CoreWeave (NASDAQ:CRWV) Shares Gap Up After Strong Earnings

CoreWeave Inc. (NASDAQ:CRWV)’s share price gapped up prior to trading on Wednesday after the company announced better than expected quarterly earnings. The stock had previously closed at $48.73, but opened at $55.97. CoreWeave shares last traded at $58.71, with a volume of 40,296,310 shares traded.

The company reported ($0.95) EPS for the quarter, topping analysts’ consensus estimates of ($1.45) by $0.50. CoreWeave had a negative return on equity of 59.42% and a negative net margin of 25.56%. The company had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.54 billion. During the same quarter in the previous year, the firm earned ($0.22) EPS. CoreWeave’s revenue was up 168.2% on a year-over-year basis.

More CoreWeave News

These are some of the CRWV news items that stood out recently:

• Positive Sentiment: CoreWeave reported Q3 revenue of $3.66 billion, up 168% year over year, and raised its 2026 revenue outlook to $13.0–$13.3 billion. Its $132.5 billion backlog and improved margins point to strong AI-computing demand. Q3 earnings and outlook
• Neutral Sentiment: Analyst views remain divided. Barclays lowered its target to $85 from $105 and kept an Equal Weight rating; Argus cut its target to $100 from $150 but maintained Buy. Citi raised its target, providing a counterpoint to the reductions. Barclays target update Argus target update Citi target update
• Negative Sentiment: Despite financing improvements, CoreWeave’s substantial debt and interest burden remain risks, with potential dilution also weighing on investor confidence.

Analyst Ratings Changes

CRWV has been the subject of a number of research reports. Stifel Nicolaus dropped their target price on shares of CoreWeave from $120.00 to $60.00 and set a “hold” rating for the company in a report on Wednesday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of CoreWeave in a report on Monday, September 21st. Raymond James Financial reiterated an “outperform” rating and set a $75.00 price objective on shares of CoreWeave in a research report on Monday, October 26th. JPMorgan Chase & Co. raised shares of CoreWeave from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $120.00 to $125.00 in a research note on Thursday, September 24th. Finally, BTIG Research initiated coverage on shares of CoreWeave in a research report on Wednesday, July 22nd. They issued a “buy” rating on the stock. Twenty-six research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, CoreWeave currently has an average rating of “Moderate Buy” and a consensus price target of $116.66.

Insider Buying and Selling at CoreWeave

In other CoreWeave news, insider Kristen J. Mcveety sold 156,000 shares of the stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $81.63, for a total value of $12,734,280.00. Following the completion of the transaction, the insider directly owned 123,313 shares in the company, valued at approximately $10,066,040.19. This trade represents a 55.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael N. Intrator sold 200,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $95.72, for a total value of $19,144,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,676,815 shares of the company’s stock, valued at $160,504,731.80. This represents a 10.66% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 3,419,887 shares of company stock worth $304,094,910. 24.20% of the stock is currently owned by insiders.

Institutional Trading of CoreWeave

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB lifted its position in shares of CoreWeave by 241.1% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 307 shares of the company’s stock worth $27,000 after purchasing an additional 217 shares during the period. Essential Partners LLC acquired a new stake in shares of CoreWeave during the second quarter worth $30,000. Cassaday & Co Wealth Management LLC acquired a new stake in shares of CoreWeave during the first quarter worth $31,000. Burnham & Co LLC acquired a new stake in shares of CoreWeave during the second quarter worth $32,000. Finally, Allied Private Wealth LLC bought a new position in CoreWeave during the second quarter worth $40,000.

CoreWeave Price Performance

The business’s 50 day moving average is $73.22 and its two-hundred day moving average is $89.07. The firm has a market cap of $25.97 billion, a P/E ratio of -12.04 and a beta of 7.71. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 5.53.

About CoreWeave

CoreWeave is a cloud computing company that provides infrastructure for artificial intelligence, machine learning, and other compute-intensive workloads. Its services include access to graphics processing units (GPUs), cloud storage and networking, and software tools for deploying and managing workloads. The company was founded in 2017 as a cryptocurrency mining business and later shifted its focus to cloud computing. CoreWeave is headquartered in Livingston, New Jersey, and operates data center infrastructure in the United States and Europe, serving customers that need large-scale computing resources.