CoreWeave (NASDAQ:CRWV) Stock Price Up 2.4% – Here’s What Happened

CoreWeave Inc. (NASDAQ:CRWV)’s share price was up 2.4% during mid-day trading on Thursday . The company traded as high as $119.89 and last traded at $117.95. Approximately 65,125,240 shares changed hands during trading, an increase of 129% from the average daily volume of 28,471,930 shares. The stock had previously closed at $115.21.

Key Stories Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave’s planned addition to the Nasdaq-100 is driving index-related buying and broadening investor attention, which is helping fuel the stock’s recent advance. CoreWeave (CRWV) to Join Nasdaq-100, Soars 9.67%
• Positive Sentiment: CoreWeave reported record MLPerf training results, including standout DeepSeek-V3 performance, supporting the view that its infrastructure is among the strongest in the AI compute market. CoreWeave (CRWV) Posts Record MLPerf Training Results On Customer Ready Infrastructure
• Positive Sentiment: Commentary says CoreWeave added roughly $32 billion to its AI backlog, increasing visibility into future revenue and underscoring surging demand for AI cloud capacity. CoreWeave Just Added $32 Billion to Its AI Backlog Ahead of Joining the Nasdaq-100. Is CRWV a Buy at $117?
• Neutral Sentiment: Several executives, including EVP Chen Goldberg and insider Brannin McBee, disclosed stock sales, but the transactions were made under pre-arranged Rule 10b5-1 plans, making them less alarming than discretionary selling. SEC filing for Chen Goldberg sale
• Neutral Sentiment: CoreWeave’s 2026 capex guide of $31 billion to $35 billion reflects aggressive growth ambitions, but also highlights the heavy spending and execution risk tied to its expansion. CoreWeave Guides $31-$35B Capex for 2026: Fuel or Financial Strain?
• Negative Sentiment: Some analysts are warning that CoreWeave may be stretched at current levels, while broader skepticism about the AI capex boom could weigh on sentiment if investors become more risk-averse. Legendary Short Seller Jim Chanos Issues Dire Prediction

Analyst Ratings Changes

A number of research firms recently weighed in on CRWV. Needham & Company LLC reissued a “hold” rating on shares of CoreWeave in a research note on Friday, February 27th. Truist Financial upped their target price on shares of CoreWeave from $85.00 to $131.00 and gave the company a “hold” rating in a research report on Friday, May 8th. Roth Mkm reissued a “buy” rating and issued a $150.00 price target on shares of CoreWeave in a research note on Friday, May 8th. Citigroup raised their price target on CoreWeave from $155.00 to $158.00 and gave the stock a “buy” rating in a research report on Thursday, May 14th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $167.00 price objective on shares of CoreWeave in a report on Thursday, June 11th. Twenty investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $131.52.

CoreWeave Stock Performance

The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 3.68. The stock has a market cap of $52.79 billion, a price-to-earnings ratio of -37.93 and a beta of 7.14. The stock’s fifty day moving average is $109.72 and its 200-day moving average is $93.38.

CoreWeave (NASDAQ:CRWV) last posted its earnings results on Thursday, May 7th. The company reported ($1.40) earnings per share for the quarter, missing the consensus estimate of ($1.17) by ($0.23). CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.The business had revenue of $2.08 billion for the quarter. During the same quarter in the previous year, the company posted ($0.60) EPS. The company’s quarterly revenue was up 111.6% on a year-over-year basis. On average, analysts forecast that CoreWeave Inc. will post -4.57 EPS for the current year.

Insider Activity at CoreWeave

In related news, CEO Michael N. Intrator sold 200,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $98.88, for a total value of $19,776,000.00. Following the completion of the transaction, the chief executive officer directly owned 3,676,815 shares in the company, valued at approximately $363,563,467.20. The trade was a 5.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brian M. Venturo sold 76,924 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $96.89, for a total transaction of $7,453,166.36. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 27,628,694 shares of company stock valued at $3,125,766,052 over the last 90 days.

Hedge Funds Weigh In On CoreWeave

A number of large investors have recently added to or reduced their stakes in the company. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of CoreWeave in the 3rd quarter valued at about $27,000. Rothschild Investment LLC boosted its position in shares of CoreWeave by 10,700.0% during the third quarter. Rothschild Investment LLC now owns 216 shares of the company’s stock worth $30,000 after buying an additional 214 shares during the period. Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of CoreWeave during the third quarter worth about $30,000. Pin Oak Investment Advisors Inc. bought a new position in shares of CoreWeave during the third quarter worth about $34,000. Finally, Cornerstone Planning Group LLC raised its position in CoreWeave by 272.8% in 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.

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.