CoreWeave Inc. (NASDAQ:CRWV – Get Free Report) shares were up 7.2% during trading on Tuesday . The company traded as high as $94.30 and last traded at $91.90. 33,129,502 shares traded hands during trading, an increase of 16% from the average session volume of 28,442,568 shares. The stock had previously closed at $85.76.
Key Stories Impacting CoreWeave
Here are the key news stories impacting CoreWeave this week:
- Positive Sentiment: Indonesia expansion adds major Asia-Pacific growth opportunity. CoreWeave announced three Indonesian data centers totaling 360 megawatts of contracted IT power, expected to come online in 2028. The facilities will mark the company’s first data-center presence in Asia-Pacific and could help it serve regional AI customers requiring low-latency computing and local data storage. CoreWeave expands into Indonesia, announces first data center in Asia-Pacific
- Positive Sentiment: Bullish analyst initiation strengthened sentiment. Piper Sandler began coverage with an Overweight rating and a $151 price target, implying substantial upside from recent trading levels. The firm’s view reinforces optimism that CoreWeave’s scale, contracted revenue and AI infrastructure demand can support continued long-term growth. CoreWeave initiated with Overweight
- Positive Sentiment: Trading activity indicated strong speculative interest. Call-option volume was above its typical level, while reports that Cathie Wood’s firm purchased CoreWeave shares added to the stock’s momentum. A positive view of CoreWeave’s related cloud-storage deal with Backblaze also supported broader confidence in its ecosystem. Backblaze quarter and CoreWeave deal
- Neutral Sentiment: Upcoming earnings remain the next major catalyst. Preview reports expect second-quarter earnings to decline, and CoreWeave’s prior quarter missed the consensus EPS estimate despite revenue more than doubling year over year. Strong guidance could validate the expansion story, but an earnings or outlook disappointment could quickly reverse the recent gains. CoreWeave Q2 earnings preview
- Negative Sentiment: Financial risk and volatility remain elevated. CoreWeave has substantial leverage, a weak current ratio, negative margins and a high implied earnings move. Its capital-intensive expansion could pressure cash flow and increase execution risk, even as the company builds a larger contracted infrastructure base.
Wall Street Analysts Forecast Growth
CRWV has been the subject of a number of research analyst reports. Citigroup cut CoreWeave from a “buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Raymond James Financial lowered CoreWeave from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. BNP Paribas Exane initiated coverage on CoreWeave in a research note on Tuesday, June 2nd. They issued an “outperform” rating and a $192.00 price objective for the company. Jefferies Financial Group downgraded CoreWeave from a “buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Finally, Barclays cut their target price on shares of CoreWeave from $120.00 to $90.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, fourteen have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, CoreWeave presently has an average rating of “Moderate Buy” and an average target price of $136.70.
CoreWeave Trading Up 7.2%
The company has a fifty day moving average of $93.18 and a two-hundred day moving average of $95.02. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 3.68. The stock has a market capitalization of $41.13 billion, a price-to-earnings ratio of -29.55 and a beta of 7.45.
CoreWeave (NASDAQ:CRWV – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($1.40) EPS for the quarter, missing analysts’ consensus estimates of ($1.17) by ($0.23). The firm had revenue of $2.08 billion for the quarter. CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.The business’s revenue was up 111.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.60) EPS. On average, research analysts expect that CoreWeave Inc. will post -5.15 EPS for the current year.
Insider Buying and Selling at CoreWeave
In other CoreWeave news, insider Jeff Baker sold 6,455 shares of the business’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $66.51, for a total transaction of $429,322.05. Following the transaction, the insider owned 7,167 shares in the company, valued at approximately $476,677.17. The trade was a 47.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Brannin Mcbee sold 13,000 shares of the firm’s stock in a transaction that occurred on Monday, July 27th. The shares were sold at an average price of $71.04, for a total value of $923,520.00. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 11,981,228 shares of company stock valued at $1,305,240,941. 24.20% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On CoreWeave
Institutional investors and hedge funds have recently made changes to their positions in the stock. Pin Oak Investment Advisors Inc. purchased a new position in shares of CoreWeave in the 3rd quarter valued at about $34,000. Cornerstone Planning Group LLC boosted its holdings in CoreWeave by 272.8% during the fourth quarter. Cornerstone Planning Group LLC now owns 343 shares of the company’s stock worth $25,000 after buying an additional 251 shares in the last quarter. Cullen Frost Bankers Inc. grew its position in CoreWeave by 45.8% during the fourth 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 period. Greenline Wealth Management LLC acquired a new position in CoreWeave during the fourth quarter worth about $28,000. Finally, Cassaday & Co Wealth Management LLC purchased a new position in CoreWeave in the first quarter valued at about $31,000.
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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