CoreWeave (NASDAQ:CRWV) Upgraded by Melius Research to Strong-Buy Rating

CoreWeave (NASDAQ:CRWV - Get Free Report) was upgraded by stock analysts at Melius Research from a "hold" rating to a "strong-buy" rating in a report released on Tuesday,Zacks.com reports.

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Several other research firms have also issued reports on CRWV. Arete Research upgraded shares of CoreWeave from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 21st. Mizuho reaffirmed a "neutral" rating and issued a $150.00 price objective (up from $70.00) on shares of CoreWeave in a research report on Tuesday, July 8th. Moffett Nathanson lifted their target price on shares of CoreWeave from $56.00 to $65.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 19th. Cantor Fitzgerald restated an "overweight" rating and issued a $116.00 target price on shares of CoreWeave in a research note on Tuesday, September 16th. Finally, Arete raised CoreWeave from a "neutral" rating to a "buy" rating and set a $180.00 target price for the company in a report on Thursday, August 21st. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $124.96.

View Our Latest Stock Report on CRWV

CoreWeave Price Performance

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Shares of CoreWeave stock opened at $130.89 on Tuesday. CoreWeave has a 52 week low of $33.51 and a 52 week high of $187.00. The company has a debt-to-equity ratio of 2.79, a current ratio of 0.52 and a quick ratio of 0.52. The business has a 50 day moving average of $111.21.

CoreWeave (NASDAQ:CRWV - Get Free Report) last announced 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 during the quarter. The company's 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.

Insiders Place Their Bets

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In other CoreWeave news, major shareholder Magnetar Financial Llc sold 734,110 shares of CoreWeave stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $132.42, for a total transaction of $97,210,846.20. Following the completion of the transaction, the insider owned 360,900 shares of the company's stock, valued at $47,790,378. The trade was a 67.04% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Brian M. Venturo sold 281,250 shares of the company's stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $118.68, for a total value of $33,378,750.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,826,137 shares of company stock worth $1,965,482,165.

Hedge Funds Weigh In On CoreWeave

Large investors have recently modified their holdings of the company. Cisco Systems Inc. bought a new stake in CoreWeave during the 2nd quarter worth approximately $173,493,000. Geode Capital Management LLC grew its position in shares of CoreWeave by 142.6% during the 2nd quarter. Geode Capital Management LLC now owns 716,178 shares of the company's stock valued at $116,809,000 after purchasing an additional 420,915 shares in the last quarter. Lmdagg L.L.C. purchased a new position in shares of CoreWeave during the 2nd quarter valued at $48,030,000. Sivia Capital Partners LLC bought a new position in shares of CoreWeave in the second quarter worth $39,824,000. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of CoreWeave in the second quarter worth $34,284,000.

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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