CoreWeave Inc. (NASDAQ:CRWV – Get Free Report) has been given a consensus rating of “Moderate Buy” by the thirty-five analysts that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and twenty-one have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $135.00.
Several equities research analysts recently issued reports on the stock. Weiss Ratings upgraded shares of CoreWeave from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday. Truist Financial raised their target price on shares of CoreWeave from $85.00 to $131.00 and gave the stock a “hold” rating in a report on Friday, May 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $135.00 target price on shares of CoreWeave in a report on Friday, May 8th. HC Wainwright reiterated a “buy” rating and set a $180.00 price target on shares of CoreWeave in a research note on Monday, March 2nd. Finally, Needham & Company LLC reiterated a “hold” rating on shares of CoreWeave in a research note on Friday, February 27th.
Key CoreWeave News
- Positive Sentiment: Rosenblatt Securities initiated coverage on CoreWeave with a Buy rating and a $250 price target, signaling substantial upside if the company continues executing on growth. Rosenblatt initiates CoreWeave at Buy with $250 target
- Positive Sentiment: CoreWeave announced a partnership with Conapto to expand AI cloud capacity in Stockholm, Sweden, with renewable-powered data center campuses already coming online. That supports the company’s international growth narrative and adds capacity for AI demand. CoreWeave partners with Conapto to expand AI cloud capacity in Sweden
Insider Transactions at CoreWeave
In other news, major shareholder Magnetar Financial Llc sold 1,404,667 shares of CoreWeave stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $118.30, for a total transaction of $166,172,106.10. Following the transaction, the insider owned 282,570 shares in the company, valued at $33,428,031. This trade represents a 83.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jack D. Cogen sold 986,540 shares of CoreWeave stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $107.80, for a total transaction of $106,349,012.00. The SEC filing for this sale provides additional information. Insiders have sold 28,380,310 shares of company stock worth $3,217,318,952 in the last 90 days.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the business. Parallel Advisors LLC boosted its stake in shares of CoreWeave by 4.0% during the 1st quarter. Parallel Advisors LLC now owns 2,340 shares of the company’s stock worth $181,000 after acquiring an additional 91 shares during the last quarter. Pathway Wealth Management LLC lifted its stake in shares of CoreWeave by 2.9% during the 1st quarter. Pathway Wealth Management LLC now owns 3,593 shares of the company’s stock valued at $278,000 after buying an additional 100 shares in the last quarter. Azzad Asset Management Inc. ADV lifted its stake in shares of CoreWeave by 2.1% during the 1st quarter. Azzad Asset Management Inc. ADV now owns 5,020 shares of the company’s stock valued at $389,000 after buying an additional 104 shares in the last quarter. Hazlett Burt & Watson Inc. lifted its stake in shares of CoreWeave by 34.7% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 462 shares of the company’s stock valued at $33,000 after buying an additional 119 shares in the last quarter. Finally, Cullen Frost Bankers Inc. lifted its stake in shares of CoreWeave by 45.8% during the 4th quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock valued at $28,000 after buying an additional 121 shares in the last quarter.
CoreWeave Trading Down 2.1%
Shares of CRWV stock opened at $98.76 on Friday. CoreWeave has a 12-month low of $63.80 and a 12-month high of $173.35. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 3.68. The firm’s 50 day moving average is $110.86 and its 200 day moving average is $94.60. The stock has a market capitalization of $44.20 billion, a P/E ratio of -31.76 and a beta of 7.14.
CoreWeave (NASDAQ:CRWV – Get Free Report) last issued its earnings results on Thursday, May 7th. The company reported ($1.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.17) by ($0.23). CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.The company had revenue of $2.08 billion during the quarter. During the same quarter in the prior year, the company earned ($0.60) EPS. The company’s revenue was up 111.6% compared to the same quarter last year. Research analysts expect that CoreWeave will post -4.83 earnings per share for the current year.
CoreWeave Company Profile
CoreWeave is a U.S.-based provider of GPU-accelerated cloud infrastructure designed to support compute-intensive workloads such as artificial intelligence, machine learning, visual effects rendering and other high-performance computing applications. The company supplies access to large fleets of modern GPUs and complementary infrastructure that enable customers to train and deploy large models, run inference at scale, and process graphics-heavy workloads with low latency and high throughput.
CoreWeave’s product offering includes on-demand and dedicated GPU instances, bare-metal servers, private clusters and managed services tailored for enterprise and developer use.
Featured Stories
- Five stocks we like better than CoreWeave
- MDA Space Targets US Defense Market With $620M Acquisition
- Carnival’s Second Quarter: Is the Stock Still Complicated?
- Domino’s Stock Slides to 52-Week Low as Investors Digest CEO Change
- Microsoft Solves AI’s Biggest Bottleneck With Chevron Deal
Receive News & Ratings for CoreWeave Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoreWeave and related companies with MarketBeat.com's FREE daily email newsletter.
