CoreWeave (NASDAQ:CRWV) Raised to Buy at HC Wainwright

CoreWeave (NASDAQ:CRWV) was upgraded by investment analysts at HC Wainwright from a “neutral” rating to a “buy” rating in a report released on Thursday, Marketbeat.com reports. The brokerage presently has a $180.00 target price on the stock. HC Wainwright’s price target points to a potential upside of 91.51% from the company’s previous close.

Several other brokerages also recently issued reports on CRWV. Arete Research upgraded shares of CoreWeave to a “hold” rating in a report on Thursday, June 5th. Macquarie upped their price target on shares of CoreWeave from $65.00 to $115.00 and gave the stock a “neutral” rating in a report on Wednesday, August 13th. Wall Street Zen downgraded shares of CoreWeave from a “hold” rating to a “sell” rating in a report on Thursday, May 22nd. Moffett Nathanson upped their price target on shares of CoreWeave from $56.00 to $65.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, Argus reiterated a “buy” rating and set a $200.00 price target on shares of CoreWeave in a report on Thursday, August 14th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, fifteen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $107.05.

CoreWeave Price Performance

Shares of NASDAQ:CRWV opened at $93.99 on Thursday. The company has a 50 day moving average price of $133.71. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 2.79. CoreWeave has a 1 year low of $33.51 and a 1 year high of $187.00.

CoreWeave (NASDAQ:CRWV) last announced its quarterly earnings data on Tuesday, August 12th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.07). The company had revenue of $1.21 million for the quarter. CoreWeave’s quarterly revenue was up 206.7% compared to the same quarter last year. CoreWeave has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

Insider Buying and Selling

In related news, major shareholder Magnetar Financial Llc sold 549,682 shares of the business’s stock in a transaction on Monday, August 18th. The shares were sold at an average price of $100.78, for a total value of $55,396,951.96. Following the sale, the insider owned 395,707 shares of the company’s stock, valued at $39,879,351.46. The trade was a 58.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Brannin Mcbee sold 375,000 shares of the business’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $91.71, for a total transaction of $34,391,250.00. The disclosure for this sale can be found here. Insiders have sold a total of 3,422,678 shares of company stock valued at $333,910,148 over the last quarter.

Institutional Trading of CoreWeave

Several institutional investors have recently modified their holdings of the business. B. Riley Wealth Advisors Inc. bought a new stake in shares of CoreWeave in the second quarter worth $467,000. Newbridge Financial Services Group Inc. bought a new stake in CoreWeave during the second quarter valued at $1,019,000. Marex Group plc bought a new stake in CoreWeave during the second quarter valued at $949,000. Advisory Services Network LLC bought a new stake in CoreWeave during the second quarter valued at $2,048,000. Finally, State of Wyoming bought a new stake in CoreWeave during the second quarter valued at $288,000.

About CoreWeave

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.