CoreWeave (NASDAQ:CRWV) Shares Up 5% – Here’s What Happened

Posted by Brian Himes on Oct 6th, 2026

CoreWeave Inc. (NASDAQ:CRWV – Get Free Report) shares traded up 5% during trading on Tuesday. The company traded as high as $93.21 and last traded at $91.72. 31,260,830 shares changed hands during trading, an increase of 10% from the average daily volume of 28,404,426 shares. The stock had previously closed at $87.39.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Citigroup increased their target price on shares of CoreWeave from $142.00 to $159.00 and gave the company a “buy” rating in a research report on Friday, August 14th. Robert W. Baird increased their price objective on shares of CoreWeave from $100.00 to $130.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. Truist Financial raised their price objective 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. Wells Fargo & Company boosted their target price on CoreWeave from $155.00 to $160.00 and gave the stock an “overweight” rating in a report on Wednesday, August 12th. Finally, Needham & Company LLC restated a “hold” rating on shares of CoreWeave in a research report on Thursday, August 13th. Twenty-three research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $138.78.

Check Out Our Latest Stock Analysis on CRWV

CoreWeave Price Performance

The company’s 50 day moving average price is $87.38 and its 200-day moving average price is $94.76. The company has a market cap of $42.09 billion, a price-to-earnings ratio of -25.13 and a beta of 7.36. 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 issued 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 net margin of 25.41% and a negative return on equity of 47.95%. The company’s quarterly revenue was up 112.5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.27) earnings per share. On average, equities research analysts forecast that CoreWeave Inc. will post -5.19 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Brannin Mcbee sold 56,531 shares of CoreWeave stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $87.69, for a total value of $4,957,203.39. Following the transaction, the insider directly owned 392,279 shares in the company, valued at $34,398,945.51. The trade was a 12.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Michael N. Intrator sold 78,552 shares of the business’s stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $87.69, for a total value of $6,888,224.88. Following the sale, the chief executive officer directly owned 548,935 shares in the company, valued at $48,136,110.15. This trade represents a 12.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 5,912,108 shares of company stock valued at $515,253,504. 24.20% of the stock is owned by insiders.

Institutional Trading of CoreWeave

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio acquired a new position in shares of CoreWeave in the second quarter worth about $15,543,000. California State Teachers Retirement System increased its position in shares of CoreWeave by 25.5% in the first quarter. California State Teachers Retirement System now owns 320,011 shares of the company’s stock worth $24,791,000 after acquiring an additional 64,960 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of CoreWeave by 12.6% during the first quarter. Bank of New York Mellon Corp now owns 353,702 shares of the company’s stock valued at $27,401,000 after acquiring an additional 39,599 shares during the period. Ardmore Road Asset Management LP raised its holdings in shares of CoreWeave by 3,410.0% during the first quarter. Ardmore Road Asset Management LP now owns 351,000 shares of the company’s stock valued at $27,192,000 after acquiring an additional 341,000 shares during the period. Finally, TD Waterhouse Canada Inc. lifted its position in shares of CoreWeave by 30.6% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 73,470 shares of the company’s stock valued at $7,313,000 after acquiring an additional 17,196 shares in the last quarter.

CoreWeave Company Profile

(Get Free Report)

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.