CoreWeave (NASDAQ:CRWV) Shares Up 1.9% – Should You Buy?

Shares of CoreWeave Inc. (NASDAQ:CRWVGet Free Report) shot up 1.9% during trading on Monday . The stock traded as high as $74.50 and last traded at $74.41. 21,214,887 shares changed hands during trading, a decline of 22% from the average session volume of 27,370,799 shares. The stock had previously closed at $72.99.

More CoreWeave News

Here are the key news stories impacting CoreWeave this week:

Analyst Upgrades and Downgrades

Several analysts have issued reports on CRWV shares. Deutsche Bank Aktiengesellschaft upgraded shares of CoreWeave from a “hold” rating to a “buy” rating and upped their price target for the company from $100.00 to $140.00 in a research report on Tuesday, January 27th. HC Wainwright reissued a “buy” rating and set a $180.00 price objective on shares of CoreWeave in a research note on Monday, March 2nd. Weiss Ratings reissued a “sell (d-)” rating on shares of CoreWeave in a research report on Monday, December 29th. Citizens Jmp reaffirmed a “market outperform” rating and set a $180.00 price objective on shares of CoreWeave in a research note on Friday, February 27th. Finally, Stifel Nicolaus set a $120.00 price target on CoreWeave in a research report on Tuesday, November 11th. Eighteen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $122.35.

Read Our Latest Stock Analysis on CRWV

CoreWeave Stock Up 1.9%

The company has a debt-to-equity ratio of 4.46, a quick ratio of 0.46 and a current ratio of 0.46. The stock’s 50-day moving average price is $88.48 and its two-hundred day moving average price is $98.77. The stock has a market capitalization of $31.18 billion and a PE ratio of -23.25.

CoreWeave (NASDAQ:CRWVGet Free Report) last issued its quarterly earnings results on Thursday, February 26th. The company reported ($0.89) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.28). CoreWeave had a negative net margin of 22.75% and a negative return on equity of 33.82%. The business had revenue of $1.57 billion for the quarter. CoreWeave’s revenue was up 110.4% compared to the same quarter last year.

Insider Activity

In related news, insider Brian M. Venturo sold 281,250 shares of the company’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $87.75, for a total value of $24,679,687.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Michael N. Intrator sold 111,427 shares of the firm’s stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $72.39, for a total transaction of $8,066,200.53. Following the sale, the chief executive officer owned 5,922,620 shares of the company’s stock, valued at approximately $428,738,461.80. This represents a 1.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 4,454,665 shares of company stock worth $381,491,899 over the last three months.

Institutional Trading of CoreWeave

Institutional investors have recently added to or reduced their stakes in the business. Renaissance Capital LLC lifted its stake in CoreWeave by 49.9% during the 3rd quarter. Renaissance Capital LLC now owns 47,162 shares of the company’s stock valued at $6,454,000 after acquiring an additional 15,697 shares during the period. Munro Partners raised its holdings in shares of CoreWeave by 5,272.4% during the third quarter. Munro Partners now owns 616,485 shares of the company’s stock valued at $84,366,000 after purchasing an additional 605,010 shares during the last quarter. AE Wealth Management LLC purchased a new position in shares of CoreWeave during the third quarter valued at approximately $4,241,000. HWG Holdings LP bought a new position in CoreWeave during the third quarter valued at approximately $1,863,000. Finally, Liontrust Investment Partners LLP purchased a new stake in CoreWeave in the second quarter worth approximately $5,692,000.

About CoreWeave

(Get Free Report)

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.

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