CoreWeave (NASDAQ:CRWV) Now Covered by Evercore ISI

Evercore ISI began coverage on shares of CoreWeave (NASDAQ:CRWV) in a report issued on Tuesday morning, MarketBeat Ratings reports. The brokerage issued an outperform rating and a $175.00 target price on the stock.

Several other research analysts have also issued reports on CRWV. Melius Research set a $165.00 target price on CoreWeave and gave the stock a “buy” rating in a research report on Tuesday, September 23rd. JMP Securities raised CoreWeave from a “market perform” rating to a “market outperform” rating and set a $180.00 target price for the company in a research report on Tuesday, September 16th. Hsbc Global Res raised CoreWeave to a “moderate sell” rating in a research report on Thursday, July 17th. Stifel Nicolaus increased their target price on CoreWeave from $115.00 to $120.00 and gave the stock a “hold” rating in a research report on Wednesday, August 13th. Finally, Loop Capital initiated coverage on CoreWeave in a research report on Friday, September 19th. They issued a “buy” rating and a $165.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, CoreWeave currently has a consensus rating of “Moderate Buy” and a consensus target price of $127.64.

CoreWeave Stock Performance

Shares of NASDAQ CRWV opened at $136.85 on Tuesday. 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 50-day simple moving average of $110.95. CoreWeave has a twelve month low of $33.51 and a twelve month high of $187.00.

CoreWeave (NASDAQ:CRWV) last posted its quarterly earnings data on Tuesday, August 12th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.07). The firm had revenue of $1.21 million during the quarter. The firm’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.

Insider Buying and Selling

In related news, Director Jack D. Cogen sold 1,112,004 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $94.69, for a total transaction of $105,295,658.76. Following the completion of the transaction, the director owned 12,329,676 shares of the company’s stock, valued at $1,167,497,020.44. This trade represents a 8.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Magnetar Financial Llc sold 1,451,063 shares of the firm’s stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $125.60, for a total value of $182,253,512.80. Following the transaction, the insider directly owned 363,631 shares of the company’s stock, valued at approximately $45,672,053.60. This trade represents a 79.96% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,928,066 shares of company stock valued at $2,247,880,573.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CRWV. Costello Asset Management INC increased its holdings in shares of CoreWeave by 33.3% in the 2nd quarter. Costello Asset Management INC now owns 400 shares of the company’s stock worth $65,000 after purchasing an additional 100 shares in the last quarter. Chelsea Counsel Co. bought a new stake in shares of CoreWeave in the 2nd quarter worth $33,000. Archer Investment Corp bought a new stake in shares of CoreWeave in the 2nd quarter worth $34,000. Chilton Capital Management LLC bought a new stake in shares of CoreWeave in the 2nd quarter worth $39,000. Finally, SOA Wealth Advisors LLC. increased its holdings in shares of CoreWeave by 275.0% in the 2nd quarter. SOA Wealth Advisors LLC. now owns 375 shares of the company’s stock worth $61,000 after purchasing an additional 275 shares in the last quarter.

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.