CoreWeave Inc. (NASDAQ:CRWV – Get Free Report)’s share price shot up 9.7% during trading on Tuesday . The company traded as high as $119.45 and last traded at $117.03. 42,357,279 shares changed hands during trading, an increase of 50% from the average session volume of 28,224,832 shares. The stock had previously closed at $106.71.
Key CoreWeave News
Here are the key news stories impacting CoreWeave this week:
- Positive Sentiment: CoreWeave was added to the Nasdaq-100, a milestone that can trigger index-fund buying and boost visibility with institutional investors. CoreWeave stock pops on Nasdaq-100 inclusion. What to know.
- Positive Sentiment: Analysts are highlighting potential upside in CoreWeave’s second-quarter backlog, with Cantor Fitzgerald pointing to bond-offering disclosures that may imply stronger-than-expected contract growth and a possible backlog beat. CoreWeave stock jumps 10% as analysts see major backlog upside
- Positive Sentiment: Cantor Fitzgerald reportedly became more bullish after reviewing a “hidden” disclosure, with Barron’s noting that some investors may be undervaluing CoreWeave’s backlog and growth profile. Why Investors Are ‘Woefully Undervaluing’ CoreWeave Stock
- Positive Sentiment: CoreWeave announced record AI training performance in MLPerf v6.0, including a fast DeepSeek-V3 training result on its NVIDIA GB300 cluster, reinforcing its technical capabilities in AI infrastructure. CoreWeave Sets New AI Training Records in MLPerf® Training v6.0, Training DeepSeek-V3 in Approximately Two Minutes
- Neutral Sentiment: Investors are also weighing broader optimism around CoreWeave’s AI product rollout and its role in the neo-cloud boom, though these developments are more supportive of the long-term story than a direct near-term driver. CoreWeave’s (CRWV) New Agentic AI Features Make It A Top Stock To benefit From The Neo Cloud Boom
- Negative Sentiment: Offsetting the optimism, a report said CoreWeave CFO Nitin Agrawal sold nearly $6 million of stock, which may concern investors watching insider selling and the company’s already leverage-heavy balance sheet. Insider Alert: CoreWeave CFO Dumps Nearly $6 Million in Stock
- Negative Sentiment: Bearish commentary continues to focus on CoreWeave’s rising liabilities and debt burden, which could temper enthusiasm despite the recent rally. CoreWeave: The Liabilities Keep On Piling Up
Wall Street Analyst Weigh In
A number of research firms have commented on CRWV. Oppenheimer raised their price objective on CoreWeave from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Citigroup raised their price objective on CoreWeave from $155.00 to $158.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Weiss Ratings restated a “sell (e+)” rating on shares of CoreWeave in a research note on Monday, May 4th. DA Davidson reiterated a “neutral” rating and issued a $100.00 price target (down from $175.00) on shares of CoreWeave in a research note on Monday, May 18th. Finally, Wolfe Research assumed coverage on CoreWeave in a research note on Thursday, April 16th. They issued an “outperform” rating and a $150.00 price target on the stock. Twenty equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $131.52.
CoreWeave Stock Performance
The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market cap of $52.38 billion, a price-to-earnings ratio of -37.63 and a beta of 7.18. The company has a fifty day moving average of $108.34 and a two-hundred day moving average of $92.79.
CoreWeave (NASDAQ:CRWV – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported ($1.40) earnings per share for the quarter, missing the consensus estimate of ($1.17) by ($0.23). The firm had revenue of $2.08 billion for the quarter. CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. The firm’s quarterly revenue was up 111.6% compared to the same quarter last year. During the same quarter last year, the business posted ($0.60) earnings per share. Equities research analysts anticipate that CoreWeave Inc. will post -4.57 EPS 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 dated Thursday, April 16th. The stock was sold at an average price of $118.30, for a total transaction of $166,172,106.10. Following the transaction, the insider directly owned 282,570 shares of the company’s stock, valued at approximately $33,428,031. The trade was a 83.25% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jack D. Cogen sold 986,540 shares of CoreWeave stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $107.80, for a total value of $106,349,012.00. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 27,654,403 shares of company stock valued at $3,121,873,121.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Cornerstone Planning Group LLC boosted its stake in shares of CoreWeave by 272.8% in the 4th quarter. Cornerstone Planning Group LLC now owns 343 shares of the company’s stock worth $25,000 after buying an additional 251 shares during the last quarter. KERR FINANCIAL PLANNING Corp purchased a new position in shares of CoreWeave in the 3rd quarter worth approximately $27,000. Cullen Frost Bankers Inc. boosted its stake in shares of CoreWeave by 45.8% in the 4th quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock worth $28,000 after buying an additional 121 shares during the last quarter. Greenline Wealth Management LLC purchased a new position in shares of CoreWeave in the 4th quarter worth approximately $28,000. Finally, Rothschild Investment LLC boosted its stake in shares of CoreWeave by 10,700.0% in the 3rd quarter. Rothschild Investment LLC now owns 216 shares of the company’s stock worth $30,000 after buying an additional 214 shares during 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.
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