CoreWeave (NASDAQ:CRWV) Trading Up 2.2% - What's Next?

Key Points

• CoreWeave Inc. shares increased by 2.2% during mid-day trading, with a last trading price of $143.08 and a notable trading volume of over 24 million shares.
• Equities analysts have mixed ratings on CoreWeave, with the company's consensus rating categorized as a "Moderate Buy" and an average price target of $127.64.
• Insider selling has been substantial, with CEO Michael N. Intrator recently selling over 15,000 shares for more than $2.1 million, contributing to a high level of turnover among company insiders.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) shares shot up 2.2% during mid-day trading on Thursday . The company traded as high as $143.69 and last traded at $143.08. 24,398,094 shares were traded during trading, an increase of 6% from the average session volume of 22,940,859 shares. The stock had previously closed at $139.98.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CRWV shares. Citizens Jmp raised shares of CoreWeave from a "market perform" rating to an "outperform" rating and set a $180.00 price target for the company in a report on Tuesday, September 16th. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of CoreWeave in a research note on Wednesday, August 13th. Weiss Ratings reissued a "sell (d)" rating on shares of CoreWeave in a report on Saturday, September 27th. Raymond James Financial started coverage on CoreWeave in a research note on Monday, September 15th. They set an "outperform" rating and a $130.00 price objective for the company. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of CoreWeave in a research report on Wednesday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $127.64.

CoreWeave Trading Up 2.2%

The company has a 50 day moving average of $114.11 and a 200-day moving average of $105.57. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.52 and a current ratio of 0.52.

CoreWeave (NASDAQ:CRWV - Get Free Report) last posted its quarterly earnings results on Tuesday, August 12th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.07). The firm had revenue of $1.21 million for the quarter. CoreWeave's quarterly revenue was up 206.7% on a year-over-year basis. CoreWeave has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

Insider Buying and Selling

In related news, CEO Michael N. Intrator sold 15,174 shares of the business's stock in a transaction that occurred on Wednesday, October 8th. The stock was sold at an average price of $139.66, for a total transaction of $2,119,200.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Magnetar Financial Llc sold 63,318 shares of the stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $137.63, for a total value of $8,714,456.34. Following the completion of the sale, the insider directly owned 339,232 shares in the company, valued at $46,688,500.16. This represents a 15.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,422,319 shares of company stock valued at $3,009,610,759.

Institutional Investors Weigh In On CoreWeave

Several large investors have recently made changes to their positions in the company. Apexium Financial LP bought a new position in CoreWeave in the 2nd quarter worth approximately $1,044,000. Chung Wu Investment Group LLC bought a new position in shares of CoreWeave in the second quarter worth $755,000. Cisco Systems Inc. acquired a new position in shares of CoreWeave during the second quarter valued at $173,493,000. Gamco Investors INC. ET AL bought a new stake in shares of CoreWeave during the first quarter valued at about $318,000. Finally, Magnus Financial Group LLC acquired a new stake in CoreWeave in the second quarter worth about $903,000.

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.

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