CoreWeave (NASDAQ:CRWV) Given New $60.00 Price Target at Stifel Nicolaus

CoreWeave (NASDAQ:CRWV) had its price objective lowered by investment analysts at Stifel Nicolaus from $120.00 to $60.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has a “hold” rating on the stock. Stifel Nicolaus‘s price objective points to a potential upside of 23.13% from the company’s previous close.

CRWV has been the topic of a number of other reports. Piper Sandler dropped their target price on CoreWeave from $153.00 to $124.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 21st. Truist Financial increased their price target on CoreWeave from $155.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, August 24th. Btg Pactual set a $125.00 price objective on CoreWeave in a report on Monday, September 21st. Robert W. Baird boosted their price objective on CoreWeave from $100.00 to $130.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of CoreWeave in a research note on Wednesday. Twenty-seven research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $121.58.

CoreWeave Stock Down 0.5%

CRWV opened at $48.73 on Wednesday. CoreWeave has a fifty-two week low of $40.58 and a fifty-two week high of $138.25. The company has a debt-to-equity ratio of 5.53, a quick ratio of 0.46 and a current ratio of 0.46. The company has a fifty day moving average of $74.13 and a two-hundred day moving average of $89.44. The stock has a market capitalization of $22.36 billion, a price-to-earnings ratio of -13.35 and a beta of 7.71.

CoreWeave (NASDAQ:CRWV) last issued its quarterly earnings data 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. 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 during the quarter. During the same quarter last year, the company posted ($0.27) EPS. The company’s revenue was up 112.5% on a year-over-year basis. On average, research analysts expect that CoreWeave will post -4.99 earnings per share for the current year.

Insider Buying and Selling at CoreWeave

In related news, insider Jeff Baker sold 6,670 shares of the company’s stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $61.16, for a total transaction of $407,937.20. Following the completion of the transaction, the insider owned 14,170 shares in the company, valued at $866,637.20. This represents a 32.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Nitin Agrawal sold 22,579 shares of the company’s stock in a transaction dated Monday, October 12th. The stock was sold at an average price of $80.13, for a total transaction of $1,809,255.27. Following the transaction, the chief financial officer owned 110,017 shares of the company’s stock, valued at approximately $8,815,662.21. This trade represents a 17.03% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 3,727,018 shares of company stock valued at $337,495,407. Corporate insiders own 24.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CRWV. Alyeska Investment Group L.P. grew its stake in CoreWeave by 55.7% during the 2nd quarter. Alyeska Investment Group L.P. now owns 10,891,267 shares of the company’s stock valued at $1,084,117,000 after acquiring an additional 3,897,741 shares in the last quarter. State Street Corp lifted its stake in CoreWeave by 139.7% in the 2nd quarter. State Street Corp now owns 7,058,846 shares of the company’s stock worth $702,638,000 after purchasing an additional 4,113,873 shares in the last quarter. Bank of America Corp DE lifted its stake in CoreWeave by 13.1% in the 1st quarter. Bank of America Corp DE now owns 5,652,129 shares of the company’s stock worth $437,870,000 after purchasing an additional 653,398 shares in the last quarter. Amundi lifted its stake in CoreWeave by 266.2% in the 1st quarter. Amundi now owns 3,284,121 shares of the company’s stock worth $254,421,000 after purchasing an additional 2,387,337 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of CoreWeave by 32.0% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,288,909 shares of the company’s stock worth $199,410,000 after purchasing an additional 555,128 shares during the last quarter.

CoreWeave News Summary

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Strong results and higher guidance: CoreWeave’s revenue exceeded estimates, its quarterly loss was narrower than expected, and management raised its full-year outlook. The report helped ease concerns that AI infrastructure demand may be slowing. Reuters earnings report
• Positive Sentiment: Demand and customer funding: The company reported a backlog of about $132.5 billion and expects roughly $9 billion in customer prepayments and deposits over the next three months. These figures support demand visibility and could help fund capacity growth. Yahoo Finance outlook report
• Positive Sentiment: Analyst support: Citizens reiterated its Market Outperform rating and $180 price target, citing potential upside if growth continues. Finbold analyst report
• Neutral Sentiment: Insider sale tied to taxes: COO Sachin Jain sold 13,611 shares to cover tax withholding on vested equity awards and retained 177,224 shares; the stated reason makes the transaction less clearly bearish. Insider-trading report
• Negative Sentiment: Financing and cash-flow risks remain: The data-center buildout is capital-intensive, and CoreWeave’s debt burden and financing costs remain a concern. Continued reliance on capital markets could constrain expansion or weigh on profitability if funding becomes more expensive or difficult to obtain. Wall Street Journal financing report

CoreWeave Company Profile

CoreWeave is a cloud computing company that provides infrastructure for artificial intelligence, machine learning, and other compute-intensive workloads. Its services include access to graphics processing units (GPUs), cloud storage and networking, and software tools for deploying and managing workloads. The company was founded in 2017 as a cryptocurrency mining business and later shifted its focus to cloud computing. CoreWeave is headquartered in Livingston, New Jersey, and operates data center infrastructure in the United States and Europe, serving customers that need large-scale computing resources.