Moffett Nathanson Issues Positive Forecast for CoreWeave (NASDAQ:CRWV) Stock Price

CoreWeave (NASDAQ:CRWV) had its target price hoisted by Moffett Nathanson from $56.00 to $65.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities analysts have also weighed in on CRWV. Macquarie lifted their price objective on CoreWeave from $65.00 to $115.00 and gave the company a “neutral” rating in a research note on Wednesday, August 13th. Barclays lifted their price target on CoreWeave from $100.00 to $140.00 and gave the company an “equal weight” rating in a research report on Monday, July 21st. JMP Securities initiated coverage on CoreWeave in a research report on Thursday, May 22nd. They issued a “market perform” rating on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of CoreWeave in a report on Wednesday, August 13th. Finally, Citigroup raised shares of CoreWeave from a “neutral” rating to a “buy” rating and set a $160.00 target price on the stock in a research note on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eighteen have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, CoreWeave currently has a consensus rating of “Hold” and an average price target of $100.90.

CoreWeave Price Performance

CRWV opened at $92.89 on Tuesday. CoreWeave has a 12-month low of $33.51 and a 12-month high of $187.00. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 2.79. The stock’s 50 day simple moving average is $137.10.

CoreWeave (NASDAQ:CRWV) last released its quarterly earnings data on Tuesday, August 12th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.07). The firm had revenue of $1.21 million for the quarter. The firm’s revenue was up 206.7% compared to the same quarter last year. CoreWeave has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

Insider Activity

In other CoreWeave news, major shareholder Magnetar Financial Llc sold 915,382 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $100.15, for a total transaction of $91,675,507.30. Following the completion of the sale, the insider directly owned 397,757 shares in the company, valued at approximately $39,835,363.55. The trade was a 69.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jack D. Cogen sold 3,000,000 shares of the stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $90.55, for a total value of $271,650,000.00. Following the transaction, the director directly owned 654,200 shares of the company’s stock, valued at $59,237,810. The trade was a 82.10% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,465,064 shares of company stock valued at $518,922,459.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Chelsea Counsel Co. purchased a new stake in shares of CoreWeave during the second quarter worth $33,000. Archer Investment Corp purchased a new stake in CoreWeave during the 2nd quarter valued at about $34,000. Chilton Capital Management LLC acquired a new stake in CoreWeave in the 2nd quarter valued at about $39,000. Montag A & Associates Inc. purchased a new position in CoreWeave in the 2nd quarter worth approximately $49,000. Finally, TD Waterhouse Canada Inc. acquired a new position in shares of CoreWeave during the 2nd quarter worth approximately $47,000.

CoreWeave Company Profile

CoreWeave, Inc engages in the powers of the creation and delivery of the intelligence that drives innovation. It offers a solution used by organizations of all sizes that require sophisticated AI computing, from the largest of enterprises to small, well-funded start-ups. The company was founded by Michael Intrator, Brian Venturo, and Brannin McBee on September 21, 2017 and is headquartered in Livingston, NJ.