CoreWeave (NASDAQ:CRWV) Shares Gap Up – What’s Next?

CoreWeave Inc. (NASDAQ:CRWV)’s share price gapped up before the market opened 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 changing hands.

More CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave announced it will join the Department of Energy’s Genesis Mission — a high‑profile government program pairing AI and supercomputing for national research and energy innovation. That contract/partnership news is the primary catalyst cited across outlets for the rally. BusinessWire: CoreWeave Joins DOE Genesis
• Positive Sentiment: Citi reaffirmed a Buy on CRWV (new $135 price target), and other brokerage/independent upgrades (including bullish writeups and “Strong Buy” pieces) amplified demand by framing CoreWeave as a beneficiary of surging AI compute demand and large contract backlog. Analyst optimism likely fed short‑covering and fresh buying. Yahoo Finance: Citi Buy
• Positive Sentiment: Fundamental bulls point to very strong revenue/backlog growth (Q3 revenue +~134% YoY; reported backlog cited at ~$55.6B) and long‑dated take‑or‑pay contracts that raise revenue visibility — arguments repeated in upgrade coverage. That narrative supports re-rating despite past volatility. Seeking Alpha: Screaming Buy
• Neutral Sentiment: Technical and options commentary is intensifying: chart analysts are highlighting new support/resistance levels and volume nodes — this elevates short‑term momentum trading and may increase intraday volatility (technical videos and options corner pieces noted). YouTube: Options Corner: CRWV Technical Trends
• Neutral Sentiment: Heavy media attention (TV commentators and social buzz) is driving FOMO; that amplifies flows but doesn’t change core fundamentals — good for momentum, ambiguous for long‑term valuation. YouTube: DOE Partnership Powers CRWV Comeback Rally
• Negative Sentiment: Insider selling: CFO Nitin Agrawal disclosed a sale of 36,317 shares (~$2.5M) and other insiders have reduced holdings recently — investors often view clustered insider sales as a caution signal even when the company posts strong growth. SEC Form 4
• Negative Sentiment: Balance‑sheet and execution risks remain a meaningful counterweight: analysts and pieces warning about high leverage, heavy CapEx and supply‑chain pressure (and a ~50% pullback from recent highs cited by some outlets) argue the stock remains vulnerable if growth or margins slip. These concerns limit how far and how fast multiple expansion can run. Zacks: CRWV Crash Analysis Fool: Growth vs Leverage Risk

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Melius raised shares of CoreWeave from a “hold” rating to a “buy” rating and set a $165.00 price objective on the stock in a research report on Tuesday, September 23rd. Raymond James Financial began coverage on shares of CoreWeave in a report on Monday, September 15th. They set an “outperform” rating and a $130.00 price target on the stock. Loop Capital decreased 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. Cantor Fitzgerald reissued an “overweight” rating and set a $174.00 target price on shares of CoreWeave in a research report on Wednesday, November 5th. Finally, Mizuho set a $92.00 price target on CoreWeave in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, CoreWeave has a consensus rating of “Hold” and a consensus target price of $127.70.

CoreWeave Stock Up 22.6%

The stock has a market cap of $32.07 billion and a P/E ratio of -57.24. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 2.66. The firm’s fifty day moving average is $98.57 and its 200 day moving average is $118.21.

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

Insiders Place Their Bets

In other news, insider Brian M. Venturo sold 281,250 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $87.75, for a total transaction of $24,679,687.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brannin Mcbee sold 500 shares of the stock in a transaction that occurred on Monday, December 15th. The shares were sold at an average price of $73.68, for a total value of $36,840.00. Following the completion of the sale, the insider directly owned 58,500 shares of the company’s stock, valued at $4,310,280. This represents a 0.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 21,438,483 shares of company stock worth $2,867,073,366.

Institutional Trading of CoreWeave

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Proficio Capital Partners LLC lifted its stake in shares of CoreWeave by 446,194.0% in 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 buying an additional 17,847,760 shares during the period. Vanguard Group Inc. raised its holdings in CoreWeave by 109.7% in the 3rd quarter. Vanguard Group Inc. now owns 7,433,501 shares of the company’s stock valued at $1,017,275,000 after acquiring an additional 3,888,164 shares in the last quarter. Invesco Ltd. lifted its position in shares of CoreWeave by 55,329.7% in 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 period. Clear Street Group Inc. bought a new stake in shares of CoreWeave in the 3rd quarter worth approximately $405,199,000. Finally, Lavaca Capital LLC acquired a new stake in shares of CoreWeave during the 3rd quarter worth approximately $273,700,000.

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.