CoreWeave (NASDAQ:CRWV) Trading 11.7% Higher After Analyst Upgrade

Key Points

• CoreWeave's shares surged 11.7% after Macquarie upgraded its price target from $115.00 to $140.00, with the stock last trading at $136.85.
• In addition to Macquarie, other analysts have raised their ratings and price targets for CoreWeave, with Citigroup setting a target price of $160.00 and Wells Fargo increasing theirs to $170.00.
• Insider trading activity showed significant sales, including CEO Michael N. Intrator selling over 32,000 shares for about $4.2 million, reflecting a total of $2.2 billion in insider sales over the past three months.

Shares of CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) traded up 11.7% during mid-day trading on Tuesday after Macquarie raised their price target on the stock from $115.00 to $140.00. Macquarie currently has a neutral rating on the stock. CoreWeave traded as high as $142.67 and last traded at $136.85. 70,877,442 shares changed hands during trading, an increase of 211% from the average session volume of 22,797,791 shares. The stock had previously closed at $122.52.

A number of other research analysts also recently issued reports on CRWV. Citigroup upgraded shares of CoreWeave from a "neutral" rating to a "buy" rating and set a $160.00 target price for the company in a research report on Thursday, July 31st. Wells Fargo & Company raised shares of CoreWeave from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $105.00 to $170.00 in a research report on Tuesday, September 23rd. Melius Research set a $165.00 target price on shares of CoreWeave and gave the company a "buy" rating in a report on Tuesday, September 23rd. Barclays upped their price target on shares of CoreWeave from $100.00 to $140.00 and gave the company an "equal weight" rating in a report on Monday, July 21st. Finally, Northland Securities raised their target price on shares of CoreWeave from $85.00 to $165.00 and gave the company an "outperform" rating in a research note on Friday, July 18th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $127.64.

Insider Buying and Selling at CoreWeave

In related news, CEO Michael N. Intrator sold 32,455 shares of the firm's stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $130.14, for a total value of $4,223,693.70. Following the transaction, the chief executive officer directly owned 7,088,420 shares in the company, valued at approximately $922,486,978.80. This trade represents a 0.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Kristen J. Mcveety sold 95,000 shares of the stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $126.86, for a total transaction of $12,051,700.00. The disclosure for this sale can be found here. Insiders have sold 19,928,066 shares of company stock valued at $2,247,880,573 over the last three months.

Institutional Investors Weigh In On CoreWeave

Several hedge funds have recently added to or reduced their stakes in the business. Costello Asset Management INC grew its position in CoreWeave by 33.3% in the second quarter. Costello Asset Management INC now owns 400 shares of the company's stock valued at $65,000 after acquiring an additional 100 shares during the last quarter. Chelsea Counsel Co. bought a new stake in CoreWeave during the second quarter worth $33,000. Archer Investment Corp bought a new position in CoreWeave in the 2nd quarter valued at $34,000. Chilton Capital Management LLC bought a new position in shares of CoreWeave during the 2nd quarter worth $39,000. Finally, SOA Wealth Advisors LLC. grew its stake in shares of CoreWeave by 275.0% during the 2nd quarter. SOA Wealth Advisors LLC. now owns 375 shares of the company's stock worth $61,000 after acquiring an additional 275 shares during the period.

CoreWeave Stock Performance

The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 2.79. The company has a 50 day simple moving average of $110.81.

CoreWeave (NASDAQ:CRWV - Get Free Report) last issued its quarterly earnings data 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 during 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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