Brokerages Set CoreWeave Inc. (NASDAQ:CRWV) Target Price at $107.05

Key Points

• CoreWeave Inc. has received an average recommendation of "Hold" from analysts, with 15 hold, 2 sell, and 7 buy ratings.
• Recently, major shareholder Magnetar Financial sold over 915,000 shares of the company's stock, which significantly reduced their ownership.
• The company's stock price saw a decline, trading at $92.38 after a drop of $1.61 and continuing to show volatility with a 52-week range from a low of $33.51 to a high of $187.00.

Shares of CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) have received an average rating of "Hold" from the twenty-seven research firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, fifteen have assigned a hold recommendation, eight have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $107.4545.

CRWV has been the subject of several analyst reports. Arete Research raised CoreWeave from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 21st. JPMorgan Chase & Co. increased their price objective on shares of CoreWeave from $43.00 to $66.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. Arete raised shares of CoreWeave from a "neutral" rating to a "buy" rating and set a $180.00 price objective for the company in a research report on Thursday, August 21st. Citizens Jmp raised CoreWeave to a "hold" rating in a report on Thursday, May 22nd. Finally, Hsbc Global Res raised CoreWeave to a "moderate sell" rating in a report on Thursday, July 17th.

CoreWeave Trading Up 6.0%

Shares of CRWV traded up $5.44 during midday trading on Monday, hitting $96.83. 22,796,509 shares of the stock were exchanged, compared to its average volume of 20,239,463. CoreWeave has a 52-week low of $33.51 and a 52-week high of $187.00. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 2.79. The stock's fifty day moving average is $130.78.

CoreWeave (NASDAQ:CRWV - Get Free Report) last announced its earnings results on Tuesday, August 12th. The company reported ($0.27) EPS for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.07). The company had revenue of $1.21 million during the quarter. The company's revenue 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 Activity at CoreWeave

In other news, insider Brannin Mcbee sold 375,000 shares of CoreWeave stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $91.71, for a total transaction of $34,391,250.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Jack D. Cogen sold 1,000,000 shares of the company's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $100.20, for a total value of $100,200,000.00. Following the completion of the sale, the director directly owned 13,441,680 shares of the company's stock, valued at approximately $1,346,856,336. This trade represents a 6.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,443,411 shares of company stock valued at $335,945,921.

Institutional Trading of CoreWeave

Large investors have recently bought and sold shares of the business. Squarepoint Ops LLC acquired a new position in CoreWeave in the second quarter valued at $629,000. Munro Partners acquired a new position in CoreWeave in the 2nd quarter valued at about $1,871,000. B. Riley Wealth Advisors Inc. acquired a new position in CoreWeave in the 2nd quarter valued at about $467,000. Newbridge Financial Services Group Inc. acquired a new stake in CoreWeave during the 2nd quarter worth approximately $1,019,000. Finally, Marex Group plc purchased a new position in shares of CoreWeave in the 2nd quarter valued at approximately $949,000.

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.