CoreWeave (NASDAQ:CRWV) Earns Overweight Rating from Cantor Fitzgerald

CoreWeave (NASDAQ:CRWV - Get Free Report)'s stock had its "overweight" rating reaffirmed by Cantor Fitzgerald in a research report issued on Tuesday,Benzinga reports. They currently have a $116.00 target price on the stock. Cantor Fitzgerald's price objective suggests a potential downside of 3.71% from the company's current price.

• MarketBeat Week in Review – 09/08 - 09/12

Other equities research analysts have also issued research reports about the company. Raymond James Financial set a $130.00 target price on CoreWeave and gave the company an "outperform" rating in a research note on Monday. HSBC started coverage on CoreWeave in a report on Wednesday, July 16th. They set a "reduce" rating and a $32.00 price target on the stock. Hsbc Global Res upgraded CoreWeave to a "moderate sell" rating in a report on Thursday, July 17th. Morgan Stanley boosted their price target on CoreWeave from $58.00 to $91.00 and gave the company an "equal weight" rating in a report on Thursday, July 31st. Finally, Needham & Company LLC restated a "hold" rating on shares of CoreWeave in a report on Wednesday, August 13th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, CoreWeave currently has an average rating of "Hold" and a consensus target price of $111.42.

Get Our Latest Research Report on CRWV

CoreWeave Price Performance

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NASDAQ CRWV opened at $120.47 on Tuesday. CoreWeave has a 1-year low of $33.51 and a 1-year high of $187.00. 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 firm has a 50-day moving average of $113.05.

CoreWeave (NASDAQ:CRWV - Get Free Report) last released its 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 during the quarter. The firm'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.

Insiders Place Their Bets

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In other CoreWeave news, insider Brannin Mcbee sold 375,000 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $91.71, for a total transaction of $34,391,250.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jack D. Cogen sold 1,112,004 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $94.69, for a total value of $105,295,658.76. Following the transaction, the director owned 12,329,676 shares in the company, valued at $1,167,497,020.44. This trade represents a 8.27% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,831,764 shares of company stock worth $981,444,059.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cisco Systems Inc. purchased a new stake in shares of CoreWeave in the 2nd quarter worth approximately $173,493,000. Geode Capital Management LLC grew its stake in shares of CoreWeave by 142.6% in the 2nd quarter. Geode Capital Management LLC now owns 716,178 shares of the company's stock worth $116,809,000 after buying an additional 420,915 shares during the last quarter. Lmdagg L.L.C. purchased a new stake in shares of CoreWeave in the 2nd quarter worth approximately $48,030,000. Sivia Capital Partners LLC purchased a new stake in shares of CoreWeave in the 2nd quarter worth approximately $39,824,000. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of CoreWeave in the 2nd quarter worth approximately $34,284,000.

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.

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