CoreWeave (NASDAQ:CRWV) Shares Gap Up – Here’s What Happened

Shares of CoreWeave Inc. (NASDAQ:CRWV) gapped up prior to trading on Friday . The stock had previously closed at $67.68, but opened at $70.86. CoreWeave shares last traded at $75.29, with a volume of 8,335,410 shares trading hands.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave was invited to join the DOE’s Genesis Mission, positioning the firm as a supplier of advanced AI/supercomputing capacity for national research, security and energy initiatives — a clear strategic win for credibility and potential long-term demand. BusinessWire: CoreWeave Joins Genesis Mission
• Positive Sentiment: High-profile buyers are accumulating — Cathie Wood’s funds added CRWV shares this week, which can amplify demand from momentum/ETF flows. MSN: Cathie Wood Keeps Buying
• Positive Sentiment: Bull case pieces argue CoreWeave is oversold relative to revenue growth, backlog and margins — analysts/upgrades citing a strong backlog and attractive forward multiples could support multiple expansion. Seeking Alpha: Oversold Plus Undervalued
• Neutral Sentiment: Citigroup reiterated a “buy” rating but cut its price target substantially (from $192 to $135) — this keeps institutional buy-side support visible but signals a lower near-term valuation ceiling. Tickerreport: Citigroup Reaffirms Buy
• Negative Sentiment: Insider selling has been heavy and recent filings show the CFO and other insiders sold large blocks in mid-December, which raises governance/near-term sentiment concerns for some investors. SEC Form 4: CFO Sale
• Negative Sentiment: Critical coverage highlights elevated leverage and borrowing to fund rapid expansion — debt metrics and low liquidity ratios remain a risk if growth or pricing weakens. Fool: Leverage Concerns
• Negative Sentiment: Bearish/flash-risk pieces warn of market shocks and supply/delivery timing that could pressure near-term results despite a large backlog — keep an eye on guidance and data-center build execution. Seeking Alpha: Sell Warning

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CRWV shares. Loop Capital lowered their price objective on shares of CoreWeave from $165.00 to $120.00 and set a “buy” rating for the company in a report on Wednesday, November 12th. Citigroup reaffirmed a “buy” rating and issued a $135.00 price target (down previously from $192.00) on shares of CoreWeave in a research note on Friday. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $110.00 price objective on shares of CoreWeave in a research report on Tuesday, November 11th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $174.00 target price on shares of CoreWeave in a research report on Wednesday, November 5th. Finally, Melius raised CoreWeave from a “hold” rating to a “buy” rating and set a $165.00 price objective for the company in a research report on Tuesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $127.70.

CoreWeave Stock Performance

The company has a debt-to-equity ratio of 2.66, a current ratio of 0.49 and a quick ratio of 0.49. The company’s fifty day moving average price is $99.68 and its 200 day moving average price is $118.69. The company has a market cap of $31.40 billion and a PE ratio of -56.03.

CoreWeave (NASDAQ:CRWV) last issued its quarterly earnings data on Monday, November 10th. The company reported ($0.22) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.14. The firm had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.28 billion. The company’s revenue for the quarter was up 133.7% on a year-over-year basis. During the same period in the previous year, the company posted ($1.82) earnings per share.

Insiders Place Their Bets

In related news, major shareholder Magnetar Financial Llc sold 1,149,406 shares of the stock in a transaction dated Friday, October 3rd. The shares were sold at an average price of $139.37, for a total transaction of $160,192,714.22. Following the completion of the transaction, the insider owned 341,592 shares in the company, valued at approximately $47,607,677.04. This represents a 77.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 21,356,028 shares of company stock worth $2,861,675,037 in the last three months.

Hedge Funds Weigh In On CoreWeave

Institutional investors and hedge funds have recently bought and sold shares of the company. Nvidia Corp boosted its position in CoreWeave by 0.4% during the second quarter. Nvidia Corp now owns 24,277,573 shares of the company’s stock worth $3,958,701,000 after purchasing an additional 95,113 shares during the period. Proficio Capital Partners LLC increased its stake in CoreWeave by 446,194.0% in the 3rd quarter. Proficio Capital Partners LLC now owns 17,851,760 shares of the company’s stock worth $2,443,013,000 after acquiring an additional 17,847,760 shares during the last quarter. Vanguard Group Inc. raised its stake in CoreWeave by 109.7% in the third quarter. Vanguard Group Inc. now owns 7,433,501 shares of the company’s stock valued at $1,017,275,000 after purchasing an additional 3,888,164 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of CoreWeave by 55,329.7% during the 3rd quarter. Invesco Ltd. now owns 2,999,300 shares of the company’s stock worth $410,454,000 after acquiring an additional 2,993,889 shares during the last quarter. Finally, Clear Street Group Inc. bought a new stake in CoreWeave during the third quarter worth about $405,199,000.

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.