Sanford C. Bernstein Initiates Coverage on CoreWeave (NASDAQ:CRWV)

Equities researchers at Sanford C. Bernstein assumed coverage on shares of CoreWeave (NASDAQ:CRWV) in a research note issued on Thursday, Marketbeat reports. The firm set an “underperform” rating and a $56.00 price target on the stock. Sanford C. Bernstein’s price objective would indicate a potential downside of 23.28% from the company’s previous close.

CRWV has been the subject of several other research reports. Stifel Nicolaus set a $120.00 price target on CoreWeave in a report on Tuesday, November 11th. HC Wainwright reissued a “buy” rating and issued a $180.00 target price on shares of CoreWeave in a report on Monday, March 2nd. Barclays reduced their price target on shares of CoreWeave from $120.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Monday, January 12th. The Goldman Sachs Group initiated coverage on shares of CoreWeave in a research report on Monday, January 12th. They set a “neutral” rating and a $86.00 price objective for the company. Finally, Citigroup reduced their target price on shares of CoreWeave from $135.00 to $126.00 and set a “buy” rating on the stock in a report on Wednesday. Eighteen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $122.35.

CoreWeave Price Performance

Shares of NASDAQ:CRWV opened at $72.99 on Thursday. The firm has a market cap of $30.58 billion and a price-to-earnings ratio of -22.81. The firm has a fifty day moving average price of $88.48 and a 200 day moving average price of $98.68. CoreWeave has a fifty-two week low of $33.51 and a fifty-two week high of $187.00. The company has a debt-to-equity ratio of 4.46, a quick ratio of 0.49 and a current ratio of 0.46.

CoreWeave (NASDAQ:CRWV) last announced its quarterly earnings results on Thursday, February 26th. The company reported ($0.89) EPS for the quarter, missing the consensus estimate of ($0.61) by ($0.28). The company had revenue of $1.57 billion during the quarter. CoreWeave had a negative return on equity of 33.82% and a negative net margin of 22.75%.The business’s revenue was up 110.4% on a year-over-year basis.

Insider Activity

In other CoreWeave news, insider Brannin Mcbee sold 102,835 shares of CoreWeave stock in a transaction on Monday, December 15th. The shares were sold at an average price of $73.57, for a total transaction of $7,565,570.95. Following the completion of the transaction, the insider directly owned 185,181 shares of the company’s stock, valued at $13,623,766.17. The trade was a 35.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael N. Intrator sold 111,427 shares of the business’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $72.39, for a total transaction of $8,066,200.53. Following the transaction, the chief executive officer owned 5,922,620 shares in the company, valued at $428,738,461.80. This trade represents a 1.85% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 4,621,335 shares of company stock valued at $395,458,845.

Institutional Investors Weigh In On CoreWeave

Several institutional investors have recently made changes to their positions in the company. Cornerstone Planning Group LLC grew its holdings in CoreWeave by 272.8% during the 4th quarter. Cornerstone Planning Group LLC now owns 343 shares of the company’s stock valued at $25,000 after purchasing an additional 251 shares during the last quarter. Family Legacy Financial Solutions LLC raised its position in CoreWeave by 166.7% in the 3rd quarter. Family Legacy Financial Solutions LLC now owns 200 shares of the company’s stock worth $27,000 after purchasing an additional 125 shares during the period. HighMark Wealth Management LLC bought a new stake in CoreWeave in the third quarter worth about $27,000. OLD Second National Bank of Aurora purchased a new position in shares of CoreWeave during the third quarter valued at approximately $27,000. Finally, KERR FINANCIAL PLANNING Corp purchased a new position in shares of CoreWeave during the third quarter valued at approximately $27,000.

Key Headlines Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Won a multi‑year agreement to power Perplexity’s AI inference workloads, validating CoreWeave’s performance positioning in the high‑margin inference market and supporting long‑term revenue growth. Read More.
• Positive Sentiment: Backlog surged to $66.8B (up >4x YoY), giving strong contract visibility that supports management’s aggressive expansion plan and future revenue conversion. Read More.
• Positive Sentiment: Oppenheimer initiated coverage with an “Outperform” and a $140 price target, signaling conviction in CRWV’s multi‑year growth runway despite current headwinds. Read More.
• Neutral Sentiment: Company presented at the Morgan Stanley TMT conference (analyst/transcript coverage) — useful for model/visibility but not an immediate catalyst. Read More.
• Negative Sentiment: Multiple class‑action filings and numerous law‑firm deadline notices following Q4 results — litigation risk, potential legal costs and management distraction that typically pressure share prices. Read More.
• Negative Sentiment: Large Q4 loss (~$452M), soft guidance and reports of a $30–$35B 2026 capex plan have sparked “capex shock” concerns — raises near‑term cash‑flow and profitability risk despite backlog. Read More. Read More.
• Negative Sentiment: Negative analyst moves (Sanford C. Bernstein “underperform/strong sell” coverage) and recent CFO share sales amplify downside sentiment and signal caution to some investors. Read More. Read More.

CoreWeave Company Profile

CoreWeave is a U.S.-based provider of GPU-accelerated cloud infrastructure designed to support compute-intensive workloads such as artificial intelligence, machine learning, visual effects rendering and other high-performance computing applications. The company supplies access to large fleets of modern GPUs and complementary infrastructure that enable customers to train and deploy large models, run inference at scale, and process graphics-heavy workloads with low latency and high throughput.

CoreWeave’s product offering includes on-demand and dedicated GPU instances, bare-metal servers, private clusters and managed services tailored for enterprise and developer use.