CoreWeave (NASDAQ:CRWV) Stock Price Up 1.5% – Here’s Why

CoreWeave Inc. (NASDAQ:CRWV)’s share price rose 1.5% on Wednesday . The company traded as high as $102.75 and last traded at $101.28. Approximately 20,376,749 shares changed hands during trading, a decline of 28% from the average daily volume of 28,142,324 shares. The stock had previously closed at $99.81.

Trending Headlines about CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave announced that CFO Nitin Agrawal will present at the Jefferies Software, Internet, and AI Conference on May 27, which keeps the company visible to investors and may reinforce the bullish AI growth narrative. CoreWeave to Participate in the Jefferies Software, Internet, and AI Conference
• Positive Sentiment: New coverage highlighted CoreWeave’s partnership with Pulumi, which ties its GPU cloud more tightly into AI developer workflows and could make the platform stickier for enterprise customers. CoreWeave Pulumi Deal Ties GPU Cloud To AI Developer Workflows
• Positive Sentiment: Several bullish articles continue to frame CoreWeave as a major beneficiary of AI infrastructure spending, citing strong revenue growth, a large backlog, and a new expanded AI infrastructure agreement with Meta. CoreWeave Scores Big With Meta — We See 66% Upside
• Neutral Sentiment: Market commentary comparing CoreWeave with Oracle and other AI infrastructure names may keep the stock in focus, but it does not add a clear new catalyst by itself. CoreWeave vs. Oracle: Which AI Infrastructure Stock is the Better Pick?
• Negative Sentiment: Insider selling remains a headwind, with CEO Michael Intrator and insider Brian Venturo both selling shares this week, which can weigh on investor confidence despite the trades being under pre-arranged 10b5-1 plans. CoreWeave insider trading filing
• Negative Sentiment: Recent analyst and media commentary has also been cautious, pointing to CoreWeave’s leverage, losses, and valuation risk, which helps explain why the stock has faced selling pressure despite strong AI demand. As AI infrastructure heats up, stay on the sidelines with CoreWeave stock

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Citigroup increased their price target on shares of CoreWeave from $155.00 to $158.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. DA Davidson reissued a “neutral” rating and issued a $100.00 price target (down from $175.00) on shares of CoreWeave in a report on Monday. Weiss Ratings reissued a “sell (e+)” rating on shares of CoreWeave in a report on Monday, May 4th. Bank of America raised shares of CoreWeave from a “neutral” rating to a “buy” rating and set a $100.00 price target on the stock in a report on Tuesday, March 24th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $135.00 price target on shares of CoreWeave in a report on Friday, May 8th. Nineteen investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $129.63.

CoreWeave Stock Down 1.9%

The stock’s fifty day moving average price is $99.75 and its 200 day moving average price is $90.77. The stock has a market cap of $47.21 billion, a P/E ratio of -33.92 and a beta of 7.84. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 3.68.

CoreWeave (NASDAQ:CRWV) last released its earnings results 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 25.57% and a negative return on equity of 43.07%. The business had revenue of $1.57 billion for the quarter. The business’s revenue for the quarter was up 110.4% on a year-over-year basis. As a group, research analysts forecast that CoreWeave Inc. will post -4.15 earnings per share for the current fiscal year.

Insider Buying and Selling at CoreWeave

In related news, insider Brian M. Venturo sold 1,125,000 shares of the stock in a transaction on Monday, April 6th. The shares were sold at an average price of $80.86, for a total transaction of $90,967,500.00. Following the transaction, the insider owned 285,327 shares of the company’s stock, valued at approximately $23,071,541.22. This trade represents a 79.77% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Magnetar Financial Llc sold 1,404,667 shares of the stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $118.30, for a total transaction of $166,172,106.10. Following the transaction, the insider directly owned 282,570 shares in the company, valued at approximately $33,428,031. This represents a 83.25% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 25,081,690 shares of company stock worth $2,810,973,764.

Hedge Funds Weigh In On CoreWeave

Several institutional investors and hedge funds have recently made changes to their positions in CRWV. Sivia Capital Partners LLC bought a new position in shares of CoreWeave during the 2nd quarter valued at $39,824,000. Quantbot Technologies LP purchased a new stake in CoreWeave during the 2nd quarter valued at $311,000. Invesco Ltd. purchased a new stake in CoreWeave during the 2nd quarter valued at $882,000. First Trust Advisors LP purchased a new stake in CoreWeave during the 2nd quarter valued at $20,260,000. Finally, Baird Financial Group Inc. purchased a new stake in CoreWeave during the 2nd quarter valued at $455,000.

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.