CoreWeave (NASDAQ:CRWV) Upgraded by Rosenblatt Securities to “Strong-Buy” Rating

Rosenblatt Securities upgraded shares of CoreWeave (NASDAQ:CRWV) to a strong-buy rating in a report released on Wednesday,Zacks.com reports.

Several other analysts have also recently weighed in on the stock. DA Davidson reissued a “neutral” rating and issued a $100.00 price objective (down from $175.00) on shares of CoreWeave in a research note on Monday, May 18th. Wells Fargo & Company upped their price target on CoreWeave from $135.00 to $155.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. 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 research report on Tuesday, March 24th. Weiss Ratings raised CoreWeave from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday. Finally, Needham & Company LLC reissued a “hold” rating on shares of CoreWeave in a research report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $135.00.

CoreWeave Price Performance

CoreWeave stock opened at $96.58 on Wednesday. The stock has a 50-day moving average price of $110.42 and a two-hundred day moving average price of $94.62. CoreWeave has a 12 month low of $63.80 and a 12 month high of $173.35. The company has a market capitalization of $43.23 billion, a PE ratio of -31.05 and a beta of 7.14. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 3.68.

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

Insider Activity

In related news, insider Brannin Mcbee sold 500 shares of the stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $111.27, for a total transaction of $55,635.00. Following the transaction, the insider directly owned 52,500 shares of the company’s stock, valued at $5,841,675. This represents a 0.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael N. Intrator sold 200,000 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $106.81, for a total value of $21,362,000.00. Following the completion of the sale, the chief executive officer owned 3,276,815 shares of the company’s stock, valued at approximately $349,996,610.15. This represents a 5.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 28,457,234 shares of company stock worth $3,225,112,891 in the last quarter.

Institutional Trading of CoreWeave

A number of hedge funds and other institutional investors have recently bought and sold shares of CRWV. Cornerstone Planning Group LLC lifted its stake in shares of CoreWeave by 272.8% in the fourth quarter. Cornerstone Planning Group LLC now owns 343 shares of the company’s stock valued at $25,000 after buying an additional 251 shares in the last quarter. KERR FINANCIAL PLANNING Corp acquired a new position in CoreWeave during the 3rd quarter valued at about $27,000. Cullen Frost Bankers Inc. increased its holdings in CoreWeave by 45.8% during the 4th quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock worth $28,000 after purchasing an additional 121 shares in the last quarter. Greenline Wealth Management LLC purchased a new stake in shares of CoreWeave in the fourth quarter worth approximately $28,000. Finally, Peterson Wealth Services lifted its holdings in shares of CoreWeave by 153.1% in the first quarter. Peterson Wealth Services now owns 405 shares of the company’s stock valued at $31,000 after purchasing an additional 245 shares in the last quarter.

Trending Headlines about CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Rosenblatt Securities initiated coverage with a Buy rating and a $250 price target, reinforcing the bullish view that CoreWeave could benefit from rising demand for AI infrastructure. Read More
• Positive Sentiment: BNP Paribas and other reports highlighted CoreWeave as a key beneficiary of the next AI chip cycle, while Cantor Fitzgerald reiterated an Overweight rating and a $167 target. Article Title
• Positive Sentiment: CoreWeave announced a partnership with Conapto to expand AI cloud capacity in Sweden, which supports the company’s growth narrative and international expansion. Article Title
• Neutral Sentiment: Several articles argue CoreWeave is one of the stocks that could double over the next two years, reflecting strong long-term enthusiasm but no new hard financial data. Article Title
• Negative Sentiment: CEO Michael Intrator sold shares under a pre-arranged trading plan, and insider Brannin McBee also sold stock. Even though the sales were planned, insider selling can still weigh on sentiment. SEC Filing

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.