CoreWeave (NASDAQ:CRWV) Stock Rating Upgraded by BNP Paribas Exane

CoreWeave (NASDAQ:CRWV) was upgraded by BNP Paribas Exane to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

Several other brokerages have also commented on CRWV. Wolfe Research started coverage on CoreWeave in a research note on Thursday, April 16th. They issued an “outperform” rating and a $150.00 price target on the stock. Citigroup upped their price target on CoreWeave from $155.00 to $158.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Wells Fargo & Company upped their price target on CoreWeave from $135.00 to $155.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Cantor Fitzgerald upped their price target on CoreWeave from $156.00 to $167.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. Finally, Evercore reaffirmed an “outperform” rating and issued a $150.00 price target on shares of CoreWeave in a research note on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, CoreWeave presently has an average rating of “Moderate Buy” and a consensus price target of $131.52.

CoreWeave Stock Performance

Shares of CoreWeave stock opened at $110.93 on Tuesday. CoreWeave has a 52 week low of $63.80 and a 52 week high of $187.00. The business’s fifty day simple moving average is $104.84 and its 200-day simple moving average is $91.25. The firm has a market cap of $49.65 billion, a PE ratio of -35.67 and a beta of 7.14. 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 (NASDAQ:CRWV) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($1.40) EPS for the quarter, missing the consensus estimate of ($1.17) by ($0.23). CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. The business had revenue of $2.08 billion during the quarter. During the same quarter in the previous year, the business posted ($0.60) earnings per share. The firm’s revenue was up 111.6% on a year-over-year basis. Equities analysts forecast that CoreWeave will post -4.57 earnings per share for the current year.

Insider Activity at CoreWeave

In other CoreWeave news, CFO Nitin Agrawal sold 5,508 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $102.17, for a total transaction of $562,752.36. Following the sale, the chief financial officer owned 193,771 shares in the company, valued at $19,797,583.07. This represents a 2.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jack D. Cogen sold 271,153 shares of the stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $106.97, for a total value of $29,005,236.41. Following the completion of the transaction, the director owned 8,769,676 shares in the company, valued at approximately $938,092,241.72. The trade was a 3.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 27,367,534 shares of company stock worth $3,065,455,742 over the last quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Parallel Advisors LLC increased its holdings in shares of CoreWeave by 4.0% in the 1st quarter. Parallel Advisors LLC now owns 2,340 shares of the company’s stock valued at $181,000 after acquiring an additional 91 shares during the last quarter. Pathway Wealth Management LLC increased its holdings in shares of CoreWeave by 2.9% in the 1st quarter. Pathway Wealth Management LLC now owns 3,593 shares of the company’s stock valued at $278,000 after acquiring an additional 100 shares during the last quarter. Azzad Asset Management Inc. ADV increased its holdings in shares of CoreWeave by 2.1% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 5,020 shares of the company’s stock valued at $389,000 after acquiring an additional 104 shares during the last quarter. Hazlett Burt & Watson Inc. increased its holdings in shares of CoreWeave by 34.7% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 462 shares of the company’s stock valued at $33,000 after acquiring an additional 119 shares during the last quarter. Finally, Cullen Frost Bankers Inc. increased its holdings in shares of CoreWeave by 45.8% in the 4th quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock valued at $28,000 after acquiring an additional 121 shares during the last quarter.

Key CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: BNP Paribas initiated coverage on CoreWeave with an Outperform rating and a $192 target, adding fresh bullish Wall Street support. BNP Paribas Initiates Coverage on CoreWeave. That Means CRWV Stock Could Soar 71% from Here.
• Positive Sentiment: CoreWeave’s first-to-market validation of NVIDIA’s Vera Rubin NVL72 system reinforces its AI infrastructure leadership and could attract more enterprise demand. Why CoreWeave (CRWV) Is Up 18.3% After First NVIDIA Vera Rubin NVL72 Cloud Deployment
• Positive Sentiment: Analyst upgrades, AI-sector strength, and unusually high options volume point to strong trading momentum in CRWV. CoreWeave Sees Unusually High Options Volume (NASDAQ:CRWV)
• Neutral Sentiment: Some market commentary still views CoreWeave as a valuation-dependent story, suggesting investors want more proof of execution before assigning much higher value. Buy, Hold, or Sell: Is CoreWeave a Multibagger in the Making, or an AI Infrastructure Debt Trap?
• Negative Sentiment: Recent insider selling by a director, COO, and major shareholder may slightly pressure sentiment, even though the transactions were disclosed and not necessarily a signal of near-term weakness. Jack D. Cogen Sells 271,153 Shares of CoreWeave

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.