CoreWeave Sees Unusually High Options Volume (NASDAQ:CRWV)

CoreWeave Inc. (NASDAQ:CRWV) was the target of some unusual options trading on Monday. Stock traders acquired 289,821 call options on the stock. This represents an increase of approximately 30% compared to the average volume of 222,293 call options.

Analysts Set New Price Targets

A number of research analysts have commented on the company. BNP Paribas Exane assumed coverage on CoreWeave in a report on Tuesday. They issued an “outperform” rating and a $192.00 price objective on the stock. Truist Financial raised their target price on CoreWeave from $85.00 to $131.00 and gave the stock a “hold” rating in a research note on Friday, May 8th. Oppenheimer increased their price target on CoreWeave from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. JPMorgan Chase & Co. raised their target price on CoreWeave from $90.00 to $105.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Finally, Cantor Fitzgerald increased their price target on CoreWeave from $156.00 to $167.00 and gave the company an “overweight” rating in a research report on Monday, May 11th. Twenty research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $131.52.

Insider Transactions at CoreWeave

In other CoreWeave news, CFO Nitin Agrawal sold 5,508 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $102.17, for a total transaction of $562,752.36. Following the transaction, the chief financial officer owned 193,771 shares of the company’s stock, valued at $19,797,583.07. The trade was a 2.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brian M. Venturo sold 76,924 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $102.33, for a total value of $7,871,632.92. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 27,251,625 shares of company stock worth $3,050,362,770.

Institutional Investors Weigh In On CoreWeave

Several large investors have recently added to or reduced their stakes in CRWV. Cornerstone Planning Group LLC lifted its stake in shares of CoreWeave by 272.8% in the 4th quarter. Cornerstone Planning Group LLC now owns 343 shares of the company’s stock valued at $25,000 after acquiring an additional 251 shares during the last quarter. KERR FINANCIAL PLANNING Corp bought a new stake in shares of CoreWeave in the 3rd quarter valued at about $27,000. Aspect Partners LLC bought a new stake in shares of CoreWeave in the 3rd quarter valued at about $28,000. Cullen Frost Bankers Inc. lifted its stake in shares of 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 acquiring an additional 121 shares during the last quarter. Finally, Greenline Wealth Management LLC purchased a new position in CoreWeave during the 4th quarter valued at about $28,000.

CoreWeave Price Performance

Shares of NASDAQ CRWV opened at $119.27 on Wednesday. The stock has a market cap of $53.38 billion, a PE ratio of -38.35 and a beta of 7.14. CoreWeave has a fifty-two week low of $63.80 and a fifty-two week high of $187.00. The stock has a fifty day moving average of $103.51 and a 200-day moving average of $90.78. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.31 and a current ratio of 0.31.

CoreWeave (NASDAQ:CRWV) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($1.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.17) by ($0.23). The business had revenue of $2.08 billion for the quarter. CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. The business’s revenue for the quarter was up 111.6% compared to the same quarter last year. During the same period last year, the company earned ($0.60) earnings per share. Equities research analysts anticipate that CoreWeave will post -4.57 earnings per share for the current year.

Key CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: BNP Paribas started coverage with bullish views, adding analyst support and helping reinforce the market’s positive stance on CoreWeave’s growth prospects. CoreWeave rises after BNP Paribas starts coverage with bullish views
• Positive Sentiment: CoreWeave announced it is the first AI cloud provider to bring up and fully validate NVIDIA’s Vera Rubin NVL72 system, a milestone that strengthens its AI infrastructure credibility and may help win more enterprise workloads. CoreWeave Completes Industry-First Bring-Up and Validation of NVIDIA Vera Rubin NVL72
• Positive Sentiment: Continued AI sector momentum and heavy call-option buying suggest traders are positioning for more upside in CRWV. CoreWeave Stock Continues To Climb: What’s Driving The Momentum?
• Neutral Sentiment: Some commentary says CoreWeave still screens as a “wait-and-see” setup over the next 12 months, with valuation around a reference value near $138.56, suggesting upside may depend on execution rather than current hype. Buy, Hold, or Sell: Is CoreWeave a Multibagger in the Making, or an AI Infrastructure Debt Trap?
• Negative Sentiment: Recent insider selling by the COO, CFO, and another executive may temper enthusiasm somewhat, even if the amounts were not large enough on their own to drive the stock. CoreWeave (NASDAQ:CRWV) CFO Sells $562,752.36 in Stock

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.