CoreWeave Inc. (NASDAQ:CRWV) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of CoreWeave Inc. (NASDAQ:CRWV) have been given an average recommendation of “Moderate Buy” by the thirty research firms that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation, fifteen have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $124.9630.

Several research firms have commented on CRWV. Arete raised CoreWeave from a “neutral” rating to a “buy” rating and set a $180.00 price objective for the company in a research note on Thursday, August 21st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of CoreWeave in a research note on Wednesday, August 13th. Northland Securities increased their target price on CoreWeave from $85.00 to $165.00 and gave the stock an “outperform” rating in a research note on Friday, July 18th. Arete Research raised CoreWeave from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 21st. Finally, HSBC assumed coverage on CoreWeave in a research note on Wednesday, July 16th. They set a “reduce” rating and a $32.00 target price for the company.

CoreWeave Stock Down 1.8%

CRWV opened at $130.89 on Friday. The firm’s 50 day moving average is $111.21. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 2.79. CoreWeave has a 52 week low of $33.51 and a 52 week high of $187.00.

CoreWeave (NASDAQ:CRWV) last posted its quarterly earnings data on Tuesday, August 12th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.07). The business had revenue of $1.21 million during the quarter. The business’s 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.

Insider Buying and Selling

In other news, major shareholder Magnetar Financial Llc sold 1,451,063 shares of the stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $125.60, for a total transaction of $182,253,512.80. Following the completion of the transaction, the insider directly owned 363,631 shares of the company’s stock, valued at approximately $45,672,053.60. This represents a 79.96% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Jack D. Cogen sold 1,112,004 shares of the 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 directly owned 12,329,676 shares of the company’s stock, valued at approximately $1,167,497,020.44. This trade represents a 8.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 17,826,137 shares of company stock valued at $1,965,482,165.

Institutional Investors Weigh In On CoreWeave

A number of institutional investors and hedge funds have recently modified their holdings of the company. Nvidia Corp grew its holdings in shares of CoreWeave by 0.4% in the 2nd quarter. Nvidia Corp now owns 24,277,573 shares of the company’s stock worth $3,958,701,000 after acquiring an additional 95,113 shares during the period. Cisco Systems Inc. acquired a new stake in shares of CoreWeave in the 2nd quarter worth approximately $173,493,000. Geode Capital Management LLC grew its holdings 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 acquiring an additional 420,915 shares during the period. Lmdagg L.L.C. acquired a new stake in shares of CoreWeave in the 2nd quarter worth approximately $48,030,000. Finally, Sivia Capital Partners LLC acquired a new stake in shares of CoreWeave in the 2nd quarter worth approximately $39,824,000.

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.