CoreWeave (NASDAQ:CRWV) Stock Rating Upgraded by HC Wainwright

CoreWeave (NASDAQ:CRWV - Get Free Report) was upgraded by HC Wainwright from a "neutral" rating to a "buy" rating in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a $180.00 price objective on the stock. HC Wainwright's price objective would suggest a potential upside of 96.68% from the company's current price.

• CoreWeave Pulls Back Into a Screaming Buy

CRWV has been the topic of several other reports. HSBC began coverage on shares of CoreWeave in a report on Wednesday, July 16th. They issued a "reduce" rating and a $32.00 price target on the stock. Needham & Company LLC reissued a "hold" rating on shares of CoreWeave in a report on Wednesday, August 13th. Wells Fargo & Company increased their price target on shares of CoreWeave from $60.00 to $105.00 and gave the company an "equal weight" rating in a report on Wednesday, August 13th. Stifel Nicolaus increased their price target on shares of CoreWeave from $115.00 to $120.00 and gave the company a "hold" rating in a report on Wednesday, August 13th. Finally, Argus reissued a "buy" rating and issued a $200.00 price target on shares of CoreWeave in a report on Thursday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $104.67.

Get Our Latest Stock Analysis on CRWV

CoreWeave Trading Down 1.5%

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Shares of NASDAQ:CRWV opened at $91.52 on Thursday. CoreWeave has a 52-week low of $33.51 and a 52-week high of $187.00. The firm has a 50-day moving average price of $135.94. The company has a debt-to-equity ratio of 2.79, a current ratio of 0.52 and a quick ratio of 0.52.

CoreWeave (NASDAQ:CRWV - Get Free Report) last issued its earnings results on Tuesday, August 12th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.07). The company had revenue of $1.21 million for the quarter. The firm's revenue for the quarter was up 206.7% on a year-over-year basis. CoreWeave has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

Insider Activity at CoreWeave

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In other news, major shareholder Magnetar Financial Llc sold 915,382 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $100.15, for a total transaction of $91,675,507.30. Following the transaction, the insider directly owned 397,757 shares of the company's stock, valued at approximately $39,835,363.55. This trade represents a 69.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jack D. Cogen sold 1,000,000 shares of the firm's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $100.20, for a total transaction of $100,200,000.00. Following the transaction, the director directly owned 13,441,680 shares in the company, valued at $1,346,856,336. This represents a 6.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 2,465,064 shares of company stock worth $247,272,459 over the last ninety days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Chelsea Counsel Co. bought a new position in CoreWeave in the second quarter valued at approximately $33,000. Archer Investment Corp bought a new position in CoreWeave in the second quarter valued at approximately $34,000. Chilton Capital Management LLC bought a new position in CoreWeave in the second quarter valued at approximately $39,000. TD Waterhouse Canada Inc. acquired a new stake in CoreWeave in the second quarter valued at approximately $47,000. Finally, Montag A & Associates Inc. acquired a new stake in CoreWeave in the second quarter valued at approximately $49,000.

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.

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