CoreWeave (NASDAQ:CRWV) Upgraded by HC Wainwright to “Buy” Rating

HC Wainwright upgraded shares of CoreWeave (NASDAQ:CRWV) from a neutral rating to a buy rating in a report published on Thursday morning, MarketBeat.com reports. They currently have $180.00 price objective on the stock.

Several other research firms have also weighed in on CRWV. Arete initiated coverage on shares of CoreWeave in a research report on Thursday, June 5th. They set a “neutral” rating and a $130.00 price objective for the company. Morgan Stanley boosted their price objective on CoreWeave from $58.00 to $91.00 and gave the stock an “equal weight” rating in a report on Thursday, July 31st. Northland Capmk upgraded shares of CoreWeave to a “strong-buy” rating in a report on Tuesday, May 13th. HSBC initiated coverage on shares of CoreWeave in a research report on Wednesday, July 16th. They issued a “reduce” rating and a $32.00 target price on the stock. Finally, DA Davidson restated an “underperform” rating and issued a $36.00 price target on shares of CoreWeave in a research report on Tuesday, June 10th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $107.05.

CoreWeave Stock Performance

Shares of CRWV stock opened at $90.79 on Thursday. CoreWeave has a 52 week low of $33.51 and a 52 week high of $187.00. The company has a debt-to-equity ratio of 2.79, a current ratio of 0.52 and a quick ratio of 0.52. The company has a 50 day moving average of $134.78.

CoreWeave (NASDAQ:CRWV) last announced its quarterly earnings results on Tuesday, August 12th. The company reported ($0.27) earnings per share (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 company’s revenue for the quarter 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 news, Director Jack D. Cogen sold 1,000,000 shares of the firm’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $100.20, for a total transaction of $100,200,000.00. Following the completion of the transaction, the director directly owned 13,441,680 shares of the company’s stock, valued at approximately $1,346,856,336. This trade represents a 6.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Magnetar Financial Llc sold 915,382 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $100.15, for a total value of $91,675,507.30. Following the completion of the sale, the insider owned 397,757 shares in the company, valued at approximately $39,835,363.55. This represents a 69.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,090,064 shares of company stock worth $304,591,209.

Institutional Investors Weigh In On CoreWeave

A number of hedge funds and other institutional investors have recently bought and sold shares of CRWV. Chelsea Counsel Co. acquired a new position in CoreWeave during the 2nd quarter worth about $33,000. Archer Investment Corp bought a new stake in shares of CoreWeave during the 2nd quarter valued at $34,000. Chilton Capital Management LLC acquired a new position in shares of CoreWeave in the 2nd quarter valued at $39,000. Montag A & Associates Inc. bought a new position in shares of CoreWeave in the 2nd quarter worth $49,000. Finally, TD Waterhouse Canada Inc. acquired a new position in shares of CoreWeave during the 2nd quarter worth about $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.