CoreWeave (NASDAQ:CRWV) Stock Price Up 1.3% – Here’s What Happened

CoreWeave Inc. (NASDAQ:CRWV) rose 1.3% during trading on Tuesday . The stock traded as high as $92.12 and last traded at $90.06. Approximately 24,162,672 shares changed hands during mid-day trading, a decline of 17% from the average daily volume of 29,247,664 shares. The stock had previously closed at $88.94.

Trending Headlines about CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Nvidia strategic/financial support — Nvidia’s follow-on investment (reported as a ~$2 billion equity commitment at ~$87.20/share) reframes CoreWeave as a preferred AI infrastructure partner and provides both capital and credibility that investors view as a major growth catalyst. Read More.
• Positive Sentiment: Institutional buying — Reports that Cathie Wood/ARK purchased sizable CRWV positions signal demand from a high-profile AI-focused investor, which can support near-term price momentum and attract other momentum managers. Read More.
• Neutral Sentiment: Short-interest data appears anomalous — February short-interest entries show 0 shares/NaN changes and a 0.0 days-to-cover figure, indicating a likely reporting glitch rather than a real shift in short positioning; treat these numbers cautiously.
• Negative Sentiment: Multiple class-action suits and investigations — Several law firms have filed claims or are soliciting lead-plaintiff applicants alleging securities fraud related to alleged infrastructure delays and disclosure issues; a March 13 deadline to seek lead-plaintiff status concentrates legal attention and creates an ongoing overhang on the stock. Read More.
• Negative Sentiment: Insider selling pressure — Coverage highlights insider sales by founders and executives into recent rallies, which can sap investor confidence and act as a near-term cap on upside until insider activity stabilizes. Read More.

Analyst Upgrades and Downgrades

CRWV has been the subject of a number of research analyst reports. Loop Capital cut their target price on shares of CoreWeave from $165.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, November 12th. Citigroup reaffirmed a “buy” rating and set a $135.00 price target (down previously from $192.00) on shares of CoreWeave in a research report on Friday, December 19th. Barclays decreased their price target on shares of CoreWeave from $120.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Monday, January 12th. Stifel Nicolaus set a $120.00 target price on CoreWeave in a research report on Tuesday, November 11th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of CoreWeave in a research note on Monday, December 29th. Eighteen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $127.27.

CoreWeave Price Performance

The stock has a market cap of $34.80 billion and a PE ratio of -62.11. The firm’s fifty day moving average price is $83.63 and its 200 day moving average price is $103.11. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 2.66.

CoreWeave (NASDAQ:CRWV) last announced its quarterly earnings results on Monday, November 10th. The company reported ($0.22) EPS for the quarter, topping the consensus estimate of ($0.36) by $0.14. The company had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the previous year, the firm earned ($1.82) EPS. The firm’s revenue for the quarter was up 133.7% compared to the same quarter last year.

Insider Activity

In related news, CEO Michael N. Intrator sold 111,427 shares of the business’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $72.39, for a total value of $8,066,200.53. Following the sale, the chief executive officer owned 5,922,620 shares in the company, valued at approximately $428,738,461.80. The trade was a 1.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Brian M. Venturo sold 281,250 shares of the business’s stock in a transaction dated Wednesday, November 26th. The stock was sold at an average price of $74.44, for a total transaction of $20,936,250.00. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 4,148,628 shares of company stock worth $345,849,709.

Institutional Investors Weigh In On CoreWeave

Several institutional investors have recently modified their holdings of the stock. Cornerstone Planning Group LLC boosted its holdings 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 purchasing an additional 251 shares during the period. Family Legacy Financial Solutions LLC lifted its position in CoreWeave by 166.7% in the third quarter. Family Legacy Financial Solutions LLC now owns 200 shares of the company’s stock worth $27,000 after buying an additional 125 shares during the last quarter. HighMark Wealth Management LLC purchased a new position in CoreWeave during the third quarter worth $27,000. OLD Second National Bank of Aurora purchased a new position in CoreWeave during the third quarter worth $27,000. Finally, KERR FINANCIAL PLANNING Corp bought a new position in CoreWeave during the third quarter valued at $27,000.

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.