CoreWeave (NASDAQ:CRWV) Stock Price Up 1.9% on Analyst Upgrade

Key Points

• CoreWeave Inc. shares increased by 1.9% after receiving an upgrade from Melius Research, which raised its rating from hold to buy and set a new price target of $165.00.
• The stock has recently seen active trading, with over 26 million shares changing hands, reflecting an 18% increase in volume compared to its average.
• Insider trading activity included Magnetar Financial selling over 734,000 shares, significantly reducing their stake by 67.04%.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) shares traded up 1.9% during mid-day trading on Wednesday after Melius Research upgraded the stock from a hold rating to a buy rating. Melius Research now has a $165.00 price target on the stock, up from their previous price target of $128.00. CoreWeave traded as high as $133.80 and last traded at $133.40. 26,156,834 shares were traded during mid-day trading, an increase of 18% from the average session volume of 22,137,129 shares. The stock had previously closed at $130.89.

Several other equities research analysts have also recently weighed in on the company. Seaport Res Ptn upgraded CoreWeave to a "hold" rating in a report on Monday, September 15th. Needham & Company LLC restated a "hold" rating on shares of CoreWeave in a report on Wednesday, August 13th. Barclays increased their price objective on CoreWeave from $100.00 to $140.00 and gave the stock an "equal weight" rating in a report on Monday, July 21st. Citizens Jmp upgraded CoreWeave from a "market perform" rating to an "outperform" rating and set a $180.00 price objective for the company in a report on Tuesday, September 16th. Finally, Macquarie increased their price objective on CoreWeave from $65.00 to $115.00 and gave the stock a "neutral" rating in a report on Wednesday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $124.96.

Insider Activity

In other CoreWeave news, major shareholder Magnetar Financial Llc sold 734,110 shares of the firm's stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $132.42, for a total value of $97,210,846.20. Following the transaction, the insider directly owned 360,900 shares of the company's stock, valued at $47,790,378. This trade represents a 67.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Brian M. Venturo sold 281,250 shares of the firm's stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $118.68, for a total transaction of $33,378,750.00. The disclosure for this sale can be found here. Insiders have sold a total of 17,826,137 shares of company stock worth $1,965,482,165 over the last ninety days.

Institutional Trading of CoreWeave

Several institutional investors have recently added to or reduced their stakes in CRWV. Chelsea Counsel Co. purchased a new stake in shares of CoreWeave in the second quarter valued at about $33,000. Archer Investment Corp acquired a new position in shares of CoreWeave during the 2nd quarter valued at $34,000. Chilton Capital Management LLC purchased a new stake in CoreWeave during the 2nd quarter worth $39,000. Montag A & Associates Inc. bought a new stake in shares of CoreWeave during the 2nd quarter valued at about $49,000. Finally, TD Waterhouse Canada Inc. acquired a new position in CoreWeave during the 2nd quarter valued at about $47,000.

CoreWeave Stock Performance

The stock's 50 day moving average price is $111.21. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.52 and a current ratio of 0.52.

CoreWeave (NASDAQ:CRWV - Get Free Report) last released 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 company had revenue of $1.21 million for the quarter. The company'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

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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