EULAV Asset Management Grows Stake in CoreWeave Inc. $CRWV

EULAV Asset Management lifted its stake in shares of CoreWeave Inc. (NASDAQ:CRWVFree Report) by 37.0% in the fourth quarter, Holdings Channel reports. The firm owned 185,000 shares of the company’s stock after buying an additional 50,000 shares during the period. EULAV Asset Management’s holdings in CoreWeave were worth $13,248,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of CRWV. Sivia Capital Partners LLC purchased a new stake in shares of CoreWeave during the second quarter worth about $39,824,000. Quantbot Technologies LP purchased a new stake in shares of CoreWeave during the second quarter worth about $311,000. Invesco Ltd. purchased a new stake in shares of CoreWeave during the second quarter worth about $882,000. First Trust Advisors LP purchased a new stake in shares of CoreWeave during the second quarter worth about $20,260,000. Finally, Baird Financial Group Inc. purchased a new stake in CoreWeave during the 2nd quarter valued at about $455,000.

CoreWeave Stock Performance

NASDAQ:CRWV opened at $100.39 on Friday. The company has a debt-to-equity ratio of 3.68, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a market capitalization of $44.93 billion, a price-to-earnings ratio of -32.28 and a beta of 7.14. The company’s 50-day moving average is $105.60 and its two-hundred day moving average is $91.52. CoreWeave Inc. has a 1-year low of $63.80 and a 1-year high of $187.00.

CoreWeave (NASDAQ:CRWVGet Free Report) last posted its earnings results on Thursday, May 7th. The company reported ($1.40) earnings per share for the quarter, missing the consensus estimate of ($1.17) by ($0.23). The firm had revenue of $2.08 billion during 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% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.60) EPS. Analysts forecast that CoreWeave Inc. will post -4.57 EPS for the current year.

Analyst Ratings Changes

CRWV has been the subject of several research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $135.00 price objective on shares of CoreWeave in a research note on Friday, May 8th. Evercore reaffirmed an “outperform” rating and set a $150.00 price objective on shares of CoreWeave in a research note on Wednesday, April 15th. Jefferies Financial Group upped their price objective on shares of CoreWeave from $120.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Needham & Company LLC reaffirmed a “hold” rating on shares of CoreWeave in a research note on Friday, February 27th. Finally, JPMorgan Chase & Co. upped their price objective on shares of CoreWeave from $90.00 to $105.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Twenty investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $131.52.

Check Out Our Latest Report on CoreWeave

CoreWeave News Summary

Here are the key news stories impacting CoreWeave this week:

Insider Buying and Selling at CoreWeave

In other CoreWeave news, Director Jack D. Cogen sold 986,540 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $107.80, for a total value of $106,349,012.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Brian M. Venturo sold 1,125,000 shares of the business’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $80.86, for a total transaction of $90,967,500.00. Following the completion of the transaction, the insider owned 285,327 shares in the company, valued at $23,071,541.22. The trade was a 79.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 27,806,624 shares of company stock worth $3,117,894,678 in the last ninety days.

CoreWeave 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.

See Also

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Institutional Ownership by Quarter for CoreWeave (NASDAQ:CRWV)

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