CoreWeave (NASDAQ:CRWV) Trading Up 5.9% - Time to Buy?

Key Points

• Shares rose 5.9% intraday, trading as high as $88.26 and last around $85.86 on heavy interest (≈25.7M shares), while analysts' price targets range widely from $56 to $140 with an average target of $122.35 and a consensus rating of "Moderate Buy."
• Mixed fundamentals: revenue jumped 110.4% year-over-year to $1.57 billion, but the company missed EPS estimates (reported -$0.89 vs. -$0.61), shows negative margins/ROE and high leverage (debt-to-equity 4.46) with low liquidity (quick/current ratio 0.46).
• Significant insider selling: insiders have sold roughly 4.59 million shares over the last three months (about $387 million), including large executive dispositions that may be viewed as a red flag by investors.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report)'s stock price rose 5.9% during mid-day trading on Monday . The company traded as high as $88.26 and last traded at $85.86. Approximately 25,670,447 shares traded hands during trading, a decline of 5% from the average daily volume of 26,897,281 shares. The stock had previously closed at $81.11.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CRWV. Citigroup lowered their target price on CoreWeave from $135.00 to $126.00 and set a "buy" rating for the company in a research note on Wednesday, March 4th. Sanford C. Bernstein began coverage on CoreWeave in a research report on Thursday, March 5th. They set an "underperform" rating and a $56.00 price target on the stock. Deutsche Bank Aktiengesellschaft raised CoreWeave from a "hold" rating to a "buy" rating and lifted their price target for the stock from $100.00 to $140.00 in a research note on Tuesday, January 27th. Roth Mkm reiterated a "buy" rating on shares of CoreWeave in a research report on Monday, February 23rd. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of CoreWeave in a research note on Monday, December 29th. Eighteen research analysts have rated the stock with a Buy rating, twelve 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 an average rating of "Moderate Buy" and an average target price of $122.35.

CoreWeave Trading Up 5.9%

The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 4.46. The company has a market capitalization of $35.98 billion and a PE ratio of -26.83. The stock's fifty day moving average price is $88.89 and its two-hundred day moving average price is $98.25.

CoreWeave (NASDAQ:CRWV - Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The company reported ($0.89) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.61) by ($0.28). CoreWeave had a negative net margin of 22.75% and a negative return on equity of 33.82%. The business had revenue of $1.57 billion for the quarter. The company's quarterly revenue was up 110.4% on a year-over-year basis.

Insider Activity

In related news, insider Brian M. Venturo sold 281,250 shares of the company's stock in a transaction that occurred on Wednesday, December 24th. The stock was sold at an average price of $79.36, for a total transaction of $22,320,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Brannin Mcbee sold 300,000 shares of the firm's stock in a transaction on Monday, March 9th. The stock was sold at an average price of $72.61, for a total value of $21,783,000.00. Following the completion of the sale, the insider directly owned 248,664 shares of the company's stock, valued at $18,055,493.04. The trade was a 54.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 4,585,885 shares of company stock valued at $387,110,134.

Institutional Investors Weigh In On CoreWeave

Institutional investors and hedge funds have recently modified their holdings of the stock. Sivia Capital Partners LLC purchased a new position in shares of CoreWeave during the second quarter valued at about $39,824,000. Envestnet Asset Management Inc. purchased a new stake in CoreWeave in the second quarter worth about $1,729,000. Bank of New York Mellon Corp purchased a new stake in CoreWeave in the second quarter worth about $12,600,000. Allworth Financial LP boosted its position in CoreWeave by 9,268.8% during the 2nd quarter. Allworth Financial LP now owns 1,499 shares of the company's stock valued at $244,000 after acquiring an additional 1,483 shares in the last quarter. Finally, PNC Financial Services Group Inc. bought a new stake in CoreWeave during the 2nd quarter valued at approximately $438,000.

CoreWeave Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.