CoreWeave (NASDAQ:CRWV) Shares Up 9.7% – Should You Buy?

CoreWeave Inc. (NASDAQ:CRWV) rose 9.7% on Tuesday . The company traded as high as $119.45 and last traded at $117.03. Approximately 42,357,279 shares traded hands during mid-day trading, an increase of 50% from the average session volume of 28,224,832 shares. The stock had previously closed at $106.71.

Key Stories Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave’s inclusion in the Nasdaq-100 is driving index-related buying and improving sentiment toward the stock, as investors anticipate forced demand from funds that track the index. CoreWeave (CRWV) to Join Nasdaq-100, Soars 9.67%
• Positive Sentiment: CoreWeave said it posted record MLPerf training results, including a standout DeepSeek-V3 training benchmark, reinforcing its credibility as a high-performance AI infrastructure provider. CoreWeave (CRWV) Posts Record MLPerf Training Results On Customer Ready Infrastructure
• Positive Sentiment: Articles highlight a much larger AI backlog and strong demand visibility, with one report noting CoreWeave added about $32 billion to its AI backlog ahead of the Nasdaq-100 addition. CoreWeave Just Added $32 Billion to Its AI Backlog Ahead of Joining the Nasdaq-100. Is CRWV a Buy at $117?
• Neutral Sentiment: Recent insider selling by executives Chen Goldberg and Brannin McBee may draw attention, but the trades were made under pre-arranged 10b5-1 plans, which makes them less concerning than discretionary selling. SEC filing for Chen Goldberg sale
• Neutral Sentiment: CoreWeave’s plan to spend $31 billion to $35 billion on capex in 2026 supports growth, but also raises questions about profitability, financing needs, and execution risk. CoreWeave Guides $31-$35B Capex for 2026: Fuel or Financial Strain?
• Negative Sentiment: Some commentary warns that CoreWeave’s valuation is already stretched near current levels, and broader skepticism about the AI capex boom could pressure shares if investor risk appetite cools. CoreWeave Just Added $32 Billion to Its AI Backlog Ahead of Joining the Nasdaq-100. Is CRWV a Buy at $117?

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Barclays raised their price objective on CoreWeave from $106.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Monday, May 11th. Oppenheimer increased their target price on shares of CoreWeave from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Needham & Company LLC reissued a “hold” rating on shares of CoreWeave in a report on Friday, February 27th. Bank of America upgraded shares of CoreWeave from a “neutral” rating to a “buy” rating and set a $100.00 price target on the stock in a research report on Tuesday, March 24th. Finally, Roth Mkm reaffirmed a “buy” rating and issued a $150.00 price target on shares of CoreWeave in a report on Friday, May 8th. Twenty equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $131.52.

CoreWeave Stock Up 2.4%

The firm has a market cap of $52.79 billion, a price-to-earnings ratio of -37.93 and a beta of 7.14. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 3.68. The stock has a 50-day moving average of $109.72 and a 200-day moving average of $93.38.

CoreWeave (NASDAQ:CRWV) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($1.40) EPS for the quarter, missing analysts’ consensus estimates of ($1.17) by ($0.23). CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.The company had revenue of $2.08 billion for the quarter. During the same period in the prior year, the firm posted ($0.60) EPS. CoreWeave’s revenue was up 111.6% compared to the same quarter last year. As a group, sell-side analysts forecast that CoreWeave Inc. will post -4.57 EPS for the current fiscal year.

Insider Transactions at CoreWeave

In other CoreWeave news, CFO Nitin Agrawal sold 63,891 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $93.35, for a total transaction of $5,964,224.85. Following the completion of the transaction, the chief financial officer directly owned 252,200 shares of the company’s stock, valued at $23,542,870. The trade was a 20.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Brannin Mcbee sold 52,500 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $107.30, for a total transaction of $5,633,250.00. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 27,628,694 shares of company stock worth $3,125,766,052 over the last 90 days.

Hedge Funds Weigh In On CoreWeave

Several hedge funds and other institutional investors have recently made changes to their positions in CRWV. Vanguard Group Inc. raised its stake in CoreWeave by 275.6% during the 4th quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company’s stock valued at $1,999,421,000 after acquiring an additional 20,487,478 shares in the last quarter. Proficio Capital Partners LLC grew its stake in shares of CoreWeave by 446,194.0% in the third quarter. Proficio Capital Partners LLC now owns 17,851,760 shares of the company’s stock worth $2,443,013,000 after purchasing an additional 17,847,760 shares in the last quarter. Deutsche Bank AG grew its stake in shares of CoreWeave by 22,624.0% in the fourth quarter. Deutsche Bank AG now owns 3,812,856 shares of the company’s stock worth $273,039,000 after purchasing an additional 3,796,077 shares in the last quarter. Altimeter Capital Management LP bought a new position in shares of CoreWeave in the fourth quarter worth $230,099,000. Finally, Alyeska Investment Group L.P. increased its holdings in shares of CoreWeave by 300.0% during the fourth quarter. Alyeska Investment Group L.P. now owns 4,000,000 shares of the company’s stock valued at $286,440,000 after purchasing an additional 3,000,000 shares during the period.

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.