UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of CoreWeave Inc. (NASDAQ:CRWV – Free Report) by 64.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,415,103 shares of the company’s stock after buying an additional 555,999 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in CoreWeave were worth $140,859,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC grew its position in CoreWeave by 272.8% during the fourth quarter. Cornerstone Planning Group LLC now owns 343 shares of the company’s stock valued at $25,000 after acquiring an additional 251 shares during the period. Cullen Frost Bankers Inc. raised its holdings in shares of CoreWeave by 45.8% in the 4th quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock worth $28,000 after purchasing an additional 121 shares during the period. Greenline Wealth Management LLC acquired a new position in shares of CoreWeave in the 4th quarter valued at about $28,000. Essential Partners LLC acquired a new position in shares of CoreWeave in the 2nd quarter valued at about $30,000. Finally, Peterson Wealth Services grew its holdings in shares of CoreWeave by 153.1% during the 1st quarter. Peterson Wealth Services now owns 405 shares of the company’s stock worth $31,000 after purchasing an additional 245 shares during the period.
Insiders Place Their Bets
In other news, major shareholder Magnetar Financial Llc sold 307,131 shares of the company’s stock in a transaction on Friday, August 14th. The shares were sold at an average price of $108.75, for a total value of $33,400,496.25. Following the completion of the transaction, the insider directly owned 220,810 shares in the company, valued at approximately $24,013,087.50. This represents a 58.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael N. Intrator sold 278,560 shares of the firm’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $97.43, for a total transaction of $27,140,100.80. Following the sale, the chief executive officer directly owned 3,138,612 shares of the company’s stock, valued at approximately $305,794,967.16. The trade was a 8.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. Over the last three months, insiders have sold 7,146,467 shares of company stock worth $667,792,935. Corporate insiders own 24.20% of the company’s stock.
Analyst Upgrades and Downgrades
View Our Latest Stock Analysis on CRWV
CoreWeave Stock Performance
Shares of NASDAQ:CRWV opened at $81.85 on Wednesday. The business’s 50-day simple moving average is $86.15 and its 200 day simple moving average is $94.62. The company has a market cap of $37.56 billion, a P/E ratio of -22.42 and a beta of 7.45. The company has a debt-to-equity ratio of 5.53, a quick ratio of 0.46 and a current ratio of 0.46. CoreWeave Inc. has a one year low of $60.55 and a one year high of $153.20.
CoreWeave (NASDAQ:CRWV – Get Free Report) last released its quarterly earnings results on Tuesday, August 11th. The company reported ($1.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.52) by $0.38. CoreWeave had a negative return on equity of 47.95% and a negative net margin of 25.41%.The firm had revenue of $2.58 billion during the quarter. During the same quarter in the prior year, the company earned ($0.27) EPS. The firm’s revenue was up 112.5% compared to the same quarter last year. On average, sell-side analysts forecast 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.
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