Delta Global Management LP Purchases New Position in CoreWeave Inc. $CRWV

Delta Global Management LP purchased a new stake in CoreWeave Inc. (NASDAQ:CRWVFree Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 74,168 shares of the company’s stock, valued at approximately $5,311,000.

Other large investors have also recently added to or reduced their stakes in the company. KERR FINANCIAL PLANNING Corp acquired a new stake in CoreWeave in the 3rd quarter valued at $27,000. Rothschild Investment LLC increased its holdings in CoreWeave by 10,700.0% in the 3rd quarter. Rothschild Investment LLC now owns 216 shares of the company’s stock valued at $30,000 after purchasing an additional 214 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in CoreWeave in the 3rd quarter valued at $30,000. Pin Oak Investment Advisors Inc. acquired a new stake in CoreWeave in the 3rd quarter valued at $34,000. Finally, Cornerstone Planning Group LLC increased its holdings in CoreWeave by 272.8% in the 4th quarter. Cornerstone Planning Group LLC now owns 343 shares of the company’s stock valued at $25,000 after purchasing an additional 251 shares in the last quarter.

CoreWeave Stock Performance

Shares of CRWV stock opened at $106.71 on Tuesday. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.31 and a current ratio of 0.31. CoreWeave Inc. has a one year low of $63.80 and a one year high of $187.00. The company’s 50-day simple moving average is $108.34 and its 200-day simple moving average is $92.79. The stock has a market capitalization of $47.76 billion, a price-to-earnings ratio of -34.31 and a beta of 7.18.

CoreWeave (NASDAQ:CRWVGet Free Report) last issued 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 return on equity of 43.07% and a negative net margin of 25.57%.The company had revenue of $2.08 billion for the quarter. During the same quarter last year, the firm earned ($0.60) earnings per share. The business’s revenue was up 111.6% on a year-over-year basis. Equities analysts anticipate that CoreWeave Inc. will post -4.57 earnings per share for the current fiscal year.

Insider Transactions at CoreWeave

In other news, insider Brian M. Venturo sold 1,125,000 shares of the stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $80.86, for a total transaction of $90,967,500.00. Following the transaction, the insider owned 285,327 shares of the company’s stock, valued at approximately $23,071,541.22. This trade represents a 79.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Magnetar Financial Llc sold 1,404,667 shares of the stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $118.30, for a total transaction of $166,172,106.10. Following the transaction, the insider directly owned 282,570 shares in the company, valued at $33,428,031. The trade was a 83.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 27,654,403 shares of company stock valued at $3,121,873,121.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Sanford C. Bernstein reiterated an “underperform” rating on shares of CoreWeave in a report on Thursday. Wolfe Research began coverage on CoreWeave in a research note on Thursday, April 16th. They set an “outperform” rating and a $150.00 target price for the company. Cantor Fitzgerald restated an “overweight” rating and set a $167.00 target price on shares of CoreWeave in a research note on Thursday. Roth Mkm restated a “buy” rating and set a $150.00 target price on shares of CoreWeave in a research note on Friday, May 8th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of CoreWeave in a research note on Monday, May 4th. Twenty investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, CoreWeave presently has a consensus rating of “Moderate Buy” and an average target price of $131.52.

Check Out Our Latest Analysis on CRWV

CoreWeave Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for CoreWeave (NASDAQ:CRWV)

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