CoreWeave (NASDAQ:CRWV) Shares Gap Up After Analyst Upgrade

CoreWeave Inc. (NASDAQ:CRWV)’s stock price gapped up prior to trading on Tuesday after Macquarie raised their price target on the stock from $115.00 to $140.00. The stock had previously closed at $122.52, but opened at $136.21. Macquarie currently has a neutral rating on the stock. CoreWeave shares last traded at $140.42, with a volume of 24,392,023 shares traded.

Several other research analysts have also commented on CRWV. Mizuho restated a “neutral” rating and set a $150.00 price target (up previously from $70.00) on shares of CoreWeave in a research note on Tuesday, July 8th. Stifel Nicolaus increased their target price on shares of CoreWeave from $115.00 to $120.00 and gave the stock a “hold” rating in a research report on Wednesday, August 13th. Melius upgraded CoreWeave from a “hold” rating to a “buy” rating and set a $165.00 target price on the stock in a report on Tuesday, September 23rd. Loop Capital began coverage on CoreWeave in a research note on Friday, September 19th. They set a “buy” rating and a $165.00 price target for the company. Finally, Bank of America lowered their price objective on CoreWeave from $185.00 to $168.00 and set a “neutral” rating on the stock in a report on Wednesday, August 13th. Two research 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 given a Sell rating to the stock. According to data from MarketBeat.com, CoreWeave presently has a consensus rating of “Moderate Buy” and a consensus price target of $127.64.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Chelsea Counsel Co. bought a new stake in shares of CoreWeave in the second quarter valued at approximately $33,000. Archer Investment Corp bought a new position in CoreWeave during the second quarter worth $34,000. Chilton Capital Management LLC acquired a new position in CoreWeave during the 2nd quarter valued at $39,000. TD Waterhouse Canada Inc. bought a new stake in CoreWeave in the 2nd quarter valued at $47,000. Finally, Montag A & Associates Inc. bought a new stake in CoreWeave in the 2nd quarter valued at $49,000.

CoreWeave Stock Up 11.7%

The stock has a 50-day simple moving average of $110.95. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 2.79.

CoreWeave (NASDAQ:CRWV) last announced its quarterly earnings data on Tuesday, August 12th. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates 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.

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.