Jupiter Topco LLC Invests $17.04 Million in CoreWeave Inc. $CRWV

Jupiter Topco LLC purchased a new position in CoreWeave Inc. (NASDAQ:CRWVFree Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 171,165 shares of the company’s stock, valued at approximately $17,035,000.

Other institutional investors also recently bought and sold shares of the company. Proficio Capital Partners LLC lifted its stake in shares of CoreWeave by 446,194.0% in the third quarter. Proficio Capital Partners LLC now owns 17,851,760 shares of the company’s stock worth $2,443,013,000 after buying an additional 17,847,760 shares in the last quarter. Bank of America Corp DE increased its position in shares of CoreWeave by 13.1% during the first quarter. Bank of America Corp DE now owns 5,652,129 shares of the company’s stock valued at $437,870,000 after acquiring an additional 653,398 shares in the last quarter. Clear Street Group Inc. raised its holdings in CoreWeave by 57.2% in the 4th quarter. Clear Street Group Inc. now owns 4,653,815 shares of the company’s stock worth $333,260,000 after acquiring an additional 1,692,916 shares during the last quarter. Alyeska Investment Group L.P. lifted its position in CoreWeave by 300.0% in the 4th quarter. Alyeska Investment Group L.P. now owns 4,000,000 shares of the company’s stock valued at $286,440,000 after acquiring an additional 3,000,000 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in CoreWeave by 22,624.0% in the 4th quarter. Deutsche Bank AG now owns 3,812,856 shares of the company’s stock valued at $273,039,000 after acquiring an additional 3,796,077 shares in the last quarter.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

  • Positive Sentiment: CoreWeave is being integrated into Rescale’s AI cloud platform, extending its reach into engineering, simulation, research and development, and other enterprise workloads. The partnership could broaden customer adoption and improve utilization of CoreWeave’s GPU infrastructure. CoreWeave Enters Next Generation Engineering AI Workloads
  • Positive Sentiment: Truist said NVIDIA’s reported 17% GPU price increase may not materially damage CoreWeave’s margins. Strong AI demand, customer pricing power, and contract structures could allow CoreWeave to pass through higher equipment costs, supporting the firm’s bullish outlook. NVIDIA’s GPU Price Hikes Look Bad for CoreWeave
  • Neutral Sentiment: CoreWeave’s latest results showed revenue growth of 112.5% year over year to $2.58 billion, while adjusted losses were narrower than analysts expected. However, the company remains unprofitable, with analysts forecasting a full-year loss, and carries a debt-to-equity ratio of 5.53. Analyst opinions are mixed, although the consensus rating remains “Moderate Buy.”
  • Negative Sentiment: CEO Michael Intrator sold 307,692 shares worth approximately $27.3 million, while CFO Nitin Agrawal sold about $488,000. The transactions were made under pre-arranged Rule 10b5-1 plans, which limits their value as a signal of current management sentiment, but the combined sales add near-term supply and investor concern. CoreWeave Insider Selling
  • Negative Sentiment: Investors continue to debate whether rising GPU costs, potential future price competition among “neocloud” providers, and CoreWeave’s substantial debt will limit profitability. Those risks are particularly important because the company is investing heavily to expand capacity despite negative earnings and weak liquidity ratios.

CoreWeave Trading Down 3.0%

NASDAQ:CRWV opened at $84.23 on Friday. The company has a market cap of $38.65 billion, a PE ratio of -23.08 and a beta of 7.44. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 5.53. The company has a 50 day simple moving average of $87.16 and a two-hundred day simple moving average of $94.80. CoreWeave Inc. has a 12 month low of $60.55 and a 12 month high of $153.20.

CoreWeave (NASDAQ:CRWVGet Free Report) last released its quarterly earnings results on Tuesday, August 11th. The company reported ($1.14) earnings per share for the quarter, beating the consensus estimate of ($1.52) by $0.38. The firm had revenue of $2.58 billion for the quarter. CoreWeave had a negative return on equity of 47.95% and a negative net margin of 25.41%.CoreWeave’s quarterly revenue was up 112.5% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.27) earnings per share. Research analysts forecast that CoreWeave Inc. will post -5.19 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have commented on CRWV. Raymond James Financial downgraded CoreWeave from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Jefferies Financial Group downgraded CoreWeave from a “buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Roth Capital set a $145.00 price objective on CoreWeave in a research report on Thursday, August 13th. DA Davidson reiterated a “neutral” rating and issued a $100.00 price objective (down from $175.00) on shares of CoreWeave in a report on Monday, May 18th. Finally, Weiss Ratings raised CoreWeave from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, June 24th. Twenty-one equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, CoreWeave has an average rating of “Moderate Buy” and a consensus price target of $141.90.

View Our Latest Analysis on CoreWeave

Insider Activity at CoreWeave

In other CoreWeave news, insider Brian M. Venturo sold 5,899 shares of the stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $91.88, for a total value of $542,000.12. Following the transaction, the insider owned 241,371 shares of the company’s stock, valued at approximately $22,177,167.48. This represents a 2.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Brannin Mcbee sold 500 shares of the firm’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $85.51, for a total value of $42,755.00. Following the completion of the transaction, the insider directly owned 48,000 shares in the company, valued at $4,104,480. The trade was a 1.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 7,701,466 shares of company stock valued at $735,324,843 in the last 90 days. 24.20% of the stock is owned by company insiders.

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.

Recommended Stories

Institutional Ownership by Quarter for CoreWeave (NASDAQ:CRWV)

Receive News & Ratings for CoreWeave Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoreWeave and related companies with MarketBeat.com's FREE daily email newsletter.