CoreWeave (NASDAQ:CRWV) Trading 1.3% Higher on Analyst Upgrade

Key Points

• CoreWeave Inc. (NASDAQ: CRWV) shares rose 1.3% following an upgrade by Arete from a neutral rating to a buy rating, with a new price target set at $180.00.
• Insiders have been active, with major shareholder Magnetar Financial selling 549,682 shares and Director Jack D. Cogen selling 1,000,000 shares, reflecting notable shifts in ownership.
• The company's latest earnings report showed a revenue increase of 206.7% year-over-year, despite a quarterly EPS miss with an actual of ($0.27) compared to estimates of ($0.20).

Shares of CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) traded up 1.3% on Thursday after Arete upgraded the stock from a neutral rating to a buy rating. Arete now has a $180.00 price target on the stock. CoreWeave traded as high as $95.84 and last traded at $92.72. 13,348,585 shares changed hands during mid-day trading, a decline of 33% from the average session volume of 20,015,998 shares. The stock had previously closed at $91.52.

CRWV has been the subject of several other reports. Moffett Nathanson lifted their price objective on CoreWeave from $56.00 to $65.00 and gave the stock a "neutral" rating in a research report on Tuesday. JMP Securities assumed coverage on CoreWeave in a research report on Thursday, May 22nd. They issued a "market perform" rating for the company. Northland Capmk raised CoreWeave to a "strong-buy" rating in a research report on Tuesday, May 13th. DA Davidson reissued an "underperform" rating and issued a $36.00 price objective on shares of CoreWeave in a research report on Tuesday, June 10th. Finally, HC Wainwright raised shares of CoreWeave from a "neutral" rating to a "buy" rating and set a $180.00 price target for the company in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $107.05.

Insider Buying and Selling at CoreWeave

In other CoreWeave news, major shareholder Magnetar Financial Llc sold 549,682 shares of CoreWeave stock in a transaction on Monday, August 18th. The shares were sold at an average price of $100.78, for a total value of $55,396,951.96. Following the completion of the sale, the insider directly owned 395,707 shares of the company's stock, valued at approximately $39,879,351.46. The trade was a 58.14% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jack D. Cogen sold 1,000,000 shares of the business's stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $100.20, for a total transaction of $100,200,000.00. Following the sale, the director directly owned 13,441,680 shares of the company's stock, valued at approximately $1,346,856,336. The trade was a 6.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,465,064 shares of company stock valued at $247,272,459.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Chelsea Counsel Co. purchased a new position in CoreWeave in the second quarter valued at about $33,000. Archer Investment Corp purchased a new position in CoreWeave in the second quarter valued at about $34,000. Chilton Capital Management LLC purchased a new position in CoreWeave in the second quarter valued at about $39,000. TD Waterhouse Canada Inc. purchased a new position in CoreWeave in the second quarter valued at about $47,000. Finally, Montag A & Associates Inc. purchased a new position in CoreWeave in the second quarter valued at about $49,000.

CoreWeave Price Performance

The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 2.79. The business's 50 day moving average price is $135.94.

CoreWeave (NASDAQ:CRWV - Get Free Report) last released 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 for the quarter. CoreWeave'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.

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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