Truist Financial Has Lowered Expectations for CoreWeave (NASDAQ:CRWV) Stock Price

CoreWeave (NASDAQ:CRWV) had its target price lowered by analysts at Truist Financial from $165.00 to $115.00 in a research report issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial‘s price target indicates a potential upside of 135.99% from the stock’s previous close.

Several other research analysts have also recently weighed in on CRWV. Wells Fargo & Company cut their price objective on shares of CoreWeave from $160.00 to $115.00 and set an “overweight” rating for the company in a research report on Monday. BTIG Research started coverage on shares of CoreWeave in a research report on Wednesday, July 22nd. They set a “buy” rating on the stock. JPMorgan Chase & Co. upgraded CoreWeave from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $120.00 to $125.00 in a research report on Thursday, September 24th. Rosenblatt Securities lowered their price objective on shares of CoreWeave from $250.00 to $160.00 and set a “buy” rating for the company in a research report on Monday. Finally, Rothschild & Co Redburn initiated coverage on CoreWeave in a research note on Monday, September 21st. They issued a “sell” rating and a $54.00 price objective for the company. Twenty-seven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $120.19.

CoreWeave Price Performance

Shares of NASDAQ:CRWV opened at $48.73 on Wednesday. The company has a market capitalization of $22.36 billion, a PE ratio of -13.35 and a beta of 7.71. The company has a debt-to-equity ratio of 5.53, a current ratio of 0.46 and a quick ratio of 0.46. CoreWeave has a 1-year low of $40.58 and a 1-year high of $138.25. The business has a fifty day moving average price of $74.13 and a 200-day moving average price of $89.44.

CoreWeave (NASDAQ:CRWV) last announced its quarterly earnings results 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. CoreWeave had a negative return on equity of 47.95% and a negative net margin of 25.41%. The firm had revenue of $2.58 billion for the quarter. During the same period in the previous year, the company earned ($0.27) earnings per share. The company’s revenue for the quarter was up 112.5% compared to the same quarter last year. As a group, equities analysts expect that CoreWeave will post -4.99 EPS for the current fiscal year.

Insider Transactions at CoreWeave

In other CoreWeave news, CFO Nitin Agrawal sold 22,579 shares of CoreWeave stock in a transaction that occurred on Monday, October 12th. The shares were sold at an average price of $80.13, for a total transaction of $1,809,255.27. Following the completion of the sale, the chief financial officer directly owned 110,017 shares in the company, valued at approximately $8,815,662.21. The trade was a 17.03% decrease in their position. The sale was disclosed in a legal 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, insider Jeff Baker sold 6,670 shares of the business’s stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $61.16, for a total transaction of $407,937.20. Following the transaction, the insider owned 14,170 shares of the company’s stock, valued at $866,637.20. This 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. Insiders have sold 3,727,018 shares of company stock valued at $337,495,407 over the last quarter. Company insiders own 24.20% of the company’s stock.

Institutional Trading of CoreWeave

Large investors have recently made changes to their positions in the company. Alyeska Investment Group L.P. raised its holdings in CoreWeave by 55.7% in the 2nd quarter. Alyeska Investment Group L.P. now owns 10,891,267 shares of the company’s stock valued at $1,084,117,000 after acquiring an additional 3,897,741 shares during the last quarter. State Street Corp increased its position in shares of CoreWeave by 139.7% during the second quarter. State Street Corp now owns 7,058,846 shares of the company’s stock valued at $702,638,000 after acquiring an additional 4,113,873 shares during the last quarter. Bank of America Corp DE increased its holdings in CoreWeave by 13.1% in the 1st quarter. Bank of America Corp DE now owns 5,652,129 shares of the company’s stock valued at $437,870,000 after purchasing an additional 653,398 shares during the last quarter. Amundi increased its holdings in CoreWeave by 266.2% in the 1st quarter. Amundi now owns 3,284,121 shares of the company’s stock valued at $254,421,000 after purchasing an additional 2,387,337 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of CoreWeave by 32.0% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,288,909 shares of the company’s stock valued at $199,410,000 after buying an additional 555,128 shares during the period.

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

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.