CoreWeave (NASDAQ:CRWV) Upgraded at Rosenblatt Securities

Rosenblatt Securities upgraded shares of CoreWeave (NASDAQ:CRWV) to a strong-buy rating in a research report sent to investors on Wednesday,Zacks.com reports.

A number of other brokerages have also recently issued reports on CRWV. Sanford C. Bernstein restated an “underperform” rating on shares of CoreWeave in a research note on Thursday, June 11th. Mizuho upped their target price on shares of CoreWeave from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. JPMorgan Chase & Co. increased their price target on shares of CoreWeave from $90.00 to $105.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Wells Fargo & Company raised their price target on shares of CoreWeave from $135.00 to $155.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Finally, Weiss Ratings upgraded CoreWeave from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $135.00.

CoreWeave Trading Down 2.2%

Shares of CRWV opened at $96.58 on Wednesday. The stock’s 50-day moving average price is $110.42 and its 200 day moving average price is $94.62. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 3.68. The firm has a market capitalization of $43.23 billion, a price-to-earnings ratio of -31.05 and a beta of 7.14. CoreWeave has a 12-month low of $63.80 and a 12-month high of $173.35.

CoreWeave (NASDAQ:CRWV) last released its quarterly earnings data on Thursday, May 7th. The company reported ($1.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.17) by ($0.23). The firm had revenue of $2.08 billion for the quarter. CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. The company’s revenue for the quarter was up 111.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.60) EPS. As a group, research analysts predict that CoreWeave will post -4.57 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Michael N. Intrator sold 200,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $106.81, for a total transaction of $21,362,000.00. Following the completion of the sale, the chief executive officer owned 3,276,815 shares of the company’s stock, valued at approximately $349,996,610.15. This trade represents a 5.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brian M. Venturo sold 76,924 shares of CoreWeave stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $101.32, for a total transaction of $7,793,939.68. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 28,457,234 shares of company stock valued at $3,225,112,891.

Hedge Funds Weigh In On CoreWeave

Institutional investors and hedge funds have recently bought and sold shares of the business. Cornerstone Planning Group LLC increased its stake in shares of CoreWeave by 272.8% in the fourth quarter. Cornerstone Planning Group LLC now owns 343 shares of the company’s stock valued at $25,000 after buying an additional 251 shares in the last quarter. KERR FINANCIAL PLANNING Corp acquired a new position in CoreWeave during the 3rd quarter worth about $27,000. Cullen Frost Bankers Inc. grew its holdings in CoreWeave by 45.8% during the 4th quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock worth $28,000 after acquiring an additional 121 shares during the last quarter. Greenline Wealth Management LLC acquired a new stake in CoreWeave in the 4th quarter valued at about $28,000. Finally, Peterson Wealth Services increased its position in CoreWeave by 153.1% in the 1st quarter. Peterson Wealth Services now owns 405 shares of the company’s stock valued at $31,000 after acquiring an additional 245 shares in the last quarter.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Rosenblatt Securities initiated coverage with a Buy rating and a $250 price target, reinforcing the bullish view that CoreWeave could benefit from rising demand for AI infrastructure. Read More
• Positive Sentiment: BNP Paribas and other reports highlighted CoreWeave as a key beneficiary of the next AI chip cycle, while Cantor Fitzgerald reiterated an Overweight rating and a $167 target. Article Title
• Positive Sentiment: CoreWeave announced a partnership with Conapto to expand AI cloud capacity in Sweden, which supports the company’s growth narrative and international expansion. Article Title
• Neutral Sentiment: Several articles argue CoreWeave is one of the stocks that could double over the next two years, reflecting strong long-term enthusiasm but no new hard financial data. Article Title
• Negative Sentiment: CEO Michael Intrator sold shares under a pre-arranged trading plan, and insider Brannin McBee also sold stock. Even though the sales were planned, insider selling can still weigh on sentiment. SEC Filing

CoreWeave Company Profile

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.