CoreWeave (NASDAQ:CRWV) Shares Up 2.5% – What’s Next?

Shares of CoreWeave Inc. (NASDAQ:CRWVGet Free Report) traded up 2.5% on Thursday . The stock traded as high as $110.33 and last traded at $106.86. 23,126,785 shares traded hands during trading, a decline of 17% from the average session volume of 27,960,449 shares. The stock had previously closed at $104.27.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

Wall Street Analyst Weigh In

Several research analysts have commented on CRWV shares. Jefferies Financial Group raised their target price on CoreWeave from $120.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Wells Fargo & Company raised their target price on CoreWeave from $135.00 to $155.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Cantor Fitzgerald raised their target price on CoreWeave from $156.00 to $167.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. Wolfe Research started coverage on CoreWeave in a research note on Thursday, April 16th. They issued an “outperform” rating and a $150.00 target price for the company. Finally, Sanford C. Bernstein raised their target price on CoreWeave from $56.00 to $67.00 and gave the stock an “underperform” rating in a research note on Tuesday, April 14th. Nineteen investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $129.63.

Read Our Latest Report on CRWV

CoreWeave Trading Up 2.5%

The firm has a fifty day simple moving average of $101.60 and a two-hundred day simple moving average of $90.47. The stock has a market cap of $47.83 billion, a PE ratio of -34.36 and a beta of 7.84. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 3.68.

CoreWeave (NASDAQ:CRWVGet Free Report) last announced its quarterly earnings data on Thursday, February 26th. The company reported ($0.89) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.28). The firm had revenue of $1.57 billion for the quarter. CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. The business’s revenue was up 110.4% compared to the same quarter last year. As a group, equities analysts expect that CoreWeave Inc. will post -4.58 earnings per share for the current fiscal year.

Insider Transactions at CoreWeave

In other CoreWeave news, major shareholder Magnetar Financial Llc sold 1,404,667 shares of CoreWeave stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $118.30, for a total value of $166,172,106.10. Following 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian M. Venturo sold 1,125,000 shares of CoreWeave stock in a transaction that occurred on 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 completion of the transaction, the insider directly owned 285,327 shares in the company, valued at $23,071,541.22. This trade represents a 79.77% decrease in their ownership of the stock. 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 three months, insiders have sold 25,131,946 shares of company stock worth $2,816,089,734.

Hedge Funds Weigh In On CoreWeave

Large investors have recently bought and sold shares of the stock. Cornerstone Planning Group LLC increased its stake in 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. KERR FINANCIAL PLANNING Corp purchased a new position in CoreWeave in the 3rd quarter worth approximately $27,000. Aspect Partners LLC purchased a new position in CoreWeave in the 3rd quarter worth approximately $28,000. Cullen Frost Bankers Inc. increased its stake in 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 purchasing an additional 121 shares during the period. Finally, Greenline Wealth Management LLC purchased a new position in CoreWeave in the 4th quarter worth approximately $28,000.

CoreWeave Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for CoreWeave Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoreWeave and related companies with MarketBeat.com's FREE daily email newsletter.