The Goldman Sachs Group Cuts CoreWeave (NASDAQ:CRWV) Price Target to $105.00

CoreWeave (NASDAQ:CRWV) had its price objective lowered by The Goldman Sachs Group from $120.00 to $105.00 in a report issued on Monday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other analysts have also recently weighed in on CRWV. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $110.00 price objective on shares of CoreWeave in a report on Tuesday, November 11th. Citizens Jmp upgraded shares of CoreWeave from a “market perform” rating to an “outperform” rating and set a $180.00 target price for the company in a research report on Tuesday, September 16th. Wells Fargo & Company dropped their price target on shares of CoreWeave from $170.00 to $150.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 12th. Melius raised CoreWeave from a “hold” rating to a “buy” rating and set a $165.00 price target on the stock in a report on Tuesday, September 23rd. Finally, HC Wainwright reiterated a “buy” rating and set a $180.00 price objective on shares of CoreWeave in a research report on Wednesday, November 12th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $130.14.

CoreWeave Trading Up 0.0%

NASDAQ:CRWV opened at $74.92 on Monday. The firm has a market capitalization of $28.95 billion and a P/E ratio of -51.67. The business has a 50 day simple moving average of $121.10 and a 200 day simple moving average of $119.71. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.49 and a quick ratio of 0.49. CoreWeave has a 12-month low of $33.51 and a 12-month high of $187.00.

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

Insider Activity at CoreWeave

In other CoreWeave news, major shareholder Magnetar Financial Llc sold 7,688 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $134.94, for a total value of $1,037,418.72. Following the completion of the sale, the insider directly owned 299,512 shares in the company, valued at $40,416,149.28. This represents a 2.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael N. Intrator sold 32,455 shares of the stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $113.97, for a total value of $3,698,896.35. Following the transaction, the chief executive officer directly owned 6,991,055 shares of the company’s stock, valued at approximately $796,770,538.35. The trade was a 0.46% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 33,615,739 shares of company stock valued at $4,284,590,906.

Institutional Trading of CoreWeave

Several institutional investors have recently modified their holdings of CRWV. Chelsea Counsel Co. bought a new stake in CoreWeave in the second quarter worth about $33,000. Family Legacy Financial Solutions LLC boosted 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 purchasing an additional 125 shares in the last quarter. HighMark Wealth Management LLC acquired a new position in shares of CoreWeave in the 3rd quarter worth approximately $27,000. OLD Second National Bank of Aurora bought a new stake in shares of CoreWeave in the 3rd quarter worth approximately $27,000. Finally, Aspect Partners LLC bought a new stake in shares of CoreWeave in the 3rd quarter worth 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.