Swedbank AB purchased a new stake in CoreWeave Inc. (NASDAQ:CRWV – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 13,476 shares of the company’s stock, valued at approximately $965,000.
Other institutional investors have also added to or reduced their stakes in the company. Cornerstone Planning Group LLC raised its stake in CoreWeave by 272.8% during the 4th quarter. Cornerstone Planning Group LLC now owns 343 shares of the company’s stock worth $25,000 after buying an additional 251 shares during the period. KERR FINANCIAL PLANNING Corp acquired a new position in CoreWeave during the 3rd quarter worth approximately $27,000. Aspect Partners LLC acquired a new position in CoreWeave during the 3rd quarter worth approximately $28,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in CoreWeave during the 3rd quarter worth approximately $30,000. Finally, Rothschild Investment LLC raised its stake in CoreWeave by 10,700.0% during the 3rd quarter. Rothschild Investment LLC now owns 216 shares of the company’s stock worth $30,000 after buying an additional 214 shares during the period.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on the company. Evercore reaffirmed an “outperform” rating and set a $150.00 price target on shares of CoreWeave in a research note on Wednesday, April 15th. Wolfe Research assumed coverage on CoreWeave in a research note on Thursday, April 16th. They set an “outperform” rating and a $150.00 price target on the stock. Barclays upped their price target on CoreWeave from $90.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Monday, April 20th. Truist Financial upped their price target on CoreWeave from $85.00 to $131.00 and gave the stock a “hold” rating in a research note on Friday. Finally, Citizens Jmp reaffirmed a “market outperform” rating and set a $180.00 price target on shares of CoreWeave in a research note on Friday, February 27th. Twenty research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $131.09.
CoreWeave Stock Performance
Shares of CoreWeave stock opened at $114.15 on Monday. The company has a market cap of $50.56 billion, a PE ratio of -36.70 and a beta of 7.84. CoreWeave Inc. has a 52 week low of $50.18 and a 52 week high of $187.00. The business has a 50 day moving average price of $94.19 and a 200-day moving average price of $92.34. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 4.46.
CoreWeave (NASDAQ:CRWV – Get Free Report) last issued its quarterly earnings data on Thursday, February 26th. The company reported ($0.89) EPS for the quarter, missing the consensus estimate of ($0.61) by ($0.28). The company had revenue of $1.57 billion during the quarter. CoreWeave had a negative return on equity of 47.88% and a negative net margin of 25.57%.CoreWeave’s quarterly revenue was up 110.4% compared to the same quarter last year. Equities analysts anticipate that CoreWeave Inc. will post -4.15 earnings per share for the current fiscal year.
Trending Headlines about CoreWeave
Here are the key news stories impacting CoreWeave this week:
- Positive Sentiment: CoreWeave said bookings hit the strongest level in company history and backlog remains very large, reinforcing that demand for AI infrastructure is still extremely strong. CoreWeave Reports ‘Strongest’ Bookings
- Positive Sentiment: Analysts and commentators remain constructive on the long-term AI growth story, with some saying the pullback may create an attractive entry point despite near-term volatility. Seeking Alpha rating upgrade
- Neutral Sentiment: The company also highlighted product momentum, including expanded SUNK capabilities and SUNK Anywhere, which could support customer adoption over time. CoreWeave expands SUNK capabilities
- Neutral Sentiment: JPMorgan and Mizuho raised price targets but kept neutral ratings, suggesting Wall Street sees value but is still cautious on the stock’s near-term execution risk. Analyst target updates
- Negative Sentiment: CoreWeave reported a larger quarterly loss than expected as operating expenses climbed, fueling concerns that profitability remains distant even with rapid revenue growth. WSJ on widened Q1 loss
- Negative Sentiment: Second-quarter revenue guidance came in below consensus, and the company also lifted its capital spending outlook, creating concern about slower conversion of demand into revenue and continued heavy investment. CoreWeave forecast miss and higher capex
- Negative Sentiment: Recent insider and major shareholder selling, including sales by CEO Michael Intrator, Brian Venturo, Chen Goldberg, and Magnetar Financial, is adding short-term pressure on sentiment. CEO Form 4 filing
Insider Buying and Selling
In other news, major shareholder Magnetar Financial Llc sold 159,168 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $129.91, for a total value of $20,677,514.88. Following the completion of the transaction, the insider directly owned 674,490 shares of the company’s stock, valued at $87,622,995.90. This represents a 19.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Michael N. Intrator sold 200,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $127.59, for a total value of $25,518,000.00. Following the completion of the transaction, the chief executive officer directly owned 4,666,501 shares of the company’s stock, valued at approximately $595,398,862.59. This represents a 4.11% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 24,140,849 shares of company stock valued at $2,703,881,259.
About CoreWeave
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.
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