CoreWeave Inc. (NASDAQ:CRWV – Get Free Report)’s stock price was up 1.3% during mid-day trading on Wednesday . The company traded as high as $80.54 and last traded at $78.44. Approximately 22,682,855 shares changed hands during trading, a decline of 13% from the average daily volume of 25,931,705 shares. The stock had previously closed at $77.47.
Key Headlines Impacting CoreWeave
Here are the key news stories impacting CoreWeave this week:
- Positive Sentiment: Closed a landmark, GPU‑backed delayed‑draw term loan facility of up to $8.5 billion with investment‑grade ratings (Moody’s A3, DBRS A (low)), which lowers borrowing costs, unlocks capital for aggressive GPU capacity expansion, and reassures large institutional lenders—this is the main catalyst lifting sentiment. CoreWeave Closes Landmark $8.5 Billion Financing Facility
- Positive Sentiment: Posted strong MLPerf® Inference v6.0 results using NVIDIA GB200/GB300 hardware — a technical endorsement that supports CoreWeave’s positioning for inference workloads as customers move from experiments to production. CoreWeave Delivers Leading Inference Performance in MLPerf® Benchmark
- Positive Sentiment: High‑profile media/analyst attention (including CNBC coverage and Jim Cramer comments) amplified investor interest and likely accelerated buying after the financing announcement. Cramer: CoreWeave’s $8.5B Financing Is a ‘Landmark’ Deal
- Neutral Sentiment: Market commentary and roundup pieces continue to list CoreWeave among top AI/cloud infrastructure plays, keeping it visible to thematic investors even as the name remains volatile. 5 Cloud and AI Infrastructure Stocks Powering the Next Wave of AI
- Negative Sentiment: Analysts and media warn the big financing increases leverage and highlights CoreWeave’s lack of profitability — the facility reduces near‑term funding risk but raises long‑term debt exposure and cash‑burn concerns. CoreWeave’s $8.5 Billion Financing & 12% Stock Surge: A Deep Dive
- Negative Sentiment: Some outlets and analysts caution that CoreWeave’s business model remains capital‑intensive and that broader macro or competitive pressures (mentions in a BofA note) could create downside if demand or pricing softens. BofA Sends Alarming Message on Microsoft, Oracle and CoreWeave
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on the company. Mizuho cut their target price on CoreWeave from $100.00 to $95.00 and set a “neutral” rating on the stock in a research note on Friday, February 27th. DA Davidson upped their price target 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. The Goldman Sachs Group began coverage on shares of CoreWeave in a research report on Monday, January 12th. They set a “neutral” rating and a $86.00 price objective on the stock. Barclays reduced their price objective on shares of CoreWeave from $120.00 to $90.00 and set an “equal weight” rating for the company in a research note on Monday, January 12th. Finally, Wells Fargo & Company decreased their target price on shares of CoreWeave from $150.00 to $125.00 and set an “overweight” rating for the company in a report on Thursday, January 8th. Nineteen research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $121.06.
CoreWeave Stock Up 1.3%
The stock has a market cap of $32.87 billion and a PE ratio of -24.51. The company has a debt-to-equity ratio of 4.46, a current ratio of 0.46 and a quick ratio of 0.46. The company has a 50 day moving average price of $87.25 and a two-hundred day moving average price of $96.59.
CoreWeave (NASDAQ:CRWV – Get Free Report) last released its quarterly earnings data on Thursday, February 26th. The company reported ($0.89) EPS for the quarter, missing the consensus estimate 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 business had revenue of $1.57 billion for the quarter. The business’s revenue was up 110.4% compared to the same quarter last year.
Insider Activity at CoreWeave
In related news, insider Brian M. Venturo sold 281,250 shares of the stock in a transaction that occurred on Wednesday, March 18th. The shares were sold at an average price of $83.65, for a total transaction of $23,526,562.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Nitin Agrawal sold 38,456 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The stock was sold at an average price of $83.23, for a total transaction of $3,200,692.88. Following the completion of the sale, the chief financial officer owned 189,892 shares in the company, valued at $15,804,711.16. This represents a 16.84% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 4,303,012 shares of company stock worth $371,183,399.
Hedge Funds Weigh In On CoreWeave
A number of institutional investors and hedge funds have recently modified their holdings of the company. Hazlett Burt & Watson Inc. increased its position in CoreWeave by 34.7% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 462 shares of the company’s stock valued at $33,000 after acquiring an additional 119 shares during the last quarter. Chilton Capital Management LLC boosted its position in CoreWeave by 50.2% in the third quarter. Chilton Capital Management LLC now owns 362 shares of the company’s stock worth $50,000 after purchasing an additional 121 shares during the last quarter. Cullen Frost Bankers Inc. boosted its position in CoreWeave by 45.8% in the fourth quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock worth $28,000 after purchasing an additional 121 shares during the last quarter. Family Legacy Financial Solutions LLC grew its stake in shares of CoreWeave by 166.7% during the 3rd quarter. Family Legacy Financial Solutions LLC now owns 200 shares of the company’s stock valued at $27,000 after purchasing an additional 125 shares during the period. Finally, Parkside Financial Bank & Trust grew its stake in shares of CoreWeave by 26.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 600 shares of the company’s stock valued at $43,000 after purchasing an additional 125 shares during the period.
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.
Further Reading
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