96,488 Shares in CoreWeave Inc. $CRWV Bought by Clearline Capital LP

Clearline Capital LP bought a new position in shares of CoreWeave Inc. (NASDAQ:CRWVFree Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 96,488 shares of the company’s stock, valued at approximately $6,910,000.

Other institutional investors have also recently bought and sold shares of the company. Cornerstone Planning Group LLC boosted its stake in CoreWeave by 272.8% during the fourth quarter. Cornerstone Planning Group LLC now owns 343 shares of the company’s stock worth $25,000 after buying an additional 251 shares in the last quarter. KERR FINANCIAL PLANNING Corp acquired a new stake in CoreWeave during the third quarter worth $27,000. Cullen Frost Bankers Inc. boosted its stake in CoreWeave by 45.8% during the fourth quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock worth $28,000 after buying an additional 121 shares in the last quarter. Greenline Wealth Management LLC acquired a new stake in CoreWeave during the fourth quarter worth $28,000. Finally, Rothschild Investment LLC boosted its stake in CoreWeave by 10,700.0% during the third quarter. Rothschild Investment LLC now owns 216 shares of the company’s stock worth $30,000 after buying an additional 214 shares in the last quarter.

Analyst Upgrades and Downgrades

CRWV has been the topic of a number of recent research reports. BNP Paribas Exane initiated coverage on shares of CoreWeave in a research note on Tuesday, June 2nd. They set an “outperform” rating and a $192.00 price target on the stock. Jefferies Financial Group lifted their price target on shares of CoreWeave from $120.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $135.00 target price on shares of CoreWeave in a research note on Friday, May 8th. Evercore restated an “outperform” rating and issued a $150.00 target price on shares of CoreWeave in a research note on Wednesday, April 15th. Finally, Bank of America upgraded shares of CoreWeave from a “neutral” rating to a “buy” rating and set a $100.00 target price on the stock in a research note on Tuesday, March 24th. Twenty equities research 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. According to MarketBeat, CoreWeave has a consensus rating of “Moderate Buy” and an average price target of $131.52.

Get Our Latest Report on CoreWeave

Insider Activity

In other CoreWeave news, CEO Michael N. Intrator sold 200,000 shares of the business’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $98.88, for a total transaction of $19,776,000.00. Following the completion of the sale, the chief executive officer directly owned 3,676,815 shares of the company’s stock, valued at approximately $363,563,467.20. The trade was a 5.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brannin Mcbee sold 52,500 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $107.30, for a total value of $5,633,250.00. 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. In the last three months, insiders sold 27,628,694 shares of company stock worth $3,125,766,052.

CoreWeave Stock Down 1.6%

Shares of NASDAQ CRWV opened at $115.21 on Thursday. The firm’s 50-day simple moving average is $109.72 and its 200 day simple moving average is $93.38. The company has a market cap of $51.56 billion, a price-to-earnings ratio of -37.04 and a beta of 7.14. 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 12-month low of $63.80 and a 12-month high of $187.00.

CoreWeave (NASDAQ:CRWVGet Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($1.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.17) by ($0.23). The company had revenue of $2.08 billion for the quarter. CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.The firm’s quarterly revenue was up 111.6% compared to the same quarter last year. During the same quarter last year, the business posted ($0.60) EPS. On average, research analysts expect that CoreWeave Inc. will post -4.57 earnings per share for the current fiscal year.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

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.

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Institutional Ownership by Quarter for CoreWeave (NASDAQ:CRWV)

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