CoreWeave (NASDAQ:CRWV) Stock Price Up 4.1% After Analyst Upgrade

Key Points

• CoreWeave's stock price increased by 4.1% following an analyst upgrade from a hold to a strong-buy rating by Arete Research, with shares last trading at $94.48.
• Analysts have shown varied sentiments, with some raising price targets significantly; for example, Morgan Stanley increased their target from $58 to $91, while Bank of America lowered theirs from $185 to $168.
• Insider trading activity saw significant sales, with Director Jack D. Cogen selling 1,000,000 shares for over $100 million, resulting in a nearly 7% decrease in his ownership stake.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report)'s share price rose 4.1% during mid-day trading on Friday after Arete Research upgraded the stock from a hold rating to a strong-buy rating. The company traded as high as $94.90 and last traded at $94.48. Approximately 11,023,279 shares traded hands during mid-day trading, a decline of 45% from the average daily volume of 20,057,092 shares. The stock had previously closed at $90.79.

A number of other equities research analysts have also recently issued reports on CRWV. Moffett Nathanson upped their price objective on shares of CoreWeave from $56.00 to $65.00 and gave the company a "neutral" rating in a research note on Tuesday. Morgan Stanley upped their price objective on shares of CoreWeave from $58.00 to $91.00 and gave the company an "equal weight" rating in a research note on Thursday, July 31st. Bank of America dropped their price target on shares of CoreWeave from $185.00 to $168.00 and set a "neutral" rating for the company in a research report on Wednesday, August 13th. Needham & Company LLC reissued a "hold" rating on shares of CoreWeave in a research report on Wednesday, August 13th. Finally, Mizuho reissued a "neutral" rating and set a $150.00 price target (up previously from $70.00) on shares of CoreWeave in a research report on Tuesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $107.05.

Insider Transactions at CoreWeave

In other news, Director Jack D. Cogen sold 1,000,000 shares of the firm's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $100.20, for a total value of $100,200,000.00. Following the completion of the sale, the director directly owned 13,441,680 shares of the company's stock, valued at approximately $1,346,856,336. This trade represents a 6.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Brannin Mcbee sold 375,000 shares of the firm's stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $91.71, for a total transaction of $34,391,250.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 3,090,064 shares of company stock valued at $304,591,209.

Institutional Investors Weigh In On CoreWeave

Institutional investors and hedge funds have recently modified their holdings of the stock. Chelsea Counsel Co. purchased a new stake in shares of CoreWeave in the 2nd quarter worth about $33,000. Archer Investment Corp purchased a new position in CoreWeave during the 2nd quarter valued at about $34,000. Chilton Capital Management LLC purchased a new position in CoreWeave during the 2nd quarter valued at about $39,000. TD Waterhouse Canada Inc. purchased a new position in CoreWeave during the 2nd quarter valued at about $47,000. Finally, Montag A & Associates Inc. purchased a new position in CoreWeave during the 2nd quarter valued at about $49,000.

CoreWeave Stock Performance

The stock's 50-day moving average price is $134.78. 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 issued its quarterly 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 company had revenue of $1.21 million for the quarter. The business's revenue 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.

About CoreWeave

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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