CoreWeave (NASDAQ:CRWV) Shares Gap Up – What’s Next?

CoreWeave Inc. (NASDAQ:CRWV)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $93.55, but opened at $99.89. CoreWeave shares last traded at $99.77, with a volume of 15,957,868 shares traded.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Citizens Jmp raised CoreWeave to a “hold” rating in a research report on Thursday, May 22nd. Northland Securities raised their target price on CoreWeave from $85.00 to $165.00 and gave the stock an “outperform” rating in a research report on Friday, July 18th. Morgan Stanley raised their target price on CoreWeave from $58.00 to $91.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 31st. JMP Securities assumed coverage on CoreWeave in a research report on Thursday, May 22nd. They issued a “market perform” rating on the stock. Finally, Argus reissued a “buy” rating and issued a $200.00 target price on shares of CoreWeave in a research report on Thursday, August 14th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $107.45.

CoreWeave Stock Up 4.9%

The business has a fifty day moving average of $117.75. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 2.79.

CoreWeave (NASDAQ:CRWV) last posted its quarterly earnings results on Tuesday, August 12th. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.07). The company had revenue of $1.21 million during the quarter. The firm’s revenue was up 206.7% compared to the same quarter last year. CoreWeave has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

Insider Buying and Selling

In other CoreWeave news, insider Brannin Mcbee sold 375,000 shares of the company’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $91.71, for a total value of $34,391,250.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Brian M. Venturo sold 324,312 shares of the company’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $88.10, for a total value of $28,571,887.20. The disclosure for this sale can be found here. Insiders have sold a total of 7,471,406 shares of company stock worth $722,416,182 over the last ninety days.

Institutional Investors Weigh In On CoreWeave

A number of hedge funds have recently made changes to their positions in CRWV. Cisco Systems Inc. purchased a new stake in shares of CoreWeave during the 2nd quarter worth $173,493,000. Geode Capital Management LLC lifted its stake in shares of CoreWeave by 142.6% during the 2nd quarter. Geode Capital Management LLC now owns 716,178 shares of the company’s stock worth $116,809,000 after purchasing an additional 420,915 shares during the last quarter. Lmdagg L.L.C. acquired a new position in CoreWeave during the 2nd quarter valued at about $48,030,000. Sivia Capital Partners LLC acquired a new position in CoreWeave during the 2nd quarter valued at about $39,824,000. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new position in CoreWeave during the 2nd quarter valued at about $34,284,000.

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.