CoreWeave (NASDAQ:CRWV) Upgraded at JMP Securities

JMP Securities upgraded shares of CoreWeave (NASDAQ:CRWV) from a market perform rating to a market outperform rating in a research note released on Tuesday morning,Benzinga reports. The firm currently has $180.00 price target on the stock.

Other research analysts have also issued research reports about the stock. Stifel Nicolaus upped their price objective on shares of CoreWeave from $115.00 to $120.00 and gave the company a “hold” rating in a research report on Wednesday, August 13th. Morgan Stanley upped their price target on CoreWeave from $58.00 to $91.00 and gave the company an “equal weight” rating in a report on Thursday, July 31st. Mizuho reiterated a “neutral” rating and issued a $150.00 price objective (up previously from $70.00) on shares of CoreWeave in a research report on Tuesday, July 8th. Barclays boosted their price objective on CoreWeave from $100.00 to $140.00 and gave the company an “equal weight” rating in a research report on Monday, July 21st. Finally, Arete raised CoreWeave from a “neutral” rating to a “buy” rating and set a $180.00 target price for the company in a research report on Thursday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $114.16.

CoreWeave Price Performance

NASDAQ CRWV opened at $121.39 on Tuesday. The business’s 50-day simple moving average is $111.41. CoreWeave has a twelve month low of $33.51 and a twelve month high of $187.00. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 2.79.

CoreWeave (NASDAQ:CRWV) last issued its quarterly earnings results on Tuesday, August 12th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.07). The business had revenue of $1.21 million during the quarter. The firm’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 Transactions at CoreWeave

In related news, insider Brannin Mcbee sold 250,000 shares of the company’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $118.17, for a total value of $29,542,500.00. Following the completion of the transaction, the insider directly owned 121,965 shares of the company’s stock, valued at approximately $14,412,604.05. This represents a 67.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Nitin Agrawal sold 38,422 shares of CoreWeave stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $118.18, for a total value of $4,540,711.96. Following the completion of the sale, the chief financial officer directly owned 145,588 shares in the company, valued at approximately $17,205,589.84. This represents a 20.88% decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,775,454 shares of company stock valued at $1,334,210,633 over the last quarter.

Institutional Investors Weigh In On CoreWeave

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Gamco Investors INC. ET AL acquired a new position in shares of CoreWeave during the 1st quarter worth about $318,000. Howard Financial Services LTD. acquired a new stake in shares of CoreWeave in the second quarter valued at about $489,000. Sivia Capital Partners LLC bought a new stake in shares of CoreWeave during the 2nd quarter worth approximately $39,824,000. Fox Hill Wealth Management acquired a new stake in CoreWeave in the 2nd quarter worth about $858,000. Finally, Hedges Asset Management LLC bought a new stake in shares of CoreWeave during the 2nd quarter valued at $391,000.

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.