CoreWeave (NASDAQ:CRWV – Free Report) had its price target lifted by Mizuho from $105.00 to $110.00 in a report issued on Friday, MarketBeat reports. They currently have a neutral rating on the stock.
CRWV has been the subject of a number of other research reports. Sanford C. Bernstein boosted their price target on CoreWeave from $56.00 to $67.00 and gave the stock an “underperform” rating in a research report on Tuesday, April 14th. Needham & Company LLC reiterated a “hold” rating on shares of CoreWeave in a research report on Friday, February 27th. Deutsche Bank Aktiengesellschaft upgraded CoreWeave from a “hold” rating to a “buy” rating and boosted their price target for the stock from $100.00 to $140.00 in a research report on Tuesday, January 27th. Bank of America upgraded CoreWeave from a “neutral” rating to a “buy” rating and set a $100.00 price target for the company in a research report on Tuesday, March 24th. Finally, HC Wainwright reissued a “buy” rating and issued a $180.00 price objective on shares of CoreWeave in a research note on Monday, March 2nd. Twenty analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.09.
Read Our Latest Research Report on CRWV
CoreWeave Trading Down 11.4%
CoreWeave (NASDAQ:CRWV – Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The company reported ($0.89) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.28). CoreWeave had a negative return on equity of 47.88% and a negative net margin of 25.57%.The business had revenue of $1.57 billion for the quarter. The firm’s revenue for the quarter was up 110.4% on a year-over-year basis. As a group, research analysts expect that CoreWeave will post -4.15 EPS for the current year.
Insider Transactions at CoreWeave
In other news, major shareholder Magnetar Financial Llc sold 159,168 shares of the business’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $129.91, for a total value of $20,677,514.88. Following the sale, the insider owned 674,490 shares of the company’s stock, valued at approximately $87,622,995.90. The trade was a 19.09% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael N. Intrator sold 200,000 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $127.59, for a total value of $25,518,000.00. Following the completion of the sale, the chief executive officer directly owned 4,666,501 shares in the company, valued at $595,398,862.59. This represents a 4.11% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 24,307,514 shares of company stock worth $2,719,871,811 over the last 90 days.
Institutional Investors Weigh In On CoreWeave
Institutional investors and hedge funds have recently modified their holdings of the stock. Cornerstone Planning Group LLC raised its position in shares of CoreWeave by 272.8% during the fourth quarter. Cornerstone Planning Group LLC now owns 343 shares of the company’s stock worth $25,000 after purchasing an additional 251 shares during the period. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of CoreWeave during the third quarter worth $27,000. Aspect Partners LLC acquired a new stake in shares of CoreWeave during the third quarter worth $28,000. Cullen Frost Bankers Inc. raised its position in shares of 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 purchasing an additional 121 shares during the period. Finally, Greenline Wealth Management LLC acquired a new stake in shares of CoreWeave during the fourth quarter worth $28,000.
Key Stories Impacting CoreWeave
Here are the key news stories impacting CoreWeave this week:
- Positive Sentiment: CoreWeave said bookings hit the strongest level in company history and backlog remains very large, reinforcing that demand for AI infrastructure is still extremely strong. CoreWeave Reports ‘Strongest’ Bookings
- Positive Sentiment: Analysts and commentators remain constructive on the long-term AI growth story, with some saying the pullback may create an attractive entry point despite near-term volatility. Seeking Alpha rating upgrade
- Neutral Sentiment: The company also highlighted product momentum, including expanded SUNK capabilities and SUNK Anywhere, which could support customer adoption over time. CoreWeave expands SUNK capabilities
- Neutral Sentiment: JPMorgan and Mizuho raised price targets but kept neutral ratings, suggesting Wall Street sees value but is still cautious on the stock’s near-term execution risk. Analyst target updates
- Negative Sentiment: CoreWeave reported a larger quarterly loss than expected as operating expenses climbed, fueling concerns that profitability remains distant even with rapid revenue growth. WSJ on widened Q1 loss
- Negative Sentiment: Second-quarter revenue guidance came in below consensus, and the company also lifted its capital spending outlook, creating concern about slower conversion of demand into revenue and continued heavy investment. CoreWeave forecast miss and higher capex
- Negative Sentiment: Recent insider and major shareholder selling, including sales by CEO Michael Intrator, Brian Venturo, Chen Goldberg, and Magnetar Financial, is adding short-term pressure on sentiment. CEO Form 4 filing
About CoreWeave
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.
Further Reading
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