CoreWeave Inc. (NASDAQ:CRWV) Given Consensus Rating of “Moderate Buy” by Analysts

CoreWeave Inc. (NASDAQ:CRWV) has been given an average rating of “Moderate Buy” by the thirty-two brokerages that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, eleven have issued a hold recommendation and nineteen have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $121.0645.

Several equities research analysts have recently commented on CRWV shares. Cantor Fitzgerald reiterated an “overweight” rating and set a $131.00 price target on shares of CoreWeave in a research report on Friday, February 27th. Roth Mkm reiterated a “buy” rating on shares of CoreWeave in a research report on Monday, February 23rd. UBS Group reiterated a “neutral” rating on shares of CoreWeave in a research report on Friday, January 16th. DA Davidson lifted their price target on shares of CoreWeave from $110.00 to $125.00 and gave the stock a “buy” rating in a research report on Friday, February 27th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of CoreWeave in a research report on Friday, February 27th.

CoreWeave Stock Down 1.6%

Shares of NASDAQ:CRWV opened at $80.94 on Tuesday. CoreWeave has a one year low of $33.51 and a one year high of $187.00. The company has a 50 day moving average of $86.19 and a 200-day moving average of $95.48. The company has a debt-to-equity ratio of 4.46, a current ratio of 0.46 and a quick ratio of 0.46. The stock has a market cap of $33.92 billion and a price-to-earnings ratio of -25.29.

CoreWeave (NASDAQ:CRWV) last issued its quarterly earnings results on Thursday, February 26th. The company reported ($0.89) EPS for the quarter, missing the consensus estimate of ($0.61) by ($0.28). CoreWeave had a negative return on equity of 33.82% and a negative net margin of 22.75%.The business had revenue of $1.57 billion for the quarter. The firm’s revenue was up 110.4% on a year-over-year basis.

Insider Transactions at CoreWeave

In related news, insider Brannin Mcbee sold 56,031 shares of the business’s stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $74.05, for a total transaction of $4,149,095.55. Following the completion of the transaction, the insider owned 313,732 shares in the company, valued at approximately $23,231,854.60. The trade was a 15.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brian M. Venturo sold 489,802 shares of the business’s stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $80.50, for a total transaction of $39,429,061.00. Following the transaction, the insider owned 285,327 shares of the company’s stock, valued at approximately $22,968,823.50. This represents a 63.19% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 6,211,208 shares of company stock worth $520,614,381 in the last quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in CoreWeave by 275.6% during the fourth quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company’s stock valued at $1,999,421,000 after purchasing an additional 20,487,478 shares during the period. Nvidia Corp grew its holdings in CoreWeave by 0.4% during the second quarter. Nvidia Corp now owns 24,277,573 shares of the company’s stock valued at $3,958,701,000 after purchasing an additional 95,113 shares during the period. Proficio Capital Partners LLC grew its holdings in CoreWeave by 446,194.0% during the third quarter. Proficio Capital Partners LLC now owns 17,851,760 shares of the company’s stock valued at $2,443,013,000 after purchasing an additional 17,847,760 shares during the period. Clear Street Group Inc. grew its holdings in CoreWeave by 57.2% during the fourth quarter. Clear Street Group Inc. now owns 4,653,815 shares of the company’s stock valued at $333,260,000 after purchasing an additional 1,692,916 shares during the period. Finally, Alyeska Investment Group L.P. grew its holdings in CoreWeave by 300.0% during the fourth quarter. Alyeska Investment Group L.P. now owns 4,000,000 shares of the company’s stock valued at $286,440,000 after purchasing an additional 3,000,000 shares during the period.

CoreWeave Company Profile

CoreWeave is a U.S.-based provider of GPU-accelerated cloud infrastructure designed to support compute-intensive workloads such as artificial intelligence, machine learning, visual effects rendering and other high-performance computing applications. The company supplies access to large fleets of modern GPUs and complementary infrastructure that enable customers to train and deploy large models, run inference at scale, and process graphics-heavy workloads with low latency and high throughput.

CoreWeave’s product offering includes on-demand and dedicated GPU instances, bare-metal servers, private clusters and managed services tailored for enterprise and developer use.