CoreWeave (NASDAQ:CRWV) Stock Rating Upgraded by Seaport Res Ptn

Key Points

• CoreWeave's stock has been upgraded to a "hold" rating by Seaport Res Ptn, amidst mixed evaluations from other analysts, including some recent downgrades.
• The company recently reported a quarterly earnings miss with earnings per share at ($0.27), despite a 206.7% year-over-year revenue increase to $1.21 million.
• Major insider transactions include the sale of 1.29 million shares by Brannin Mcbee and Magnetar Financial, highlighting significant shifts in stock ownership.

CoreWeave (NASDAQ:CRWV - Get Free Report) was upgraded by investment analysts at Seaport Res Ptn to a "hold" rating in a note issued to investors on Monday,Zacks.com reports.

CRWV has been the topic of several other research reports. Wall Street Zen cut shares of CoreWeave from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Wells Fargo & Company boosted their price target on shares of CoreWeave from $60.00 to $105.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 13th. Moffett Nathanson boosted their price target on shares of CoreWeave from $56.00 to $65.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 19th. HSBC started coverage on shares of CoreWeave in a research report on Wednesday, July 16th. They issued a "reduce" rating and a $32.00 price target on the stock. Finally, Citizens Jmp upgraded shares of CoreWeave to a "hold" rating in a research report on Thursday, May 22nd. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, sixteen have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, CoreWeave presently has a consensus rating of "Hold" and an average price target of $108.43.

CoreWeave Stock Up 7.6%

Shares of NASDAQ:CRWV opened at $120.47 on Monday. The company has a current ratio of 0.52, a quick 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 firm's 50 day moving average price is $113.05.

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 firm had revenue of $1.21 million for the quarter. The company'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.

Insiders Place Their Bets

In other CoreWeave news, insider Brannin Mcbee sold 375,000 shares of CoreWeave stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $91.71, for a total transaction of $34,391,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Magnetar Financial Llc sold 915,382 shares of the business's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $100.15, for a total transaction of $91,675,507.30. Following the sale, the insider directly owned 397,757 shares of the company's stock, valued at $39,835,363.55. This represents a 69.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,831,764 shares of company stock valued at $981,444,059 over the last three months.

Institutional Trading of CoreWeave

A number of large investors have recently made changes to their positions in the stock. Nvidia Corp boosted its stake in shares of CoreWeave by 0.4% during the second quarter. Nvidia Corp now owns 24,277,573 shares of the company's stock valued at $3,958,701,000 after purchasing an additional 95,113 shares during the period. Cisco Systems Inc. purchased a new stake in CoreWeave in the second quarter worth about $173,493,000. Geode Capital Management LLC grew its holdings in CoreWeave by 142.6% during the 2nd quarter. Geode Capital Management LLC now owns 716,178 shares of the company's stock worth $116,809,000 after acquiring an additional 420,915 shares in the last quarter. Lmdagg L.L.C. bought a new position in CoreWeave during the 2nd quarter worth about $48,030,000. Finally, Sivia Capital Partners LLC bought a new position in CoreWeave during the 2nd quarter worth about $39,824,000.

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.

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