CoreWeave (NASDAQ:CRWV) Trading Up 6.6% - Here's Why

Key Points

• CoreWeave's stock rose 6.6% to $95.01, with trading volume down 49% compared to its average.
• Analysts have varied opinions on the stock, with a consensus rating of "Hold" and target price of $107.45.
• Insider selling included a major shareholder offloading nearly 1 million shares, significantly reducing their stake in the company.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report)'s stock price rose 6.6% on Monday . The company traded as high as $95.47 and last traded at $95.01. Approximately 10,561,948 shares were traded during trading, a decline of 49% from the average daily volume of 20,559,414 shares. The stock had previously closed at $89.09.

Analysts Set New Price Targets

CRWV has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of CoreWeave in a research note on Wednesday, August 13th. Stifel Nicolaus boosted their price target on shares of CoreWeave from $115.00 to $120.00 and gave the company a "hold" rating in a research report on Wednesday, August 13th. Macquarie increased their price objective on shares of CoreWeave from $65.00 to $115.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 13th. Barclays lifted their price objective on shares of CoreWeave from $100.00 to $140.00 and gave the company an "equal weight" rating in a research report on Monday, July 21st. Finally, Needham & Company LLC restated a "hold" rating on shares of CoreWeave in a report on Wednesday, August 13th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $107.45.

CoreWeave Price Performance

The company has a debt-to-equity ratio of 2.79, a current ratio of 0.52 and a quick ratio of 0.52. The firm has a fifty day simple moving average of $119.14.

CoreWeave (NASDAQ:CRWV - Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.07). The business had revenue of $1.21 million during 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 other CoreWeave news, major shareholder Magnetar Financial Llc sold 915,382 shares of the business's stock in a transaction dated 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 sale, the insider directly owned 397,757 shares in the company, valued at approximately $39,835,363.55. The trade was a 69.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jack D. Cogen sold 1,112,004 shares of the business's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $94.69, for a total transaction of $105,295,658.76. Following the transaction, the director directly 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 disclosure for this sale can be found here. Insiders sold a total of 7,471,406 shares of company stock valued at $722,416,182 in the last ninety days.

Institutional Trading of CoreWeave

Hedge funds and other institutional investors have recently bought and sold shares of the company. Cisco Systems Inc. purchased a new position in shares of CoreWeave during the 2nd quarter valued at approximately $173,493,000. Geode Capital Management LLC boosted its holdings in CoreWeave by 142.6% in the second quarter. Geode Capital Management LLC now owns 716,178 shares of the company's stock valued at $116,809,000 after purchasing an additional 420,915 shares during the last quarter. Lmdagg L.L.C. acquired a new stake in CoreWeave in the 2nd quarter valued at approximately $48,030,000. Sivia Capital Partners LLC acquired a new stake in shares of CoreWeave in the second quarter worth $39,824,000. Finally, Sumitomo Mitsui Trust Group Inc. bought a new position in CoreWeave during the second quarter valued at about $34,284,000.

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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