CoreWeave (NASDAQ:CRWV) Shares Up 6.4% – Here’s What Happened

CoreWeave Inc. (NASDAQ:CRWV) shares shot up 6.4% during trading on Wednesday . The company traded as high as $124.96 and last traded at $122.54. 31,628,303 shares traded hands during trading, an increase of 14% from the average session volume of 27,800,805 shares. The stock had previously closed at $115.16.

More CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Very strong revenue momentum: CoreWeave reported ~110% year‑over‑year revenue growth last quarter, which underpins investor enthusiasm for its GPU/AI-cloud demand and supports the long‑term growth thesis. Read More.
• Positive Sentiment: Public bullishness and analyst support: Jim Cramer has discussed CRWV positively on Mad Money (calling it an “aggressive buy”), and several sell‑side firms have buy/outperform ratings and high targets — a catalyst for continued retail/institutional interest. Read More.
• Neutral Sentiment: Market volatility backdrop is calm today (VIX < 19), which generally favors risk assets and can help momentum names like CRWV — but reduced fear can also limit near‑term spikes. Read More.
• Neutral Sentiment: Capital/financing moves are ambiguous: the market has treated recent debt and equity raises as growth capital for expansion, but additional leverage increases execution risk and can add volatility. Read More.
• Negative Sentiment: Significant insider and major‑holder selling this week — Magnetar materially reduced its position and multiple insiders (including large Rule 10b5‑1 sales) sold tens or hundreds of thousands of shares; the scale of supply is a clear near‑term negative for the stock. Read More.
• Negative Sentiment: Earnings and margin risks remain: recent quarter showed a sizeable EPS miss and negative margins/ROE; analysts flag cash‑burn, high leverage and execution risk ahead of upcoming results, which can sap short‑term upside. Read More.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on CRWV shares. Roth Mkm reissued a “buy” rating on shares of CoreWeave in a research report on Monday, February 23rd. Bank of America raised shares of CoreWeave from a “neutral” rating to a “buy” rating and set a $100.00 price target for the company in a research report on Tuesday, March 24th. Citizens Jmp reissued a “market outperform” rating and issued a $180.00 price target on shares of CoreWeave in a research report on Friday, February 27th. Cantor Fitzgerald increased their price target on shares of CoreWeave from $149.00 to $156.00 and gave the stock an “overweight” rating in a research report on Thursday, April 16th. Finally, DA Davidson increased their price target on shares of CoreWeave from $125.00 to $175.00 and gave the stock a “buy” rating in a research report on Monday, April 13th. Twenty analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $125.16.

CoreWeave Price Performance

The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 4.46. The stock has a market cap of $46.15 billion and a price-to-earnings ratio of -34.42. The company’s 50-day moving average is $90.32 and its 200-day moving average is $94.04.

CoreWeave (NASDAQ:CRWV) last posted its quarterly earnings results on Thursday, February 26th. The company reported ($0.89) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.61) by ($0.28). The business had revenue of $1.57 billion during the quarter. CoreWeave had a negative return on equity of 33.82% and a negative net margin of 22.75%.CoreWeave’s revenue for the quarter was up 110.4% on a year-over-year basis. Equities research analysts expect that CoreWeave Inc. will post -4.16 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Brannin Mcbee sold 45,830 shares of the firm’s stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $115.94, for a total transaction of $5,313,530.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brian M. Venturo sold 1,125,000 shares of the firm’s stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $115.93, for a total transaction of $130,421,250.00. 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 ninety days, insiders sold 13,170,929 shares of company stock worth $1,301,439,273.

Institutional Trading of CoreWeave

Several hedge funds have recently modified their holdings of CRWV. Sivia Capital Partners LLC acquired a new stake in shares of CoreWeave during the second quarter worth approximately $39,824,000. Quantbot Technologies LP bought a new stake in shares of CoreWeave during the second quarter valued at approximately $311,000. Invesco Ltd. bought a new stake in shares of CoreWeave during the second quarter valued at approximately $882,000. First Trust Advisors LP bought a new stake in shares of CoreWeave during the second quarter valued at approximately $20,260,000. Finally, Baird Financial Group Inc. bought a new stake in shares of CoreWeave during the second quarter valued at approximately $455,000.

About CoreWeave

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.