CoreWeave (NASDAQ:CRWV) Trading Up 2.3% - Time to Buy?

Key Points

• CoreWeave Inc.'s stock price rose by 2.3% to $141.62, with a trading volume that was 11% lower than its average daily volume.
• Wells Fargo upgraded the company's rating from equal weight to overweight and increased the price target from $105.00 to $170.00, while overall consensus rating is a Moderate Buy with a target of $127.64.
• Major shareholder Magnetar Financial LLC sold 208,207 shares at an average price of $148.80, representing a 17.97% decrease in their ownership of CoreWeave.

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report)'s stock price was up 2.3% on Monday . The stock traded as high as $144.00 and last traded at $141.62. Approximately 20,495,214 shares changed hands during trading, a decline of 11% from the average daily volume of 23,095,242 shares. The stock had previously closed at $138.43.

Analysts Set New Price Targets

Several equities analysts have weighed in on CRWV shares. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of CoreWeave in a research note on Wednesday, August 13th. Wells Fargo & Company upgraded CoreWeave from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $105.00 to $170.00 in a report on Tuesday, September 23rd. Stifel Nicolaus lifted their price target on CoreWeave from $115.00 to $120.00 and gave the company a "hold" rating in a report on Wednesday, August 13th. HSBC started coverage on CoreWeave in a report on Wednesday, July 16th. They set a "reduce" rating and a $32.00 price target for the company. Finally, Macquarie lifted their price target on CoreWeave from $115.00 to $140.00 and gave the company a "neutral" rating in a report on Monday, September 29th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $127.64.

CoreWeave Price Performance

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 $114.79 and a 200-day moving average price of $105.80.

CoreWeave (NASDAQ:CRWV - Get Free Report) last announced its earnings results 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 business had revenue of $1.21 million during the quarter. The company's quarterly 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.

Insiders Place Their Bets

In other news, major shareholder Magnetar Financial Llc sold 208,207 shares of the business's stock in a transaction on Friday, October 10th. The shares were sold at an average price of $148.80, for a total value of $30,981,201.60. Following the completion of the sale, the insider directly owned 950,211 shares in the company, valued at approximately $141,391,396.80. The trade was a 17.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael N. Intrator sold 15,174 shares of the business's stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $139.66, for a total transaction of $2,119,200.84. The disclosure for this sale can be found here. Insiders sold 27,601,752 shares of company stock valued at $3,317,675,109 over the last 90 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CRWV. Family Legacy Financial Solutions LLC lifted its holdings in shares of CoreWeave by 166.7% during the third quarter. Family Legacy Financial Solutions LLC now owns 200 shares of the company's stock worth $27,000 after buying an additional 125 shares during the last quarter. Princeton Global Asset Management LLC acquired a new position in shares of CoreWeave during the third quarter worth approximately $28,000. Chelsea Counsel Co. acquired a new position in shares of CoreWeave during the second quarter worth approximately $33,000. Archer Investment Corp acquired a new position in shares of CoreWeave during the second quarter worth approximately $34,000. Finally, Chilton Capital Management LLC acquired a new position in shares of CoreWeave during the second quarter worth approximately $39,000.

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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