CoreWeave (NASDAQ:CRWV) Releases Quarterly Earnings Results, Beats Expectations By $0.14 EPS

CoreWeave (NASDAQ:CRWV) posted its quarterly earnings data on Monday. The company reported ($0.22) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.14, Briefing.com reports. The firm had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.28 billion. The business’s quarterly revenue was up 133.7% on a year-over-year basis. During the same quarter last year, the business earned ($1.82) earnings per share. CoreWeave updated its FY 2025 guidance to EPS.

CoreWeave Stock Down 16.3%

CRWV opened at $88.39 on Wednesday. The firm has a market cap of $43.18 billion and a P/E ratio of -77.54. The business’s fifty day simple moving average is $123.33 and its 200 day simple moving average is $118.83. CoreWeave has a 52 week low of $33.51 and a 52 week high of $187.00. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 2.79.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on CRWV shares. HSBC started coverage on shares of CoreWeave in a report on Wednesday, July 16th. They set a “reduce” rating and a $32.00 price target for the company. HC Wainwright reissued a “buy” rating and issued a $180.00 target price on shares of CoreWeave in a report on Wednesday. DA Davidson restated an “underperform” rating and set a $36.00 target price on shares of CoreWeave in a research report on Tuesday. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $110.00 price target on shares of CoreWeave in a report on Tuesday. Finally, Citigroup upgraded shares of CoreWeave from a “neutral” rating to a “buy” rating and set a $160.00 price objective for the company in a research note on Thursday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $130.89.

Insider Transactions at CoreWeave

In other CoreWeave news, major shareholder Magnetar Financial Llc sold 1,451,063 shares of CoreWeave stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $125.60, for a total value of $182,253,512.80. Following the completion of the sale, the insider directly owned 363,631 shares of the company’s stock, valued at approximately $45,672,053.60. The trade was a 79.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jack D. Cogen sold 1,112,004 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $94.69, for a total value of $105,295,658.76. Following the transaction, the director directly owned 12,329,676 shares in the company, valued at approximately $1,167,497,020.44. This represents a 8.27% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 36,743,427 shares of company stock worth $4,592,624,537.

Institutional Trading of CoreWeave

Hedge funds have recently added to or reduced their stakes in the business. Sivia Capital Partners LLC acquired a new position in shares of CoreWeave in the 2nd quarter valued at $39,824,000. Quantbot Technologies LP purchased a new stake in CoreWeave during the second quarter valued at about $311,000. Invesco Ltd. acquired a new stake in CoreWeave during the second quarter worth about $882,000. First Trust Advisors LP purchased a new position in shares of CoreWeave in the 2nd quarter worth about $20,260,000. Finally, Baird Financial Group Inc. acquired a new position in shares of CoreWeave in the 2nd quarter valued at about $455,000.

CoreWeave Company Profile

CoreWeave, Inc engages in the powers of the creation and delivery of the intelligence that drives innovation. It offers a solution used by organizations of all sizes that require sophisticated AI computing, from the largest of enterprises to small, well-funded start-ups. The company was founded by Michael Intrator, Brian Venturo, and Brannin McBee on September 21, 2017 and is headquartered in Livingston, NJ.