CoreWeave (NASDAQ:CRWV) Rating Increased to Buy at Melius Research

Key Points

• CoreWeave has been upgraded from a "hold" to a "buy" rating by Melius Research, with a new price target of $165.00, indicating a potential upside of 26.06%.
• Several other analysts have also raised their price targets, with ranges varying from $100.00 to $165.00, indicating growing confidence in the company's performance.
• Insider selling was reported, with major shareholder Magnetar Financial selling over 1.45 million shares, representing a significant decrease in their position.

CoreWeave (NASDAQ:CRWV - Get Free Report) was upgraded by analysts at Melius Research from a "hold" rating to a "buy" rating in a research note issued on Tuesday, MarketBeat.com reports. The brokerage currently has a $165.00 price target on the stock, up from their previous price target of $128.00. Melius Research's price objective would indicate a potential upside of 26.06% from the company's previous close.

A number of other research firms also recently issued reports on CRWV. Cantor Fitzgerald restated an "overweight" rating and set a $116.00 price target on shares of CoreWeave in a research note on Tuesday, September 16th. Barclays boosted their price target on CoreWeave from $100.00 to $140.00 and gave the company an "equal weight" rating in a research note on Monday, July 21st. Northland Securities boosted their price target on CoreWeave from $85.00 to $165.00 and gave the company an "outperform" rating in a research note on Friday, July 18th. Citigroup upgraded CoreWeave from a "neutral" rating to a "buy" rating and set a $160.00 price target for the company in a research note on Thursday, July 31st. Finally, Needham & Company LLC reiterated a "hold" rating on shares of CoreWeave in a research note on Wednesday, August 13th. Three analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $124.96.

CoreWeave Trading Down 1.8%

NASDAQ CRWV opened at $130.89 on Tuesday. CoreWeave has a one year low of $33.51 and a one year high of $187.00. The stock has a 50-day simple moving average of $111.21. 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 (NASDAQ:CRWV - Get Free Report) last released its quarterly 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 business'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.

Insider Buying and Selling

In related news, major shareholder Magnetar Financial Llc sold 1,451,063 shares of the business's stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $125.60, for a total value of $182,253,512.80. Following the transaction, the insider directly owned 363,631 shares of the company's stock, valued at approximately $45,672,053.60. The trade was a 79.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jack D. Cogen sold 1,112,004 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $94.69, for a total value of $105,295,658.76. Following the completion of the transaction, the director directly owned 12,329,676 shares in the company, valued at approximately $1,167,497,020.44. This represents a 8.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,826,137 shares of company stock valued at $1,965,482,165.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Cisco Systems Inc. purchased a new position in CoreWeave in the 2nd quarter worth approximately $173,493,000. Gamco Investors INC. ET AL purchased a new position in CoreWeave in the 1st quarter worth approximately $318,000. SeaCrest Wealth Management LLC purchased a new position in CoreWeave in the 2nd quarter worth approximately $848,000. Howard Financial Services LTD. purchased a new position in CoreWeave in the 2nd quarter worth approximately $489,000. Finally, Sivia Capital Partners LLC purchased a new stake in shares of CoreWeave during the 2nd quarter worth approximately $39,824,000.

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.