CoreWeave (NASDAQ:CRWV) Upgraded at Robert W. Baird

Robert W. Baird upgraded shares of CoreWeave (NASDAQ:CRWV) to a strong-buy rating in a research report sent to investors on Tuesday,Zacks.com reports.

Other equities analysts have also recently issued reports about the company. Sanford C. Bernstein initiated coverage on CoreWeave in a report on Wednesday. They issued an “outperform” rating for the company. Mizuho decreased their price target on CoreWeave from $110.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 15th. Jefferies Financial Group cut CoreWeave from a “buy” rating to a “hold” rating in a research report on Wednesday. Oppenheimer increased their price objective on CoreWeave from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Finally, Bank of America raised CoreWeave from a “neutral” rating to a “buy” rating and set a $100.00 price objective for the company in a report on Tuesday, March 24th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, CoreWeave presently has an average rating of “Moderate Buy” and an average price target of $136.25.

CoreWeave Stock Performance

NASDAQ:CRWV opened at $81.10 on Tuesday. CoreWeave has a 12-month low of $63.80 and a 12-month high of $153.20. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 3.68. The firm has a market capitalization of $36.30 billion, a PE ratio of -26.08 and a beta of 7.17. The firm has a 50-day moving average price of $97.75 and a 200 day moving average price of $95.47.

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

Insider Activity

In other news, major shareholder Magnetar Financial Llc sold 1,284,876 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $119.91, for a total value of $154,069,481.16. Following the transaction, the insider directly owned 264,061 shares of the company’s stock, valued at $31,663,554.51. The trade was a 82.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian M. Venturo sold 375,000 shares of the stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $109.03, for a total value of $40,886,250.00. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 17,070,099 shares of company stock worth $1,982,943,238. Insiders own 24.20% of the company’s stock.

Institutional Trading of CoreWeave

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in CoreWeave by 275.6% during the 4th quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company’s stock worth $1,999,421,000 after buying an additional 20,487,478 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in CoreWeave by 6,022.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 112,768 shares of the company’s stock valued at $8,075,000 after acquiring an additional 110,926 shares in the last quarter. Legal & General Group Plc increased its position in CoreWeave by 8,455.6% in the 4th quarter. Legal & General Group Plc now owns 611,301 shares of the company’s stock valued at $43,775,000 after acquiring an additional 604,156 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of CoreWeave by 67.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 66,947 shares of the company’s stock worth $4,794,000 after acquiring an additional 26,907 shares during the last quarter. Finally, Broad Peak Investment Advisers Pte Ltd bought a new position in shares of CoreWeave in the fourth quarter worth about $15,539,000.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Truist upgraded CoreWeave (CRWV) to Buy, helping drive the shares higher as investors responded to renewed confidence in the company’s AI cloud growth story. CoreWeave Jumps 6% on Truist Buy Upgrade, Pulling Ahead of Cloudflare, Snowflake, Oracle
• Positive Sentiment: Robert W. Baird upgraded CoreWeave (CRWV) to Strong-Buy, reinforcing the bullish view that the company remains a standout “pioneer” in AI infrastructure. CoreWeave was upgraded by Robert W. Baird to strong-buy
• Positive Sentiment: Analysts highlighted CoreWeave’s rapid growth profile, including expectations for strong Q2 revenue expansion and heavy power buildout to support AI demand, which supports the stock’s premium valuation. CoreWeave (CRWV) Is Chasing 108% Q2 Revenue Growth With A Big Power Ramp
• Neutral Sentiment: Barclays reportedly lowered its expectations for CoreWeave (CRWV), which may temper some of the enthusiasm around the stock despite the broader wave of positive ratings. Barclays Has Lowered Expectations for CoreWeave (NASDAQ:CRWV) Stock Price
• Negative Sentiment: News that CoreWeave’s CFO sold $5.5 million of company shares could raise investor concerns about insider confidence, even though it does not necessarily change the business outlook. CoreWeave’s CFO Sold Company Shares for $5.5 Million. What Does That Mean for Investors?

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.