CoreWeave (NASDAQ:CRWV) Trading Up 3.5% – Here’s Why
by Renee Jackson · The Cerbat GemCoreWeave Inc. (NASDAQ:CRWV – Get Free Report) shares were up 3.5% on Thursday . The stock traded as high as $94.96 and last traded at $92.00. Approximately 65,316,267 shares traded hands during trading, an increase of 150% from the average daily volume of 26,159,512 shares. The stock had previously closed at $88.90.
More CoreWeave News
Here are the key news stories impacting CoreWeave this week:
- Positive Sentiment: Expanded long‑term contract with Meta — CoreWeave announced an expanded agreement to provide Meta with AI cloud capacity through December 2032, a deal reportedly worth about $21 billion that materially lengthens revenue visibility and secures a major hyperscaler customer. Read More.
- Positive Sentiment: Broker/analyst support and operational momentum — Recent notes (coverage starts and upgrades, plus commentary highlighting growing active power, data centers online and a large revenue backlog) are reinforcing demand for the stock and investor appetite for AI‑infrastructure exposure. Read More.
- Neutral Sentiment: Planned financing — CoreWeave announced intentions to offer convertible senior notes ( ~$3.0B ) and a separate senior notes offering (~$1.25B). That provides funding for expansion and helps execute on large contracts, but introduces potential dilution (convertibles) and higher leverage. Read More. Read More.
- Negative Sentiment: Large insider selling — Senior insiders (Brian M. Venturo and Brannin McBee) executed sizable Rule 10b5‑1 sales in early April (Venturo sold 1,125,000 shares). Even if pre‑planned, the size of the disposals is a negative near‑term catalyst for sentiment and may amplify volatility. Read More. Read More.
- Negative Sentiment: Balance‑sheet and liquidity metrics — The company’s reported leverage is high (debt/equity ~4.46) and current/quick ratios are low (~0.46), which makes additional debt issuance and execution risk more salient to investors. Read More.
Analyst Ratings Changes
Several equities research analysts recently weighed in on CRWV shares. Cantor Fitzgerald started coverage on shares of CoreWeave in a research note on Thursday. They set an “overweight” rating and a $149.00 target price on the stock. Sanford C. Bernstein started coverage on shares of CoreWeave in a research note on Thursday, March 5th. They set an “underperform” rating and a $56.00 target price on the stock. Oppenheimer started coverage on shares of CoreWeave in a research note on Friday, March 6th. They set an “outperform” rating and a $140.00 target price on the stock. Roth Mkm reaffirmed a “buy” rating on shares of CoreWeave in a research note on Monday, February 23rd. Finally, DA Davidson upped their target price on shares of CoreWeave from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Nineteen research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, CoreWeave currently has an average rating of “Moderate Buy” and an average target price of $121.65.
View Our Latest Analysis on CRWV
CoreWeave Stock Performance
The stock’s 50-day simple moving average is $85.37 and its 200 day simple moving average is $95.15. The company has a debt-to-equity ratio of 4.46, a quick ratio of 0.46 and a current ratio of 0.46. The company has a market capitalization of $38.55 billion and a PE ratio of -28.75.
CoreWeave (NASDAQ:CRWV – Get Free Report) last announced its quarterly earnings data on Thursday, February 26th. The company reported ($0.89) EPS for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.28). CoreWeave had a negative net margin of 22.75% and a negative return on equity of 33.82%. The firm had revenue of $1.57 billion during the quarter. The company’s quarterly revenue was up 110.4% compared to the same quarter last year.
Insider Buying and Selling at CoreWeave
In related news, CEO Michael N. Intrator sold 200,000 shares of the stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $78.77, for a total value of $15,754,000.00. Following the transaction, the chief executive officer directly owned 5,528,900 shares of the company’s stock, valued at $435,511,453. This trade represents a 3.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brian M. Venturo sold 1,125,000 shares of CoreWeave stock in a transaction on Monday, April 6th. The stock was sold at an average price of $80.86, for a total transaction of $90,967,500.00. Following the sale, the insider owned 285,327 shares in the company, valued at $23,071,541.22. This represents a 79.77% decrease in their ownership of the stock. 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 three months, insiders have sold 7,348,394 shares of company stock valued at $613,057,058.
Institutional Investors Weigh In On CoreWeave
A number of institutional investors and hedge funds have recently bought and sold shares of CRWV. Sivia Capital Partners LLC purchased a new stake in CoreWeave in the second quarter valued at $39,824,000. Northwestern Mutual Wealth Management Co. purchased a new stake in CoreWeave in the second quarter valued at $306,000. Quantbot Technologies LP purchased a new stake in CoreWeave in the second quarter valued at $311,000. Invesco Ltd. purchased a new stake in CoreWeave in the second quarter valued at $882,000. Finally, First Trust Advisors LP purchased a new stake in CoreWeave in the second quarter valued at $20,260,000.
CoreWeave Company Profile
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.