Shares of CoreWeave Inc. (NASDAQ:CRWV – Get Free Report) traded down 7.8% during mid-day trading on Thursday. The company traded as low as $80.63 and last traded at $81.58. 41,903,214 shares changed hands during mid-day trading, an increase of 47% from the average session volume of 28,433,604 shares. The stock had previously closed at $88.45.
Key Headlines Impacting CoreWeave
Here are the key news stories impacting CoreWeave this week:
- Positive Sentiment: CoreWeave announced a partnership with AdaniConneX to develop 240 megawatts of AI data-center capacity in Navi Mumbai, marking its entry into India and expanding its global footprint. The project could provide access to a fast-growing AI market and support long-term revenue growth. CoreWeave Makes a 240 MW Bet on India’s AI Infrastructure
- Positive Sentiment: CoreWeave has reportedly raised GPU rental prices by 25% in July and an additional 10% more recently. UBS views the pricing power as evidence that demand for AI computing remains strong, potentially improving revenue and margins. CoreWeave Can Raise Prices Twice in Three Months. Can It Afford to Keep Building?
- Neutral Sentiment: Investor support remains mixed: Cathie Wood’s ARK reportedly bought CoreWeave shares, while analysts and some investors remain constructive on the long-term neocloud opportunity.
- Negative Sentiment: The OpenAI revenue shortfall versus widely circulated expectations triggered a broader retreat from AI stocks, particularly companies funding rapid capacity expansion with substantial borrowing. CoreWeave Sinks as Financed AI Buildout Names Sell Off
- Negative Sentiment: CoreWeave’s $2.6 billion AI loan reportedly includes provisions that could require early repayment if customer uptime or contract conditions are breached, highlighting elevated operational and balance-sheet risk. CoreWeave’s $2.6 Billion AI Loan Has a Hidden Risk
Analysts Set New Price Targets
A number of research firms have recently weighed in on CRWV. Raymond James Financial lowered shares of CoreWeave from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Mizuho increased their price objective on CoreWeave from $100.00 to $115.00 and gave the stock a “neutral” rating in a report on Wednesday, August 12th. TD Cowen upgraded CoreWeave to a “buy” rating in a research report on Wednesday, July 22nd. Roth Capital set a $145.00 target price on CoreWeave in a research note on Thursday, August 13th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $150.00 target price on shares of CoreWeave in a report on Friday, August 7th. Twenty-three research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $140.64.
CoreWeave Trading Down 7.8%
The company has a debt-to-equity ratio of 5.53, a current ratio of 0.46 and a quick ratio of 0.46. The stock’s 50 day moving average is $88.42 and its 200-day moving average is $94.88. The company has a market capitalization of $37.43 billion, a P/E ratio of -22.35 and a beta of 7.36.
CoreWeave (NASDAQ:CRWV – Get Free Report) last posted its earnings results on Tuesday, August 11th. The company reported ($1.14) earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter. During the same quarter last year, the company posted ($0.27) EPS. The firm’s revenue was up 112.5% on a year-over-year basis. As a group, equities research analysts anticipate that CoreWeave Inc. will post -5.19 earnings per share for the current year.
Insider Transactions at CoreWeave
In other CoreWeave news, insider Brian M. Venturo sold 65,616 shares of the firm’s stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $87.69, for a total transaction of $5,753,867.04. Following the completion of the transaction, the insider owned 302,526 shares of the company’s stock, valued at approximately $26,528,504.94. This trade represents a 17.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Michael Intrator sold 78,552 shares of the business’s stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $87.69, for a total transaction of $6,888,224.88. Following the sale, the chief executive officer owned 548,935 shares in the company, valued at approximately $48,136,110.15. This trade represents a 12.52% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 5,850,308 shares of company stock valued at $509,880,624 in the last three months. Company insiders own 24.20% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of CRWV. MassMutual Private Wealth & Trust FSB lifted its position in CoreWeave by 241.1% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 307 shares of the company’s stock valued at $27,000 after acquiring an additional 217 shares during the period. Essential Partners LLC purchased a new stake in CoreWeave in the second quarter worth about $30,000. Peterson Wealth Services grew its holdings in CoreWeave by 153.1% in the first quarter. Peterson Wealth Services now owns 405 shares of the company’s stock worth $31,000 after purchasing an additional 245 shares during the period. Cassaday & Co Wealth Management LLC bought a new position in shares of CoreWeave during the first quarter valued at approximately $31,000. Finally, Burnham & Co LLC bought a new position in shares of CoreWeave during the second quarter valued at approximately $32,000.
About CoreWeave
CoreWeave, Inc is a specialized cloud computing provider focused on infrastructure for artificial intelligence, machine learning and other data-intensive workloads. The company offers access to accelerated computing resources, including graphics processing units (GPUs), alongside central processing units, high-performance storage, networking and data center capacity.
Its platform supports AI model training, fine-tuning and inference, as well as visual effects, rendering, scientific computing and other demanding applications.
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