Wall Street Zen downgraded shares of CoreWeave from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. JPMorgan Chase & Co. raised their price target on shares of CoreWeave from $43.00 to $66.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Bank of America lowered their target price on shares of CoreWeave from $185.00 to $168.00 and set a "neutral" rating for the company in a research note on Wednesday, August 13th. Finally, Wells Fargo & Company lifted their price target on shares of CoreWeave from $60.00 to $105.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 13th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, fifteen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $107.45.

CoreWeave Price Performance

The firm's 50-day moving average is $113.83. 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 posted its earnings results 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 company had revenue of $1.21 million for the quarter. The business'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.

Insiders Place Their Bets

In other news, Director Jack D. Cogen sold 1,112,004 shares of the company's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $94.69, for a total value of $105,295,658.76. Following the completion of the sale, the director owned 12,329,676 shares of the company's stock, valued at approximately $1,167,497,020.44. This represents a 8.27% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Magnetar Financial Llc sold 915,382 shares of the company's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $100.15, for a total transaction of $91,675,507.30. Following the completion of the sale, the insider directly owned 397,757 shares of the company's stock, valued at $39,835,363.55. This trade represents a 69.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,768,534 shares of company stock valued at $974,154,272 in the last quarter.

Institutional Investors Weigh In On CoreWeave

Several institutional investors have recently added to or reduced their stakes in CRWV. Chelsea Counsel Co. bought a new position in CoreWeave in the 2nd quarter worth $33,000. Archer Investment Corp purchased a new stake in CoreWeave during the 2nd quarter valued at about $34,000. Chilton Capital Management LLC purchased a new stake in CoreWeave during the 2nd quarter valued at about $39,000. TD Waterhouse Canada Inc. purchased a new stake in CoreWeave during the 2nd quarter valued at about $47,000. Finally, Montag A & Associates Inc. purchased a new stake in CoreWeave during the 2nd quarter valued at about $49,000.

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.