CoreWeave (NASDAQ:CRWV) Shares Up 1.8% After Analyst Upgrade

Key Points

• CoreWeave's shares rose 1.8% following an upgrade from Macquarie, which raised the price target from $115.00 to $140.00.
• Major shareholder Magnetar Financial sold over 1.4 million shares, representing a 79.96% decrease in ownership, highlighting significant insider trading activity.
• CoreWeave reported a revenue increase of 206.7% year-over-year, despite missing EPS estimates, showcasing a growth trajectory in a competitive AI market.

Shares of CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) were up 1.8% during trading on Monday after Macquarie raised their price target on the stock from $115.00 to $140.00. Macquarie currently has a neutral rating on the stock. CoreWeave traded as high as $126.50 and last traded at $122.52. Approximately 22,421,365 shares traded hands during mid-day trading, an increase of 0% from the average daily volume of 22,415,975 shares. The stock had previously closed at $120.34.

CRWV has been the topic of a number of other research reports. Stifel Nicolaus lifted their price target on shares of CoreWeave from $115.00 to $120.00 and gave the company a "hold" rating in a research report on Wednesday, August 13th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $116.00 target price on shares of CoreWeave in a report on Tuesday, September 16th. Needham & Company LLC reiterated a "hold" rating on shares of CoreWeave in a research note on Wednesday, August 13th. Argus reaffirmed a "buy" rating and issued a $200.00 target price on shares of CoreWeave in a report on Thursday, August 14th. Finally, HC Wainwright raised 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. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $125.89.

Insider Activity at CoreWeave

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

Institutional Trading of CoreWeave

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cisco Systems Inc. bought a new position in shares of CoreWeave in the 2nd quarter valued at about $173,493,000. Gamco Investors INC. ET AL bought a new position in CoreWeave in the first quarter valued at approximately $318,000. Magnus Financial Group LLC acquired a new stake in CoreWeave during the 2nd quarter worth $903,000. SeaCrest Wealth Management LLC bought a new stake in shares of CoreWeave during the 2nd quarter valued at $848,000. Finally, Sivia Capital Partners LLC bought a new stake in shares of CoreWeave during the 2nd quarter valued at $39,824,000.

CoreWeave Price Performance

The company has a debt-to-equity ratio of 2.79, a current ratio of 0.52 and a quick ratio of 0.52. The company's 50 day simple moving average is $110.86.

CoreWeave (NASDAQ:CRWV - Get Free Report) last announced its quarterly 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 revenue for the quarter 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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