CoreWeave (NASDAQ:CRWV) Now Covered by Analysts at Rosenblatt Securities

Investment analysts at Rosenblatt Securities initiated coverage on shares of CoreWeave (NASDAQ:CRWV) in a note issued to investors on Thursday. The firm set a “buy” rating and a $250.00 price target on the stock. Rosenblatt Securities’ target price indicates a potential upside of 147.85% from the company’s current price.

A number of other research analysts have also commented on the stock. Citizens Jmp reiterated a “market outperform” rating and issued a $180.00 price target on shares of CoreWeave in a research note on Friday, February 27th. Mizuho boosted their price objective on CoreWeave from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Sanford C. Bernstein reaffirmed an “underperform” rating on shares of CoreWeave in a research report on Thursday, June 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $135.00 target price on shares of CoreWeave in a research report on Friday, May 8th. Finally, Oppenheimer lifted their price target on CoreWeave from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Twenty-one investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $135.00.

CoreWeave Trading Down 4.6%

Shares of CoreWeave stock opened at $100.87 on Thursday. The company has a debt-to-equity ratio of 3.68, a current ratio of 0.31 and a quick ratio of 0.31. The business has a fifty day simple moving average of $111.23 and a two-hundred day simple moving average of $94.53. CoreWeave has a 1 year low of $63.80 and a 1 year high of $180.25. The company has a market capitalization of $45.15 billion, a price-to-earnings ratio of -32.43 and a beta of 7.14.

CoreWeave (NASDAQ:CRWV) last released its quarterly earnings data on Thursday, May 7th. The company reported ($1.40) EPS for the quarter, missing the consensus estimate of ($1.17) by ($0.23). The company had revenue of $2.08 billion during the quarter. CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. CoreWeave’s revenue was up 111.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.60) EPS. Research analysts forecast that CoreWeave will post -4.57 EPS for the current year.

Insider Buying and Selling at CoreWeave

In other CoreWeave news, insider Brian M. Venturo sold 76,924 shares of the stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $118.48, for a total transaction of $9,113,955.52. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Nitin Agrawal sold 58,429 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $116.70, for a total transaction of $6,818,664.30. Following the transaction, the chief financial officer directly owned 193,771 shares in the company, valued at $22,613,075.70. This represents a 23.17% decrease in their ownership of the stock. 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 90 days, insiders sold 28,072,618 shares of company stock worth $3,184,454,369.

Institutional Trading of CoreWeave

A number of institutional investors have recently modified their holdings of the stock. Parallel Advisors LLC increased its position in shares of CoreWeave by 4.0% in the first quarter. Parallel Advisors LLC now owns 2,340 shares of the company’s stock worth $181,000 after purchasing an additional 91 shares during the period. Pathway Wealth Management LLC lifted its position in CoreWeave by 2.9% during the first quarter. Pathway Wealth Management LLC now owns 3,593 shares of the company’s stock worth $278,000 after purchasing an additional 100 shares during the period. Azzad Asset Management Inc. ADV lifted its position in CoreWeave by 2.1% during the first quarter. Azzad Asset Management Inc. ADV now owns 5,020 shares of the company’s stock worth $389,000 after purchasing an additional 104 shares during the period. Hazlett Burt & Watson Inc. grew its stake in CoreWeave by 34.7% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 462 shares of the company’s stock worth $33,000 after buying an additional 119 shares in the last quarter. Finally, Cullen Frost Bankers Inc. grew its stake in CoreWeave by 45.8% during the fourth quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock worth $28,000 after buying an additional 121 shares in the last quarter.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave announced a co-location agreement with Conapto to expand AI cloud capacity in Sweden, with two Stockholm campuses and initial capacity already online. The deal broadens CoreWeave’s European footprint and supports demand for its AI infrastructure, which investors may view as evidence of continued growth. Article Title
• Positive Sentiment: Earlier coverage highlighted the Swedish expansion as a sign that CoreWeave is scaling its AI cloud platform in Europe, backed by renewable energy and advanced NVIDIA-based infrastructure. Article Title
• Positive Sentiment: CoreWeave also announced a $335 million, five-year storage agreement with Backblaze, reinforcing demand for its AI cloud and data infrastructure services. Article Title
• Neutral Sentiment: CoreWeave was named the official AI cloud partner of BattleBots, a branding and partnership win that adds visibility but is less material than the Sweden expansion or Backblaze contract. Article Title
• Negative Sentiment: Insider Brannin Mcbee disclosed multiple stock sales totaling well over 200,000 shares at about $111.28 each, which can pressure sentiment even though the trades were made under a pre-arranged 10b5-1 plan. Article Title
• Negative Sentiment: An article published Tuesday also focused on CRWV weakness, suggesting some investors remain cautious about valuation after the stock’s recent run-up. Article Title

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.