CoreWeave Inc. (NASDAQ:CRWV - Get Free Report)'s stock price rose 1.8% during trading on Wednesday after JMP Securities upgraded the stock from a market perform rating to a market outperform rating. JMP Securities now has a $180.00 price target on the stock. CoreWeave traded as high as $121.84 and last traded at $120.86. Approximately 24,170,942 shares were traded during trading, an increase of 12% from the average daily volume of 21,674,627 shares. The stock had previously closed at $118.75.
Other analysts have also recently issued research reports about the company. HSBC initiated coverage on CoreWeave in a research report on Wednesday, July 16th. They set a "reduce" rating and a $32.00 target price for the company. Hsbc Global Res upgraded shares of CoreWeave to a "moderate sell" rating in a report on Thursday, July 17th. Citigroup upgraded shares of CoreWeave from a "neutral" rating to a "buy" rating and set a $160.00 price target on the stock in a research note on Thursday, July 31st. Moffett Nathanson raised their price objective on CoreWeave from $56.00 to $65.00 and gave the company a "neutral" rating in a research report on Tuesday, August 19th. Finally, Argus reaffirmed a "buy" rating and issued a $200.00 target price on shares of CoreWeave in a report on Thursday, August 14th. Two investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $116.12.
Get Our Latest Stock Report on CRWV
Insider Buying and Selling
In other CoreWeave news, major shareholder Magnetar Financial Llc sold 1,271,277 shares of the business's stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $120.10, for a total transaction of $152,680,367.70. Following the sale, the insider directly owned 378,648 shares of the company's stock, valued at $45,475,624.80. The trade was a 77.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jack D. Cogen sold 1,112,004 shares of the company's stock in a transaction that occurred 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 13,056,704 shares of company stock worth $1,367,589,383.
Institutional Investors Weigh In On CoreWeave
Several hedge funds have recently modified their holdings of the business. Chelsea Counsel Co. bought a new stake in shares of CoreWeave in the 2nd quarter valued at about $33,000. Archer Investment Corp acquired a new position in CoreWeave during the 2nd quarter valued at about $34,000. Chilton Capital Management LLC acquired a new position in CoreWeave during the 2nd quarter valued at approximately $39,000. TD Waterhouse Canada Inc. purchased a new position in CoreWeave in the 2nd quarter worth $47,000. Finally, Montag A & Associates Inc. acquired a new stake in shares of CoreWeave during the second quarter worth about $49,000.
CoreWeave Stock Performance
The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 2.79. The stock's 50 day moving average is $111.39.
CoreWeave (NASDAQ:CRWV - Get Free Report) last issued its quarterly earnings data on Tuesday, August 12th. The company reported ($0.27) 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 business'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.
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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