CoreWeave (NASDAQ:CRWV) Shares Gap Up – Should You Buy?

CoreWeave Inc. (NASDAQ:CRWV) gapped up prior to trading on Thursday . The stock had previously closed at $101.28, but opened at $106.56. CoreWeave shares last traded at $105.3180, with a volume of 7,839,287 shares traded.

Key Stories Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave is expanding its enterprise business, with financial services emerging as an early customer segment. That suggests the company may be broadening revenue beyond pure AI infrastructure demand. CoreWeave Building Up Enterprise Business, Led By Financial Services
• Positive Sentiment: CoreWeave launched an HPC infrastructure-backed loan facility, which could improve financing flexibility as it continues to fund data center and GPU expansion. CoreWeave Launches Pioneering HPC Infrastructure-Backed Loan Facility
• Neutral Sentiment: Some market commentary still argues the stock may be undervalued, but that view is being offset by questions around leverage, capital intensity, and profitability. Why CoreWeave Still Looks Undervalued
• Neutral Sentiment: CoreWeave’s investor presentation at the J.P. Morgan technology conference keeps the company in focus as traders look for updates on demand trends, financing, and growth strategy. CoreWeave, Inc. (CRWV) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Transcript
• Negative Sentiment: Insider Brian Venturo sold 375,000 shares in a pre-arranged plan, a headline that can weigh on sentiment even if it was not discretionary selling. Brian Venturo Sells 375,000 Shares of CoreWeave (NASDAQ:CRWV) Stock
• Negative Sentiment: Traders are betting against CoreWeave despite its rapid growth, reflecting skepticism that the company can sustain its momentum and justify its premium valuation. Traders bet against CoreWeave, Nebius, IREN stocks despite strong growth

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Mizuho increased their price objective on CoreWeave from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Barclays increased their price objective on CoreWeave from $106.00 to $120.00 and gave the stock an “equal weight” rating in a report on Monday, May 11th. DA Davidson reiterated a “neutral” rating and issued a $100.00 price objective (down from $175.00) on shares of CoreWeave in a report on Monday. Citizens Jmp reiterated a “market outperform” rating and issued a $180.00 price objective on shares of CoreWeave in a report on Friday, February 27th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $135.00 price objective on shares of CoreWeave in a report on Friday, May 8th. Nineteen investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, CoreWeave has a consensus rating of “Moderate Buy” and a consensus target price of $129.63.

CoreWeave Stock Up 6.7%

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 stock has a market capitalization of $48.36 billion, a PE ratio of -34.60 and a beta of 7.84. The company’s fifty day moving average price is $99.10 and its 200-day moving average price is $90.96.

CoreWeave (NASDAQ:CRWV) last posted its quarterly 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). CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.The company had revenue of $1.57 billion during the quarter. The company’s quarterly revenue was up 110.4% on a year-over-year basis. Analysts forecast that CoreWeave Inc. will post -4.15 earnings per share for the current year.

Insiders Place Their Bets

In other CoreWeave news, insider Jeff Baker sold 42,515 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $113.94, for a total value of $4,844,159.10. Following the sale, the insider directly owned 14 shares of the company’s stock, valued at approximately $1,595.16. The trade was a 99.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael N. Intrator sold 200,000 shares of the business’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $105.67, for a total value of $21,134,000.00. Following the completion of the sale, the chief executive officer directly owned 4,466,501 shares in the company, valued at $471,975,160.67. This trade represents a 4.29% decrease in their ownership of the stock. 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. In the last ninety days, insiders sold 24,802,381 shares of company stock valued at $2,783,296,673.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CRWV. Vanguard Group Inc. increased its position in CoreWeave by 275.6% during the fourth quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company’s stock valued at $1,999,421,000 after acquiring an additional 20,487,478 shares during the last quarter. Proficio Capital Partners LLC increased its position in CoreWeave by 446,194.0% during the third quarter. Proficio Capital Partners LLC now owns 17,851,760 shares of the company’s stock valued at $2,443,013,000 after acquiring an additional 17,847,760 shares during the last quarter. Deutsche Bank AG increased its position in CoreWeave by 22,624.0% during the fourth quarter. Deutsche Bank AG now owns 3,812,856 shares of the company’s stock valued at $273,039,000 after acquiring an additional 3,796,077 shares during the last quarter. Altimeter Capital Management LP purchased a new stake in CoreWeave during the fourth quarter valued at $230,099,000. Finally, Alyeska Investment Group L.P. increased its position in CoreWeave by 300.0% during the fourth quarter. Alyeska Investment Group L.P. now owns 4,000,000 shares of the company’s stock valued at $286,440,000 after acquiring an additional 3,000,000 shares during the last quarter.

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.