CoreWeave (NASDAQ:CRWV) Earns Outperform Rating from Analysts at Evercore ISI

Key Points

• Evercore ISI has initiated coverage of CoreWeave (NASDAQ:CRWV) with an "outperform" rating and a price target of $175.00, implying a potential upside of 42.83% from its previous close.
• CoreWeave reported a revenue increase of 206.7% year-over-year, although it posted a quarterly EPS of ($0.27), which was lower than analysts' expectations.
• Insider transactions revealed significant share sales, with major shareholder Magnetar Financial selling over 1.4 million shares, reducing their stake by nearly 80%.

Stock analysts at Evercore ISI began coverage on shares of CoreWeave (NASDAQ:CRWV - Get Free Report) in a report issued on Tuesday,Benzinga reports. The firm set an "outperform" rating and a $175.00 price target on the stock. Evercore ISI's price target would suggest a potential upside of 42.83% from the stock's previous close.

Several other equities research analysts have also issued reports on the stock. Arete Research upgraded shares of CoreWeave from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 21st. Bank of America lowered their price target on shares of CoreWeave from $185.00 to $168.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 13th. Loop Capital initiated coverage on shares of CoreWeave in a research note on Friday, September 19th. They issued a "buy" rating and a $165.00 price target on the stock. Cantor Fitzgerald reiterated an "overweight" rating and issued a $116.00 price target on shares of CoreWeave in a research note on Tuesday, September 16th. Finally, Melius upgraded shares of CoreWeave from a "hold" rating to a "buy" rating and set a $165.00 price target on the stock in a research note on Tuesday, September 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $127.64.

CoreWeave Stock Up 1.8%

CRWV opened at $122.52 on Tuesday. CoreWeave has a 12 month low of $33.51 and a 12 month high of $187.00. The company has a fifty day moving average of $110.81. 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 posted its quarterly earnings data on Tuesday, August 12th. The company reported ($0.27) 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 quarterly revenue was up 206.7% compared to the same quarter last year. CoreWeave has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

Insider Transactions at CoreWeave

In related news, major shareholder Magnetar Financial Llc sold 1,451,063 shares of the company's stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $125.60, for a total value of $182,253,512.80. Following the transaction, the insider owned 363,631 shares in the company, valued at approximately $45,672,053.60. This represents a 79.96% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jack D. Cogen sold 1,112,004 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $94.69, for a total transaction of $105,295,658.76. Following the completion of the transaction, the director owned 12,329,676 shares in the company, valued at approximately $1,167,497,020.44. This trade represents a 8.27% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,928,066 shares of company stock worth $2,247,880,573.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CRWV. Chelsea Counsel Co. acquired a new position in shares of CoreWeave during the 2nd quarter worth approximately $33,000. Archer Investment Corp acquired a new position in shares of CoreWeave during the 2nd quarter worth approximately $34,000. Chilton Capital Management LLC acquired a new position in shares of CoreWeave during the 2nd quarter worth approximately $39,000. TD Waterhouse Canada Inc. acquired a new position in shares of CoreWeave during the 2nd quarter worth approximately $47,000. Finally, Montag A & Associates Inc. acquired a new position in shares of CoreWeave during the 2nd quarter worth approximately $49,000.

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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