Daiichi Life Insurance Co. Ltd. bought a new stake in CoreWeave Inc. (NASDAQ:CRWV – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 9,422 shares of the company’s stock, valued at approximately $938,000.
Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in CoreWeave by 275.6% during the fourth 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 in the last quarter. Legal & General Group Plc raised its stake in shares of CoreWeave by 8,455.6% during the 4th quarter. Legal & General Group Plc now owns 611,301 shares of the company’s stock worth $43,775,000 after buying an additional 604,156 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of CoreWeave by 12.6% in the 1st quarter. Bank of New York Mellon Corp now owns 353,702 shares of the company’s stock valued at $27,401,000 after buying an additional 39,599 shares during the period. California State Teachers Retirement System boosted its stake in shares of CoreWeave by 25.5% in the first quarter. California State Teachers Retirement System now owns 320,011 shares of the company’s stock valued at $24,791,000 after buying an additional 64,960 shares in the last quarter. Finally, Ardmore Road Asset Management LP boosted its stake in shares of CoreWeave by 3,410.0% in the first quarter. Ardmore Road Asset Management LP now owns 351,000 shares of the company’s stock valued at $27,192,000 after buying an additional 341,000 shares in the last quarter.
Insiders Place Their Bets
In other news, insider Brannin Mcbee sold 3,610 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $91.88, for a total transaction of $331,686.80. Following the completion of the transaction, the insider directly owned 327,691 shares of the company’s stock, valued at $30,108,249.08. This trade represents a 1.09% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Michael N. Intrator sold 13,129 shares of CoreWeave stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $91.88, for a total value of $1,206,292.52. Following the transaction, the chief executive officer owned 1,687,129 shares of the company’s stock, valued at $155,013,412.52. This represents a 0.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 8,235,201 shares of company stock valued at $802,446,933. Corporate insiders own 24.20% of the company’s stock.
Analyst Ratings Changes
View Our Latest Report on CRWV
CoreWeave Price Performance
CoreWeave stock opened at $86.25 on Tuesday. The firm has a market capitalization of $39.58 billion, a PE ratio of -23.63 and a beta of 7.45. CoreWeave Inc. has a 52 week low of $60.55 and a 52 week high of $153.20. The firm’s 50-day simple moving average is $89.59 and its 200 day simple moving average is $94.76. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 5.53.
CoreWeave (NASDAQ:CRWV – Get Free Report) last posted its earnings results on Tuesday, August 11th. The company reported ($1.14) earnings per share for the quarter, beating the consensus estimate of ($1.52) by $0.38. The firm had revenue of $2.58 billion during the quarter. CoreWeave had a negative net margin of 25.41% and a negative return on equity of 47.95%. The business’s revenue was up 112.5% compared to the same quarter last year. During the same quarter last year, the business posted ($0.27) earnings per share. On average, equities research analysts predict that CoreWeave Inc. will post -5.17 EPS for the current fiscal year.
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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