CoreWeave (NASDAQ:CRWV) Shares Up 1.8% After Analyst Upgrade

Shares of CoreWeave Inc. (NASDAQ:CRWV) were up 1.8% during trading on Monday 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 $126.50 and last traded at $122.52. Approximately 22,421,365 shares changed hands during mid-day trading, an increase of 0% from the average daily volume of 22,415,975 shares. The stock had previously closed at $120.34.

Several other brokerages have also recently weighed in on CRWV. Mizuho restated a “neutral” rating and issued a $150.00 price objective (up previously from $70.00) on shares of CoreWeave in a report on Tuesday, July 8th. Hsbc Global Res upgraded CoreWeave to a “moderate sell” rating in a research note on Thursday, July 17th. Raymond James Financial began coverage on CoreWeave in a research report on Monday, September 15th. They set an “outperform” rating and a $130.00 price target on the stock. Barclays raised their target price on shares of CoreWeave from $100.00 to $140.00 and gave the company an “equal weight” rating in a research note on Monday, July 21st. Finally, HSBC initiated coverage on shares of CoreWeave in a research report on Wednesday, July 16th. They set a “reduce” rating and a $32.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.89.

Insider Transactions at CoreWeave

In other CoreWeave news, major shareholder Magnetar Financial Llc sold 185,627 shares of the business’s stock in a transaction dated Thursday, September 25th. The shares were sold at an average price of $136.38, for a total value of $25,315,810.26. Following the completion of the sale, the insider owned 1,039,327 shares of the company’s stock, valued at $141,743,416.26. The trade was a 15.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Brannin Mcbee sold 250,000 shares of CoreWeave stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $131.83, for a total transaction of $32,957,500.00. Following the completion of the sale, the insider owned 121,965 shares of the company’s stock, valued at approximately $16,078,645.95. The trade was a 67.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,928,066 shares of company stock valued at $2,247,880,573.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cisco Systems Inc. acquired a new stake in CoreWeave during the second quarter worth about $173,493,000. Geode Capital Management LLC increased its stake in CoreWeave by 142.6% in the second quarter. Geode Capital Management LLC now owns 716,178 shares of the company’s stock valued at $116,809,000 after acquiring an additional 420,915 shares during the last quarter. Lmdagg L.L.C. bought a new stake in CoreWeave during the second quarter worth $48,030,000. Sivia Capital Partners LLC acquired a new stake in shares of CoreWeave in the 2nd quarter valued at $39,824,000. Finally, Sumitomo Mitsui Trust Group Inc. bought a new position in shares of CoreWeave in the 2nd quarter valued at $34,284,000.

CoreWeave Price 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 stock’s 50 day moving average price is $110.86.

CoreWeave (NASDAQ:CRWV) last released its quarterly earnings data 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 company had revenue of $1.21 million during the quarter. The company’s revenue for the quarter 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.

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.