CoreWeave Inc. (NASDAQ:CRWV - Get Free Report)'s stock price gapped up before the market opened on Thursday . The stock had previously closed at $96.93, but opened at $100.64. CoreWeave shares last traded at $103.24, with a volume of 21,845,720 shares changing hands.
Wall Street Analyst Weigh In
CRWV has been the topic of a number of research reports. HC Wainwright upgraded CoreWeave from a "neutral" rating to a "buy" rating and set a $180.00 target price on the stock in a report on Thursday, August 21st. Citizens Jmp raised shares of CoreWeave to a "hold" rating in a research report on Thursday, May 22nd. DA Davidson reaffirmed an "underperform" rating and issued a $36.00 price target on shares of CoreWeave in a research report on Tuesday, June 10th. Morgan Stanley lifted their price objective on CoreWeave from $58.00 to $91.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 31st. Finally, Needham & Company LLC restated a "hold" rating on shares of CoreWeave in a research note on Wednesday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $107.45.
View Our Latest Report on CoreWeave
CoreWeave Stock Up 7.4%
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 business's fifty day moving average price is $129.32.
CoreWeave (NASDAQ:CRWV - Get Free Report) last released its earnings results on Tuesday, August 12th. The company reported ($0.27) earnings per share for the quarter, missing analysts' consensus estimates 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 Buying and Selling at CoreWeave
In related news, major shareholder Magnetar Financial Llc sold 915,382 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $100.15, for a total transaction of $91,675,507.30. Following the completion of the sale, the insider owned 397,757 shares of the company's stock, valued at $39,835,363.55. This trade represents a 69.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jack D. Cogen sold 1,000,000 shares of the company's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $100.20, for a total transaction of $100,200,000.00. Following the completion of the sale, the director owned 13,441,680 shares of the company's stock, valued at approximately $1,346,856,336. The trade was a 6.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold 3,443,411 shares of company stock worth $335,945,921 over the last 90 days.
Hedge Funds Weigh In On CoreWeave
Several institutional investors have recently modified their holdings of the business. Chelsea Counsel Co. bought a new position in CoreWeave in the 2nd quarter valued at $33,000. Archer Investment Corp purchased a new position in CoreWeave during the second quarter worth about $34,000. Chilton Capital Management LLC bought a new position in CoreWeave in the 2nd quarter worth about $39,000. TD Waterhouse Canada Inc. purchased a new stake in shares of CoreWeave in the 2nd quarter valued at about $47,000. Finally, Montag A & Associates Inc. bought a new position in CoreWeave during the second quarter valued at approximately $49,000.
About CoreWeave
(
Get Free Report)
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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