CoreWeave (NASDAQ:CRWV) Earns Outperform Rating from Analysts at Evercore ISI

Evercore ISI assumed coverage on shares of CoreWeave (NASDAQ:CRWV) in a research note issued to investors on Tuesday morning, Marketbeat.com reports. The brokerage issued an outperform rating and a $175.00 target price on the stock.

Several other equities research analysts also recently weighed in on the stock. Mizuho reissued a “neutral” rating and set a $150.00 price target (up previously from $70.00) on shares of CoreWeave in a research report on Tuesday, July 8th. Hsbc Global Res upgraded CoreWeave to a “moderate sell” rating in a report on Thursday, July 17th. Northland Securities raised their price target on shares of CoreWeave from $85.00 to $165.00 and gave the company an “outperform” rating in a report on Friday, July 18th. Seaport Res Ptn raised shares of CoreWeave to a “hold” rating in a report on Monday, September 15th. Finally, Wells Fargo & Company upgraded shares of CoreWeave from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $105.00 to $170.00 in a research report on Tuesday, September 23rd. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eleven 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 “Moderate Buy” and a consensus target price of $127.64.

CoreWeave Stock Up 0.7%

CRWV opened at $138.00 on Tuesday. The stock has a 50-day moving average of $111.53. CoreWeave has a 1 year low of $33.51 and a 1 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) last announced its quarterly earnings data on Tuesday, August 12th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.07). The company had revenue of $1.21 million for the quarter. The business’s 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.

Insider Buying and Selling at CoreWeave

In other CoreWeave news, insider Brannin Mcbee sold 157,903 shares of the company’s stock in a transaction that occurred on Tuesday, September 30th. The shares were sold at an average price of $138.59, for a total transaction of $21,883,776.77. Following the completion of the sale, the insider directly owned 185,181 shares of the company’s stock, valued at approximately $25,664,234.79. This represents a 46.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael N. Intrator sold 78,548 shares of the stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $139.44, for a total transaction of $10,952,733.12. Following the completion of the transaction, the chief executive officer owned 7,150,230 shares in the company, valued at $997,028,071.20. The trade was a 1.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 23,131,600 shares of company stock valued at $2,692,449,288.

Institutional Trading of CoreWeave

Several hedge funds have recently bought and sold shares of CRWV. Vigilare Wealth Management purchased a new stake in CoreWeave in the third quarter worth about $416,000. Corient Private Wealth LLC purchased a new stake in CoreWeave in the 2nd quarter worth approximately $460,000. Centaurus Financial Inc. purchased a new stake in CoreWeave in the 2nd quarter worth approximately $138,000. Squarepoint Ops LLC bought a new stake in CoreWeave during the 2nd quarter worth approximately $629,000. Finally, Munro Partners purchased a new position in CoreWeave during the second quarter valued at approximately $1,871,000.

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.