CoreWeave (NASDAQ:CRWV) Price Target Lowered to $90.00 at Barclays

CoreWeave (NASDAQ:CRWV) had its price objective trimmed by Barclays from $120.00 to $90.00 in a report released on Tuesday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

Several other research firms have also weighed in on CRWV. Truist Financial lifted their price objective on CoreWeave from $85.00 to $131.00 and gave the company a “hold” rating in a research note on Friday, May 8th. Wells Fargo & Company increased their target price on shares of CoreWeave from $135.00 to $155.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Rosenblatt Securities restated a “buy” rating and issued a $250.00 price target on shares of CoreWeave in a report on Thursday, July 2nd. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $167.00 price target on shares of CoreWeave in a research report on Thursday, June 11th. Finally, Evercore reiterated an “outperform” rating and set a $150.00 price objective on shares of CoreWeave in a research note on Wednesday, April 15th. Twenty analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $136.25.

CoreWeave Trading Up 8.9%

Shares of CRWV opened at $79.58 on Tuesday. CoreWeave has a twelve month low of $63.80 and a twelve month high of $153.20. The firm has a market capitalization of $35.62 billion, a P/E ratio of -25.59 and a beta of 7.17. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 3.68. The stock’s fifty day simple moving average is $98.99 and its 200 day simple moving average is $95.38.

CoreWeave (NASDAQ:CRWV) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($1.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.17) by ($0.23). The firm had revenue of $2.08 billion for the quarter. CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. The company’s revenue for the quarter was up 111.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.60) earnings per share. On average, equities research analysts forecast that CoreWeave will post -4.57 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Jack D. Cogen sold 986,540 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $107.80, for a total value of $106,349,012.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Magnetar Financial Llc sold 1,284,876 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $119.91, for a total value of $154,069,481.16. Following the sale, the insider owned 264,061 shares of the company’s stock, valued at approximately $31,663,554.51. This trade represents a 82.95% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 17,369,029 shares of company stock worth $2,019,468,133. 24.20% of the stock is currently owned by corporate insiders.

Institutional Trading of CoreWeave

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in CoreWeave by 275.6% during the 4th quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company’s stock valued at $1,999,421,000 after acquiring an additional 20,487,478 shares during the last quarter. Proficio Capital Partners LLC increased its position in shares of CoreWeave by 446,194.0% in the 3rd quarter. Proficio Capital Partners LLC now owns 17,851,760 shares of the company’s stock worth $2,443,013,000 after purchasing an additional 17,847,760 shares during the last quarter. Deutsche Bank AG increased its position in shares of CoreWeave by 22,624.0% in the 4th quarter. Deutsche Bank AG now owns 3,812,856 shares of the company’s stock worth $273,039,000 after purchasing an additional 3,796,077 shares during the last quarter. Altimeter Capital Management LP acquired a new stake in shares of CoreWeave in the 4th quarter valued at about $230,099,000. Finally, Alyeska Investment Group L.P. raised its stake in shares of CoreWeave by 300.0% in the 4th 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 in the last quarter.

Key Headlines Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Truist upgraded CoreWeave (CRWV) to Buy, adding to the bullish case that the stock’s recent pullback may be creating an entry point for investors. CoreWeave upgraded to buy at Truist
• Positive Sentiment: Broad strength across AI cloud names helped sentiment, with reports noting CoreWeave was among the beneficiaries as investors bid up infrastructure plays tied to surging AI demand. Nebius Explodes 16% Higher…
• Positive Sentiment: Several pieces argued that CoreWeave could still have meaningful upside if it successfully scales power capacity and monetizes strong GPU-cloud demand, reinforcing the growth narrative around the stock. CoreWeave Inc. Receives $139.69 Consensus PT from Brokerages

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.