CoreWeave Inc. (NASDAQ:CRWV) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Shares of CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the thirty-two brokerages that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation, sixteen have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $127.6429.

Several research firms have issued reports on CRWV. Citizens Jmp upgraded shares of CoreWeave from a "market perform" rating to an "outperform" rating and set a $180.00 price target for the company in a research report on Tuesday, September 16th. Northland Securities upped their price target on shares of CoreWeave from $85.00 to $165.00 and gave the company an "outperform" rating in a research report on Friday, July 18th. Macquarie upped their price target on shares of CoreWeave from $115.00 to $140.00 and gave the company a "neutral" rating in a research report on Monday, September 29th. Cantor Fitzgerald restated an "overweight" rating and set a $116.00 price target on shares of CoreWeave in a research report on Tuesday, September 16th. Finally, Evercore ISI began coverage on shares of CoreWeave in a research report on Tuesday, September 30th. They set an "outperform" rating and a $175.00 price target for the company.

Insider Activity

In other news, CEO Michael N. Intrator sold 15,174 shares of the company's stock in a transaction dated Wednesday, October 8th. The shares were sold at an average price of $139.66, for a total transaction of $2,119,200.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Magnetar Financial Llc sold 208,207 shares of the company's stock in a transaction dated Friday, October 10th. The shares were sold at an average price of $148.80, for a total transaction of $30,981,201.60. Following the transaction, the insider directly owned 950,211 shares of the company's stock, valued at approximately $141,391,396.80. This trade represents a 17.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,601,752 shares of company stock valued at $3,317,675,109.

Hedge Funds Weigh In On CoreWeave

Hedge funds and other institutional investors have recently modified their holdings of the company. Apexium Financial LP bought a new position in shares of CoreWeave during the second quarter valued at about $1,044,000. Chung Wu Investment Group LLC bought a new position in CoreWeave in the second quarter worth about $755,000. Cisco Systems Inc. bought a new position in CoreWeave in the second quarter worth about $173,493,000. Gamco Investors INC. ET AL bought a new position in CoreWeave in the first quarter worth about $318,000. Finally, Magnus Financial Group LLC bought a new position in CoreWeave in the second quarter worth about $903,000.

CoreWeave Stock Up 2.3%

Shares of NASDAQ:CRWV opened at $141.62 on Tuesday. CoreWeave has a 52-week low of $33.51 and a 52-week high of $187.00. The firm has a fifty day moving average of $115.50 and a 200 day moving average of $106.51. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 2.79.

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

CoreWeave Company Profile

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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