Rosenblatt Securities Reaffirms “Buy” Rating for CoreWeave (NASDAQ:CRWV)

CoreWeave (NASDAQ:CRWV)‘s stock had its “buy” rating reiterated by equities researchers at Rosenblatt Securities in a research note issued on Thursday,Benzinga reports.

A number of other research firms have also commented on CRWV. Wolfe Research started coverage on CoreWeave in a report on Thursday, April 16th. They issued an “outperform” rating and a $150.00 target price for the company. Weiss Ratings raised CoreWeave from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, June 24th. Bank of America upgraded CoreWeave from a “neutral” rating to a “buy” rating and set a $100.00 price objective for the company in a report on Tuesday, March 24th. DA Davidson reissued a “neutral” rating and issued a $100.00 target price (down from $175.00) on shares of CoreWeave in a research report on Monday, May 18th. Finally, Oppenheimer upped their target price on shares of CoreWeave from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Twenty-one equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $135.00.

CoreWeave Trading Down 13.9%

NASDAQ:CRWV opened at $85.68 on Thursday. The stock has a market cap of $38.35 billion, a price-to-earnings ratio of -27.55 and a beta of 7.14. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 3.68. The company’s 50 day moving average price is $108.96 and its 200-day moving average price is $94.78. CoreWeave has a 52 week low of $63.80 and a 52 week high of $166.22.

CoreWeave (NASDAQ:CRWV) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($1.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.17) by ($0.23). The firm had revenue of $2.08 billion during the quarter. CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.The firm’s revenue was up 111.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.60) EPS. On average, equities research analysts forecast that CoreWeave will post -4.57 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Brian M. Venturo sold 76,924 shares of the company’s stock in a transaction on Wednesday, June 24th. The stock was sold at an average price of $101.32, for a total transaction of $7,793,939.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brannin Mcbee sold 56,707 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $95.69, for a total value of $5,426,292.83. Following the completion of the transaction, the insider directly owned 323,263 shares in the company, valued at $30,933,036.47. The trade was a 14.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 26,575,216 shares of company stock valued at $3,082,804,242 over the last 90 days.

Hedge Funds Weigh In On CoreWeave

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Sivia Capital Partners LLC bought a new stake in CoreWeave during the second quarter valued at approximately $39,824,000. Quantbot Technologies LP bought a new position in CoreWeave in the second quarter worth approximately $311,000. Invesco Ltd. purchased a new position in shares of CoreWeave during the 2nd quarter worth $882,000. First Trust Advisors LP purchased a new position in shares of CoreWeave during the 2nd quarter worth $20,260,000. Finally, Baird Financial Group Inc. bought a new stake in shares of CoreWeave during the 2nd quarter valued at $455,000.

Key CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Negative Sentiment: Bloomberg-linked reports that Meta is building out a cloud business and may sell surplus AI compute triggered fears of new competition in the AI infrastructure market, weighing on CoreWeave shares. Stock Market Today, July 1: CoreWeave Stock Tumbles as Meta Cloud Report Raises Customer Concerns
• Negative Sentiment: Bernstein warned that hyperscalers are likely to compete more directly with CoreWeave over time, reinforcing concerns that the company’s business model could face tougher pricing and customer retention pressure. CRWV Stock Draws Investor Buzz As Bernstein Says It’s A Matter Of Time Before Hyperscalers Compete Head-On With CoreWeave
• Negative Sentiment: Multiple insider sales by CoreWeave insider Brannin Mcbee, including a $5.4 million sale on June 30, added to the weak sentiment, even though the transactions were tied to a 10b5-1 plan and tax withholding on equity vesting. Insider Selling: CoreWeave (NASDAQ:CRWV) Insider Sells $5,426,292.83 in Stock
• Neutral Sentiment: Some commentary argued the selloff may be overdone because CoreWeave still has a large AI backlog and strong demand for its cloud capacity, but that bullish argument has not yet offset the broader risk-off move. CoreWeave (CRWV) Stock May Still Look Cheap Following Record AI Backlog
• Neutral Sentiment: CoreWeave also expanded its Livingston headquarters by 31,000 square feet, a sign of continued business growth, but the news was not enough to change the stock’s direction. CoreWeave Expands HQ with Additional 31,000 SF in Livingston

About CoreWeave

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.