Prospera Financial Services Inc lowered its holdings in CoreWeave Inc. (NASDAQ:CRWV – Free Report) by 32.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,602 shares of the company’s stock after selling 5,129 shares during the period. Prospera Financial Services Inc’s holdings in CoreWeave were worth $759,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of CRWV. Vanguard Group Inc. lifted its holdings in shares of CoreWeave by 275.6% in the fourth 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 in the last quarter. Proficio Capital Partners LLC lifted its holdings in shares of CoreWeave by 446,194.0% in the third quarter. Proficio Capital Partners LLC now owns 17,851,760 shares of the company’s stock valued at $2,443,013,000 after purchasing an additional 17,847,760 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of CoreWeave by 55,329.7% in the third quarter. Invesco Ltd. now owns 2,999,300 shares of the company’s stock valued at $410,454,000 after purchasing an additional 2,993,889 shares in the last quarter. Clear Street Group Inc. purchased a new stake in shares of CoreWeave in the third quarter valued at $405,199,000. Finally, Lavaca Capital LLC purchased a new stake in shares of CoreWeave during the third quarter worth $273,700,000.
Insider Buying and Selling at CoreWeave
In other CoreWeave news, Director Jack D. Cogen sold 986,540 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $107.80, for a total transaction of $106,349,012.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Magnetar Financial Llc sold 1,404,667 shares of the firm’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $118.30, for a total value of $166,172,106.10. Following the transaction, the insider owned 282,570 shares in the company, valued at approximately $33,428,031. This trade represents a 83.25% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 27,265,642 shares of company stock worth $3,043,956,040 over the last three months.
CoreWeave News Roundup
- Positive Sentiment: CoreWeave launched new unified agentic AI capabilities that aim to connect training and inference in a closed loop, reinforcing its role as a key AI infrastructure provider and supporting the long-term growth story. CoreWeave’s Closed Loop Agentic AI Aims To Reshape Growth Expectations
- Positive Sentiment: Reports highlighted CoreWeave’s backlog approaching $100 billion, suggesting strong demand visibility and multi-year revenue potential as AI cloud spending remains robust. CoreWeave’s Backlog Hits Nearly $100B: Multi-Year Growth Secured?
- Positive Sentiment: Analysts remain constructive overall, with recent target increases and a favorable long-term outlook tied to explosive AI infrastructure demand. Here’s What Analysts Think About CoreWeave, Inc. (CRWV)
- Neutral Sentiment: CoreWeave also announced participation in the BofA Securities Global Technology Conference, which keeps management in front of investors but is not a fundamental catalyst by itself. CoreWeave to Participate in the BofA Securities Global Technology Conference
- Negative Sentiment: Heavy insider selling may be pressuring sentiment, including large share sales by Director Jack D. Cogen and additional sales by CEO Michael Intrator, CFO Nitin Agrawal, COO Sachin Jain, and Director Karen Boone. SEC filing for insider sale
- Negative Sentiment: Investors are still focused on CoreWeave’s sizable losses and capital intensity, which could limit enthusiasm despite strong revenue growth and major customer commitments. CoreWeave Lost $740 Million in 90 Days. Then Meta Handed It $21 Billion.
CoreWeave Price Performance
Shares of NASDAQ:CRWV opened at $109.53 on Friday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 3.68. The firm has a market cap of $49.02 billion, a price-to-earnings ratio of -35.22 and a beta of 7.84. CoreWeave Inc. has a 1 year low of $63.80 and a 1 year high of $187.00. The business has a fifty day simple moving average of $102.63 and a 200 day simple moving average of $90.63.
CoreWeave (NASDAQ:CRWV – Get Free Report) last posted its 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). CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. The company had revenue of $2.08 billion for the quarter. During the same quarter in the prior year, the business posted ($0.60) EPS. CoreWeave’s quarterly revenue was up 111.6% on a year-over-year basis. As a group, sell-side analysts predict that CoreWeave Inc. will post -4.57 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on CRWV. Citizens Jmp reiterated a “market outperform” rating and set a $180.00 price objective on shares of CoreWeave in a report on Friday, February 27th. Wells Fargo & Company increased their price objective on CoreWeave from $135.00 to $155.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Citigroup increased their price objective on CoreWeave from $155.00 to $158.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Oppenheimer increased their price objective on CoreWeave from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Finally, Bank of America upgraded CoreWeave from a “neutral” rating to a “buy” rating and set a $100.00 price objective for the company in a report on Tuesday, March 24th. Nineteen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $129.63.
Read Our Latest Research Report on CRWV
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.
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