CoreWeave (NASDAQ:CRWV) Given “Buy” Rating at HC Wainwright

CoreWeave (NASDAQ:CRWVGet Free Report)‘s stock had its “buy” rating restated by analysts at HC Wainwright in a research report issued to clients and investors on Monday,Benzinga reports. They presently have a $180.00 price objective on the stock. HC Wainwright’s price objective would indicate a potential upside of 126.24% from the stock’s current price.

A number of other equities analysts have also commented on the company. Needham & Company LLC restated a “hold” rating on shares of CoreWeave in a research note on Friday. Roth Mkm restated a “buy” rating on shares of CoreWeave in a research report on Monday, February 23rd. Evercore dropped their price target on CoreWeave from $175.00 to $160.00 and set an “outperform” rating for the company in a research note on Tuesday, November 11th. Citizens Jmp reiterated a “market outperform” rating and set a $180.00 price objective on shares of CoreWeave in a research note on Friday. Finally, Citigroup reissued a “buy” rating and issued a $135.00 target price (down from $192.00) on shares of CoreWeave in a report on Friday, December 19th. Seventeen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $124.34.

Get Our Latest Report on CRWV

CoreWeave Stock Down 18.5%

CoreWeave stock opened at $79.56 on Monday. The company’s 50-day moving average price is $88.88 and its two-hundred day moving average price is $99.49. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 2.66. The stock has a market cap of $30.74 billion and a P/E ratio of -24.86. CoreWeave has a twelve month low of $33.51 and a twelve month high of $187.00.

CoreWeave (NASDAQ:CRWVGet Free Report) last posted its earnings results on Thursday, February 26th. The company reported ($0.89) EPS for the quarter, missing the consensus estimate of ($0.61) by ($0.28). CoreWeave had a negative net margin of 22.75% and a negative return on equity of 35.39%. The firm had revenue of $1.57 billion during the quarter. The business’s quarterly revenue was up 110.4% on a year-over-year basis.

Insider Buying and Selling at CoreWeave

In other news, CEO Michael N. Intrator sold 32,456 shares of the stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $99.95, for a total value of $3,243,977.20. Following the completion of the sale, the chief executive officer owned 5,731,412 shares of the company’s stock, valued at approximately $572,854,629.40. This represents a 0.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Chen Goldberg sold 18,950 shares of the firm’s stock in a transaction dated Friday, February 20th. The stock was sold at an average price of $90.84, for a total value of $1,721,418.00. Following the transaction, the executive vice president owned 58,689 shares of the company’s stock, valued at $5,331,308.76. This trade represents a 24.41% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 4,585,290 shares of company stock worth $392,301,407 over the last quarter.

Institutional Trading of CoreWeave

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Family Legacy Financial Solutions LLC boosted its stake in shares of CoreWeave by 166.7% in the 3rd quarter. Family Legacy Financial Solutions LLC now owns 200 shares of the company’s stock valued at $27,000 after purchasing an additional 125 shares during the last quarter. HighMark Wealth Management LLC bought a new stake in shares of CoreWeave during the 3rd quarter valued at about $27,000. OLD Second National Bank of Aurora acquired a new stake in CoreWeave during the third quarter worth approximately $27,000. KERR FINANCIAL PLANNING Corp acquired a new stake in CoreWeave during the third quarter worth approximately $27,000. Finally, Aspect Partners LLC bought a new stake in CoreWeave in the third quarter worth approximately $28,000.

Key Stories Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

About CoreWeave

(Get Free Report)

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.

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Analyst Recommendations for CoreWeave (NASDAQ:CRWV)

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