CoreWeave Inc. (NASDAQ:CRWV – Get Free Report) fell 4.9% during trading on Wednesday . The stock traded as low as $94.61 and last traded at $94.94. Approximately 20,872,746 shares changed hands during mid-day trading, a decline of 26% from the average session volume of 28,221,322 shares. The stock had previously closed at $99.83.
Key Stories Impacting CoreWeave
Here are the key news stories impacting CoreWeave this week:
- Positive Sentiment: CoreWeave CEO Michael Intrator said demand for Nvidia chips remains so strong that the company is struggling to keep up. He also described the economics of AI infrastructure deals as “excellent,” saying customer pricing is rising faster than input costs—comments that support the outlook for revenue growth and margins. CoreWeave struggling to keep up with demand for Nvidia chips, CEO says CoreWeave CEO says deal economics are excellent
- Positive Sentiment: Parallel Works and CoreWeave announced a fully managed AI cloud environment to support DARPA biological research. The agreement adds a government-research use case and could strengthen CoreWeave’s customer diversification and credibility. Parallel Works and CoreWeave to Accelerate DARPA Biological Research
- Positive Sentiment: OpenAI’s projected $750 billion compute spending through 2030, combined with its reported capacity shortage, reinforces the long-term demand backdrop for specialized cloud providers. CoreWeave’s existing multibillion-dollar OpenAI contract remains a key bullish catalyst. OpenAI to Spend $750 Billion on Compute by 2030
- Positive Sentiment: Analysts maintain a consensus “Moderate Buy” view, while elevated call-option activity and prior enthusiasm surrounding OpenAI’s Astra model indicate continued speculative interest in CRWV. CoreWeave Given Consensus Recommendation of Moderate Buy
- Neutral Sentiment: Intrator said the AI industry needs to communicate more effectively with communities concerned about data centers. The comments address a potential permitting and public-relations risk but do not change current financial results. CoreWeave CEO discusses public AI pushback
- Negative Sentiment: Bearish analysis is focusing on whether CoreWeave’s cash flow is being supported by customer prepayments and whether its heavy debt burden can be sustained as it funds rapid capacity expansion. High short interest reflects these concerns. CoreWeave cash flow concerns Short sellers are betting against AI infrastructure stocks
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on CRWV shares. BTIG Research began coverage on shares of CoreWeave in a research report on Wednesday, July 22nd. They issued a “buy” rating on the stock. Truist Financial raised their price target on shares of CoreWeave from $155.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, August 24th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $150.00 price objective on shares of CoreWeave in a research note on Friday, August 7th. Roth Capital set a $145.00 target price on CoreWeave in a report on Thursday, August 13th. Finally, BNP Paribas Exane started coverage on CoreWeave in a research report on Tuesday, June 2nd. They issued an “outperform” rating and a $192.00 target price on the stock. Twenty-one research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, CoreWeave has a consensus rating of “Moderate Buy” and an average price target of $141.90.
CoreWeave Price Performance
The firm has a market capitalization of $43.57 billion, a PE ratio of -26.01 and a beta of 7.45. The stock’s 50 day simple moving average is $85.21 and its two-hundred day simple moving average is $94.40. The company has a debt-to-equity ratio of 5.53, a quick ratio of 0.46 and a current ratio of 0.46.
CoreWeave (NASDAQ:CRWV – Get Free Report) last posted its quarterly earnings results on Tuesday, August 11th. The company reported ($1.14) EPS for the quarter, beating the consensus estimate of ($1.52) by $0.38. CoreWeave had a negative return on equity of 47.95% and a negative net margin of 25.41%.The firm had revenue of $2.58 billion during the quarter. During the same period in the prior year, the business posted ($0.27) EPS. CoreWeave’s revenue for the quarter was up 112.5% compared to the same quarter last year. On average, sell-side analysts forecast that CoreWeave Inc. will post -5.19 EPS for the current year.
Insider Buying and Selling
In other news, CFO Nitin Agrawal sold 5,509 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $88.64, for a total transaction of $488,317.76. Following the completion of the sale, the chief financial officer owned 132,596 shares in the company, valued at $11,753,309.44. This trade represents a 3.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kristen Mcveety sold 156,000 shares of CoreWeave stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $81.63, for a total value of $12,734,280.00. Following the completion of the sale, the insider owned 123,313 shares in the company, valued at $10,066,040.19. This represents a 55.85% decrease in their position. 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. Insiders sold 6,975,543 shares of company stock valued at $642,315,593 over the last 90 days. Insiders own 24.20% of the company’s stock.
Hedge Funds Weigh In On CoreWeave
Large investors have recently made changes to their positions in the stock. Cullen Frost Bankers Inc. boosted its position in shares of 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 purchased a new stake in shares of CoreWeave during the fourth quarter worth $28,000. Essential Partners LLC acquired a new stake in shares of CoreWeave in the second quarter valued at $30,000. Peterson Wealth Services raised its stake in shares of CoreWeave by 153.1% in the first quarter. Peterson Wealth Services now owns 405 shares of the company’s stock valued at $31,000 after acquiring an additional 245 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC purchased a new position in CoreWeave in the first quarter valued at $31,000.
CoreWeave Company Profile
CoreWeave, Inc is a specialized cloud computing provider focused on infrastructure for artificial intelligence, machine learning, high-performance computing and other data-intensive workloads. The company provides access to accelerated computing resources, particularly graphics processing units (GPUs), through a cloud platform designed for large-scale training, inference, rendering and scientific computing.
Its offerings include on-demand and reserved GPU instances, cloud storage, high-speed networking, Kubernetes-based container orchestration and managed services for deploying and scaling workloads.
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