CoreWeave’s (CRWV) Buy Rating Reiterated at HC Wainwright

CoreWeave (NASDAQ:CRWVGet Free Report)‘s stock had its “buy” rating restated by investment analysts at HC Wainwright in a research note issued on Monday,Benzinga reports. They currently have a $180.00 target price on the stock. HC Wainwright’s price target would suggest a potential upside of 126.24% from the stock’s current price.

CRWV has been the subject of a number of other research reports. Loop Capital cut their price target on CoreWeave from $165.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, November 12th. Truist Financial increased their price objective on CoreWeave from $84.00 to $85.00 and gave the stock a “hold” rating in a research note on Friday. Stifel Nicolaus set a $120.00 target price on CoreWeave in a research report on Tuesday, November 11th. DA Davidson upped their price target on CoreWeave from $110.00 to $125.00 and gave the stock a “buy” rating in a report on Friday. Finally, Citizens Jmp reissued a “market outperform” rating and issued a $180.00 price target on shares of CoreWeave in a research report on Friday. Seventeen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $124.34.

Read Our Latest Analysis on CoreWeave

CoreWeave Stock Performance

Shares of CoreWeave stock opened at $79.56 on Monday. The business has a 50-day simple moving average of $88.88 and a 200 day simple moving average of $99.49. CoreWeave has a one year low of $33.51 and a one year high of $187.00. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.49 and a quick ratio of 0.49. The firm has a market capitalization of $30.74 billion and a price-to-earnings ratio of -24.86.

CoreWeave (NASDAQ:CRWVGet Free Report) last released its quarterly earnings data on Thursday, February 26th. The company reported ($0.89) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.28). The business had revenue of $1.57 billion during the quarter. CoreWeave had a negative net margin of 22.75% and a negative return on equity of 35.39%. The business’s revenue for the quarter was up 110.4% compared to the same quarter last year.

Insider Transactions at CoreWeave

In related news, CEO Michael N. Intrator sold 111,427 shares of CoreWeave stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $72.39, for a total value of $8,066,200.53. Following the completion of the sale, the chief executive officer owned 5,922,620 shares of the company’s stock, valued at approximately $428,738,461.80. This trade represents a 1.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Brian M. Venturo sold 281,250 shares of the company’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $87.75, for a total transaction of $24,679,687.50. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 4,585,290 shares of company stock worth $392,301,407.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in shares of CoreWeave by 275.6% during the fourth quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company’s stock worth $1,999,421,000 after acquiring an additional 20,487,478 shares in the last quarter. Proficio Capital Partners LLC lifted its holdings in CoreWeave by 446,194.0% during the 3rd quarter. Proficio Capital Partners LLC now owns 17,851,760 shares of the company’s stock worth $2,443,013,000 after purchasing an additional 17,847,760 shares in the last quarter. Deutsche Bank AG lifted its holdings in CoreWeave by 22,624.0% during the 4th quarter. Deutsche Bank AG now owns 3,812,856 shares of the company’s stock worth $273,039,000 after purchasing an additional 3,796,077 shares in the last quarter. Altimeter Capital Management LP bought a new position in CoreWeave in the 4th quarter worth about $230,099,000. Finally, Alyeska Investment Group L.P. grew its holdings in CoreWeave by 300.0% during the 4th quarter. Alyeska Investment Group L.P. now owns 4,000,000 shares of the company’s stock valued at $286,440,000 after buying an additional 3,000,000 shares in the last quarter.

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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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