CoreWeave (NASDAQ:CRWV) Trading Up 1.8% on Analyst Upgrade

CoreWeave Inc. (NASDAQ:CRWV)’s share price was up 1.8% during mid-day trading on Monday after Macquarie raised their price target on the stock from $115.00 to $140.00. Macquarie currently has a neutral rating on the stock. CoreWeave traded as high as $126.50 and last traded at $122.52. Approximately 22,421,365 shares changed hands during trading, an increase of 0% from the average daily volume of 22,415,975 shares. The stock had previously closed at $120.34.

Other equities analysts have also issued research reports about the stock. Stifel Nicolaus boosted their price target on shares of CoreWeave from $115.00 to $120.00 and gave the company a “hold” rating in a report on Wednesday, August 13th. HSBC began coverage on CoreWeave in a research note on Wednesday, July 16th. They issued a “reduce” rating and a $32.00 target price for the company. Wells Fargo & Company raised CoreWeave from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $105.00 to $170.00 in a research report on Tuesday, September 23rd. DA Davidson reiterated an “underperform” rating and set a $36.00 price objective on shares of CoreWeave in a report on Tuesday, June 10th. Finally, Needham & Company LLC reissued a “hold” rating on shares of CoreWeave in a research note on Wednesday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $125.89.

Insider Transactions at CoreWeave

In other CoreWeave news, insider Brannin Mcbee sold 250,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $131.83, for a total value of $32,957,500.00. Following the sale, the insider owned 121,965 shares in the company, valued at approximately $16,078,645.95. The trade was a 67.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Magnetar Financial Llc sold 185,627 shares of the firm’s stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $136.38, for a total transaction of $25,315,810.26. Following the transaction, the insider directly owned 1,039,327 shares of the company’s stock, valued at $141,743,416.26. This represents a 15.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,928,066 shares of company stock worth $2,247,880,573 in 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. Chelsea Counsel Co. acquired a new position in shares of CoreWeave during the 2nd quarter worth about $33,000. Archer Investment Corp acquired a new position in CoreWeave during the second quarter valued at approximately $34,000. Chilton Capital Management LLC bought a new position in CoreWeave in the second quarter valued at approximately $39,000. TD Waterhouse Canada Inc. acquired a new position in shares of CoreWeave during the 2nd quarter worth approximately $47,000. Finally, Montag A & Associates Inc. bought a new stake in shares of CoreWeave during the 2nd quarter worth approximately $49,000.

CoreWeave Stock Up 1.8%

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 company’s fifty day moving average is $110.81.

CoreWeave (NASDAQ:CRWV) last posted 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 business had revenue of $1.21 million for the quarter. The company’s quarterly 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.

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.