Penserra Capital Management LLC Purchases Shares of 18,356 CoreWeave Inc. $CRWV

Penserra Capital Management LLC acquired a new position in shares of CoreWeave Inc. (NASDAQ:CRWV) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 18,356 shares of the company’s stock, valued at approximately $2,992,000.

Several other large investors also recently made changes to their positions in the business. Cisco Systems Inc. acquired a new position in shares of CoreWeave during the 2nd quarter valued at $173,493,000. Sivia Capital Partners LLC purchased a new position in CoreWeave in the second quarter valued at about $39,824,000. Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of CoreWeave during the second quarter worth about $34,284,000. CWM LLC boosted its position in shares of CoreWeave by 283.0% in the second quarter. CWM LLC now owns 166,663 shares of the company’s stock worth $27,176,000 after buying an additional 123,147 shares during the period. Finally, Carnegie Investment Counsel purchased a new stake in shares of CoreWeave in the second quarter worth about $15,073,000.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CRWV. Morgan Stanley raised their target price on CoreWeave from $58.00 to $91.00 and gave the company an “equal weight” rating in a report on Thursday, July 31st. Hsbc Global Res raised shares of CoreWeave to a “moderate sell” rating in a research report on Thursday, July 17th. Arete Research raised shares of CoreWeave from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 21st. Seaport Res Ptn upgraded shares of CoreWeave to a “hold” rating in a research note on Monday, September 15th. Finally, Moffett Nathanson lifted their price target on shares of CoreWeave from $56.00 to $65.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 19th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $129.71.

CoreWeave Stock Performance

Shares of CRWV opened at $104.01 on Monday. The firm has a market cap of $50.82 billion and a price-to-earnings ratio of -91.24. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 2.79. The business’s 50 day moving average is $123.37 and its two-hundred day moving average is $118.05. CoreWeave Inc. has a 52-week low of $33.51 and a 52-week high of $187.00.

CoreWeave (NASDAQ:CRWV) last issued its quarterly earnings results on Tuesday, August 12th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.07). The company had revenue of $1.21 million for the quarter. The firm’s quarterly revenue was up 206.7% on a year-over-year basis. CoreWeave has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

Insider Activity at CoreWeave

In related news, insider Brian M. Venturo sold 29,916 shares of CoreWeave stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $127.94, for a total value of $3,827,453.04. Following the completion of the transaction, the insider directly owned 215,486 shares in the company, valued at approximately $27,569,278.84. This trade represents a 12.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Magnetar Financial Llc sold 7,688 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $134.94, for a total value of $1,037,418.72. Following the completion of the sale, the insider directly owned 299,512 shares of the company’s stock, valued at approximately $40,416,149.28. This represents a 2.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 36,743,427 shares of company stock worth $4,592,624,537 over the last quarter.

About CoreWeave

CoreWeave, Inc engages in the powers of the creation and delivery of the intelligence that drives innovation. It offers a solution used by organizations of all sizes that require sophisticated AI computing, from the largest of enterprises to small, well-funded start-ups. The company was founded by Michael Intrator, Brian Venturo, and Brannin McBee on September 21, 2017 and is headquartered in Livingston, NJ.