OMERS ADMINISTRATION Corp purchased a new position in shares of CoreWeave Inc. (NASDAQ:CRWV – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 12,000 shares of the company’s stock, valued at approximately $1,194,000.
Other hedge funds have also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC raised its holdings in shares of CoreWeave by 272.8% during the 4th quarter. Cornerstone Planning Group LLC now owns 343 shares of the company’s stock valued at $25,000 after buying an additional 251 shares in the last quarter. Cullen Frost Bankers Inc. boosted its stake in CoreWeave by 45.8% in the fourth quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock worth $28,000 after buying an additional 121 shares in the last quarter. Greenline Wealth Management LLC purchased a new stake in CoreWeave in the fourth quarter worth approximately $28,000. Essential Partners LLC bought a new position in CoreWeave during the second quarter valued at approximately $30,000. Finally, Peterson Wealth Services grew its position in CoreWeave by 153.1% during the first quarter. Peterson Wealth Services now owns 405 shares of the company’s stock valued at $31,000 after acquiring an additional 245 shares during the last quarter.
Insider Activity
In other news, COO Sachin Jain sold 6,339 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $91.88, for a total transaction of $582,427.32. Following the transaction, the chief operating officer directly owned 157,091 shares of the company’s stock, valued at $14,433,521.08. This represents a 3.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 the company’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $91.88, for a total transaction of $1,206,292.52. Following the sale, the chief executive officer directly owned 1,687,129 shares of the company’s stock, valued at $155,013,412.52. The trade was a 0.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 7,657,318 shares of company stock worth $736,395,388. 24.20% of the stock is owned by corporate insiders.
More CoreWeave News
- Positive Sentiment: Expanded Rescale partnership: Rescale is expanding its cloud ecosystem to CoreWeave Cloud, allowing customers in aerospace, automotive, energy, life sciences and manufacturing to run AI and simulation workloads. The agreement could broaden CoreWeave’s customer base and improve utilization of its AI infrastructure. Rescale Expands Cloud Ecosystem with CoreWeave for Engineering and AI Workloads
- Positive Sentiment: AI infrastructure demand remains a bullish theme: Articles comparing CRWV with Applied Digital and identifying potential AI stock winners highlight continued demand for GPU computing and specialized cloud capacity. A proposed “neocloud” investment theme also provides broader industry validation, although these reports are largely analytical rather than new company-specific catalysts. CRWV vs. APLD: Which AI Data Center Stock Has More Upside Potential?
- Neutral Sentiment: Nvidia pricing debate: One analysis argues that higher Nvidia prices could benefit CoreWeave by signaling strong AI demand and potentially supporting higher cloud-computing rates. However, more expensive GPUs could also increase CoreWeave’s capital requirements and operating costs. CoreWeave: Why Nvidia’s Price Hikes Could Be Good News
- Neutral Sentiment: Competitive and industry risks: Rum Group’s stated intention to compete with CoreWeave and Nebius adds a potential new challenger, while commentary that falling AI prices are not necessarily bearish suggests the long-term demand outlook remains unsettled. Reports regarding Nvidia’s SpaceX investment raise broader questions about AI financing but do not directly change CoreWeave’s fundamentals.
- Negative Sentiment: Insider selling: A report attributed recent weakness in CoreWeave shares to insider selling, which can undermine investor confidence even when the company’s growth outlook remains strong. CoreWeave Stock Price Down on Insider Selling
- Negative Sentiment: Debt and financing risk: CoreWeave’s rapidly expanding data-center capacity comes with roughly $35 billion of debt, reinforcing concerns about leverage, interest costs, liquidity and the need for continued capital spending. Short-interest data showing zero shares appears unreliable and is not a meaningful bullish or bearish signal. CoreWeave’s AI Data Center Capacity Is Exploding
Analyst Upgrades and Downgrades
CRWV has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price objective on shares of CoreWeave from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. Weiss Ratings upgraded shares of CoreWeave from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, June 24th. Mizuho lifted their target price on shares of CoreWeave from $100.00 to $115.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 12th. Piper Sandler restated an “overweight” rating and set a $153.00 price target (up from $151.00) on shares of CoreWeave in a research report on Wednesday, August 12th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price objective on shares of CoreWeave in a report on Wednesday, August 12th. Twenty-one research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, CoreWeave currently has an average rating of “Moderate Buy” and a consensus price target of $141.90.
CoreWeave Trading Down 0.0%
CRWV opened at $88.01 on Thursday. 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 Inc. has a 52 week low of $60.55 and a 52 week high of $153.20. The stock has a market cap of $40.39 billion, a PE ratio of -24.11 and a beta of 7.44. The business has a 50 day moving average of $88.46 and a 200-day moving average of $94.89.
CoreWeave (NASDAQ:CRWV – Get Free Report) last posted its quarterly earnings data on Tuesday, August 11th. The company reported ($1.14) EPS for the quarter, topping the consensus estimate of ($1.52) by $0.38. CoreWeave had a negative net margin of 25.41% and a negative return on equity of 47.95%. The business had revenue of $2.58 billion for the quarter. During the same period in the previous year, the firm earned ($0.27) EPS. The company’s revenue was up 112.5% on a year-over-year basis. Equities research analysts predict that CoreWeave Inc. will post -5.19 earnings per share for the current fiscal year.
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.
Featured Articles
- Five stocks we like better than CoreWeave
- Williams-Sonoma’s Quarter Gave Bulls More Than Just a Beat-and-Raise
- Alcoa’s Gallium Project Opens a New Door Beyond Aluminum
- Oura’s $16 Billion IPO Could Put a New Price on Wearable Tech
- Can Tesla’s Flying Roadster Distract From Its Real Risks?
Want to see what other hedge funds are holding CRWV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CoreWeave Inc. (NASDAQ:CRWV – Free Report).
Receive News & Ratings for CoreWeave Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoreWeave and related companies with MarketBeat.com's FREE daily email newsletter.
