Gulf International Bank UK Ltd Buys New Position in CoreWeave Inc. $CRWV

Gulf International Bank UK Ltd acquired a new stake in CoreWeave Inc. (NASDAQ:CRWVFree Report) in the 4th quarter, Holdings Channel reports. The fund acquired 9,472 shares of the company’s stock, valued at approximately $678,000.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of 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 buying an additional 20,487,478 shares during the period. Proficio Capital Partners LLC grew its holdings in shares of CoreWeave by 446,194.0% during the third quarter. Proficio Capital Partners LLC now owns 17,851,760 shares of the company’s stock valued at $2,443,013,000 after buying an additional 17,847,760 shares during the last quarter. Invesco Ltd. increased its position in shares of CoreWeave by 55,329.7% in the 3rd quarter. Invesco Ltd. now owns 2,999,300 shares of the company’s stock valued at $410,454,000 after acquiring an additional 2,993,889 shares during the period. Clear Street Group Inc. purchased a new position in CoreWeave in the 3rd quarter worth $405,199,000. Finally, Geode Capital Management LLC raised its stake in CoreWeave by 8.1% in the 4th quarter. Geode Capital Management LLC now owns 2,823,302 shares of the company’s stock worth $201,581,000 after acquiring an additional 211,416 shares during the last quarter.

Key Headlines Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

Analysts Set New Price Targets

A number of research firms recently commented on CRWV. JPMorgan Chase & Co. lifted their target price on CoreWeave from $90.00 to $105.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Wells Fargo & Company increased their price target on shares of CoreWeave from $135.00 to $155.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Sanford C. Bernstein raised their price target on shares of CoreWeave from $56.00 to $67.00 and gave the stock an “underperform” rating in a research report on Tuesday, April 14th. Weiss Ratings restated a “sell (e+)” rating on shares of CoreWeave in a research note on Monday, May 4th. Finally, Bank of America upgraded shares of CoreWeave from a “neutral” rating to a “buy” rating and set a $100.00 price objective on the stock in a research note on Tuesday, March 24th. Nineteen research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $129.63.

Get Our Latest Stock Analysis on CRWV

CoreWeave Stock Up 2.5%

CRWV opened at $109.53 on Friday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 3.68. CoreWeave Inc. has a twelve month low of $63.80 and a twelve month high of $187.00. The company has a market cap of $49.02 billion, a PE ratio of -35.22 and a beta of 7.84. The company has a 50-day moving average price of $102.63 and a 200 day moving average price of $90.63.

CoreWeave (NASDAQ:CRWVGet Free Report) last announced its earnings results on Thursday, May 7th. The company reported ($1.40) EPS for the quarter, missing analysts’ consensus estimates of ($1.17) by ($0.23). The firm had revenue of $2.08 billion for the quarter. CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. CoreWeave’s revenue was up 111.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.60) earnings per share. Sell-side analysts expect that CoreWeave Inc. will post -4.57 earnings per share for the current fiscal year.

Insider Activity at CoreWeave

In other CoreWeave news, Director Jack D. Cogen sold 986,540 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $107.80, for a total value of $106,349,012.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Magnetar Financial Llc sold 1,404,667 shares of CoreWeave stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $118.30, for a total transaction of $166,172,106.10. Following the sale, the insider directly owned 282,570 shares in the company, valued at approximately $33,428,031. This trade represents a 83.25% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 27,265,642 shares of company stock valued at $3,043,956,040.

CoreWeave Company Profile

(Free Report)

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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Institutional Ownership by Quarter for CoreWeave (NASDAQ:CRWV)

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