CoreWeave (NASDAQ:CRWV) Given New $100.00 Price Target at Cantor Fitzgerald

CoreWeave (NASDAQ:CRWV) had its target price cut by stock analysts at Cantor Fitzgerald from $176.00 to $100.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Cantor Fitzgerald‘s price objective suggests a potential upside of 105.21% from the company’s previous close.

Several other equities research analysts also recently issued reports on CRWV. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of CoreWeave in a research note on Monday, September 21st. Rosenblatt Securities decreased 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. Northland Securities set a $200.00 price objective on shares of CoreWeave in a research report on Wednesday, October 7th. Robert W. Baird raised their target price on CoreWeave from $100.00 to $130.00 and gave the company an “outperform” rating in a research note on Wednesday, August 12th. Finally, Rothschild & Co Redburn began coverage on CoreWeave in a research report on Monday, September 21st. They set a “sell” rating and a $54.00 target price on the stock. Twenty-seven research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat, CoreWeave currently has a consensus rating of “Moderate Buy” and an average target price of $121.58.

CoreWeave Trading Down 0.5%

CRWV opened at $48.73 on Wednesday. The firm’s 50 day moving average is $74.13 and its 200-day moving average is $89.44. CoreWeave has a 52-week low of $40.58 and a 52-week high of $138.25. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 5.53. The firm 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 earnings results on Tuesday, August 11th. The company reported ($1.14) earnings per share for the quarter, beating the consensus estimate of ($1.52) by $0.38. The business 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%. 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) earnings per share. Analysts expect that CoreWeave will post -4.99 EPS for the current fiscal year.

Insider Buying and Selling at CoreWeave

In related news, EVP Chen Goldberg sold 19,904 shares of the company’s stock in a transaction on Thursday, November 5th. The shares were sold at an average price of $46.50, for a total value of $925,536.00. Following the sale, 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. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Sachin Jain sold 13,611 shares of the stock in a transaction on Monday, November 9th. The shares were sold at an average price of $46.23, for a total transaction of $629,236.53. Following the transaction, the chief operating officer owned 177,224 shares in the company, valued at $8,193,065.52. This trade represents a 7.13% 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. In the last three months, insiders have sold 3,727,018 shares of company stock valued at $337,495,407. Corporate insiders own 24.20% of the company’s stock.

Institutional Investors Weigh In On CoreWeave

Several hedge funds and other institutional investors have recently modified their holdings of CRWV. Essential Partners LLC acquired a new stake in shares of CoreWeave in the 2nd quarter valued at about $30,000. MassMutual Private Wealth & Trust FSB grew its stake in CoreWeave by 241.1% in the third quarter. MassMutual Private Wealth & Trust FSB now owns 307 shares of the company’s stock worth $27,000 after purchasing an additional 217 shares in the last quarter. Burnham & Co LLC acquired a new position in CoreWeave in the second quarter worth about $32,000. Cassaday & Co Wealth Management LLC acquired a new position in CoreWeave in the first quarter worth about $31,000. Finally, Allied Private Wealth LLC bought a new stake in CoreWeave in the second quarter valued at about $40,000.

Key Stories Impacting 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

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.