CoreWeave (NASDAQ:CRWV) Upgraded to Buy at Melius

Melius upgraded shares of CoreWeave (NASDAQ:CRWV) from a hold rating to a buy rating in a report issued on Tuesday, Marketbeat reports. They currently have $165.00 price objective on the stock.

Other equities analysts have also issued research reports about the company. Cantor Fitzgerald reiterated an “overweight” rating and issued a $116.00 price target on shares of CoreWeave in a research note on Tuesday, September 16th. Hsbc Global Res upgraded CoreWeave to a “moderate sell” rating in a research report on Thursday, July 17th. JMP Securities raised shares of CoreWeave from a “market perform” rating to a “market outperform” rating and set a $180.00 target price for the company in a report on Tuesday, September 16th. Argus reaffirmed a “buy” rating and set a $200.00 price target on shares of CoreWeave in a report on Thursday, August 14th. Finally, Deutsche Bank Aktiengesellschaft reiterated 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, fifteen have issued a Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, CoreWeave currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.96.

CoreWeave Trading Down 5.1%

Shares of CoreWeave stock opened at $126.66 on Tuesday. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.52 and a current ratio of 0.52. CoreWeave has a 12-month low of $33.51 and a 12-month high of $187.00. The business’s 50-day moving average price is $110.91.

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

Insider Activity at CoreWeave

In other news, insider Kristen J. Mcveety sold 95,000 shares of the stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $126.86, for a total value of $12,051,700.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brannin Mcbee sold 250,000 shares of the firm’s stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $131.83, for a total value of $32,957,500.00. Following the transaction, the insider owned 121,965 shares of the company’s stock, valued at $16,078,645.95. This trade represents a 67.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,546,137 shares of company stock worth $2,059,927,615 over the last three months.

Institutional Trading of CoreWeave

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Gamco Investors INC. ET AL bought a new position in CoreWeave during the 1st quarter worth approximately $318,000. Goldman Sachs Group Inc. bought a new position in CoreWeave during the first quarter worth $963,000. Howard Financial Services LTD. acquired a new position in CoreWeave in the second quarter valued at $489,000. McAlister Sweet & Associates Inc. bought a new stake in CoreWeave during the second quarter valued at $277,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new stake in CoreWeave during the 2nd quarter worth about $117,000.

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.