CoreWeave (NASDAQ:CRWV) Upgraded at Citizens Jmp

Citizens Jmp upgraded shares of CoreWeave (NASDAQ:CRWV) from a market perform rating to an outperform rating in a report published on Tuesday morning, MarketBeat reports. Citizens Jmp currently has $180.00 target price on the stock.

A number of other equities analysts also recently issued reports on the company. HC Wainwright upgraded CoreWeave from a “neutral” rating to a “buy” rating and set a $180.00 price objective for the company in a research report on Thursday, August 21st. Wall Street Zen downgraded CoreWeave from a “hold” rating to a “sell” rating in a research report on Thursday, May 22nd. Citigroup upgraded CoreWeave from a “neutral” rating to a “buy” rating and set a $160.00 price objective for the company in a research report on Thursday, July 31st. Cantor Fitzgerald started coverage on CoreWeave in a research report on Tuesday, August 26th. They set an “overweight” rating and a $116.00 price objective for the company. Finally, Needham & Company LLC restated a “hold” rating on shares of CoreWeave in a research report on Wednesday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, CoreWeave presently has an average rating of “Hold” and a consensus price target of $114.16.

CoreWeave Price Performance

Shares of CRWV stock opened at $121.39 on Tuesday. The company’s 50-day moving average price is $111.41. CoreWeave has a 12 month low of $33.51 and a 12 month high of $187.00. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 2.79.

CoreWeave (NASDAQ:CRWV) last announced its quarterly earnings results on Tuesday, August 12th. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.07). The firm had revenue of $1.21 million during the quarter. The business’s revenue for the quarter 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

In other CoreWeave news, insider Brannin Mcbee sold 375,000 shares of the business’s stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $91.71, for a total value of $34,391,250.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jack D. Cogen sold 1,112,004 shares of the business’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $94.69, for a total value of $105,295,658.76. Following the completion of the sale, the director owned 12,329,676 shares in the company, valued at approximately $1,167,497,020.44. The trade was a 8.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,775,454 shares of company stock valued at $1,334,210,633.

Institutional Trading of CoreWeave

A number of institutional investors have recently added to or reduced their stakes in CRWV. Chelsea Counsel Co. purchased a new position in shares of CoreWeave in the 2nd quarter worth about $33,000. Archer Investment Corp purchased a new stake in CoreWeave during the 2nd quarter valued at about $34,000. Chilton Capital Management LLC purchased a new stake in CoreWeave during the 2nd quarter valued at about $39,000. TD Waterhouse Canada Inc. purchased a new stake in CoreWeave during the 2nd quarter valued at about $47,000. Finally, Montag A & Associates Inc. purchased a new stake in CoreWeave during the 2nd quarter valued at about $49,000.

About CoreWeave

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.