Citigroup Increases CoreWeave (NASDAQ:CRWV) Price Target to $158.00

CoreWeave (NASDAQ:CRWV) had its target price upped by research analysts at Citigroup from $155.00 to $158.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s target price points to a potential upside of 38.55% from the company’s current price.

Other research analysts have also recently issued reports about the company. Truist Financial lifted their price objective on CoreWeave from $85.00 to $131.00 and gave the company a “hold” rating in a report on Friday, May 8th. Citizens Jmp reiterated a “market outperform” rating and set a $180.00 target price on shares of CoreWeave in a research report on Friday, February 27th. UBS Group reissued a “neutral” rating on shares of CoreWeave in a report on Friday, January 16th. DA Davidson upped their price objective on shares of CoreWeave from $125.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, April 13th. Finally, Wolfe Research assumed coverage on shares of CoreWeave in a report on Thursday, April 16th. They set an “outperform” rating and a $150.00 price objective for the company. Twenty research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $131.97.

CoreWeave Price Performance

Shares of CRWV traded up $2.73 during mid-day trading on Thursday, reaching $114.04. The company had a trading volume of 22,830,698 shares, compared to its average volume of 28,102,766. CoreWeave has a twelve month low of $61.33 and a twelve month high of $187.00. The company has a debt-to-equity ratio of 3.68, a current ratio of 0.31 and a quick ratio of 0.46. The company’s 50-day moving average is $96.08 and its 200-day moving average is $92.00. The company has a market capitalization of $51.04 billion, a P/E ratio of -36.74 and a beta of 7.84.

CoreWeave (NASDAQ:CRWV) last announced its quarterly earnings results on Thursday, February 26th. The company reported ($0.89) EPS for the quarter, missing the consensus estimate of ($0.61) by ($0.28). CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. The company had revenue of $1.57 billion during the quarter. The company’s revenue for the quarter was up 110.4% on a year-over-year basis. On average, equities analysts anticipate that CoreWeave will post -4.15 EPS for the current year.

Insider Activity at CoreWeave

In other CoreWeave news, major shareholder Magnetar Financial Llc sold 159,168 shares of the stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $129.91, for a total value of $20,677,514.88. Following the transaction, the insider directly owned 674,490 shares in the company, valued at approximately $87,622,995.90. This trade represents a 19.09% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Sachin Jain sold 14,750 shares of CoreWeave stock in a transaction on Friday, May 8th. The shares were sold at an average price of $118.61, for a total value of $1,749,497.50. Following the completion of the sale, the chief operating officer directly owned 123,058 shares of the company’s stock, valued at $14,595,909.38. This trade represents a 10.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 24,448,144 shares of company stock valued at $2,741,354,245 over the last quarter.

Hedge Funds Weigh In On CoreWeave

Hedge funds have recently added to or reduced their stakes in the company. Capula Management Ltd increased its position in CoreWeave by 62.0% in the first quarter. Capula Management Ltd now owns 48,804 shares of the company’s stock worth $3,781,000 after purchasing an additional 18,679 shares during the period. Bank of Nova Scotia lifted its position in CoreWeave by 33.5% during the 1st quarter. Bank of Nova Scotia now owns 16,930 shares of the company’s stock valued at $1,312,000 after purchasing an additional 4,247 shares during the period. Sei Investments Co. bought a new position in shares of CoreWeave in the 1st quarter valued at about $222,000. Signature Equity Partners LLC boosted its stake in shares of CoreWeave by 141.6% in the 1st quarter. Signature Equity Partners LLC now owns 865 shares of the company’s stock valued at $67,000 after purchasing an additional 507 shares during the last quarter. Finally, NewEdge Wealth LLC acquired a new stake in shares of CoreWeave during the 1st quarter worth approximately $550,000.

More CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave is benefiting from renewed bullish sentiment on its AI cloud platform, including coverage that highlights strong demand for GPU-as-a-service and continued confidence in its growth prospects. Article Title
• Positive Sentiment: Deutsche Bank raised its price target on CoreWeave to $135 from $125 and kept a Buy rating, reinforcing the view that Wall Street expects additional upside. Article Title
• Positive Sentiment: CoreWeave’s AI computing capacity is getting another boost in visibility after Jensen Huang’s foundation disclosed roughly $108 million of CoreWeave cloud resources for universities and nonprofit research, underscoring real customer demand. Article Title
• Positive Sentiment: Recent commentary from Jim Cramer also kept CoreWeave in the spotlight, with the stock described as a high-risk, high-volatility name tied to the broader AI and rate-sensitive market trade. Article Title
• Neutral Sentiment: CoreWeave announced it will present at the J.P. Morgan Global Technology, Media and Communications Conference on May 19, which could provide fresh guidance but is not itself a major operating catalyst. Article Title
• Negative Sentiment: Insider selling remains a headwind for sentiment, as COO Sachin Jain sold 14,750 shares and insider Brian Venturo sold 375,000 shares, even though both transactions were disclosed as pre-planned or tax-related. Article Title

About CoreWeave

CoreWeave is a U.S.-based provider of GPU-accelerated cloud infrastructure designed to support compute-intensive workloads such as artificial intelligence, machine learning, visual effects rendering and other high-performance computing applications. The company supplies access to large fleets of modern GPUs and complementary infrastructure that enable customers to train and deploy large models, run inference at scale, and process graphics-heavy workloads with low latency and high throughput.

CoreWeave’s product offering includes on-demand and dedicated GPU instances, bare-metal servers, private clusters and managed services tailored for enterprise and developer use.