Arete Upgrades CoreWeave (NASDAQ:CRWV) to "Buy"

Key Points

• CoreWeave's stock rating was upgraded from "neutral" to "buy" by Arete, with a potential price target of $180.00, suggesting a 96.68% upside from its current price.
• The company recently reported its quarterly earnings, with a revenue increase of 206.7% year-over-year, although it missed EPS estimates by $0.07.
• Insider trading activity was significant, as major shareholders sold a combined total of over 2.4 million shares, affecting their ownership stakes substantially.

Arete upgraded shares of CoreWeave (NASDAQ:CRWV - Free Report) from a neutral rating to a buy rating in a research note released on Thursday, MarketBeat reports. They currently have $180.00 target price on the stock.

Several other analysts have also commented on the company. DA Davidson reiterated an "underperform" rating and set a $36.00 price objective on shares of CoreWeave in a report on Tuesday, June 10th. Hsbc Global Res upgraded CoreWeave to a "moderate sell" rating in a report on Thursday, July 17th. Needham & Company LLC reiterated a "hold" rating on shares of CoreWeave in a report on Wednesday, August 13th. Wall Street Zen lowered CoreWeave from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Finally, JMP Securities started coverage on CoreWeave in a report on Thursday, May 22nd. They set a "market perform" rating for the company. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, fifteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $107.05.

CoreWeave Stock Up 3.5%

Shares of NASDAQ CRWV traded up $3.20 during trading hours on Thursday, reaching $93.99. The stock had a trading volume of 33,884,907 shares, compared to its average volume of 22,930,838. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.52 and a current ratio of 0.52. The company has a fifty day moving average price of $133.71. CoreWeave has a 52-week low of $33.51 and a 52-week high of $187.00.

CoreWeave (NASDAQ:CRWV - Get Free Report) last posted its earnings results on Tuesday, August 12th. The company reported ($0.27) earnings per share for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.07). The business had revenue of $1.21 million during the quarter. The company's 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 other CoreWeave news, insider Brian M. Venturo sold 324,312 shares of the stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $88.10, for a total transaction of $28,571,887.20. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Nitin Agrawal sold 6,010 shares of the stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $89.99, for a total value of $540,839.90. Following the sale, the chief financial officer directly owned 128,412 shares in the company, valued at $11,555,795.88. This represents a 4.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,422,678 shares of company stock worth $333,910,148 in the last three months.

Institutional Investors Weigh In On CoreWeave

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

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.