CoreWeave (NASDAQ:CRWV) Upgraded at Arete Research

Key Points

• CoreWeave has been upgraded to a "strong-buy" rating by Arete Research, indicating increased investor confidence in the company's future performance.
• Despite the upgrade, CoreWeave's stock recently experienced a drop of 0.8%, with current trading around $90.79.
• In Q2, CoreWeave reported a significant revenue increase of 206.7% year-over-year, but posted a loss per share of ($0.27), which was worse than expected.

CoreWeave (NASDAQ:CRWV - Get Free Report) was upgraded by equities researchers at Arete Research from a "hold" rating to a "strong-buy" rating in a research note issued to investors on Thursday,Zacks.com reports.

CRWV has been the subject of a number of other research reports. Northland Capmk raised shares of CoreWeave to a "strong-buy" rating in a report on Tuesday, May 13th. Northland Securities lifted their target price on shares of CoreWeave from $85.00 to $165.00 and gave the stock an "outperform" rating in a report on Friday, July 18th. HSBC assumed coverage on shares of CoreWeave in a report on Wednesday, July 16th. They set a "reduce" rating and a $32.00 target price for the company. Wall Street Zen lowered shares of CoreWeave from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Finally, Hsbc Global Res raised shares of CoreWeave to a "moderate sell" rating in a report on Thursday, July 17th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, CoreWeave has a consensus rating of "Hold" and an average target price of $107.05.

CoreWeave Stock Performance

Shares of NASDAQ:CRWV traded up $3.20 during trading on Thursday, reaching $93.99. The stock had a trading volume of 33,884,907 shares, compared to its average volume of 22,930,838. CoreWeave has a 52 week low of $33.51 and a 52 week high of $187.00. The firm has a 50-day simple moving average of $133.71. 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 earnings results 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 quarterly 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.

Insiders Place Their Bets

In related news, major shareholder Magnetar Financial Llc sold 549,682 shares of the business's stock in a transaction on Monday, August 18th. The shares were sold at an average price of $100.78, for a total value of $55,396,951.96. Following the sale, the insider directly owned 395,707 shares of the company's stock, valued at approximately $39,879,351.46. The trade was a 58.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Kristen J. Mcveety sold 2,292 shares of the business's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $89.97, for a total transaction of $206,211.24. Following the sale, the insider directly owned 4,183 shares in the company, valued at $376,344.51. This trade represents a 35.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,422,678 shares of company stock worth $333,910,148 in the last ninety days.

Institutional Investors Weigh In On CoreWeave

Several institutional investors and hedge funds have recently added to or reduced their stakes in CRWV. Chelsea Counsel Co. bought a new stake in CoreWeave during the 2nd quarter worth about $33,000. Archer Investment Corp bought a new stake in shares of CoreWeave in the 2nd quarter valued at about $34,000. Chilton Capital Management LLC bought a new stake in shares of CoreWeave in the 2nd quarter valued at about $39,000. TD Waterhouse Canada Inc. bought a new stake in shares of CoreWeave in the 2nd quarter valued at about $47,000. Finally, Montag A & Associates Inc. bought a new stake in shares of CoreWeave in the 2nd quarter valued at about $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.