CoreWeave (NASDAQ:CRWV) Issues Earnings Results

CoreWeave (NASDAQ:CRWV) announced its quarterly earnings results on Tuesday. The company reported ($1.32) EPS for the quarter, beating 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 Stock Up 2.4%

CoreWeave stock traded up $2.13 during mid-day trading on Tuesday, reaching $90.32. 40,373,510 shares of the company’s stock were exchanged, compared to its average volume of 28,211,402. The company has a market cap of $40.42 billion, a P/E ratio of -29.04 and a beta of 7.45. CoreWeave has a twelve month low of $60.55 and a twelve month high of $153.20. 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 company has a fifty day moving average of $91.08 and a 200-day moving average of $94.76.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Jefferies Financial Group downgraded CoreWeave from a “buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $150.00 target price on shares of CoreWeave in a research note on Friday. Oppenheimer lifted their price target on shares of CoreWeave from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. DA Davidson restated a “neutral” rating and issued a $100.00 price objective (down from $175.00) on shares of CoreWeave in a report on Monday, May 18th. Finally, Truist Financial raised shares of CoreWeave from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $131.00 to $126.00 in a research report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.82.

Insiders Place Their Bets

In related news, insider Brian M. Venturo sold 375,000 shares of the business’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $101.24, for a total transaction of $37,965,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael N. Intrator sold 278,560 shares of the company’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $97.43, for a total value of $27,140,100.80. Following the sale, the chief executive officer owned 3,138,612 shares in the company, valued at approximately $305,794,967.16. This trade represents a 8.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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. Insiders sold a total of 9,036,105 shares of company stock worth $896,789,395 over the last 90 days. Corporate insiders own 24.20% of the company’s stock.

Institutional Trading of CoreWeave

A number of large investors have recently made changes to their positions in CRWV. Greenline Wealth Management LLC purchased a new stake in shares of CoreWeave in the 4th quarter valued at approximately $28,000. Pin Oak Investment Advisors Inc. purchased a new stake in shares of CoreWeave during the 3rd quarter worth $34,000. Gilpin Wealth Management LLC purchased a new stake in shares of CoreWeave during the 4th quarter worth $36,000. IFC & Insurance Marketing Inc. acquired a new position in shares of CoreWeave during the fourth quarter worth $37,000. Finally, Parkside Financial Bank & Trust grew its stake in shares of CoreWeave by 26.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 600 shares of the company’s stock worth $43,000 after purchasing an additional 125 shares in the last quarter.

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

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.