CoreWeave (NASDAQ:CRWV) Shares Gap Up – Here’s Why

CoreWeave Inc. (NASDAQ:CRWV)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $101.28, but opened at $106.56. CoreWeave shares last traded at $105.3180, with a volume of 7,839,287 shares.

More CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave announced that CFO Nitin Agrawal will present at the Jefferies Software, Internet, and AI Conference on May 27, which keeps the company visible to investors and may reinforce the bullish AI growth narrative. CoreWeave to Participate in the Jefferies Software, Internet, and AI Conference
• Positive Sentiment: New coverage highlighted CoreWeave’s partnership with Pulumi, which ties its GPU cloud more tightly into AI developer workflows and could make the platform stickier for enterprise customers. CoreWeave Pulumi Deal Ties GPU Cloud To AI Developer Workflows
• Positive Sentiment: Several bullish articles continue to frame CoreWeave as a major beneficiary of AI infrastructure spending, citing strong revenue growth, a large backlog, and a new expanded AI infrastructure agreement with Meta. CoreWeave Scores Big With Meta — We See 66% Upside
• Neutral Sentiment: Market commentary comparing CoreWeave with Oracle and other AI infrastructure names may keep the stock in focus, but it does not add a clear new catalyst by itself. CoreWeave vs. Oracle: Which AI Infrastructure Stock is the Better Pick?
• Negative Sentiment: Insider selling remains a headwind, with CEO Michael Intrator and insider Brian Venturo both selling shares this week, which can weigh on investor confidence despite the trades being under pre-arranged 10b5-1 plans. CoreWeave insider trading filing
• Negative Sentiment: Recent analyst and media commentary has also been cautious, pointing to CoreWeave’s leverage, losses, and valuation risk, which helps explain why the stock has faced selling pressure despite strong AI demand. As AI infrastructure heats up, stay on the sidelines with CoreWeave stock

Wall Street Analyst Weigh In

CRWV has been the topic of several research analyst reports. Sanford C. Bernstein raised their target price on shares of CoreWeave from $56.00 to $67.00 and gave the stock an “underperform” rating in a report on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $135.00 target price on shares of CoreWeave in a report on Friday, May 8th. Roth Mkm restated a “buy” rating and set a $150.00 target price on shares of CoreWeave in a report on Friday, May 8th. Barclays raised their target price on shares of CoreWeave from $106.00 to $120.00 and gave the stock an “equal weight” rating in a report on Monday, May 11th. Finally, Mizuho raised their target price on shares of CoreWeave from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Nineteen equities 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 company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $129.63.

CoreWeave Stock Performance

The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 3.68. The stock’s fifty day moving average is $100.22 and its two-hundred day moving average is $90.88. The firm has a market capitalization of $47.21 billion, a price-to-earnings ratio of -33.92 and a beta of 7.84.

CoreWeave (NASDAQ:CRWV) last released its quarterly earnings data on Thursday, February 26th. The company reported ($0.89) EPS for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.28). CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.The company had revenue of $1.57 billion for the quarter. CoreWeave’s revenue was up 110.4% compared to the same quarter last year. On average, analysts predict that CoreWeave Inc. will post -4.58 earnings per share for the current year.

Insiders Place Their Bets

In other CoreWeave news, major shareholder Magnetar Financial Llc sold 1,404,667 shares of CoreWeave stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $118.30, for a total transaction of $166,172,106.10. Following the completion of the transaction, the insider directly owned 282,570 shares of the company’s stock, valued at $33,428,031. The trade was a 83.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Brian M. Venturo sold 1,125,000 shares of CoreWeave stock in a transaction on Monday, April 6th. The stock was sold at an average price of $80.86, for a total transaction of $90,967,500.00. Following the transaction, the insider directly owned 285,327 shares of the company’s stock, valued at approximately $23,071,541.22. This trade represents a 79.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 25,217,073 shares of company stock valued at $2,824,592,756.

Institutional Investors Weigh In On CoreWeave

A number of institutional investors have recently modified their holdings of CRWV. Parallel Advisors LLC raised its stake in CoreWeave by 4.0% in the first quarter. Parallel Advisors LLC now owns 2,340 shares of the company’s stock valued at $181,000 after purchasing an additional 91 shares in the last quarter. Pathway Wealth Management LLC raised its stake in CoreWeave by 2.9% in the first quarter. Pathway Wealth Management LLC now owns 3,593 shares of the company’s stock valued at $278,000 after purchasing an additional 100 shares in the last quarter. Azzad Asset Management Inc. ADV raised its stake in CoreWeave by 2.1% during the first quarter. Azzad Asset Management Inc. ADV now owns 5,020 shares of the company’s stock worth $389,000 after acquiring an additional 104 shares in the last quarter. Hazlett Burt & Watson Inc. raised its stake in CoreWeave by 34.7% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 462 shares of the company’s stock worth $33,000 after acquiring an additional 119 shares in the last quarter. Finally, Chilton Capital Management LLC raised its stake in CoreWeave by 50.2% during the third quarter. Chilton Capital Management LLC now owns 362 shares of the company’s stock worth $50,000 after acquiring an additional 121 shares in the last quarter.

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.