CoreWeave Inc. (NASDAQ:CRWV - Get Free Report)'s share price shot up 8.7% during trading on Wednesday . The company traded as high as $140.80 and last traded at $139.98. 33,835,894 shares traded hands during mid-day trading, an increase of 48% from the average session volume of 22,928,279 shares. The stock had previously closed at $128.83.
Analysts Set New Price Targets
CRWV has been the topic of several analyst reports. Raymond James Financial initiated coverage on CoreWeave in a report on Monday, September 15th. They set an "outperform" rating and a $130.00 target price on the stock. Hsbc Global Res upgraded CoreWeave to a "moderate sell" rating in a report on Thursday, July 17th. Melius upgraded CoreWeave from a "hold" rating to a "buy" rating and set a $165.00 target price on the stock in a report on Tuesday, September 23rd. Citigroup upgraded CoreWeave from a "neutral" rating to a "buy" rating and set a $160.00 target price on the stock in a report on Thursday, July 31st. Finally, Argus restated a "buy" rating and issued a $200.00 price objective on shares of CoreWeave in a research note on Thursday, August 14th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, CoreWeave presently has an average rating of "Moderate Buy" and a consensus price target of $127.64.
Check Out Our Latest Report on CRWV
CoreWeave Price Performance
The company's 50-day moving average is $112.79. The company has a quick ratio of 0.52, a current 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) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.07). The firm had revenue of $1.21 million during the quarter. CoreWeave's revenue for the quarter 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
In related news, insider Brian M. Venturo sold 310,480 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $135.67, for a total transaction of $42,122,821.60. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Magnetar Financial Llc sold 63,318 shares of the stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $137.63, for a total value of $8,714,456.34. Following the sale, the insider directly owned 339,232 shares in the company, valued at $46,688,500.16. This represents a 15.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,225,267 shares of company stock worth $2,982,927,662 in the last three months.
Institutional Investors Weigh In On CoreWeave
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nvidia Corp lifted its stake in CoreWeave by 0.4% during the second quarter. Nvidia Corp now owns 24,277,573 shares of the company's stock worth $3,958,701,000 after purchasing an additional 95,113 shares during the last quarter. Cisco Systems Inc. bought a new stake in CoreWeave during the second quarter worth $173,493,000. Geode Capital Management LLC lifted its stake in CoreWeave by 142.6% during the second quarter. Geode Capital Management LLC now owns 716,178 shares of the company's stock worth $116,809,000 after purchasing an additional 420,915 shares during the last quarter. Lmdagg L.L.C. bought a new stake in CoreWeave during the second quarter worth $48,030,000. Finally, Sivia Capital Partners LLC bought a new position in shares of CoreWeave in the 2nd quarter valued at $39,824,000.
CoreWeave Company Profile
(
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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