SBI Securities Co. Ltd. Raises Stock Position in CoreWeave Inc. $CRWV

SBI Securities Co. Ltd. boosted its holdings in shares of CoreWeave Inc. (NASDAQ:CRWV) by 648.0% in the second quarter, HoldingsChannel reports. The firm owned 22,761 shares of the company’s stock after buying an additional 19,718 shares during the period. SBI Securities Co. Ltd.’s holdings in CoreWeave were worth $3,711,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Chelsea Counsel Co. purchased a new position in shares of CoreWeave during the 2nd quarter valued at about $33,000. Chilton Capital Management LLC acquired a new stake in CoreWeave during the second quarter worth about $39,000. Montag A & Associates Inc. purchased a new position in CoreWeave during the second quarter valued at approximately $49,000. SOA Wealth Advisors LLC. raised its position in CoreWeave by 275.0% during the second quarter. SOA Wealth Advisors LLC. now owns 375 shares of the company’s stock valued at $61,000 after acquiring an additional 275 shares in the last quarter. Finally, Atlantic Union Bankshares Corp acquired a new position in CoreWeave in the second quarter valued at approximately $61,000.

CoreWeave Price Performance

NASDAQ:CRWV opened at $88.39 on Wednesday. The firm has a market cap of $43.18 billion and a P/E ratio of -77.54. The stock has a 50 day moving average of $123.33 and a two-hundred day moving average of $118.83. CoreWeave Inc. has a 12 month low of $33.51 and a 12 month high of $187.00. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 2.79.

CoreWeave (NASDAQ:CRWV) last issued its quarterly earnings results on Monday, November 10th. The company reported ($0.22) EPS for the quarter, topping the consensus estimate of ($0.36) by $0.14. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the previous year, the firm posted ($1.82) earnings per share. The firm’s revenue for the quarter was up 133.7% compared to the same quarter last year. CoreWeave has set its FY 2025 guidance at EPS.

Insider Buying and Selling at CoreWeave

In other news, insider Brian M. Venturo sold 29,916 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $127.94, for a total value of $3,827,453.04. Following the completion of the sale, the insider directly owned 215,486 shares in the company, valued at $27,569,278.84. This represents a 12.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Chen Goldberg sold 19,180 shares of the firm’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $118.30, for a total transaction of $2,268,994.00. Following the completion of the transaction, the senior vice president directly owned 37,084 shares in the company, valued at approximately $4,387,037.20. This represents a 34.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 36,743,427 shares of company stock worth $4,592,624,537 over the last three months.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CRWV. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $110.00 price objective on shares of CoreWeave in a research note on Tuesday. Hsbc Global Res raised shares of CoreWeave to a “moderate sell” rating in a report on Thursday, July 17th. Barclays lifted their price objective on shares of CoreWeave from $100.00 to $140.00 and gave the company an “equal weight” rating in a report on Monday, July 21st. Arete Research upgraded shares of CoreWeave from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 21st. Finally, Bank of America cut their price target on CoreWeave from $168.00 to $140.00 and set a “neutral” rating for the company in a research note on Tuesday. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, CoreWeave currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.89.

CoreWeave Profile

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.