CoreWeave (NASDAQ:CRWV) Stock Price Up 7.8% – Here’s What Happened

CoreWeave Inc. (NASDAQ:CRWV) shot up 7.8% during mid-day trading on Wednesday . The stock traded as high as $80.66 and last traded at $79.50. 25,010,181 shares traded hands during mid-day trading, a decline of 10% from the average session volume of 27,736,086 shares. The stock had previously closed at $73.78.

CoreWeave News Summary

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave announced a multi‑year partnership to run Perplexity’s AI inference workloads on CoreWeave Cloud, a commercial win that drove pre‑market gains and reinforces demand for CRWV’s inference capacity. CoreWeave Announces Agreement to Power Perplexity’s AI Inference Workloads
• Positive Sentiment: Citigroup lowered its price target to $126 but kept a “Buy” rating — the firm still projects material upside from current levels, which lends near‑term analyst support. Benzinga article on Citi price target
• Positive Sentiment: Other brokers (including HC Wainwright) continue to rate CRWV a Buy, providing additional sell‑side conviction despite recent weakness. HC Wainwright Buy Rating
• Neutral Sentiment: Financial and market commentary (Seeking Alpha, Forbes) flag CRWV as a stock to watch amid the sector rotation and recent volatility — useful for trade flow but not a direct fundamental catalyst. Seeking Alpha: 4 stocks to watch
• Negative Sentiment: CoreWeave reported a large Q4 net loss (~$452M) and missed EPS estimates; management’s guidance and a planned $30B+ capex program for 2026 amplify concerns about near‑term cash burn and leverage. These results triggered last week’s steep pullback. Hagens Berman analysis of Q4 loss
• Negative Sentiment: Multiple law firms have filed or are soliciting lead‑plaintiff claims alleging securities fraud tied to the company’s disclosures; numerous deadline reminders (March 13) increase legal overhang and potential settlement risk. Berger Montague class action deadline notice
• Negative Sentiment: Analysts have cut estimates following Q4 and the guidance/capex update (Citi among them), and there are reports of insider selling — elements that can pressure sentiment and increase volatility. Citi lowers estimates

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CRWV shares. Loop Capital cut their price target on CoreWeave from $165.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, November 12th. Evercore lowered their price objective on CoreWeave from $175.00 to $160.00 and set an “outperform” rating for the company in a research report on Tuesday, November 11th. DA Davidson raised their target price on shares of CoreWeave from $110.00 to $125.00 and gave the company a “buy” rating in a report on Friday, February 27th. Barclays lowered their price target on shares of CoreWeave from $120.00 to $90.00 and set an “equal weight” rating for the company in a report on Monday, January 12th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $110.00 price objective on shares of CoreWeave in a research report on Tuesday, November 11th. Seventeen research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, CoreWeave has a consensus rating of “Moderate Buy” and an average price target of $124.03.

CoreWeave Stock Up 7.8%

The firm’s 50 day simple moving average is $88.61 and its 200-day simple moving average is $99.15. The company has a market cap of $30.72 billion and a price-to-earnings ratio of -24.84. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.49 and a quick ratio of 0.49.

CoreWeave (NASDAQ:CRWV) last posted its earnings results on Thursday, February 26th. The company reported ($0.89) earnings per share for the quarter, missing the consensus estimate of ($0.61) by ($0.28). The firm had revenue of $1.57 billion during the quarter. CoreWeave had a negative net margin of 22.75% and a negative return on equity of 35.39%. The firm’s quarterly revenue was up 110.4% compared to the same quarter last year.

Insiders Place Their Bets

In related news, EVP Chen Goldberg sold 18,950 shares of the stock in a transaction on Friday, February 20th. The shares were sold at an average price of $90.84, for a total transaction of $1,721,418.00. Following the completion of the sale, the executive vice president owned 58,689 shares in the company, valued at $5,331,308.76. This represents a 24.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeff Baker sold 2,374 shares of the firm’s stock in a transaction on Friday, February 20th. The stock was sold at an average price of $90.83, for a total transaction of $215,630.42. Following the transaction, the insider directly owned 41,275 shares in the company, valued at $3,749,008.25. The trade was a 5.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 4,336,165 shares of company stock valued at $372,860,338.

Hedge Funds Weigh In On CoreWeave

A number of hedge funds and other institutional investors have recently made changes to their positions in CRWV. Hazlett Burt & Watson Inc. lifted its position in CoreWeave by 34.7% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 462 shares of the company’s stock worth $33,000 after acquiring an additional 119 shares during the period. Chilton Capital Management LLC lifted its holdings in shares of CoreWeave by 50.2% during the third quarter. Chilton Capital Management LLC now owns 362 shares of the company’s stock worth $50,000 after purchasing an additional 121 shares during the period. Cullen Frost Bankers Inc. grew its position in CoreWeave by 45.8% in the 4th quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock valued at $28,000 after buying an additional 121 shares during the last quarter. Family Legacy Financial Solutions LLC grew its position in CoreWeave by 166.7% in the 3rd quarter. Family Legacy Financial Solutions LLC now owns 200 shares of the company’s stock valued at $27,000 after buying an additional 125 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its stake in CoreWeave by 26.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 600 shares of the company’s stock valued at $43,000 after buying an additional 125 shares during the period.

About CoreWeave

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.