CoreWeave (NASDAQ:CRWV) Trading 1.7% Higher – Still a Buy?

CoreWeave Inc. (NASDAQ:CRWV) shares traded up 1.7% on Monday . The stock traded as high as $112.82 and last traded at $112.0590. 23,790,060 shares traded hands during trading, a decline of 14% from the average session volume of 27,779,359 shares. The stock had previously closed at $110.14.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group reduced their price objective on CoreWeave from $155.00 to $120.00 and set a “buy” rating for the company in a research note on Monday, January 5th. Oppenheimer assumed coverage on CoreWeave in a research note on Friday, March 6th. They set an “outperform” rating and a $140.00 price objective for the company. Truist Financial raised their price objective on CoreWeave from $84.00 to $85.00 and gave the stock a “hold” rating in a research note on Friday, February 27th. Roth Mkm reissued a “buy” rating on shares of CoreWeave in a research note on Monday, February 23rd. Finally, Citigroup decreased their target price on CoreWeave from $135.00 to $126.00 and set a “buy” rating for the company in a research report on Wednesday, March 4th. Twenty research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $125.16.

CoreWeave Stock Up 1.7%

The stock has a market capitalization of $49.64 billion and a price-to-earnings ratio of -35.02. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 4.46. The firm has a 50-day moving average of $90.60 and a two-hundred day moving average of $93.31.

CoreWeave (NASDAQ:CRWV) last posted its quarterly earnings results on Thursday, February 26th. The company reported ($0.89) earnings per share for the quarter, missing the consensus estimate of ($0.61) by ($0.28). The business had revenue of $1.57 billion for the quarter. CoreWeave had a negative net margin of 22.75% and a negative return on equity of 33.82%. The company’s revenue for the quarter was up 110.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that CoreWeave Inc. will post -4.16 earnings per share for the current year.

Insider Activity at CoreWeave

In related news, insider Brian M. Venturo sold 76,924 shares of CoreWeave stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of $122.31, for a total transaction of $9,408,574.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Magnetar Financial Llc sold 2,770 shares of CoreWeave stock in a transaction on Friday, April 24th. The shares were sold at an average price of $119.56, for a total value of $331,181.20. Following the sale, the insider directly owned 269,530 shares of the company’s stock, valued at approximately $32,225,006.80. The trade was a 1.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 15,819,326 shares of company stock valued at $1,628,389,243.

Institutional Trading of CoreWeave

Institutional investors have recently bought and sold shares of the company. Hazlett Burt & Watson Inc. boosted its stake in shares of CoreWeave by 34.7% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 462 shares of the company’s stock worth $33,000 after acquiring an additional 119 shares in the last quarter. Chilton Capital Management LLC boosted its stake in shares of CoreWeave by 50.2% during the 3rd quarter. Chilton Capital Management LLC now owns 362 shares of the company’s stock worth $50,000 after acquiring an additional 121 shares in the last quarter. Cullen Frost Bankers Inc. boosted its stake in shares of 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 in the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of CoreWeave by 26.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 600 shares of the company’s stock worth $43,000 after acquiring an additional 125 shares in the last quarter. Finally, CoreCap Advisors LLC boosted its stake in shares of CoreWeave by 29.6% during the 3rd quarter. CoreCap Advisors LLC now owns 644 shares of the company’s stock worth $88,000 after acquiring an additional 147 shares in the last quarter.

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.