Teamwork Financial Advisors LLC Acquires Shares of 11,085 CoreWeave Inc. $CRWV

Teamwork Financial Advisors LLC bought a new stake in CoreWeave Inc. (NASDAQ:CRWVFree Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 11,085 shares of the company’s stock, valued at approximately $1,103,000.

Several other hedge funds have also made changes to their positions in CRWV. Vanguard Group Inc. raised its stake in CoreWeave by 275.6% during the 4th quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company’s stock valued at $1,999,421,000 after acquiring an additional 20,487,478 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of CoreWeave by 6,022.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 112,768 shares of the company’s stock valued at $8,075,000 after purchasing an additional 110,926 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of CoreWeave by 8,455.6% in the fourth quarter. Legal & General Group Plc now owns 611,301 shares of the company’s stock valued at $43,775,000 after purchasing an additional 604,156 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of CoreWeave by 67.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 66,947 shares of the company’s stock valued at $4,794,000 after purchasing an additional 26,907 shares during the period. Finally, Broad Peak Investment Advisers Pte Ltd purchased a new stake in shares of CoreWeave during the fourth quarter worth approximately $15,539,000.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

  • Positive Sentiment: Rosenblatt Securities reaffirmed a Buy rating and maintained a $250 price target, reinforcing the bullish case for CoreWeave’s AI-cloud growth prospects. Rosenblatt Securities Reaffirms Buy Rating for CoreWeave
  • Positive Sentiment: IMC selected CoreWeave for its research investment, providing another indication that the company’s GPU-accelerated cloud infrastructure is attracting institutional and enterprise users. IMC Selects CoreWeave
  • Positive Sentiment: Recent bullish coverage highlights strong demand for scarce GPU capacity and argues that CoreWeave’s pullback has improved its valuation and potential risk-reward profile. CoreWeave at $92: The Compelling Bull Case
  • Neutral Sentiment: Traders are positioning for a sizable move around CoreWeave’s quarterly earnings release after the closing bell Tuesday, August 11. The report and management’s outlook for demand, capital spending and profitability could determine the next major move. Traders Expect a Move After CoreWeave Earnings
  • Neutral Sentiment: Commentary comparing CRWV with IREN and discussing CoreWeave as a neocloud investment may increase investor attention, but does not provide a new company-specific fundamental catalyst. CRWV Versus IREN Neocloud Comparison
  • Negative Sentiment: CEO Michael Intrator sold 307,692 shares worth roughly $28.2 million, while EVP Chen Goldberg sold 25,605 shares worth approximately $2.35 million. The transactions were made under pre-arranged Rule 10b5-1 plans; Goldberg’s sales were specifically to cover tax withholding, which reduces their signaling value but can still pressure sentiment. CoreWeave Insider Selling
  • Negative Sentiment: Investors remain concerned about CoreWeave’s substantial leverage, negative earnings and capital-intensive data-center expansion. Its previous quarterly loss exceeded expectations, despite revenue growth of 111.6% year over year, making the upcoming results especially important. Should You Buy CoreWeave Before or After Earnings?

Insider Activity at CoreWeave

In other news, EVP Chen Goldberg sold 19,208 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $92.29, for a total transaction of $1,772,706.32. Following the transaction, the executive vice president directly owned 71,266 shares of the company’s stock, valued at $6,577,139.14. This represents a 21.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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, insider Brannin Mcbee sold 10,536 shares of the stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $83.63, for a total transaction of $881,125.68. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 9,718,798 shares of company stock valued at $972,747,064 over the last 90 days. Company insiders own 24.20% of the company’s stock.

CoreWeave Stock Up 6.3%

CoreWeave stock opened at $90.67 on Friday. The stock’s 50 day moving average price is $91.81 and its 200 day moving average price is $94.86. CoreWeave Inc. has a 1-year low of $60.55 and a 1-year high of $153.20. The company has a market cap of $40.58 billion, a PE ratio of -29.15 and a beta of 7.44. The company has a debt-to-equity ratio of 3.68, a current ratio of 0.31 and a quick ratio of 0.31.

CoreWeave (NASDAQ:CRWVGet Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported ($1.40) earnings per share (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 business had revenue of $2.08 billion during the quarter. During the same period last year, the firm earned ($0.60) EPS. The business’s quarterly revenue was up 111.6% compared to the same quarter last year. On average, sell-side analysts predict that CoreWeave Inc. will post -5.7 EPS for the current fiscal year.

Analyst Ratings Changes

CRWV has been the topic of a number of analyst reports. Barclays lowered their price objective on shares of CoreWeave from $120.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 21st. Weiss Ratings upgraded shares of CoreWeave from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $150.00 target price on shares of CoreWeave in a research note on Friday. Wolfe Research reaffirmed an “outperform” rating on shares of CoreWeave in a report on Monday, July 6th. Finally, Cantor Fitzgerald initiated coverage on shares of CoreWeave in a research note on Wednesday, July 22nd. They set an “overweight” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $136.67.

Read Our Latest Stock Report on CRWV

CoreWeave 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.

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Institutional Ownership by Quarter for CoreWeave (NASDAQ:CRWV)

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