DA Davidson Has Lowered Expectations for CoreWeave (NASDAQ:CRWV) Stock Price

CoreWeave (NASDAQ:CRWV) had its price objective cut by research analysts at DA Davidson from $100.00 to $45.00 in a report released on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the stock. DA Davidson‘s price objective points to a potential downside of 22.80% from the stock’s current price.

Other research analysts have also recently issued reports about the company. BNP Paribas Exane reissued an “outperform” rating and set a $117.00 target price on shares of CoreWeave in a research note on Monday, October 19th. Moffett Nathanson set a $89.00 price target on CoreWeave in a research report on Monday, October 19th. Btg Pactual set a $125.00 price objective on CoreWeave in a research note on Monday, September 21st. Rothschild & Co Redburn started coverage on CoreWeave in a research note on Monday, September 21st. They issued a “sell” rating and a $54.00 price objective for the company. Finally, Barclays boosted their target price on shares of CoreWeave from $90.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 13th. Twenty-seven analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $118.67.

CoreWeave Trading Up 19.6%

Shares of CRWV stock traded up $9.56 on Wednesday, hitting $58.29. The stock had a trading volume of 46,441,338 shares, compared to its average volume of 32,411,295. The firm has a market capitalization of $26.75 billion, a P/E ratio of -15.96 and a beta of 7.71. The company has a debt-to-equity ratio of 5.53, a current ratio of 0.46 and a quick ratio of 0.46. The company’s 50 day moving average price is $74.13 and its 200-day moving average price is $89.44. CoreWeave has a 1 year low of $40.58 and a 1 year high of $138.25.

CoreWeave (NASDAQ:CRWV) last issued its quarterly earnings results on Tuesday, August 11th. The company reported ($1.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.52) by $0.38. The business had revenue of $2.58 billion for the quarter. CoreWeave had a negative net margin of 25.41% and a negative return on equity of 47.95%. The firm’s revenue for the quarter was up 112.5% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.27) EPS. Analysts anticipate that CoreWeave will post -4.99 earnings per share for the current year.

Insider Transactions at CoreWeave

In other CoreWeave news, CRO Jonathan Jones sold 21,569 shares of CoreWeave stock in a transaction that occurred on Tuesday, October 13th. The stock was sold at an average price of $77.42, for a total value of $1,669,871.98. Following the transaction, the executive directly owned 5,392 shares in the company, valued at approximately $417,448.64. This trade represents a 80.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Jeff Baker sold 6,670 shares of the business’s stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $61.16, for a total transaction of $407,937.20. Following the completion of the transaction, the insider directly owned 14,170 shares in the company, valued at $866,637.20. This represents a 32.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 3,727,018 shares of company stock worth $337,495,407 over the last 90 days. Company insiders own 24.20% of the company’s stock.

Hedge Funds Weigh In On CoreWeave

A number of large investors have recently modified their holdings of the business. Parallel Advisors LLC boosted its stake in shares of CoreWeave by 4.0% in the first quarter. Parallel Advisors LLC now owns 2,340 shares of the company’s stock valued at $181,000 after buying an additional 91 shares in the last quarter. Pathway Wealth Management LLC raised its position in CoreWeave by 2.9% in the first quarter. Pathway Wealth Management LLC now owns 3,593 shares of the company’s stock worth $278,000 after acquiring an additional 100 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in CoreWeave by 3.6% in the second quarter. Sequoia Financial Advisors LLC now owns 4,128 shares of the company’s stock valued at $411,000 after acquiring an additional 145 shares during the period. Cooper Financial Group lifted its holdings in CoreWeave by 5.0% in the third quarter. Cooper Financial Group now owns 3,066 shares of the company’s stock valued at $267,000 after acquiring an additional 147 shares during the period. Finally, Crumly & Associates Inc. boosted its position in shares of CoreWeave by 0.4% during the 3rd quarter. Crumly & Associates Inc. now owns 34,602 shares of the company’s stock worth $3,015,000 after purchasing an additional 150 shares in the last quarter.

Key Headlines Impacting CoreWeave

Investors following CRWV have been watching these headlines:

• Positive Sentiment: Q3 results and guidance beat expectations: Revenue rose 168% year over year to $3.66 billion, and CoreWeave raised its full-year revenue outlook to about $13.3 billion. Its roughly $132.5 billion backlog signals significant demand ahead. Reuters earnings report
• Neutral Sentiment: Analysts remain divided: Truist, Cantor Fitzgerald and Stifel lowered their price targets, while keeping Buy, Overweight or Hold ratings. Needham reaffirmed Hold, reflecting caution even as some analysts continue to see upside. Analyst target report
• Negative Sentiment: Debt and interest expense remain key risks: The company warned quarterly interest costs could reach $1.15 billion. Its capital-intensive data-center expansion depends on continued access to financing, leaving the stock exposed to high borrowing costs and tighter credit. Invezz financing report

CoreWeave Company Profile

CoreWeave is a cloud computing company that provides infrastructure for artificial intelligence, machine learning, and other compute-intensive workloads. Its services include access to graphics processing units (GPUs), cloud storage and networking, and software tools for deploying and managing workloads. The company was founded in 2017 as a cryptocurrency mining business and later shifted its focus to cloud computing. CoreWeave is headquartered in Livingston, New Jersey, and operates data center infrastructure in the United States and Europe, serving customers that need large-scale computing resources.