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

CoreWeave (NASDAQ:CRWV) had its target price reduced by Mizuho from $110.00 to $100.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a neutral rating on the stock.

CRWV has been the subject of a number of other reports. Bank of America raised CoreWeave from a “neutral” rating to a “buy” rating and set a $100.00 price target for the company in a research report on Tuesday, March 24th. Rosenblatt Securities reissued a “buy” rating and set a $250.00 target price on shares of CoreWeave in a report on Thursday, July 2nd. Oppenheimer raised their price objective on shares of CoreWeave from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Roth Capital restated a “buy” rating and issued a $150.00 target price on shares of CoreWeave in a research note on Friday, May 8th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $135.00 price objective on shares of CoreWeave in a research report on Friday, May 8th. Twenty-one investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $139.69.

CoreWeave Stock Down 3.5%

Shares of CoreWeave stock opened at $77.12 on Wednesday. The stock’s 50-day moving average is $102.32 and its 200 day moving average is $95.37. CoreWeave has a one year low of $63.80 and a one year high of $153.20. The firm has a market cap of $34.52 billion, a price-to-earnings ratio of -24.80 and a beta of 7.17. The company has a debt-to-equity ratio of 3.68, a current ratio of 0.31 and a quick ratio of 0.31.

CoreWeave (NASDAQ:CRWV) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($1.40) earnings per share for the quarter, missing the consensus estimate of ($1.17) by ($0.23). The company had revenue of $2.08 billion during the quarter. CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. The company’s quarterly revenue was up 111.6% on a year-over-year basis. During the same period in the prior year, the business posted ($0.60) earnings per share. Equities research analysts anticipate that CoreWeave will post -4.57 EPS for the current year.

Insider Activity at CoreWeave

In related news, insider Brian M. Venturo sold 1,125,000 shares of the stock in a transaction on Monday, April 20th. The stock was sold at an average price of $115.93, for a total transaction of $130,421,250.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Magnetar Financial Llc sold 1,284,876 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $119.91, for a total transaction of $154,069,481.16. Following the sale, the insider directly owned 264,061 shares in the company, valued at approximately $31,663,554.51. The trade was a 82.95% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 22,497,827 shares of company stock valued at $2,631,635,257 in the last 90 days. Corporate insiders own 24.20% of the company’s stock.

Institutional Trading of CoreWeave

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CRWV. Vanguard Group Inc. boosted its holdings in shares of CoreWeave by 275.6% during the 4th quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company’s stock valued at $1,999,421,000 after purchasing an additional 20,487,478 shares during the last quarter. Proficio Capital Partners LLC raised 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 valued at $2,443,013,000 after buying an additional 17,847,760 shares during the period. Bank of America Corp DE lifted its holdings in shares of CoreWeave by 13.1% in the 1st quarter. Bank of America Corp DE now owns 5,652,129 shares of the company’s stock worth $437,870,000 after acquiring an additional 653,398 shares during the last quarter. Clear Street Group Inc. lifted its stake in CoreWeave by 57.2% in the fourth quarter. Clear Street Group Inc. now owns 4,653,815 shares of the company’s stock worth $333,260,000 after purchasing an additional 1,692,916 shares during the last quarter. Finally, Alyeska Investment Group L.P. boosted 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 acquiring an additional 3,000,000 shares during the period.

Trending Headlines about CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Some analysts and articles still highlight CoreWeave’s expanding backlog, AI cloud platform, and long-term power agreements as reasons the stock could have upside if growth continues. CRWV vs. MSFT: Which AI Cloud Stock Has More Growth Potential?
• Positive Sentiment: Ark Invest reportedly added to its CoreWeave position, signaling some institutional confidence despite the recent selloff. CoreWeave (CRWV) Stock Faces Meta Compute Threat As Ark Invest Adds Shares
• Neutral Sentiment: Mizuho lowered its price target on CoreWeave to $100 from $110 and kept a neutral rating, reflecting a more cautious but not outright bearish view. Benzinga report on Mizuho price target cut
• Neutral Sentiment: CoreWeave is reportedly exploring derivatives to hedge memory-chip price risk, which could help stabilize costs but also underscores exposure to volatile hardware pricing. AI cloud company CoreWeave explores Wall Street playbook to hedge memory-chip price risk
• Neutral Sentiment: A valuation-focused article argues the stock’s sharp decline has made the shares look cheaper, but notes the valuation case is mixed because of high debt, customer concentration, and legal risk. Is CoreWeave (CRWV) Cheap After A 43% Drop?
• Negative Sentiment: New competition from Meta’s “Meta Compute” cloud AI offering has raised concerns that one of CoreWeave’s key customers could also become a rival. CoreWeave (CRWV) Stock Faces Meta Compute Threat As Ark Invest Adds Shares
• Negative Sentiment: Reuters reported that CoreWeave is considering hedging memory-chip price risk, highlighting concerns about input-cost volatility in its AI infrastructure business. AI cloud company CoreWeave explores Wall Street playbook to hedge memory-chip price risk
• Negative Sentiment: Investor lawsuits and reports of mounting concerns around AI infrastructure demand, chip issues, and customer concentration are adding to bearish sentiment. Long Term Investors in CoreWeave, Inc. shares should contact the Shareholders Foundation in connection with Lawsuit

CoreWeave Company Profile

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.