CoreWeave (NASDAQ:CRWV) Now Covered by Loop Capital

Key Points

• Loop Capital has initiated coverage on CoreWeave (NASDAQ:CRWV), assigning a "buy" rating and a price target of $165.00, indicating a potential upside of approximately 35.93% from its previous close.
• Other analysts have varying ratings on CoreWeave with two strong buy ratings, twelve buy ratings, and a consensus target price of $116.12.
• CoreWeave recently reported a quarterly revenue increase of 206.7% year-over-year, although it missed the earnings per share estimate by $0.07.

Loop Capital began coverage on shares of CoreWeave (NASDAQ:CRWV - Free Report) in a research note released on Friday morning, Marketbeat.com reports. The firm issued a buy rating and a $165.00 target price on the stock.

CRWV has been the topic of several other reports. Wall Street Zen cut shares of CoreWeave from a "hold" rating to a "sell" rating in a research report on Thursday, May 22nd. Citizens Jmp upgraded shares of CoreWeave from a "market perform" rating to an "outperform" rating and set a $180.00 price objective on the stock in a research report on Tuesday. Bank of America decreased their price objective on shares of CoreWeave from $185.00 to $168.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 13th. Arete upgraded shares of CoreWeave from a "neutral" rating to a "buy" rating and set a $180.00 price objective on the stock in a research report on Thursday, August 21st. Finally, Raymond James Financial initiated coverage on shares of CoreWeave in a research report on Monday. They issued an "outperform" rating and a $130.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, CoreWeave currently has an average rating of "Hold" and an average price target of $116.12.

CoreWeave Trading Up 2.9%

Shares of CRWV traded up $3.47 during midday trading on Friday, hitting $124.86. 47,485,909 shares of the company traded hands, compared to its average volume of 28,094,886. The stock's 50-day moving average is $111.39. CoreWeave has a one year low of $33.51 and a one year high of $187.00. 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 announced its quarterly earnings results on Tuesday, August 12th. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.07). The firm had revenue of $1.21 million during 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.

Insider Transactions at CoreWeave

In other CoreWeave news, insider Brannin Mcbee sold 250,000 shares of the company's stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $118.17, for a total value of $29,542,500.00. Following the completion of the sale, the insider owned 121,965 shares of the company's stock, valued at $14,412,604.05. This represents a 67.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Nitin Agrawal sold 38,422 shares of the company's stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $118.18, for a total value of $4,540,711.96. Following the completion of the sale, the chief financial officer directly owned 145,588 shares of the company's stock, valued at approximately $17,205,589.84. This represents a 20.88% decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,056,704 shares of company stock worth $1,367,589,383 in the last three months.

Institutional Trading of CoreWeave

Institutional investors have recently made changes to their positions in the stock. Gamco Investors INC. ET AL purchased a new stake in shares of CoreWeave during the first quarter valued at approximately $318,000. Cisco Systems Inc. purchased a new stake in shares of CoreWeave during the second quarter valued at approximately $173,493,000. Howard Financial Services LTD. purchased a new stake in shares of CoreWeave during the second quarter valued at approximately $489,000. Sivia Capital Partners LLC purchased a new stake in shares of CoreWeave during the second quarter valued at approximately $39,824,000. Finally, Fox Hill Wealth Management purchased a new stake in shares of CoreWeave during the second quarter valued at approximately $858,000.

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.