On August 14, CoreWeave, Inc. rose 3.34% in regular trading, trading at approximately $109.655/share, with turnover of $4.32 billion. The rally extends the post-earnings momentum as multiple investment banks raised their target prices and the options market showed concentrated bullish activity.
On the catalyst front, Truist raised its target price to $155 maintaining a Buy rating, while Morgan Stanley highlighted a record single-quarter addition of 500MW capacity. In the options market, two institutional-sized in-the-money call orders totaling over $5 million were actively purchased on far-dated contracts, with a Call/Put volume ratio of 1.85, indicating clearly bullish sentiment dominated by aggressive call buying with no meaningful bearish hedging observed.
The move builds on the company's Q2 earnings released earlier this week, which showed revenue of $2.575 billion, up 112% year-over-year and above expectations. Full-year revenue guidance was raised to $12.4-13.2 billion, with backlog reaching approximately $104 billion. Notably, CEO Michael Intrator sold 215,440 shares on August 11 under a pre-established 10b5-1 plan, though this has not dampened the broader bullish momentum.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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