CoreWeave (NASDAQ:CRWV) Posts Quarterly Earnings Results, Beats Expectations By $0.20 EPS

CoreWeave (NASDAQ:CRWV) released its earnings results on Tuesday. The company reported ($1.32) EPS for the quarter, topping the consensus estimate of ($1.52) by $0.20, Zacks reports. CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.

CoreWeave Price Performance

Shares of CRWV traded up $2.13 during midday trading on Tuesday, hitting $90.32. 36,232,529 shares of the company traded hands, compared to its average volume of 28,211,402. CoreWeave has a one year low of $60.55 and a one year high of $153.20. The stock has a 50-day moving average of $91.08 and a 200-day moving average of $94.76. The company has a debt-to-equity ratio of 3.68, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a market cap of $40.42 billion, a P/E ratio of -29.04 and a beta of 7.45.

Insiders Place Their Bets

In other news, EVP Chen Goldberg sold 19,208 shares of CoreWeave stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $92.29, for a total transaction of $1,772,706.32. Following the completion of the sale, the executive vice president directly owned 71,266 shares of the company’s stock, valued at approximately $6,577,139.14. The trade was a 21.23% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Brannin Mcbee sold 10,536 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $83.63, for a total value of $881,125.68. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 9,036,105 shares of company stock worth $896,789,395. 24.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CoreWeave

A number of hedge funds have recently modified their holdings of CRWV. Proficio Capital Partners LLC grew its stake in CoreWeave by 446,194.0% in the third quarter. Proficio Capital Partners LLC now owns 17,851,760 shares of the company’s stock worth $2,443,013,000 after purchasing an additional 17,847,760 shares in the last quarter. Alyeska Investment Group L.P. increased its position in CoreWeave by 300.0% in 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 during the period. Invesco Ltd. lifted its stake in CoreWeave by 55,329.7% in the third quarter. Invesco Ltd. now owns 2,999,300 shares of the company’s stock valued at $410,454,000 after buying an additional 2,993,889 shares during the last quarter. Lavaca Capital LLC increased its holdings in shares of CoreWeave by 25.0% in the 4th quarter. Lavaca Capital LLC now owns 2,500,000 shares of the company’s stock worth $179,025,000 after acquiring an additional 500,000 shares during the period. Finally, First Trust Advisors LP increased its holdings in shares of CoreWeave by 17.6% in the 4th quarter. First Trust Advisors LP now owns 2,285,993 shares of the company’s stock worth $163,700,000 after acquiring an additional 341,645 shares during the period.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: JPMorgan raised its price target for CoreWeave (CRWV) from $105 to $110, implying substantial potential upside, although it retained a neutral rating. Benzinga
• Positive Sentiment: Jefferies maintained a Buy rating and a $150 price target, citing strong demand for AI compute. CoreWeave’s new $2.6 billion financing deal also supports continued data-center expansion, though profitability is not expected to materially improve for several months. CoreWeave earnings: Jefferies eying founder selling, not profit, as the next catalyst
• Positive Sentiment: A deal with Solidigm gives CoreWeave priority access to solid-state drives, potentially easing storage constraints and improving its ability to scale AI-cloud capacity. CRWV’s Solidigm Deal
• Positive Sentiment: Market commentator Jim Cramer identified CoreWeave as a preferred AI-infrastructure investment over IREN, describing it as cheaper and better positioned. Jim Cramer Picks CoreWeave as the Better Buy Over IREN

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CRWV. Jefferies Financial Group lowered shares of CoreWeave from a “buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 price target on shares of CoreWeave in a research note on Wednesday, August 5th. Raymond James Financial cut shares of CoreWeave from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. BTIG Research assumed coverage on CoreWeave in a research note on Wednesday, July 22nd. They set a “buy” rating on the stock. Finally, Wolfe Research reissued an “outperform” rating on shares of CoreWeave in a research note on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $136.82.

About CoreWeave

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.