CoreWeave (NASDAQ:CRWV) Stock Rating Reaffirmed as “Hold” by Needham & Company LLC

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

Other research analysts also recently issued research reports about the company. Northland Securities set a $200.00 price objective on CoreWeave in a report on Wednesday, October 7th. Moffett Nathanson set a $89.00 target price on CoreWeave in a research report on Monday, October 19th. Wells Fargo & Company cut their price target on CoreWeave from $160.00 to $115.00 and set an “overweight” rating on the stock in a research note on Monday. BNP Paribas Exane reaffirmed an “outperform” rating and set a $117.00 price target on shares of CoreWeave in a research note on Monday, October 19th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $75.00 price target on shares of CoreWeave in a report on Monday, October 26th. Twenty-seven investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $121.58.

CoreWeave Price Performance

Shares of CRWV stock opened at $48.73 on Wednesday. CoreWeave has a 1 year low of $40.58 and a 1 year high of $138.25. The firm’s 50 day moving average is $74.13 and its 200-day moving average is $89.44. The firm has a market capitalization of $22.36 billion, a price-to-earnings ratio of -13.35 and a beta of 7.71. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 5.53.

CoreWeave (NASDAQ:CRWV) last released its quarterly earnings results on Tuesday, August 11th. The company reported ($1.14) EPS for the quarter, beating the consensus estimate of ($1.52) by $0.38. CoreWeave had a negative net margin of 25.41% and a negative return on equity of 47.95%. The business had revenue of $2.58 billion for the quarter. During the same period last year, the company earned ($0.27) earnings per share. CoreWeave’s revenue for the quarter was up 112.5% compared to the same quarter last year. Sell-side analysts forecast that CoreWeave will post -4.99 EPS for the current fiscal year.

Insider Activity

In other news, CFO Nitin Agrawal sold 22,579 shares of the stock in a transaction on Monday, October 12th. The stock was sold at an average price of $80.13, for a total value of $1,809,255.27. Following the transaction, the chief financial officer owned 110,017 shares of the company’s stock, valued at $8,815,662.21. This represents a 17.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeff Baker sold 6,670 shares of CoreWeave stock in a transaction on Thursday, October 29th. The stock was sold at an average price of $61.16, for a total value of $407,937.20. Following the sale, the insider directly owned 14,170 shares of the company’s stock, valued at approximately $866,637.20. This trade represents a 32.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 3,727,018 shares of company stock worth $337,495,407. Corporate insiders own 24.20% of the company’s stock.

Hedge Funds Weigh In On CoreWeave

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

Trending Headlines about CoreWeave

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.