CoreWeave (NASDAQ:CRWV) Upgraded by HC Wainwright to Buy Rating

Key Points

• CoreWeave's stock rating has been upgraded by HC Wainwright from "neutral" to "buy," with a price target of $180.00, indicating a potential upside of 96.68% from the current price.
• Major shareholders sold significant amounts of CoreWeave stock recently, with one shareholder reducing their ownership by 69.71% and another director selling 1,000,000 shares.
• CoreWeave reported a 206.7% year-over-year revenue growth for the last quarter, though it missed earnings estimates, posting EPS of ($0.27).

HC Wainwright upgraded shares of CoreWeave (NASDAQ:CRWV - Free Report) from a neutral rating to a buy rating in a research report sent to investors on Thursday, MarketBeat Ratings reports. They currently have $180.00 target price on the stock.

Several other research analysts also recently weighed in on the stock. Wall Street Zen downgraded shares of CoreWeave from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Needham & Company LLC reaffirmed a "hold" rating on shares of CoreWeave in a research report on Wednesday, August 13th. Moffett Nathanson raised their price objective on CoreWeave from $56.00 to $65.00 and gave the company a "neutral" rating in a research note on Tuesday, August 19th. The Goldman Sachs Group upped their target price on CoreWeave from $54.00 to $61.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of CoreWeave in a research report on Wednesday, August 13th. Two 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 company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $107.05.

CoreWeave Price Performance

CRWV traded up $3.20 during trading on Thursday, hitting $93.99. 33,884,907 shares of the company's stock were exchanged, compared to its average volume of 22,930,838. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 2.79. CoreWeave has a 1 year low of $33.51 and a 1 year high of $187.00. The stock's 50 day moving average is $133.71.

CoreWeave (NASDAQ:CRWV - Get Free Report) last released its quarterly earnings data on Tuesday, August 12th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.07). The business had revenue of $1.21 million for the quarter. The business'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 Brannin Mcbee sold 375,000 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $91.71, for a total transaction of $34,391,250.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, major shareholder Magnetar Financial Llc sold 915,382 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $100.15, for a total value of $91,675,507.30. Following the transaction, the insider directly owned 397,757 shares in the company, valued at approximately $39,835,363.55. This represents a 69.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,422,678 shares of company stock worth $333,910,148 over the last quarter.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Chelsea Counsel Co. bought a new position in CoreWeave during the 2nd quarter worth approximately $33,000. Archer Investment Corp acquired a new stake in shares of CoreWeave during the 2nd quarter worth approximately $34,000. Chilton Capital Management LLC acquired a new stake in shares of CoreWeave during the 2nd quarter worth approximately $39,000. Montag A & Associates Inc. acquired a new stake in shares of CoreWeave during the 2nd quarter worth approximately $49,000. Finally, TD Waterhouse Canada Inc. acquired a new stake in shares of CoreWeave during the 2nd quarter worth approximately $47,000.

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.