CoreWeave Inc. (NASDAQ:CRWV – Get Free Report)’s share price traded down 3.8% during trading on Tuesday . The stock traded as low as $93.60 and last traded at $98.45. 26,329,142 shares traded hands during trading, a decline of 7% from the average session volume of 28,260,172 shares. The stock had previously closed at $102.37.
Key Stories Impacting CoreWeave
Here are the key news stories impacting CoreWeave this week:
- Positive Sentiment: CoreWeave secured a major growth signal with a reported $6 billion AI cloud agreement with Jane Street, including a $1 billion equity investment, which supports its long-term demand story and validates its AI infrastructure platform. CoreWeave Jane Street AI Cloud Pact Reframes Growth And Valuation Story
- Positive Sentiment: Analyst sentiment remains favorable overall, with 62% of 39 analysts rating CRWV a Buy and an average price target around $140, implying notable upside from recent levels. Why CoreWeave (CRWV) is a Strategically Important firm in AI Infrastructure?
- Positive Sentiment: Several recent commentary pieces highlighted CoreWeave as a long-term AI winner, citing its large backlog, NVIDIA relationship, and expected growth as new data centers come online. 3 High-Growth Artificial Intelligence (AI) Stocks to Buy With $5,000 Right Now
- Neutral Sentiment: CoreWeave is exploring the European bond market and other financing options, which could help fund expansion but may also increase leverage and raise investor caution. CoreWeave Explores European Bond Market as AI Infrastructure Funding Accelerates (CRWV)
- Neutral Sentiment: Market chatter also focused on the stock’s volatility and valuation debate, with some coverage calling it a hold near $100 as investors wait for clearer evidence of execution. Buy, Sell, or Hold: CoreWeave at $100
- Negative Sentiment: Investor concern is also being weighed by reports that CoreWeave founders have sold about $2.3 billion in planned stock sales since the IPO, which can pressure sentiment around insider alignment. CoreWeave founders sold $2.3B in planned stock sales since IPO: report
- Negative Sentiment: A separate article noted the stock has fallen sharply over the past year, underscoring ongoing skepticism about profitability and the pace at which growth will translate into shareholder returns. CoreWeave Stock Tumbles 34% in a Year: What Should Investors Do Now?
Wall Street Analysts Forecast Growth
CRWV has been the subject of several research reports. Needham & Company LLC restated a “hold” rating on shares of CoreWeave in a report on Friday, February 27th. Roth Mkm reiterated a “buy” rating and issued a $150.00 target price on shares of CoreWeave in a research note on Friday, May 8th. Weiss Ratings reiterated a “sell (e+)” rating on shares of CoreWeave in a research note on Monday, May 4th. Evercore reissued an “outperform” rating and set a $150.00 target price on shares of CoreWeave in a research report on Wednesday, April 15th. Finally, HC Wainwright reissued a “buy” rating and set a $180.00 target price on shares of CoreWeave in a research report on Monday, March 2nd. Twenty 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. Based on data from MarketBeat, CoreWeave has an average rating of “Moderate Buy” and an average target price of $131.52.
CoreWeave Price Performance
The stock’s 50-day moving average is $106.04 and its 200-day moving average is $91.83. The firm has a market cap of $44.06 billion, a P/E ratio of -31.66 and a beta of 7.18. 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 – Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported ($1.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.17) by ($0.23). CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.The company had revenue of $2.08 billion for the quarter. During the same quarter in the prior year, the business earned ($0.60) earnings per share. The company’s revenue for the quarter was up 111.6% compared to the same quarter last year. As a group, equities analysts anticipate that CoreWeave Inc. will post -4.57 EPS for the current fiscal year.
Insider Buying and Selling
In related news, major shareholder Magnetar Financial Llc sold 1,404,667 shares of the business’s 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 transaction, the insider owned 282,570 shares of the company’s stock, valued at approximately $33,428,031. The trade was a 83.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jack D. Cogen sold 986,540 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $107.80, for a total transaction of $106,349,012.00. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 27,306,629 shares of company stock valued at $3,081,590,041.
Institutional Investors Weigh In On CoreWeave
Institutional investors and hedge funds have recently bought and sold shares of the business. Parallel Advisors LLC boosted its stake in shares of CoreWeave by 4.0% in the 1st 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 boosted its stake in shares of CoreWeave by 2.9% in the 1st 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 boosted its stake in shares of CoreWeave by 2.1% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 5,020 shares of the company’s stock valued at $389,000 after purchasing an additional 104 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its stake in shares of CoreWeave by 34.7% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 462 shares of the company’s stock valued at $33,000 after purchasing an additional 119 shares in the last quarter. Finally, 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 valued at $28,000 after purchasing 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.
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