CoreWeave (NASDAQ:CRWV) Stock Price Up 2.4% – Should You Buy?

CoreWeave Inc. (NASDAQ:CRWV) traded up 2.4% during mid-day trading on Thursday . The stock traded as high as $119.89 and last traded at $117.95. 65,125,240 shares traded hands during trading, an increase of 129% from the average daily volume of 28,471,930 shares. The stock had previously closed at $115.21.

Key Headlines Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Jim Cramer said CoreWeave’s contracted backlog may be larger than Wall Street currently expects, which supports the bullish view that demand for the company’s AI cloud capacity is still accelerating. Article link
• Positive Sentiment: CoreWeave’s new MLPerf Training v6.0 records, including a very fast DeepSeek-V3 training result, reinforce its reputation as a top-tier AI compute platform and may help attract more customers. Article link
• Positive Sentiment: Coverage around CoreWeave’s added AI backlog and its pending Nasdaq-100 inclusion is fueling momentum, since index-related buying can create extra demand for the shares. Article link
• Neutral Sentiment: Several insiders, including the CFO, CEO, and EVP, disclosed large stock sales, but the trades were made under pre-arranged 10b5-1 plans, so investors may view them as less concerning than discretionary selling. SEC filing link
• Neutral Sentiment: Analysts continue to highlight CoreWeave’s heavy 2026 capex plans and leveraged balance sheet as execution risks, even though those investments are tied to rapid AI demand growth. Article link
• Negative Sentiment: Broader caution about an AI capex bubble and valuation risk could weigh on sentiment if investors become more risk-averse toward high-growth infrastructure names like CRWV. Article link

Analyst Ratings Changes

CRWV has been the topic of several recent analyst reports. DA Davidson reiterated a “neutral” rating and issued a $100.00 target price (down from $175.00) on shares of CoreWeave in a report on Monday, May 18th. BNP Paribas Exane started coverage on shares of CoreWeave in a report on Tuesday, June 2nd. They set an “outperform” rating and a $192.00 price target for the company. Truist Financial lifted their price objective on CoreWeave from $85.00 to $131.00 and gave the stock a “hold” rating in a research note on Friday, May 8th. Citizens Jmp reiterated a “market outperform” rating and issued a $180.00 price objective on shares of CoreWeave in a research note on Friday, February 27th. Finally, Evercore reissued an “outperform” rating and set a $150.00 price objective on shares of CoreWeave in a research report on Wednesday, April 15th. Twenty 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. Based on data from MarketBeat, CoreWeave has an average rating of “Moderate Buy” and a consensus target price of $131.52.

CoreWeave Price Performance

The firm has a market cap of $52.79 billion, a P/E ratio of -37.93 and a beta of 7.14. The stock’s 50-day moving average is $110.95 and its 200-day moving average is $93.87. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 3.68.

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). The company had revenue of $2.08 billion during the quarter. CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. CoreWeave’s revenue for the quarter was up 111.6% on a year-over-year basis. During the same period in the previous year, the business posted ($0.60) earnings per share. As a group, equities analysts anticipate that CoreWeave Inc. will post -4.57 EPS for the current fiscal year.

Insider Activity

In related news, Director Jack D. Cogen sold 986,540 shares of the stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $107.80, for a total value of $106,349,012.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brian M. Venturo sold 1,125,000 shares of CoreWeave stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $80.86, for a total value of $90,967,500.00. Following the sale, the insider directly owned 285,327 shares in the company, 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 90 days, insiders sold 28,071,739 shares of company stock valued at $3,177,590,944.

Institutional Trading of CoreWeave

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in CoreWeave by 275.6% in the fourth quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company’s stock worth $1,999,421,000 after purchasing an additional 20,487,478 shares during the period. Proficio Capital Partners LLC boosted its stake in CoreWeave by 446,194.0% during the third quarter. Proficio Capital Partners LLC now owns 17,851,760 shares of the company’s stock worth $2,443,013,000 after buying an additional 17,847,760 shares in the last quarter. Bank of America Corp DE increased its holdings in CoreWeave by 13.1% in the 1st quarter. Bank of America Corp DE now owns 5,652,129 shares of the company’s stock valued at $437,870,000 after buying an additional 653,398 shares during the period. Clear Street Group Inc. increased its holdings in CoreWeave by 57.2% in the 4th quarter. Clear Street Group Inc. now owns 4,653,815 shares of the company’s stock valued at $333,260,000 after buying an additional 1,692,916 shares during the period. Finally, Alyeska Investment Group L.P. raised its stake in shares of CoreWeave by 300.0% in the 4th quarter. Alyeska Investment Group L.P. now owns 4,000,000 shares of the company’s stock valued at $286,440,000 after buying an additional 3,000,000 shares in the last quarter.

About CoreWeave

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.