CoreWeave (NASDAQ:CRWV) Price Target Raised to $99.00

CoreWeave (NASDAQ:CRWV) had its target price upped by Morgan Stanley from $91.00 to $99.00 in a report released on Tuesday,Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other research analysts have also issued reports on the stock. Mizuho reduced their target price on shares of CoreWeave from $150.00 to $120.00 and set a “neutral” rating for the company in a research note on Tuesday. HSBC assumed coverage on CoreWeave in a report on Wednesday, July 16th. They set a “reduce” rating and a $32.00 price target on the stock. Wells Fargo & Company raised CoreWeave from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $105.00 to $170.00 in a report on Tuesday, September 23rd. Northland Securities lifted their target price on CoreWeave from $85.00 to $165.00 and gave the company an “outperform” rating in a research note on Friday, July 18th. Finally, Loop Capital began coverage on CoreWeave in a research report on Friday, September 19th. They set a “buy” rating and a $165.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, twelve have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $128.62.

CoreWeave Trading Down 8.3%

NASDAQ:CRWV opened at $78.34 on Tuesday. CoreWeave has a 12-month low of $33.51 and a 12-month high of $187.00. The firm has a market capitalization of $38.27 billion and a P/E ratio of -68.72. The company has a debt-to-equity ratio of 2.79, a current ratio of 0.52 and a quick ratio of 0.52. The business has a 50 day simple moving average of $123.05 and a 200 day simple moving average of $118.32.

CoreWeave (NASDAQ:CRWV) last posted its earnings results on Monday, November 10th. The company reported ($0.22) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.14. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the previous year, the business posted ($1.82) earnings per share. The business’s quarterly revenue was up 133.7% compared to the same quarter last year. CoreWeave has set its FY 2025 guidance at EPS.

Insider Transactions at CoreWeave

In other CoreWeave news, SVP Chen Goldberg sold 13,740 shares of the business’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $90.79, for a total value of $1,247,454.60. Following the sale, the senior vice president directly owned 23,344 shares in the company, valued at approximately $2,119,401.76. The trade was a 37.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brian M. Venturo sold 29,916 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $127.94, for a total transaction of $3,827,453.04. Following the transaction, the insider owned 215,486 shares of the company’s stock, valued at approximately $27,569,278.84. This trade represents a 12.19% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 34,841,785 shares of company stock worth $4,401,996,484 over the last 90 days.

Institutional Trading of CoreWeave

A number of large investors have recently added to or reduced their stakes in the business. Costello Asset Management INC lifted its position in shares of CoreWeave by 33.3% during the 2nd quarter. Costello Asset Management INC now owns 400 shares of the company’s stock valued at $65,000 after acquiring an additional 100 shares during the last quarter. Chilton Capital Management LLC raised its position in shares of CoreWeave by 50.2% during the third quarter. Chilton Capital Management LLC now owns 362 shares of the company’s stock worth $50,000 after purchasing an additional 121 shares during the period. Family Legacy Financial Solutions LLC lifted its holdings in shares of CoreWeave by 166.7% during the third quarter. Family Legacy Financial Solutions LLC now owns 200 shares of the company’s stock valued at $27,000 after purchasing an additional 125 shares during the last quarter. CoreCap Advisors LLC boosted its position in shares of CoreWeave by 29.6% in the 3rd quarter. CoreCap Advisors LLC now owns 644 shares of the company’s stock valued at $88,000 after purchasing an additional 147 shares during the period. Finally, Pittenger & Anderson Inc. boosted its position in shares of CoreWeave by 36.0% in the 3rd quarter. Pittenger & Anderson Inc. now owns 680 shares of the company’s stock valued at $93,000 after purchasing an additional 180 shares during the period.

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.