CoreWeave (NASDAQ:CRWV) Now Covered by Analysts at Compass Point

Compass Point started coverage on shares of CoreWeave (NASDAQ:CRWV) in a research report released on Thursday,Benzinga reports. The brokerage issued a buy rating and a $150.00 price objective on the stock.

A number of other research firms have also recently issued reports on CRWV. Melius raised CoreWeave from a “hold” rating to a “buy” rating and set a $165.00 target price for the company in a research note on Tuesday, September 23rd. Hsbc Global Res upgraded CoreWeave to a “moderate sell” rating in a research report on Thursday, July 17th. Wells Fargo & Company dropped their target price on shares of CoreWeave from $170.00 to $150.00 and set an “overweight” rating on the stock in a report on Wednesday. Arete Research raised shares of CoreWeave from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 21st. Finally, Seaport Res Ptn raised shares of CoreWeave to a “hold” rating in a research report on Monday, September 15th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $128.62.

CoreWeave Stock Down 8.3%

Shares of NASDAQ:CRWV opened at $78.34 on Thursday. The company has a 50 day moving average price of $123.05 and a two-hundred day moving average price of $118.32. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.52 and a current ratio of 0.52. The company has a market capitalization of $38.27 billion and a PE ratio of -68.72. CoreWeave has a 52 week low of $33.51 and a 52 week high of $187.00.

CoreWeave (NASDAQ:CRWV) last announced its quarterly earnings results on Monday, November 10th. The company reported ($0.22) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.36) by $0.14. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period last year, the firm earned ($1.82) EPS. CoreWeave’s quarterly revenue was up 133.7% on a year-over-year basis. CoreWeave has set its FY 2025 guidance at EPS.

Insider Activity at CoreWeave

In other CoreWeave news, Director Jack D. Cogen sold 1,112,004 shares of CoreWeave stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $94.69, for a total value of $105,295,658.76. Following the sale, the director directly owned 12,329,676 shares in the company, valued at approximately $1,167,497,020.44. The trade was a 8.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Magnetar Financial Llc sold 1,451,063 shares of the business’s stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $125.60, for a total transaction of $182,253,512.80. Following the sale, the insider directly owned 363,631 shares in the company, valued at $45,672,053.60. This trade represents a 79.96% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 34,841,785 shares of company stock valued at $4,401,996,484 over the last ninety days.

Institutional Trading of CoreWeave

Hedge funds and other institutional investors have recently modified their holdings of the stock. Nvidia Corp boosted its position in CoreWeave by 0.4% during the second quarter. Nvidia Corp now owns 24,277,573 shares of the company’s stock valued at $3,958,701,000 after purchasing an additional 95,113 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of CoreWeave by 109.7% during the 3rd quarter. Vanguard Group Inc. now owns 7,433,501 shares of the company’s stock worth $1,017,275,000 after purchasing an additional 3,888,164 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of CoreWeave by 55,329.7% in the 3rd quarter. Invesco Ltd. now owns 2,999,300 shares of the company’s stock valued at $410,454,000 after buying an additional 2,993,889 shares during the last quarter. Lavaca Capital LLC bought a new position in shares of CoreWeave in the third quarter valued at $273,700,000. Finally, First Trust Advisors LP increased its holdings in CoreWeave by 1,464.9% during the third quarter. First Trust Advisors LP now owns 1,944,348 shares of the company’s stock worth $266,084,000 after buying an additional 1,820,101 shares during the last quarter.

CoreWeave Company Profile

CoreWeave, Inc engages in the powers of the creation and delivery of the intelligence that drives innovation. It offers a solution used by organizations of all sizes that require sophisticated AI computing, from the largest of enterprises to small, well-funded start-ups. The company was founded by Michael Intrator, Brian Venturo, and Brannin McBee on September 21, 2017 and is headquartered in Livingston, NJ.