CoreWeave’s (CRWV) Overweight Rating Reiterated at Cantor Fitzgerald

Cantor Fitzgerald reissued their overweight rating on shares of CoreWeave (NASDAQ:CRWV) in a report issued on Wednesday morning,Benzinga reports. They currently have a $174.00 target price on the stock.

CRWV has been the subject of a number of other research reports. Melius raised shares of CoreWeave from a “hold” rating to a “buy” rating and set a $165.00 price objective for the company in a research note on Tuesday, September 23rd. Hsbc Global Res upgraded shares of CoreWeave to a “moderate sell” rating in a research report on Thursday, July 17th. Citigroup upgraded CoreWeave from a “neutral” rating to a “buy” rating and set a $160.00 price objective on the stock in a report on Thursday, July 31st. Stifel Nicolaus boosted their target price on CoreWeave from $115.00 to $120.00 and gave the company a “hold” rating in a research note on Wednesday, August 13th. Finally, Barclays increased their price objective on CoreWeave from $100.00 to $140.00 and gave the company an “equal weight” rating in a research note on Monday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $129.71.

CoreWeave Price Performance

NASDAQ:CRWV traded down $2.92 during trading hours on Wednesday, hitting $104.01. 24,849,071 shares of the company’s stock traded hands, compared to its average volume of 22,936,232. CoreWeave has a 52 week low of $33.51 and a 52 week high of $187.00. The business’s fifty day simple moving average is $123.37 and its two-hundred day simple moving average is $116.97. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 2.79. The firm has a market cap of $50.82 billion and a P/E ratio of -91.24.

CoreWeave (NASDAQ:CRWV) last issued its quarterly earnings results on Tuesday, August 12th. The company reported ($0.27) earnings per share (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 company’s quarterly revenue was up 206.7% on a year-over-year basis. CoreWeave has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

Insider Activity

In related news, Director Jack D. Cogen sold 1,112,004 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $94.69, for a total transaction of $105,295,658.76. Following the sale, the director directly owned 12,329,676 shares of the company’s stock, valued at approximately $1,167,497,020.44. This represents a 8.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Magnetar Financial Llc sold 1,451,063 shares of CoreWeave stock in a transaction on Friday, September 19th. The shares were sold at an average price of $125.60, for a total value of $182,253,512.80. Following the transaction, the insider owned 363,631 shares in the company, valued at $45,672,053.60. This trade represents a 79.96% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 36,743,427 shares of company stock valued at $4,592,624,537.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Chelsea Counsel Co. bought a new stake in CoreWeave in the second quarter worth $33,000. Family Legacy Financial Solutions LLC raised its position in shares of CoreWeave by 166.7% during the 3rd quarter. Family Legacy Financial Solutions LLC now owns 200 shares of the company’s stock valued at $27,000 after buying an additional 125 shares in the last quarter. HighMark Wealth Management LLC bought a new position in shares of CoreWeave in the 3rd quarter valued at about $27,000. OLD Second National Bank of Aurora purchased a new position in CoreWeave in the third quarter worth about $27,000. Finally, Aspect Partners LLC purchased a new stake in CoreWeave during the third quarter valued at approximately $28,000.

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.