CoreWeave (NASDAQ:CRWV) Upgraded at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of CoreWeave (NASDAQ:CRWV) from a neutral rating to a buy rating in a research report sent to investors on Monday, MarketBeat reports. The brokerage currently has $106.00 price target on the stock.

Several other analysts also recently weighed in on the stock. Wells Fargo & Company lifted their target price on shares of CoreWeave from $155.00 to $160.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. TD Cowen raised CoreWeave to a “buy” rating in a research report on Wednesday, July 22nd. Robert W. Baird upped their price target on CoreWeave from $100.00 to $130.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. Raymond James Financial cut CoreWeave from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Finally, Northland Securities set a $200.00 price target on CoreWeave in a research report on Wednesday, October 7th. Twenty-five equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, CoreWeave currently has a consensus rating of “Moderate Buy” and an average price target of $131.57.

CoreWeave Stock Performance

Shares of CRWV stock opened at $61.82 on Monday. CoreWeave has a 1-year low of $57.24 and a 1-year high of $141.79. The company has a 50-day moving average of $84.98 and a two-hundred day moving average of $94.22. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 5.53.

CoreWeave (NASDAQ:CRWV) last released its quarterly earnings results on Tuesday, August 11th. The company reported ($1.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.52) by $0.38. CoreWeave had a negative net margin of 25.41% and a negative return on equity of 47.95%. The business had revenue of $2.58 billion for the quarter. During the same period last year, the firm posted ($0.27) earnings per share. CoreWeave’s revenue was up 112.5% on a year-over-year basis. Equities analysts anticipate that CoreWeave will post -4.95 earnings per share for the current fiscal year.

Insider Activity at CoreWeave

In related news, major shareholder Magnetar Financial Llc sold 307,131 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $108.75, for a total transaction of $33,400,496.25. Following the sale, the insider directly owned 220,810 shares of the company’s stock, valued at $24,013,087.50. This represents a 58.18% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael Intrator sold 200,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $66.62, for a total transaction of $13,324,000.00. Following the sale, the chief executive officer directly owned 2,276,815 shares in the company, valued at approximately $151,681,415.30. The trade was a 8.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 5,352,578 shares of company stock valued at $471,777,344. Insiders own 24.20% of the company’s stock.

Hedge Funds Weigh In On CoreWeave

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Essential Partners LLC acquired a new stake in shares of CoreWeave in the second quarter valued at approximately $30,000. MassMutual Private Wealth & Trust FSB grew its position in shares of CoreWeave by 241.1% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 307 shares of the company’s stock worth $27,000 after acquiring an additional 217 shares during the last quarter. Burnham & Co LLC purchased a new position in shares of CoreWeave during the second quarter worth approximately $32,000. Cassaday & Co Wealth Management LLC acquired a new position in shares of CoreWeave in the 1st quarter valued at $31,000. Finally, Allied Private Wealth LLC acquired a new position in shares of CoreWeave in the 2nd quarter valued at $40,000.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave launched its CoreWeave Zero Trust AI Framework, positioning the company to benefit from growing demand for secure, enterprise-grade AI infrastructure. CoreWeave launches CoreWeave Zero Trust AI Framework
• Positive Sentiment: Comments from SpaceX executives and analyst Gene Munster challenged fears of an AI-compute glut, with SpaceX reportedly expecting strong demand and a short payback period for its AI infrastructure investment. That supports the broader market for specialized cloud providers such as CoreWeave. SpaceX compute demand and glut fears
• Positive Sentiment: Jensen Huang does not appear to view CoreWeave’s outlook as impaired, while Nvidia’s investment and reliance on CoreWeave provide strategic validation. Analysts also point to multiyear contracts, GPU demand and the possibility that the AI infrastructure buildout has years to run. Nvidia CEO’s view on CoreWeave
• Neutral Sentiment: Wall Street remains sharply divided, with bullish price targets citing revenue growth and scarce data-center capacity, while bearish estimates emphasize leverage and margin risk. This disagreement is likely to keep CRWV highly volatile. Wall Street disagreement on CoreWeave
• Negative Sentiment: Rising bond yields and widening credit-default-swap spreads are increasing concern about CoreWeave’s ability to refinance its debt-funded expansion. Its elevated financing costs have prompted investors to question what additional funding options remain available. CoreWeave financing concerns
• Negative Sentiment: Bearish coverage highlights substantial debt, customer concentration, execution delays and a potential capacity glut. One analysis estimates a 55% probability of default over five years, while HSBC has warned that earnings expectations may be too optimistic. CoreWeave business model and default concerns

CoreWeave Company Profile

CoreWeave, Inc is a specialized cloud computing company that provides infrastructure designed for artificial intelligence (AI), machine learning, and other high-performance computing workloads. Its platform gives customers access to accelerated computing resources, including graphics processing units (GPUs), along with the networking, storage, and software tools needed to develop, train, and deploy demanding applications.

The company offers cloud services for AI model training and inference, visual effects and rendering, scientific computing, and other data-intensive workloads.