CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) rose 3.9% during mid-day trading on Wednesday . The company traded as high as $141.48 and last traded at $139.24. Approximately 20,510,316 shares changed hands during trading, a decline of 11% from the average daily volume of 23,097,158 shares. The stock had previously closed at $134.06.
Analyst Ratings Changes
CRWV has been the subject of several analyst reports. Weiss Ratings reissued a "sell (d+)" rating on shares of CoreWeave in a research note on Tuesday. Evercore ISI initiated coverage on shares of CoreWeave in a research note on Tuesday, September 30th. They issued an "outperform" rating and a $175.00 target price for the company. Stifel Nicolaus raised their target price on shares of CoreWeave from $115.00 to $120.00 and gave the company a "hold" rating in a research note on Wednesday, August 13th. Arete Research raised shares of CoreWeave from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 21st. Finally, Moffett Nathanson raised their target price on shares of CoreWeave from $56.00 to $65.00 and gave the company a "neutral" rating in a research note on Tuesday, August 19th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $127.64.
Get Our Latest Research Report on CoreWeave
CoreWeave Price Performance
The stock has a 50 day moving average of $115.95 and a 200 day moving average of $106.70. The company has a debt-to-equity ratio of 2.79, a current ratio of 0.52 and a quick ratio of 0.52.
CoreWeave (NASDAQ:CRWV - Get Free Report) last released its earnings results on Tuesday, August 12th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.07). The business had revenue of $1.21 million during the quarter. CoreWeave's quarterly revenue was up 206.7% on a year-over-year basis. CoreWeave has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.
Insider Activity at CoreWeave
In related news, CEO Michael N. Intrator sold 34,826 shares of the stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $135.44, for a total value of $4,716,833.44. Following the transaction, the chief executive officer directly owned 15,174 shares in the company, valued at $2,055,166.56. This trade represents a 69.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Magnetar Financial Llc sold 180,166 shares of the stock in a transaction on Friday, October 10th. The stock was sold at an average price of $148.80, for a total value of $26,808,700.80. Following the completion of the transaction, the insider owned 328,932 shares in the company, valued at approximately $48,945,081.60. This represents a 35.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,196,465 shares of company stock worth $3,406,143,531 over the last quarter.
Hedge Funds Weigh In On CoreWeave
Several large investors have recently bought and sold shares of CRWV. Cisco Systems Inc. bought a new position in CoreWeave during the 2nd quarter valued at $173,493,000. Voya Investment Management LLC bought a new position in CoreWeave in the 3rd quarter worth about $110,562,000. Munro Partners boosted its position in shares of CoreWeave by 5,272.4% during the 3rd quarter. Munro Partners now owns 616,485 shares of the company's stock valued at $84,366,000 after acquiring an additional 605,010 shares during the last quarter. Geode Capital Management LLC lifted its position in CoreWeave by 142.6% in the 2nd quarter. Geode Capital Management LLC now owns 716,178 shares of the company's stock worth $116,809,000 after buying an additional 420,915 shares during the last quarter. Finally, Lmdagg L.L.C. purchased a new position in shares of CoreWeave during the second quarter valued at approximately $48,030,000.
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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