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

CoreWeave (NASDAQ:CRWV) had its target price lowered by investment analysts at Barclays from $120.00 to $90.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 8.91% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Jefferies Financial Group decreased their target price on shares of CoreWeave from $160.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $167.00 price target on shares of CoreWeave in a research report on Thursday, June 11th. Mizuho cut their price target on shares of CoreWeave from $110.00 to $100.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 15th. Bank of America upgraded shares of CoreWeave from a “neutral” rating to a “buy” rating and set a $100.00 price target on the stock in a report on Tuesday, March 24th. Finally, Evercore reissued an “outperform” rating and set a $150.00 price objective on shares of CoreWeave in a research note on Wednesday, April 15th. Twenty-two equities research analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, CoreWeave currently has a consensus rating of “Moderate Buy” and an average price target of $136.25.

CoreWeave Stock Performance

NASDAQ CRWV opened at $82.64 on Tuesday. The business’s 50-day moving average price is $98.41 and its 200 day moving average price is $95.46. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 3.68. CoreWeave has a twelve month low of $63.80 and a twelve month high of $153.20. The company has a market capitalization of $36.99 billion, a PE ratio of -26.57 and a beta of 7.17.

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

Insider Activity at CoreWeave

In related news, insider Brian M. Venturo sold 76,912 shares of CoreWeave stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $86.99, for a total transaction of $6,690,574.88. Following the sale, the insider owned 283,985 shares of the company’s stock, valued at $24,703,855.15. The trade was a 21.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Michael N. Intrator sold 61,797 shares of CoreWeave stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $86.94, for a total transaction of $5,372,631.18. Following the sale, the chief executive officer directly owned 2,876,815 shares in the company, valued at $250,110,296.10. This trade represents a 2.10% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 17,072,869 shares of company stock valued at $1,983,274,420. Corporate insiders own 24.20% of the company’s stock.

Institutional Trading of CoreWeave

Hedge funds and other institutional investors have recently modified their holdings of the business. Sivia Capital Partners LLC acquired a new position in shares of CoreWeave in the second quarter worth about $39,824,000. Quantbot Technologies LP acquired a new stake in CoreWeave during the 2nd quarter valued at approximately $311,000. Invesco Ltd. purchased a new stake in CoreWeave during the 2nd quarter worth approximately $882,000. First Trust Advisors LP purchased a new stake in CoreWeave during the 2nd quarter worth approximately $20,260,000. Finally, Baird Financial Group Inc. acquired a new position in shares of CoreWeave in the 2nd quarter valued at approximately $455,000.

CoreWeave News Summary

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Truist upgraded CoreWeave to Buy, helping lift the stock as Wall Street continues to favor the company’s AI infrastructure growth story. CoreWeave upgraded to buy at Truist
• Positive Sentiment: Baird initiated coverage on CoreWeave with an Outperform rating, adding another vote of confidence in the company’s ability to benefit from AI demand and cloud expansion. CoreWeave, Nebius initiated with outperform ratings at Baird
• Positive Sentiment: Several pieces highlight the company’s strong revenue growth outlook and recent rebound, including commentary that CoreWeave is chasing 108% Q2 revenue growth with major power capacity expansion. CoreWeave (CRWV) Is Chasing 108% Q2 Revenue Growth With A Big Power Ramp
• Neutral Sentiment: The CFO sold about $5.5 million of company shares, which may raise some investor caution but is not necessarily a fundamental red flag on its own. CoreWeave’s CFO Sold Company Shares for $5.5 Million. What Does That Mean for Investors?
• Neutral Sentiment: Analyst target updates show mixed but still constructive sentiment: one report noted a $139.69 consensus price target, while Barclays cut its target to $90 and kept an equal-weight view. CoreWeave Inc. (NASDAQ:CRWV) Receives $139.69 Consensus PT from Brokerages
• Negative Sentiment: Broader concerns remain around CoreWeave’s heavy debt load, large capital spending needs, and pressure to quickly add power capacity, which could limit upside if execution slows. CoreWeave’s AI-Native Cloud Faces the Storm

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.