CoreWeave Target of Unusually Large Options Trading (NASDAQ:CRWV)

Key Points

• CoreWeave Inc. (NADSAQ:CRWV) experienced a significant surge in options trading, with investors purchasing 380,790 call options, marking a 10% increase over the average daily volume.
• Insider trading activity shows that significant shares were sold recently, including 311,796 shares by insider Kristen J. Mcveety for approximately $29.69 million.
• In the face of mixed analyst ratings, including a recent upgrade to 'strong-buy' by Northland Capital, CoreWeave's stock price jumped 19.1% to $119.41 amid high trading volume.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) was the target of some unusual options trading activity on Wednesday. Investors purchased 380,790 call options on the company. This is an increase of 10% compared to the average volume of 346,162 call options.

Analysts Set New Price Targets

CRWV has been the topic of a number of research analyst reports. Cantor Fitzgerald initiated coverage on shares of CoreWeave in a research report on Tuesday, August 26th. They set an "overweight" rating and a $116.00 price target on the stock. JMP Securities assumed coverage on shares of CoreWeave in a report on Thursday, May 22nd. They set a "market perform" rating on the stock. DA Davidson reiterated an "underperform" rating and set a $36.00 price objective on shares of CoreWeave in a report on Tuesday, June 10th. Hsbc Global Res upgraded shares of CoreWeave to a "moderate sell" rating in a report on Thursday, July 17th. Finally, Northland Securities upped their price objective on shares of CoreWeave from $85.00 to $165.00 and gave the company an "outperform" rating in a report on Friday, July 18th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $107.45.

Insider Activity at CoreWeave

In related news, insider Brannin Mcbee sold 375,000 shares of CoreWeave stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $91.71, for a total value of $34,391,250.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Magnetar Financial Llc sold 915,382 shares of the business's stock in a transaction on Friday, August 15th. The stock was 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 disclosure for this sale can be found here. Insiders have sold 9,768,534 shares of company stock valued at $974,154,272 over the last three months.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Centaurus Financial Inc. bought a new position in shares of CoreWeave during the 2nd quarter valued at approximately $138,000. Squarepoint Ops LLC bought a new position in shares of CoreWeave during the 2nd quarter valued at approximately $629,000. Munro Partners bought a new position in shares of CoreWeave during the 2nd quarter valued at approximately $1,871,000. B. Riley Wealth Advisors Inc. bought a new position in shares of CoreWeave during the 2nd quarter valued at approximately $467,000. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of CoreWeave during the 2nd quarter valued at approximately $1,019,000.

CoreWeave Trading Down 0.6%

Shares of CRWV traded down $0.73 on Friday, reaching $111.96. The company's stock had a trading volume of 32,480,398 shares, compared to its average volume of 29,738,816. The company has a debt-to-equity ratio of 2.79, a current ratio of 0.52 and a quick ratio of 0.52. CoreWeave has a twelve month low of $33.51 and a twelve month high of $187.00. The company has a fifty day moving average of $113.83.

CoreWeave (NASDAQ:CRWV - Get Free Report) last issued its quarterly earnings data 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 business had revenue of $1.21 million for the quarter. CoreWeave'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.

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.