Needham & Company LLC reiterated their hold rating on shares of CoreWeave (NASDAQ:CRWV – Free Report) in a report issued on Wednesday,Benzinga reports.
Other equities analysts also recently issued reports about the stock. Raymond James Financial reaffirmed an “outperform” rating and set a $75.00 price objective on shares of CoreWeave in a report on Monday, October 26th. Northland Securities set a $200.00 target price on shares of CoreWeave in a report on Wednesday, October 7th. Robert W. Baird raised their price target on shares of CoreWeave from $100.00 to $130.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. Citigroup cut their price target on shares of CoreWeave from $159.00 to $128.00 and set a “buy” rating on the stock in a report on Wednesday, November 4th. Finally, JPMorgan Chase & Co. raised shares of CoreWeave from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $120.00 to $125.00 in a research report on Thursday, September 24th. Twenty-six research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $118.66.
Read Our Latest Report on CRWV
CoreWeave Price Performance
CRWV stock opened at $60.77 on Wednesday. The company has a market capitalization of $27.89 billion, a P/E ratio of -12.93 and a beta of 7.71. The company has a debt-to-equity ratio of 5.53, a quick ratio of 0.46 and a current ratio of 0.46. CoreWeave has a 52-week low of $40.58 and a 52-week high of $138.25. The business has a 50-day simple moving average of $73.71 and a two-hundred day simple moving average of $89.28.
CoreWeave (NASDAQ:CRWV – Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The company reported ($1.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.52) by $0.38. CoreWeave had a negative return on equity of 59.42% and a negative net margin of 25.56%. The business had revenue of $2.58 billion during the quarter. During the same quarter last year, the company posted ($0.27) EPS. The company’s quarterly revenue was up 112.5% compared to the same quarter last year. Research analysts expect that CoreWeave will post -4.99 EPS for the current fiscal year.
Insider Buying and Selling at CoreWeave
In other CoreWeave news, insider Jeff Baker sold 6,670 shares of the business’s stock in a transaction on Thursday, October 29th. The stock was sold at an average price of $61.16, for a total value of $407,937.20. Following the transaction, the insider owned 14,170 shares of the company’s stock, valued at approximately $866,637.20. The trade was a 32.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Sachin Jain sold 13,611 shares of the company’s stock in a transaction on Monday, November 9th. The shares were sold at an average price of $46.23, for a total value of $629,236.53. Following the completion of the transaction, the chief operating officer owned 177,224 shares of the company’s stock, valued at $8,193,065.52. This trade represents a 7.13% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 3,727,018 shares of company stock valued at $337,495,407 in the last ninety days. 24.20% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On CoreWeave
A number of hedge funds have recently made changes to their positions in the business. Parallel Advisors LLC boosted its holdings in shares of CoreWeave by 4.0% in the 1st quarter. Parallel Advisors LLC now owns 2,340 shares of the company’s stock worth $181,000 after buying an additional 91 shares during the last quarter. Pathway Wealth Management LLC grew its position in CoreWeave by 2.9% during the first 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 during the period. Sequoia Financial Advisors LLC grew its position in CoreWeave by 3.6% during the second quarter. Sequoia Financial Advisors LLC now owns 4,128 shares of the company’s stock valued at $411,000 after buying an additional 145 shares during the period. Cooper Financial Group increased its holdings in CoreWeave by 5.0% during the third quarter. Cooper Financial Group now owns 3,066 shares of the company’s stock worth $267,000 after buying an additional 147 shares during the last quarter. Finally, Crumly & Associates Inc. increased its holdings in CoreWeave by 0.4% during the third quarter. Crumly & Associates Inc. now owns 34,602 shares of the company’s stock worth $3,015,000 after buying an additional 150 shares during the last quarter.
Top CoreWeave Stories
Investors following CRWV have been watching these stories:
- Positive Sentiment: Strong Q3 growth and raised guidance: Revenue rose 168% year over year to $3.66 billion, beating estimates, and the quarterly loss was narrower than expected. CoreWeave raised its 2026 revenue outlook to $13.0–$13.3 billion. CNBC outlook report
- Positive Sentiment: Funding measures could ease near-term pressure: CoreWeave expects roughly $9 billion in customer prepayments and deposits over the next three months and is preparing a potential $4 billion investment-grade loan facility, which could lower funding costs. Loan report
- Neutral Sentiment: Analysts remain divided: Some raised targets after the report, while others cut targets or stayed cautious, reflecting uncertainty about how quickly growth will translate into sustainable profitability. Analyst outlook
About CoreWeave
CoreWeave is a cloud computing company that provides infrastructure for artificial intelligence, machine learning, and other compute-intensive workloads. Its services include access to graphics processing units (GPUs), cloud storage and networking, and software tools for deploying and managing workloads. The company was founded in 2017 as a cryptocurrency mining business and later shifted its focus to cloud computing. CoreWeave is headquartered in Livingston, New Jersey, and operates data center infrastructure in the United States and Europe, serving customers that need large-scale computing resources.
Read More
- Five stocks we like better than CoreWeave
- Keeping AI Cool: AAON Rides the AI Heatwave to Record Growth
- AST SpaceMobile Has a New Rocket Plan, But Its Cash-Burn Problem Isn’t Going Away
- Powering Up the Moon: Redwire’s $40 Million NASA Award
- Can Constellation Energy’s Contracts Power a Stock Rebound?
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.
