CoreWeave (NASDAQ:CRWV) Shares Up 3.8% – Still a Buy?

CoreWeave Inc. (NASDAQ:CRWV)’s share price was up 3.8% during mid-day trading on Wednesday . The stock traded as high as $85.37 and last traded at $82.64. Approximately 22,762,729 shares traded hands during trading, a decline of 20% from the average session volume of 28,282,906 shares. The stock had previously closed at $79.58.

Key CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Truist upgraded CoreWeave to Buy, which helped lift sentiment and added to the stock’s recent rebound as investors react to improving Wall Street views on the AI infrastructure name. CoreWeave upgraded to buy at Truist
• Positive Sentiment: Baird initiated coverage on CoreWeave with an Outperform rating, alongside Nebius, reinforcing the view that AI cloud demand remains attractive for the sector. CoreWeave, Nebius initiated with outperform ratings at Baird
• Positive Sentiment: Analysts and market coverage continue to highlight upside potential for CRWV as demand for GPU cloud services stays strong and the company pursues aggressive power capacity expansion. CoreWeave (CRWV) Is Chasing 108% Q2 Revenue Growth With A Big Power Ramp
• Neutral Sentiment: Brokerage price-target roundups point to meaningful upside versus the current share price, but these are still based on future execution rather than near-term fundamentals. CoreWeave Inc. (NASDAQ:CRWV) Receives $139.69 Consensus PT from Brokerages
• Neutral Sentiment: CoreWeave’s CFO sold about $5.5 million of company shares, which can weigh on sentiment, though insider sales are often not a major fundamental signal on their own. CoreWeave’s CFO Sold Company Shares for $5.5 Million. What Does That Mean for Investors?
• Negative Sentiment: Recent commentary continues to flag heavy debt, high capex, and execution risk, with analysts questioning whether CoreWeave can scale power capacity quickly enough to justify the valuation. CoreWeave faces execution test as data center activation ramps up
• Negative Sentiment: Barclays cut its price target on CoreWeave from $120 to $90 and kept an Equal Weight rating, reflecting caution around the stock’s premium expectations and balance-sheet strain. CoreWeave had its price target lowered by Barclays PLC

Wall Street Analysts Forecast Growth

CRWV has been the topic of a number of analyst reports. Wolfe Research reiterated an “outperform” rating on shares of CoreWeave in a report on Monday, July 6th. Bank of America raised CoreWeave from a “neutral” rating to a “buy” rating and set a $100.00 price target for the company in a report on Tuesday, March 24th. Truist Financial upgraded CoreWeave from a “hold” rating to a “buy” rating and reduced their price objective for the company from $131.00 to $126.00 in a research report on Tuesday. DA Davidson reaffirmed a “neutral” rating and set a $100.00 price objective (down from $175.00) on shares of CoreWeave in a research note on Monday, May 18th. Finally, Wells Fargo & Company lifted their price objective on CoreWeave from $135.00 to $155.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Twenty-two investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, CoreWeave has a consensus rating of “Moderate Buy” and a consensus price target of $136.25.

CoreWeave Price Performance

The company’s 50 day simple moving average is $98.99 and its 200 day simple moving average is $95.38. 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 market capitalization of $36.99 billion, a PE ratio of -26.57 and a beta of 7.17.

CoreWeave (NASDAQ:CRWV) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($1.40) earnings per share 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 business had revenue of $2.08 billion for the quarter. During the same quarter in the previous year, the company posted ($0.60) earnings per share. The firm’s revenue for the quarter was up 111.6% on a year-over-year basis. On average, equities analysts anticipate that CoreWeave Inc. will post -4.57 earnings per share for the current year.

Insider Buying and Selling

In other news, major shareholder Magnetar Financial Llc sold 1,284,876 shares of the company’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $119.91, for a total transaction of $154,069,481.16. Following the completion of the transaction, the insider owned 264,061 shares of the company’s stock, valued at $31,663,554.51. This represents a 82.95% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Brian M. Venturo sold 375,000 shares of the stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $109.03, for a total transaction of $40,886,250.00. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 17,369,029 shares of company stock worth $2,019,468,133. 24.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On CoreWeave

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in CoreWeave by 275.6% during the fourth 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 during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of CoreWeave by 6,022.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 112,768 shares of the company’s stock worth $8,075,000 after purchasing an additional 110,926 shares during the period. Legal & General Group Plc raised its holdings in shares of CoreWeave by 8,455.6% in the 4th quarter. Legal & General Group Plc now owns 611,301 shares of the company’s stock worth $43,775,000 after purchasing an additional 604,156 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of CoreWeave by 67.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 66,947 shares of the company’s stock valued at $4,794,000 after purchasing an additional 26,907 shares in the last quarter. Finally, Broad Peak Investment Advisers Pte Ltd purchased a new stake in shares of CoreWeave during the 4th quarter worth about $15,539,000.

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.