CoreWeave (NASDAQ:CRWV) Trading 3.3% Higher – Still a Buy?

CoreWeave Inc. (NASDAQ:CRWV) shares rose 3.3% on Wednesday . The stock traded as high as $112.98 and last traded at $111.31. Approximately 23,347,545 shares were traded during mid-day trading, a decline of 17% from the average daily volume of 28,146,977 shares. The stock had previously closed at $107.75.

Trending Headlines about CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave continues to benefit from strong AI infrastructure demand, with recent commentary highlighting a $2.1 billion first-quarter revenue print and a $99.4 billion backlog, reinforcing the company’s long-term growth story. Article Title
• Positive Sentiment: Wall Street remains constructive, with Bank of America raising its price target and other analysts boosting targets as investors stay focused on CoreWeave’s role in AI cloud infrastructure. Article Title
• Positive Sentiment: CoreWeave said it ranked No. 1 for inference speed and price-performance in an independent benchmark for Moonshot AI’s Kimi K2.6 model, which supports its competitive positioning in GPU cloud services. Article Title
• Neutral Sentiment: CoreWeave will participate in the J.P. Morgan Global Technology, Media and Communications Conference on May 19, which keeps the stock in focus but is not a direct operational catalyst. Article Title
• Negative Sentiment: Insider selling is pressuring sentiment, including COO Sachin Jain’s sale of 14,750 shares and co-founder Brian M. Venturo’s much larger sale of 375,000 shares, even though the transactions were reported as pre-planned or tax-related. Article Title
• Negative Sentiment: Some recent coverage has emphasized that the AI growth story may be slowing, while CoreWeave still faces heavy debt and rising losses, which can temper enthusiasm despite bullish analyst targets. Article Title

Analyst Upgrades and Downgrades

A number of brokerages have commented on CRWV. Truist Financial boosted their price objective on CoreWeave from $85.00 to $131.00 and gave the stock a “hold” rating in a report on Friday, May 8th. Oppenheimer lifted their target price on CoreWeave from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Needham & Company LLC reiterated a “hold” rating on shares of CoreWeave in a research note on Friday, February 27th. Macquarie Infrastructure reiterated a “neutral” rating and issued a $115.00 target price on shares of CoreWeave in a report on Tuesday, January 27th. Finally, Evercore restated an “outperform” rating and set a $150.00 price target on shares of CoreWeave in a report on Wednesday, April 15th. Twenty equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $131.88.

CoreWeave Trading Up 3.3%

The company has a debt-to-equity ratio of 3.68, a current ratio of 0.31 and a quick ratio of 0.46. The firm has a fifty day simple moving average of $95.41 and a two-hundred day simple moving average of $92.08. The firm has a market capitalization of $49.82 billion, a P/E ratio of -35.79 and a beta of 7.84.

CoreWeave (NASDAQ:CRWV) last issued its quarterly earnings results on Thursday, February 26th. The company reported ($0.89) EPS for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.28). The firm had revenue of $1.57 billion for the quarter. CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. The business’s revenue was up 110.4% on a year-over-year basis. On average, equities research analysts anticipate that CoreWeave Inc. will post -4.15 earnings per share for the current fiscal year.

Insider Buying and Selling at CoreWeave

In related news, COO Sachin Jain sold 14,750 shares of CoreWeave stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $118.61, for a total value of $1,749,497.50. Following the completion of the transaction, the chief operating officer directly owned 123,058 shares in the company, valued at approximately $14,595,909.38. The trade was a 10.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Brian M. Venturo sold 375,000 shares of the business’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $115.85, for a total transaction of $43,443,750.00. 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 24,448,144 shares of company stock valued at $2,741,354,245 over the last three months.

Hedge Funds Weigh In On CoreWeave

Several hedge funds have recently made changes to their positions in CRWV. Cornerstone Planning Group LLC raised its holdings in CoreWeave by 272.8% during the 4th quarter. Cornerstone Planning Group LLC now owns 343 shares of the company’s stock valued at $25,000 after buying an additional 251 shares during the last quarter. KERR FINANCIAL PLANNING Corp bought a new stake in CoreWeave in the 3rd quarter worth $27,000. Aspect Partners LLC purchased a new position in shares of CoreWeave in the third quarter valued at about $28,000. Cullen Frost Bankers Inc. increased its position in shares of CoreWeave by 45.8% in the fourth quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock valued at $28,000 after acquiring an additional 121 shares during the period. Finally, Greenline Wealth Management LLC bought a new position in shares of CoreWeave during the fourth quarter valued at about $28,000.

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.