CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) shot up 3% on Wednesday . The company traded as high as $96.69 and last traded at $94.14. 11,255,491 shares were traded during mid-day trading, a decline of 44% from the average session volume of 20,123,365 shares. The stock had previously closed at $91.39.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the stock. Wall Street Zen cut shares of CoreWeave from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Citizens Jmp upgraded shares of CoreWeave to a "hold" rating in a research report on Thursday, May 22nd. Northland Capmk raised CoreWeave to a "strong-buy" rating in a report on Tuesday, May 13th. Hsbc Global Res raised CoreWeave to a "moderate sell" rating in a research note on Thursday, July 17th. Finally, Arete Research raised CoreWeave from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 21st. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $107.45.
Check Out Our Latest Report on CoreWeave
CoreWeave Stock Performance
The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 2.79. The stock's 50 day moving average price is $130.78.
CoreWeave (NASDAQ:CRWV - Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The company reported ($0.27) EPS 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 company's 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 Buying and Selling at CoreWeave
In related news, insider Kristen J. Mcveety sold 2,292 shares of CoreWeave stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $89.97, for a total transaction of $206,211.24. Following the completion of the sale, the insider owned 4,183 shares of the company's stock, valued at approximately $376,344.51. This trade represents a 35.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian M. Venturo sold 324,312 shares of the business's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $88.10, for a total value of $28,571,887.20. The disclosure for this sale can be found here. Insiders sold 3,443,411 shares of company stock valued at $335,945,921 in the last quarter.
Hedge Funds Weigh In On CoreWeave
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Chelsea Counsel Co. acquired a new position in shares of CoreWeave during the 2nd quarter worth $33,000. Archer Investment Corp bought a new stake in CoreWeave in the second quarter worth $34,000. Chilton Capital Management LLC bought a new stake in CoreWeave in the second quarter worth $39,000. TD Waterhouse Canada Inc. acquired a new position in CoreWeave during the second quarter worth $47,000. Finally, Montag A & Associates Inc. bought a new position in CoreWeave during the second quarter valued at about $49,000.
CoreWeave Company Profile
(
Get Free Report)
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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