CoreWeave (NASDAQ:CRWV) Upgraded at Rosenblatt Securities

CoreWeave (NASDAQ:CRWVGet Free Report) was upgraded by investment analysts at Rosenblatt Securities to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

Several other brokerages also recently issued reports on CRWV. BNP Paribas Exane assumed coverage on shares of CoreWeave in a research report on Tuesday, June 2nd. They set an “outperform” rating and a $192.00 price objective for the company. Weiss Ratings raised shares of CoreWeave from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday. Oppenheimer upped their target price on shares of CoreWeave from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Wolfe Research began coverage on CoreWeave in a report on Thursday, April 16th. They set an “outperform” rating and a $150.00 target price for the company. Finally, Wells Fargo & Company lifted their price target on CoreWeave from $135.00 to $155.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, CoreWeave currently has a consensus rating of “Moderate Buy” and a consensus target price of $135.00.

Get Our Latest Stock Analysis on CoreWeave

CoreWeave Price Performance

CRWV opened at $96.58 on Wednesday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 3.68. CoreWeave has a 12 month low of $63.80 and a 12 month high of $173.35. The company has a fifty day simple moving average of $110.42 and a 200 day simple moving average of $94.62. The stock has a market cap of $43.23 billion, a P/E ratio of -31.05 and a beta of 7.14.

CoreWeave (NASDAQ:CRWVGet Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($1.40) 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 business had revenue of $2.08 billion for the quarter. During the same quarter in the previous year, the firm earned ($0.60) earnings per share. The company’s revenue for the quarter was up 111.6% compared to the same quarter last year. On average, research analysts expect that CoreWeave will post -4.57 EPS for the current year.

Insider Buying and Selling at CoreWeave

In related news, insider Brian M. Venturo sold 76,924 shares of CoreWeave stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $101.32, for a total value of $7,793,939.68. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael N. Intrator sold 200,000 shares of CoreWeave stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $106.81, for a total value of $21,362,000.00. Following the completion of the sale, the chief executive officer directly owned 3,276,815 shares in the company, valued at approximately $349,996,610.15. This represents a 5.75% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 28,457,234 shares of company stock worth $3,225,112,891.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. KERR FINANCIAL PLANNING Corp bought a new stake in shares of CoreWeave during the 3rd quarter worth approximately $27,000. Pin Oak Investment Advisors Inc. bought a new position in shares of CoreWeave in the third quarter valued at $34,000. Cornerstone Planning Group LLC grew its stake in shares of CoreWeave by 272.8% in the fourth quarter. Cornerstone Planning Group LLC now owns 343 shares of the company’s stock valued at $25,000 after buying an additional 251 shares in the last quarter. Cullen Frost Bankers Inc. increased its holdings in CoreWeave by 45.8% during the fourth quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock worth $28,000 after buying an additional 121 shares during the last quarter. Finally, Greenline Wealth Management LLC acquired a new position in CoreWeave during the fourth quarter worth $28,000.

Key Stories Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

  • Positive Sentiment: Rosenblatt Securities initiated coverage with a Buy rating and a $250 price target, reinforcing the bullish view that CoreWeave could benefit from rising demand for AI infrastructure. Read More
  • Positive Sentiment: BNP Paribas and other reports highlighted CoreWeave as a key beneficiary of the next AI chip cycle, while Cantor Fitzgerald reiterated an Overweight rating and a $167 target. Article Title
  • Positive Sentiment: CoreWeave announced a partnership with Conapto to expand AI cloud capacity in Sweden, which supports the company’s growth narrative and international expansion. Article Title
  • Neutral Sentiment: Several articles argue CoreWeave is one of the stocks that could double over the next two years, reflecting strong long-term enthusiasm but no new hard financial data. Article Title
  • Negative Sentiment: CEO Michael Intrator sold shares under a pre-arranged trading plan, and insider Brannin McBee also sold stock. Even though the sales were planned, insider selling can still weigh on sentiment. SEC Filing

CoreWeave Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for CoreWeave (NASDAQ:CRWV)

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