Kestra Private Wealth Services LLC boosted its stake in shares of CoreWeave Inc. (NASDAQ:CRWV – Free Report) by 30.1% in the 1st quarter, Holdings Channel.com reports. The firm owned 48,059 shares of the company’s stock after buying an additional 11,125 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in CoreWeave were worth $3,723,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also recently bought and sold shares of CRWV. Vanguard Group Inc. increased 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 worth $1,999,421,000 after purchasing an additional 20,487,478 shares during the period. Proficio Capital Partners LLC lifted its stake 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 buying an additional 17,847,760 shares during the period. Deutsche Bank AG grew its position in CoreWeave by 22,624.0% during the fourth quarter. Deutsche Bank AG now owns 3,812,856 shares of the company’s stock worth $273,039,000 after buying an additional 3,796,077 shares in the last quarter. Altimeter Capital Management LP acquired a new stake in CoreWeave during the fourth quarter worth about $230,099,000. Finally, Alyeska Investment Group L.P. increased its stake in CoreWeave by 300.0% during the fourth 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.
Wall Street Analysts Forecast Growth
CRWV has been the subject of several recent research reports. Roth Mkm reaffirmed a “buy” rating and issued a $150.00 price target on shares of CoreWeave in a report on Friday, May 8th. Barclays lifted their price objective on CoreWeave from $106.00 to $120.00 and gave the stock an “equal weight” rating in a report on Monday, May 11th. Evercore restated an “outperform” rating and set a $150.00 price objective on shares of CoreWeave in a research report on Wednesday, April 15th. Sanford C. Bernstein restated an “underperform” rating on shares of CoreWeave in a research note on Thursday, June 11th. Finally, JPMorgan Chase & Co. raised their target price on CoreWeave from $90.00 to $105.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $135.00.
Insider Buying and Selling at CoreWeave
In other CoreWeave news, insider Brannin Mcbee sold 500 shares of the stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $111.27, for a total transaction of $55,635.00. Following the completion of the transaction, the insider directly owned 52,500 shares in the company, valued at $5,841,675. This represents a 0.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brian M. Venturo sold 76,924 shares of CoreWeave stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $101.32, for a total value of $7,793,939.68. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 28,457,234 shares of company stock worth $3,225,112,891 over the last three months.
CoreWeave Stock Down 2.2%
Shares of CRWV opened at $96.58 on Friday. The stock has a market cap of $43.23 billion, a price-to-earnings ratio of -31.05 and a beta of 7.14. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 3.68. CoreWeave Inc. has a 12 month low of $63.80 and a 12 month high of $173.35. The company has a 50-day moving average price of $110.42 and a two-hundred day moving average price of $94.62.
CoreWeave (NASDAQ:CRWV – Get Free Report) last released its quarterly earnings data 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 during the quarter. During the same quarter in the prior year, the company posted ($0.60) EPS. The company’s revenue for the quarter was up 111.6% on a year-over-year basis. Equities analysts predict that CoreWeave Inc. will post -4.57 EPS for the current fiscal year.
Trending Headlines about CoreWeave
Here are the key news stories impacting CoreWeave this week:
- Positive Sentiment: Rosenblatt Securities initiated coverage with a Buy rating and a $250 price target, reinforcing the bullish view that CoreWeave could benefit from rising demand for AI infrastructure. Read More
- Positive Sentiment: BNP Paribas and other reports highlighted CoreWeave as a key beneficiary of the next AI chip cycle, while Cantor Fitzgerald reiterated an Overweight rating and a $167 target. Article Title
- Positive Sentiment: CoreWeave announced a partnership with Conapto to expand AI cloud capacity in Sweden, which supports the company’s growth narrative and international expansion. Article Title
- Neutral Sentiment: Several articles argue CoreWeave is one of the stocks that could double over the next two years, reflecting strong long-term enthusiasm but no new hard financial data. Article Title
- Negative Sentiment: CEO Michael Intrator sold shares under a pre-arranged trading plan, and insider Brannin McBee also sold stock. Even though the sales were planned, insider selling can still weigh on sentiment. SEC Filing
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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