CoreWeave (NASDAQ:CRWV) Trading Up 1.6% on Analyst Upgrade

CoreWeave Inc. (NASDAQ:CRWV)’s stock price was up 1.6% during trading on Tuesday after JPMorgan Chase & Co. upgraded the stock from a neutral rating to an overweight rating. JPMorgan Chase & Co. now has a $125.00 price target on the stock, up from their previous price target of $120.00. CoreWeave traded as high as $89.23 and last traded at $86.76. 26,248,546 shares traded hands during trading, a decline of 8% from the average daily volume of 28,585,039 shares. The stock had previously closed at $85.43.

Several other brokerages have also recently weighed in on CRWV. Btg Pactual set a $125.00 target price on CoreWeave in a research note on Monday. Wolfe Research reiterated an “outperform” rating on shares of CoreWeave in a research report on Monday, July 6th. BTIG Research initiated coverage on shares of CoreWeave in a report on Wednesday, July 22nd. They issued a “buy” rating for the company. Cantor Fitzgerald set a $176.00 price objective on shares of CoreWeave and gave the company an “overweight” rating in a research report on Wednesday, August 12th. Finally, Wells Fargo & Company lifted their price objective on shares of CoreWeave from $155.00 to $160.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, nine have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, CoreWeave currently has a consensus rating of “Moderate Buy” and a consensus target price of $138.78.

Insider Activity

In related news, insider Kristen J. Mcveety sold 97,500 shares of the company’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $93.94, for a total transaction of $9,159,150.00. Following the completion of the sale, the insider directly owned 123,313 shares of the company’s stock, valued at approximately $11,584,023.22. This represents a 44.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Nitin Agrawal sold 66,576 shares of CoreWeave stock in a transaction on Monday, September 14th. The stock was sold at an average price of $83.70, for a total transaction of $5,572,411.20. Following the completion of the transaction, the chief financial officer owned 188,360 shares in the company, valued at $15,765,732. This trade represents a 26.11% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 6,380,334 shares of company stock valued at $561,507,579 over the last three months. Corporate insiders own 24.20% of the company’s stock.

CoreWeave News Summary

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: JPMorgan upgraded CoreWeave to “overweight” and raised its price target to $125 from $120, implying substantial upside from the referenced $86.90 price. CoreWeave trending and JPMorgan upgrade
• Positive Sentiment: UBS initiated coverage with a Buy or “strong-buy” rating and a $120 target. UBS cited resilient AI-compute demand and argued that cautious sentiment and a valuation of roughly three times expected 2027 revenue may not reflect CoreWeave’s growth prospects. UBS initiates coverage of CoreWeave
• Positive Sentiment: A new multi-year agreement with Harell Data will place the customer’s secure AI model-training, fine-tuning and inference workloads on CoreWeave Cloud, supporting the company’s backlog and revenue visibility. Harell Data selects CoreWeave
• Positive Sentiment: CoreWeave earned SemiAnalysis’ Platinum ClusterMAX rating for the third consecutive evaluation, making it the only provider to receive the highest distinction each time. The recognition reinforces its positioning on AI-cloud performance, reliability and scalability. CoreWeave earns Platinum ClusterMAX rating
• Neutral Sentiment: The rollout of NVIDIA Vera Rubin NVL72 clusters and upgraded AI storage expands CoreWeave’s ability to serve large-scale training, inference and agentic-AI workloads, though the financial impact will depend on customer adoption and deployment costs.
• Negative Sentiment: CoreWeave completed an upsized convertible-notes offering reported at approximately $3.7 billion in notes and $4.2 billion in total deal value. The financing supports rapid data-center expansion but increases debt, interest obligations and potential shareholder dilution. This adds to concerns reflected in the company’s 5.53 debt-to-equity ratio and 0.46 current ratio. CoreWeave convertible notes deal

Institutional Trading of CoreWeave

A number of hedge funds have recently bought and sold shares of CRWV. State Street Corp raised its position in shares of CoreWeave by 139.7% during the second quarter. State Street Corp now owns 7,058,846 shares of the company’s stock valued at $702,638,000 after buying an additional 4,113,873 shares during the last quarter. Alyeska Investment Group L.P. boosted its holdings in shares of CoreWeave by 55.7% in the 2nd quarter. Alyeska Investment Group L.P. now owns 10,891,267 shares of the company’s stock worth $1,084,117,000 after acquiring an additional 3,897,741 shares in the last quarter. Deutsche Bank AG increased its holdings in CoreWeave by 22,624.0% during the 4th quarter. Deutsche Bank AG now owns 3,812,856 shares of the company’s stock valued at $273,039,000 after purchasing an additional 3,796,077 shares in the last quarter. Altimeter Capital Management LP bought a new stake in shares of CoreWeave during the fourth quarter worth $230,099,000. Finally, Amundi lifted its position in CoreWeave by 266.2% during the 1st quarter. Amundi now owns 3,284,121 shares of the company’s stock worth $254,421,000 after buying an additional 2,387,337 shares in the last quarter.

CoreWeave Stock Performance

The company has a market capitalization of $40.87 billion, a P/E ratio of -24.35 and a beta of 7.45. The company has a debt-to-equity ratio of 5.53, a current ratio of 0.46 and a quick ratio of 0.46. The stock’s 50 day simple moving average is $85.46 and its two-hundred day simple moving average is $94.28.

CoreWeave (NASDAQ:CRWV) last posted its quarterly earnings results on Tuesday, August 11th. The company reported ($1.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.52) by $0.38. The business had revenue of $2.58 billion during the quarter. CoreWeave had a negative net margin of 25.41% and a negative return on equity of 47.95%. The company’s quarterly revenue was up 112.5% on a year-over-year basis. During the same period last year, the firm earned ($0.27) earnings per share. As a group, research analysts expect that CoreWeave Inc. will post -5.19 earnings per share for the current year.

CoreWeave Company Profile

CoreWeave, Inc is a specialized cloud computing provider focused on infrastructure for artificial intelligence, machine learning, high-performance computing and other data-intensive workloads. The company provides access to accelerated computing resources, particularly graphics processing units (GPUs), through a cloud platform designed for large-scale training, inference, rendering and scientific computing.

Its offerings include on-demand and reserved GPU instances, cloud storage, high-speed networking, Kubernetes-based container orchestration and managed services for deploying and scaling workloads.