CoreWeave (NASDAQ:CRWV) Raised to “Strong-Buy” at BNP Paribas Exane

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

CRWV has been the subject of several other reports. JPMorgan Chase & Co. increased their price target on shares of CoreWeave from $90.00 to $105.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Jefferies Financial Group increased their price target on shares of CoreWeave from $120.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Roth Mkm reissued a “buy” rating and set a $150.00 price target on shares of CoreWeave in a report on Friday, May 8th. Weiss Ratings reissued a “sell (e+)” rating on shares of CoreWeave in a report on Monday, May 4th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $135.00 price target on shares of CoreWeave in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, CoreWeave has a consensus rating of “Moderate Buy” and a consensus target price of $131.52.

CoreWeave Trading Down 7.0%

NASDAQ CRWV opened at $110.93 on Tuesday. The stock has a market capitalization of $49.65 billion, a P/E ratio of -35.67 and a beta of 7.14. CoreWeave has a 52-week low of $63.80 and a 52-week high of $187.00. The firm has a 50-day moving average price of $104.84 and a 200 day moving average price of $91.25. 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 posted its quarterly 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 firm 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 period in the prior year, the company earned ($0.60) earnings per share. Equities research analysts expect that CoreWeave will post -4.57 EPS for the current year.

Insider Buying and Selling at CoreWeave

In other CoreWeave news, insider Brian M. Venturo sold 1,125,000 shares of the stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $80.86, for a total value of $90,967,500.00. Following the completion of the transaction, the insider directly owned 285,327 shares of the company’s stock, valued at approximately $23,071,541.22. This trade represents a 79.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Magnetar Financial Llc sold 1,404,667 shares of the stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $118.30, for a total transaction of $166,172,106.10. Following the completion of the transaction, the insider directly owned 282,570 shares of the company’s stock, valued at approximately $33,428,031. This trade represents a 83.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 27,367,534 shares of company stock valued at $3,065,455,742.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CRWV. Sivia Capital Partners LLC purchased a new position in shares of CoreWeave during the 2nd quarter worth approximately $39,824,000. Quantbot Technologies LP purchased a new position in shares of CoreWeave during the 2nd quarter worth approximately $311,000. Invesco Ltd. purchased a new position in shares of CoreWeave during the 2nd quarter worth approximately $882,000. First Trust Advisors LP purchased a new position in shares of CoreWeave during the 2nd quarter worth approximately $20,260,000. Finally, Baird Financial Group Inc. purchased a new position in shares of CoreWeave during the 2nd quarter worth approximately $455,000.

Key Stories Impacting CoreWeave

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.