CoreWeave Inc. (NASDAQ:CRWV – Get Free Report) CRO Jonathan Jones sold 15,811 shares of the stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $80.36, for a total transaction of $1,270,571.96. Following the completion of the transaction, the executive owned 26,961 shares of the company’s stock, valued at $2,166,585.96. This trade represents a 36.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Jonathan Jones also recently made the following trade(s):
- On Tuesday, October 13th, Jonathan Jones sold 21,569 shares of CoreWeave stock. The shares were sold at an average price of $77.42, for a total transaction of $1,669,871.98.
CoreWeave Trading Up 5.9%
Shares of NASDAQ:CRWV opened at $69.69 on Friday. CoreWeave Inc. has a 12 month low of $59.51 and a 12 month high of $150.40. The stock’s 50 day moving average price is $87.59 and its 200 day moving average price is $94.65. The company has a debt-to-equity ratio of 5.53, a current ratio of 0.46 and a quick ratio of 0.46.
CoreWeave (NASDAQ:CRWV – Get Free Report) last released 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. The firm had revenue of $2.58 billion during the quarter. CoreWeave had a negative return on equity of 47.95% and a negative net margin of 25.41%. The business’s revenue for the quarter was up 112.5% on a year-over-year basis. During the same quarter last year, the company earned ($0.27) earnings per share. As a group, equities research analysts anticipate that CoreWeave Inc. will post -5.19 EPS for the current fiscal year.
CoreWeave News Roundup
Here are the key news stories impacting CoreWeave this week:
- Positive Sentiment: Bank of America maintained a Buy rating and a $140 price target, arguing that CoreWeave’s ability to bring computing capacity online at scale remains a competitive advantage. Deutsche Bank also retained its Buy rating, while bullish analysts contend that the recent selloff is excessive and that upcoming hyperscaler results could reaffirm AI infrastructure spending. CoreWeave wins Bank of America’s backing as revenue growth forecasts rise
- Positive Sentiment: CoreWeave’s reported backlog of approximately $104 billion suggests substantial future demand, although converting those commitments into revenue depends on securing financing and completing data-center capacity. Cathie Wood’s ARK Invest also purchased 188,665 shares, providing a modest vote of confidence. CoreWeave CEO notes strong backlog in memo to reassure staff over market scrutiny
- Neutral Sentiment: CoreWeave’s AI customer contracts and lender relationships are receiving increased scrutiny as the company finances an aggressive infrastructure build-out. Strong contracts may support revenue visibility, but their value depends on continued customer demand and CoreWeave’s ability to fund delivery. CoreWeave’s AI contracts and the lenders financing its build-out
- Negative Sentiment: Credit stress has intensified: yields on CoreWeave’s bonds exceeded 15%, while credit-default swap pricing reportedly implies a greater-than-50% chance of default within five years. Investors are demanding more protection even as the company generated negative free cash flow of $5.7 billion in the latest quarter, raising concerns about refinancing and dilution. CoreWeave credit default swaps hit distress levels as investors sour on AI debt
- Negative Sentiment: Gartner’s warning that up to 80% of neocloud providers may not survive independently by 2030 has amplified doubts about CoreWeave’s business model. Analysts have also warned that a slowdown in AI spending could severely impair the equity, while declining AI-compute pricing could pressure margins. AI Cloud Stocks Sink as Gartner Warns Most Neoclouds Won’t Survive Independently
Hedge Funds Weigh In On CoreWeave
A number of hedge funds and other institutional investors have recently modified their holdings of CRWV. Parallel Advisors LLC increased its stake in CoreWeave by 4.0% in the 1st quarter. Parallel Advisors LLC now owns 2,340 shares of the company’s stock worth $181,000 after purchasing an additional 91 shares in the last quarter. Pathway Wealth Management LLC raised its holdings in CoreWeave by 2.9% during the 1st quarter. Pathway Wealth Management LLC now owns 3,593 shares of the company’s stock worth $278,000 after buying an additional 100 shares during the period. Azzad Asset Management Inc. ADV raised its holdings in CoreWeave by 2.1% during the 1st quarter. Azzad Asset Management Inc. ADV now owns 5,020 shares of the company’s stock worth $389,000 after buying an additional 104 shares during the period. WPG Advisers LLC raised its holdings in CoreWeave by 14.1% during the 1st quarter. WPG Advisers LLC now owns 1,159 shares of the company’s stock worth $90,000 after buying an additional 143 shares during the period. Finally, Sequoia Financial Advisors LLC lifted its stake in CoreWeave by 3.6% during the second quarter. Sequoia Financial Advisors LLC now owns 4,128 shares of the company’s stock valued at $411,000 after buying an additional 145 shares in the last quarter.
Analysts Set New Price Targets
CRWV has been the topic of a number of research reports. TD Cowen upgraded CoreWeave to a “buy” rating in a report on Wednesday, July 22nd. Barclays raised their target price on CoreWeave from $90.00 to $105.00 and gave the company an “equal weight” rating in a research note on Thursday, August 13th. The Goldman Sachs Group raised their target price on CoreWeave from $121.00 to $139.00 and gave the company a “neutral” rating in a research note on Friday, August 21st. Robert W. Baird lifted their target price on CoreWeave from $100.00 to $130.00 and gave the stock an “outperform” rating in a report on Wednesday, August 12th. Finally, Roth Capital set a $145.00 price target on shares of CoreWeave in a research report on Thursday, August 13th. Twenty-four investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $139.82.
Check Out Our Latest Research Report on CRWV
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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