CoreWeave (NASDAQ:CRWV) Shares Up 19.3% Following Better-Than-Expected Earnings

CoreWeave Inc. (NASDAQ:CRWV) traded up 19.3% during mid-day trading on Wednesday after the company announced better than expected quarterly earnings. The company traded as high as $111.83 and last traded at $107.73. 86,818,584 shares traded hands during trading, an increase of 203% from the average daily volume of 28,670,906 shares. The stock had previously closed at $90.32.

The company reported ($1.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.52) by $0.38. The business had revenue of $2.58 billion during the quarter. CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.The business’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) EPS.

More CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Strong Q2 growth: Revenue more than doubled year over year to approximately $2.58 billion, slightly exceeding estimates. The reported loss per share was narrower than expected, easing concerns that CoreWeave cannot convert AI demand into revenue. CoreWeave stock pops as revenue doubles
• Positive Sentiment: Large backlog and pricing power: CoreWeave reported an order backlog of roughly $104.2 billion. CEO Mike Intrator also said customers are booking older NVIDIA GPUs through 2029 at full pricing, suggesting demand and asset durability may be stronger than investors had feared. CoreWeave CEO on NVIDIA GPU bookings
• Positive Sentiment: Guidance and analyst support: Third-quarter revenue guidance of $3.5 billion to $3.6 billion topped consensus near $3.4 billion. Baird raised its target to $130, Cantor Fitzgerald lifted its target to $176, and Rosenblatt reaffirmed a $250 target and Buy rating.
• Positive Sentiment: AI ecosystem read-through: Upbeat results from CoreWeave and Super Micro reinforced expectations for sustained AI infrastructure spending, benefiting related semiconductor, memory and optical-component stocks.
• Neutral Sentiment: Analyst opinions remain divided: Some analysts cited strong demand and backlog growth, while others remain cautious about execution and the time required to reach profitability. JPMorgan raised its target to $110 but maintained a Neutral rating.
• Negative Sentiment: Debt and capital intensity: CoreWeave remains loss-making and highly leveraged, with substantial data-center investment and projected 2026 capital expenditures of approximately $35 billion to $39 billion. Investors remain concerned about financing costs, cash burn and whether the company can build capacity quickly enough to fulfill its backlog. CoreWeave debt risks
• Negative Sentiment: Bear-case criticism: Martin Shkreli characterized CRWV as a short, comparing its leverage and debt-financed expansion to troubled telecom companies. The criticism highlights the risk that strong bookings may not translate into adequate returns.
• Negative Sentiment: Insider sale: COO Sachin Jain sold approximately $1.25 million of shares to cover tax withholding related to vested equity awards. While not necessarily discretionary selling, it adds a modest negative headline.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CRWV shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $150.00 price target on shares of CoreWeave in a report on Friday, August 7th. JPMorgan Chase & Co. raised their price objective on shares of CoreWeave from $105.00 to $110.00 and gave the stock a “neutral” rating in a research note on Tuesday. Oppenheimer lifted their target price on shares of CoreWeave from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. BTIG Research started coverage on shares of CoreWeave in a research note on Wednesday, July 22nd. They issued a “buy” rating for the company. Finally, Sanford C. Bernstein increased their price target on shares of CoreWeave from $67.00 to $74.00 and gave the stock an “underperform” rating in a report on Wednesday. Twenty-three investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $139.76.

Insider Buying and Selling at CoreWeave

In related news, Director Jack D. Cogen sold 986,540 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $107.80, for a total transaction of $106,349,012.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian M. Venturo sold 375,000 shares of the firm’s stock in a transaction dated Monday, May 18th. The shares were sold at an average price of $101.24, for a total transaction of $37,965,000.00. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 8,972,789 shares of company stock valued at $889,538,607 over the last ninety days. Corporate insiders own 24.20% of the company’s stock.

Hedge Funds Weigh In On CoreWeave

Several hedge funds and other institutional investors have recently made changes to their positions in CRWV. Vanguard Group Inc. increased its position in shares of CoreWeave by 275.6% during the fourth quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company’s stock worth $1,999,421,000 after purchasing an additional 20,487,478 shares in the last quarter. Proficio Capital Partners LLC lifted its holdings in CoreWeave by 446,194.0% in the 3rd quarter. Proficio Capital Partners LLC now owns 17,851,760 shares of the company’s stock valued at $2,443,013,000 after purchasing an additional 17,847,760 shares in the last quarter. Bank of America Corp DE boosted its stake in CoreWeave by 13.1% during the 1st quarter. Bank of America Corp DE now owns 5,652,129 shares of the company’s stock worth $437,870,000 after purchasing an additional 653,398 shares during the last quarter. Clear Street Group Inc. grew its holdings in shares of CoreWeave by 57.2% during the fourth quarter. Clear Street Group Inc. now owns 4,653,815 shares of the company’s stock worth $333,260,000 after buying an additional 1,692,916 shares in the last quarter. Finally, Alyeska Investment Group L.P. grew its holdings in shares of CoreWeave by 300.0% during the fourth quarter. Alyeska Investment Group L.P. now owns 4,000,000 shares of the company’s stock worth $286,440,000 after buying an additional 3,000,000 shares in the last quarter.

CoreWeave Price Performance

The stock’s fifty day moving average price is $90.50 and its 200-day moving average price is $94.73. The firm has a market cap of $48.22 billion, a PE ratio of -34.64 and a beta of 7.44. The company has a debt-to-equity ratio of 3.68, a current ratio of 0.31 and a quick ratio of 0.31.

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.