CoreWeave (NASDAQ:CRWV) Trading 1.9% Higher Following Analyst Upgrade

CoreWeave Inc. (NASDAQ:CRWV) shares traded up 1.9% during trading on Wednesday after Melius Research upgraded the stock from a hold rating to a buy rating. Melius Research now has a $165.00 price target on the stock, up from their previous price target of $128.00. CoreWeave traded as high as $133.80 and last traded at $133.40. 26,156,834 shares traded hands during mid-day trading, an increase of 18% from the average session volume of 22,137,129 shares. The stock had previously closed at $130.89.

A number of other equities analysts also recently weighed in on the stock. Hsbc Global Res raised shares of CoreWeave to a “moderate sell” rating in a research note on Thursday, July 17th. Citigroup raised shares of CoreWeave from a “neutral” rating to a “buy” rating and set a $160.00 target price for the company in a research note on Thursday, July 31st. Macquarie raised their target price on shares of CoreWeave from $65.00 to $115.00 and gave the company a “neutral” rating in a research note on Wednesday, August 13th. HC Wainwright raised shares of CoreWeave from a “neutral” rating to a “buy” rating and set a $180.00 target price for the company in a research note on Thursday, August 21st. Finally, Arete raised shares of CoreWeave from a “neutral” rating to a “buy” rating and set a $180.00 target price for the company in a research note on Thursday, August 21st. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $124.96.

Insider Activity at CoreWeave

In related news, insider Brian M. Venturo sold 281,250 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $118.68, for a total transaction of $33,378,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kristen J. Mcveety sold 95,000 shares of the firm’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $126.86, for a total transaction of $12,051,700.00. The disclosure for this sale can be found here. Insiders sold 17,921,137 shares of company stock valued at $1,977,533,865 over the last 90 days.

Institutional Investors Weigh In On CoreWeave

Several institutional investors and hedge funds have recently added to or reduced their stakes in CRWV. Cisco Systems Inc. purchased a new stake in CoreWeave in the second quarter worth approximately $173,493,000. Geode Capital Management LLC boosted its holdings in CoreWeave by 142.6% in the second quarter. Geode Capital Management LLC now owns 716,178 shares of the company’s stock worth $116,809,000 after purchasing an additional 420,915 shares during the last quarter. Lmdagg L.L.C. purchased a new stake in CoreWeave in the second quarter worth approximately $48,030,000. Sivia Capital Partners LLC purchased a new stake in CoreWeave in the second quarter worth approximately $39,824,000. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new stake in CoreWeave in the second quarter worth approximately $34,284,000.

CoreWeave Price Performance

The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.52 and a current ratio of 0.52. The business has a fifty day moving average of $111.02.

CoreWeave (NASDAQ:CRWV) last issued its 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 company had revenue of $1.21 million for the quarter. CoreWeave’s revenue was up 206.7% on a year-over-year basis. CoreWeave has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

About CoreWeave

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.