CoreWeave (NASDAQ:CRWV) Upgraded by Robert W. Baird to “Strong-Buy” Rating

Robert W. Baird upgraded shares of CoreWeave (NASDAQ:CRWV) to a strong-buy rating in a research note published on Tuesday morning,Zacks.com reports.

A number of other equities analysts have also recently issued reports on CRWV. Wolfe Research reissued an “outperform” rating on shares of CoreWeave in a research report on Monday, July 6th. Jefferies Financial Group lowered CoreWeave from a “buy” rating to a “hold” rating in a research report on Wednesday. TD Cowen raised CoreWeave to a “buy” rating in a research note on Wednesday. DA Davidson reaffirmed a “neutral” rating and issued a $100.00 price objective (down from $175.00) on shares of CoreWeave in a research note on Monday, May 18th. Finally, Mizuho dropped their price objective on CoreWeave from $110.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, CoreWeave presently has an average rating of “Moderate Buy” and a consensus price target of $136.25.

CoreWeave Stock Performance

NASDAQ:CRWV opened at $82.64 on Tuesday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 3.68. CoreWeave has a twelve month low of $63.80 and a twelve month high of $153.20. The company has a fifty day moving average of $98.41 and a 200-day moving average of $95.46. The firm has a market capitalization of $36.99 billion, a P/E ratio of -26.57 and a beta of 7.17.

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

Insider Buying and Selling at CoreWeave

In other news, major shareholder Magnetar Financial Llc sold 1,284,876 shares of the company’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $119.91, for a total transaction of $154,069,481.16. Following the transaction, the insider owned 264,061 shares of the company’s stock, valued at $31,663,554.51. This represents a 82.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brian M. Venturo sold 375,000 shares of the stock in a transaction on Monday, April 27th. The stock was sold at an average price of $109.03, for a total value of $40,886,250.00. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 17,072,869 shares of company stock valued at $1,983,274,420. Company insiders own 24.20% of the company’s stock.

Institutional Investors Weigh In On CoreWeave

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CRWV. Sivia Capital Partners LLC bought a new position in CoreWeave during the second quarter worth about $39,824,000. Quantbot Technologies LP bought a new stake in shares of CoreWeave in the second quarter valued at approximately $311,000. Invesco Ltd. purchased a new stake in shares of CoreWeave during the 2nd quarter valued at approximately $882,000. First Trust Advisors LP purchased a new stake in shares of CoreWeave during the 2nd quarter valued at approximately $20,260,000. Finally, Baird Financial Group Inc. bought a new position in CoreWeave in the 2nd quarter worth approximately $455,000.

CoreWeave News Summary

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Truist upgraded CoreWeave to Buy, helping lift the stock as Wall Street continues to favor the company’s AI infrastructure growth story. CoreWeave upgraded to buy at Truist
• Positive Sentiment: Baird initiated coverage on CoreWeave with an Outperform rating, adding another vote of confidence in the company’s ability to benefit from AI demand and cloud expansion. CoreWeave, Nebius initiated with outperform ratings at Baird
• Positive Sentiment: Several pieces highlight the company’s strong revenue growth outlook and recent rebound, including commentary that CoreWeave is chasing 108% Q2 revenue growth with major power capacity expansion. CoreWeave (CRWV) Is Chasing 108% Q2 Revenue Growth With A Big Power Ramp
• Neutral Sentiment: The CFO sold about $5.5 million of company shares, which may raise some investor caution but is not necessarily a fundamental red flag on its own. CoreWeave’s CFO Sold Company Shares for $5.5 Million. What Does That Mean for Investors?
• Neutral Sentiment: Analyst target updates show mixed but still constructive sentiment: one report noted a $139.69 consensus price target, while Barclays cut its target to $90 and kept an equal-weight view. CoreWeave Inc. (NASDAQ:CRWV) Receives $139.69 Consensus PT from Brokerages
• Negative Sentiment: Broader concerns remain around CoreWeave’s heavy debt load, large capital spending needs, and pressure to quickly add power capacity, which could limit upside if execution slows. CoreWeave’s AI-Native Cloud Faces the Storm

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.