CoreWeave’s (CRWV) “Hold” Rating Reiterated at Needham & Company LLC

CoreWeave (NASDAQ:CRWV)‘s stock had its “hold” rating reaffirmed by investment analysts at Needham & Company LLC in a note issued to investors on Wednesday, Benzinga reports.

Several other brokerages have also weighed in on CRWV. JPMorgan Chase & Co. upgraded shares of CoreWeave from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $120.00 to $125.00 in a research report on Thursday, September 24th. Roth Capital set a $145.00 price target on shares of CoreWeave in a research report on Thursday, August 13th. Truist Financial increased their price target on shares of CoreWeave from $155.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, August 24th. Btg Pactual set a $125.00 price target on shares of CoreWeave in a research note on Monday, September 21st. Finally, Piper Sandler decreased their price objective on CoreWeave from $153.00 to $124.00 and set an “overweight” rating on the stock in a report on Wednesday, October 21st. Twenty-seven equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $121.58.

CoreWeave Stock Down 0.5%

CRWV opened at $48.73 on Wednesday. CoreWeave has a fifty-two week low of $40.58 and a fifty-two week 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 firm’s fifty day moving average price is $74.13 and its two-hundred day moving average price is $89.44. The company has a market capitalization of $22.36 billion, a P/E ratio of -13.35 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 (EPS) for the quarter, beating analysts’ consensus estimates of ($1.52) by $0.38. The company had revenue of $2.58 billion during the quarter. CoreWeave had a negative net margin of 25.41% and a negative return on equity of 47.95%. The company’s quarterly revenue was up 112.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.27) EPS. On average, analysts anticipate that CoreWeave will post -4.99 EPS for the current year.

Insiders Place Their Bets

In related news, insider Jeff Baker sold 6,670 shares of the stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $61.16, for a total transaction of $407,937.20. Following the completion of the sale, the insider owned 14,170 shares in the company, valued at $866,637.20. This trade represents a 32.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Chen Goldberg sold 19,904 shares of CoreWeave stock in a transaction dated Thursday, November 5th. The shares were sold at an average price of $46.50, for a total transaction of $925,536.00. Following the transaction, the executive vice president directly owned 68,149 shares of the company’s stock, valued at $3,168,928.50. This represents a 22.60% 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 have sold 3,727,018 shares of company stock worth $337,495,407 in the last quarter. 24.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Edmond DE Rothschild Holding S.A. increased its holdings in CoreWeave by 51.0% during the 3rd quarter. Edmond DE Rothschild Holding S.A. now owns 5,800 shares of the company’s stock valued at $505,000 after purchasing an additional 1,960 shares in the last quarter. Westpac Banking Corp bought a new position in CoreWeave in the 3rd quarter valued at $266,000. Creek Drive Management Group LLC acquired a new position in CoreWeave in the third quarter worth $836,000. Ieq Capital LLC boosted its stake in CoreWeave by 179.3% in the third quarter. Ieq Capital LLC now owns 165,639 shares of the company’s stock worth $14,431,000 after purchasing an additional 106,326 shares in the last quarter. Finally, Focus Advisor Solutions LLC boosted its stake in CoreWeave by 308.0% in the third quarter. Focus Advisor Solutions LLC now owns 17,350 shares of the company’s stock worth $1,512,000 after purchasing an additional 13,098 shares in the last quarter.

More CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Strong results and higher guidance: CoreWeave’s revenue exceeded estimates, its quarterly loss was narrower than expected, and management raised its full-year outlook. The report helped ease concerns that AI infrastructure demand may be slowing. Reuters earnings report
• Positive Sentiment: Demand and customer funding: The company reported a backlog of about $132.5 billion and expects roughly $9 billion in customer prepayments and deposits over the next three months. These figures support demand visibility and could help fund capacity growth. Yahoo Finance outlook report
• Positive Sentiment: Analyst support: Citizens reiterated its Market Outperform rating and $180 price target, citing potential upside if growth continues. Finbold analyst report
• Neutral Sentiment: Insider sale tied to taxes: COO Sachin Jain sold 13,611 shares to cover tax withholding on vested equity awards and retained 177,224 shares; the stated reason makes the transaction less clearly bearish. Insider-trading report
• Negative Sentiment: Financing and cash-flow risks remain: The data-center buildout is capital-intensive, and CoreWeave’s debt burden and financing costs remain a concern. Continued reliance on capital markets could constrain expansion or weigh on profitability if funding becomes more expensive or difficult to obtain. Wall Street Journal financing report

About CoreWeave

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.