Citizens Jmp Upgrades CoreWeave (NASDAQ:CRWV) to Outperform

Key Points

• Citizens Jmp upgraded CoreWeave's stock rating from "market perform" to "outperform", with a price target of $180.00, suggesting a potential upside of 49.41%.
• CoreWeave reported a revenue increase of 206.7% year-over-year, although it posted a quarterly earnings loss of ($0.27) per share, missing analyst expectations.
• Insider selling activity was significant, with a total of 9,831,764 shares sold by insiders over the past ninety days, amounting to approximately $981 million in value.

CoreWeave (NASDAQ:CRWV - Get Free Report) was upgraded by equities research analysts at Citizens Jmp from a "market perform" rating to an "outperform" rating in a research report issued to clients and investors on Tuesday,Briefing.com Automated Import reports. The firm presently has a $180.00 price target on the stock. Citizens Jmp's price target would indicate a potential upside of 49.41% from the company's current price.

A number of other equities analysts have also recently issued reports on CRWV. Raymond James Financial set a $130.00 price objective on shares of CoreWeave and gave the company an "outperform" rating in a research note on Monday. Hsbc Global Res upgraded shares of CoreWeave to a "moderate sell" rating in a research note on Thursday, July 17th. Barclays increased their price objective on shares of CoreWeave from $100.00 to $140.00 and gave the company an "equal weight" rating in a research note on Monday, July 21st. Northland Securities increased their target price on shares of CoreWeave from $85.00 to $165.00 and gave the stock an "outperform" rating in a research report on Friday, July 18th. Finally, Seaport Res Ptn upgraded shares of CoreWeave to a "hold" rating in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, fifteen have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $111.42.

CoreWeave Trading Up 7.6%

NASDAQ:CRWV opened at $120.47 on Tuesday. CoreWeave has a one year low of $33.51 and a one year high of $187.00. The firm's fifty day moving average is $113.05. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 2.79.

CoreWeave (NASDAQ:CRWV - Get Free Report) last announced 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 for the quarter. The firm's revenue for the quarter 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 other news, insider Brannin Mcbee sold 250,000 shares of CoreWeave stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $99.47, for a total value of $24,867,500.00. Following the sale, the insider directly owned 121,965 shares in the company, valued at $12,131,858.55. This trade represents a 67.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Nitin Agrawal sold 63,230 shares of CoreWeave stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $115.29, for a total transaction of $7,289,786.70. Following the completion of the sale, the chief financial officer owned 184,010 shares in the company, valued at $21,214,512.90. This trade represents a 25.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,831,764 shares of company stock valued at $981,444,059 over the last ninety days.

Institutional Trading of CoreWeave

Hedge funds and other institutional investors have recently made changes to their positions in the business. Chelsea Counsel Co. acquired a new stake in shares of CoreWeave in the second quarter valued at approximately $33,000. Archer Investment Corp bought a new position in shares of CoreWeave in the second quarter valued at $34,000. Chilton Capital Management LLC bought a new position in shares of CoreWeave in the second quarter valued at $39,000. TD Waterhouse Canada Inc. bought a new position in shares of CoreWeave in the second quarter valued at $47,000. Finally, Montag A & Associates Inc. bought a new position in shares of CoreWeave in the second quarter valued at $49,000.

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.

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