CoreWeave (NASDAQ:CRWV) Stock Price Target Lowered at Cantor Fitzgerald

CoreWeave (NASDAQ:CRWV) had its price target reduced by Cantor Fitzgerald from $176.00 to $100.00 in a research note released on Wednesday, Marketbeat.com reports. Cantor Fitzgerald currently has an overweight rating on the stock.

A number of other brokerages also recently weighed in on CRWV. Roth Capital set a $145.00 target price on shares of CoreWeave in a research note on Thursday, August 13th. Northland Securities set a $200.00 price target on CoreWeave in a research report on Wednesday, October 7th. Piper Sandler dropped their price target on CoreWeave from $153.00 to $124.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 21st. Needham & Company LLC restated a “hold” rating on shares of CoreWeave in a research note on Wednesday. Finally, BNP Paribas Exane reaffirmed an “outperform” rating and set a $117.00 price objective on shares of CoreWeave in a research report on Monday, October 19th. Twenty-six research analysts have rated the stock with a Buy rating, eight have given a Hold rating and four have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $118.66.

CoreWeave Trading Up 24.7%

NASDAQ:CRWV opened at $60.77 on Wednesday. CoreWeave has a one year low of $40.58 and a one year high of $138.25. The company has a debt-to-equity ratio of 5.53, a current ratio of 0.46 and a quick ratio of 0.46. The company’s 50-day simple moving average is $73.71 and its 200 day simple moving average is $89.28. The firm has a market capitalization of $27.89 billion, a P/E ratio of -12.93 and a beta of 7.71.

CoreWeave (NASDAQ:CRWV) last announced its quarterly earnings data on Tuesday, August 11th. The company reported ($1.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.52) by $0.38. The business had revenue of $2.58 billion for the quarter. CoreWeave had a negative net margin of 25.56% and a negative return on equity of 59.42%. CoreWeave’s revenue for the quarter was up 112.5% compared to the same quarter last year. During the same quarter last year, the company posted ($0.27) EPS. As a group, analysts forecast that CoreWeave will post -4.99 EPS for the current fiscal year.

Insider Activity at CoreWeave

In other CoreWeave news, COO Sachin Jain sold 13,611 shares of the firm’s stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $46.23, for a total transaction of $629,236.53. Following the completion of the sale, the chief operating officer directly owned 177,224 shares in the company, valued at approximately $8,193,065.52. This trade represents a 7.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Jeff Baker sold 6,670 shares of CoreWeave stock in a transaction dated Thursday, October 29th. The stock was sold at an average price of $61.16, for a total transaction of $407,937.20. Following the completion of the transaction, the insider directly owned 14,170 shares of the company’s stock, valued at $866,637.20. This trade represents a 32.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 3,727,018 shares of company stock worth $337,495,407 in the last ninety days. 24.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CoreWeave

Several institutional investors and hedge funds have recently made changes to their positions in CRWV. Mayflower Financial Advisors LLC raised its holdings in CoreWeave by 48.4% in the 3rd quarter. Mayflower Financial Advisors LLC now owns 3,898 shares of the company’s stock worth $340,000 after acquiring an additional 1,272 shares during the last quarter. Advisors Asset Management Inc. bought a new position in CoreWeave in the 3rd quarter valued at approximately $1,905,000. Edmond DE Rothschild Holding S.A. lifted its position in CoreWeave by 51.0% in the 3rd quarter. Edmond DE Rothschild Holding S.A. now owns 5,800 shares of the company’s stock valued at $505,000 after acquiring an additional 1,960 shares in the last quarter. Westpac Banking Corp purchased a new stake in CoreWeave during the 3rd quarter valued at $266,000. Finally, Creek Drive Management Group LLC purchased a new stake in CoreWeave during the 3rd quarter valued at $836,000.

Top CoreWeave Stories

Investors following CRWV have been watching these stories:

• Positive Sentiment: Large backlog supports demand visibility: Contracted backlog reached about $132.5 billion, while management cited demand outpacing available capacity and stronger GPU pricing. The results also helped revive confidence in the broader AI trade. Backlog and demand report
• Positive Sentiment: Funding measures could ease near-term pressure: CoreWeave expects roughly $9 billion in customer prepayments and deposits over the next three months and is preparing a potential $4 billion investment-grade loan facility, which could lower funding costs. Loan report
• Neutral Sentiment: Analysts remain divided: Some raised targets after the report, while others cut targets or stayed cautious, reflecting uncertainty about how quickly growth will translate into sustainable profitability. Analyst outlook

CoreWeave Company Profile

CoreWeave is a cloud computing company that provides infrastructure for artificial intelligence, machine learning, and other compute-intensive workloads. Its services include access to graphics processing units (GPUs), cloud storage and networking, and software tools for deploying and managing workloads. The company was founded in 2017 as a cryptocurrency mining business and later shifted its focus to cloud computing. CoreWeave is headquartered in Livingston, New Jersey, and operates data center infrastructure in the United States and Europe, serving customers that need large-scale computing resources.