California State Teachers Retirement System increased its stake in shares of CoreWeave Inc. (NASDAQ:CRWV – Free Report) by 12,886.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,559,344 shares of the company’s stock after acquiring an additional 41,239,333 shares during the quarter. California State Teachers Retirement System owned approximately 0.09% of CoreWeave worth $4,136,817,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of CRWV. Cullen Frost Bankers Inc. increased its stake in CoreWeave by 45.8% in the fourth quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock valued at $28,000 after purchasing an additional 121 shares in the last quarter. Greenline Wealth Management LLC bought a new position in shares of CoreWeave during the 4th quarter worth about $28,000. Essential Partners LLC bought a new position in shares of CoreWeave during the 2nd quarter worth about $30,000. Peterson Wealth Services grew its stake in shares of CoreWeave by 153.1% in the 1st quarter. Peterson Wealth Services now owns 405 shares of the company’s stock valued at $31,000 after buying an additional 245 shares during the period. Finally, Cassaday & Co Wealth Management LLC acquired a new stake in shares of CoreWeave in the 1st quarter valued at about $31,000.
Wall Street Analyst Weigh In
A number of analysts recently commented on CRWV shares. Raymond James Financial lowered CoreWeave from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. DA Davidson reiterated a “neutral” rating and issued a $100.00 price target (down from $175.00) on shares of CoreWeave in a report on Monday, May 18th. BTIG Research started coverage on CoreWeave in a research note on Wednesday, July 22nd. They issued a “buy” rating for the company. Truist Financial boosted their price objective on CoreWeave from $155.00 to $165.00 and gave the company a “buy” rating in a report on Monday, August 24th. Finally, Roth Capital set a $145.00 target price on CoreWeave in a research report on Thursday, August 13th. Twenty-one research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $141.90.
More CoreWeave News
Here are the key news stories impacting CoreWeave this week:
- Positive Sentiment: CoreWeave CEO Michael Intrator said the company is struggling to keep up with demand for NVIDIA chips, while also arguing that AI pricing is rising faster than input costs. The comments support the company’s growth outlook and suggest favorable deal economics. CoreWeave struggling to keep up with demand for Nvidia chips
- Positive Sentiment: Parallel Works and CoreWeave announced a managed AI-cloud environment to support DARPA biological research, adding a government-backed use case for CoreWeave’s infrastructure. Parallel Works and CoreWeave DARPA research partnership
- Positive Sentiment: OpenAI reportedly plans to spend approximately $750 billion on compute through 2030 and remains short of capacity. That supports long-term demand for specialized cloud providers, including CoreWeave, which has a reported $22.4 billion OpenAI contract. OpenAI compute spending plans
- Neutral Sentiment: Analysts maintained a consensus “Moderate Buy” view, while elevated call-option activity and recent bullish commentary may indicate continued speculative interest. CoreWeave consensus recommendation
- Negative Sentiment: Investors remain concerned that CoreWeave’s reported cash flow relies heavily on customer prepayments, while the company must fund an expensive, debt-financed infrastructure buildout. Heavy short interest reinforces skepticism about margins, liquidity, and execution. CoreWeave cash flow concerns
- Negative Sentiment: Intrator acknowledged growing public resistance to data centers and said the AI industry needs to communicate its benefits more effectively. Local opposition could delay projects, raise costs, or restrict future capacity expansion. CoreWeave CEO on public AI pushback
Insider Transactions at CoreWeave
In other news, major shareholder Magnetar Financial Llc sold 307,131 shares of the firm’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $108.75, for a total value of $33,400,496.25. Following the transaction, the insider owned 220,810 shares in the company, valued at $24,013,087.50. This trade represents a 58.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Michael Intrator sold 278,560 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $97.43, for a total value of $27,140,100.80. Following the completion of the transaction, the chief executive officer owned 3,138,612 shares in the company, valued at $305,794,967.16. This represents a 8.15% decrease in their position. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 6,911,652 shares of company stock valued at $636,351,368 in the last quarter. Company insiders own 24.20% of the company’s stock.
CoreWeave Stock Down 4.9%
Shares of NASDAQ CRWV opened at $94.94 on Thursday. The company has a debt-to-equity ratio of 5.53, a current ratio of 0.46 and a quick ratio of 0.46. The company has a 50-day moving average price of $85.39 and a 200-day moving average price of $94.39. The stock has a market capitalization of $43.57 billion, a P/E ratio of -26.01 and a beta of 7.45. CoreWeave Inc. has a 1 year low of $60.55 and a 1 year high of $153.20.
CoreWeave (NASDAQ:CRWV – Get Free Report) last posted its earnings results on Tuesday, August 11th. The company reported ($1.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.52) by $0.38. CoreWeave had a negative net margin of 25.41% and a negative return on equity of 47.95%. The company had revenue of $2.58 billion for the quarter. During the same quarter in the prior year, the company earned ($0.27) EPS. The company’s revenue was up 112.5% on a year-over-year basis. On average, equities research analysts forecast that CoreWeave Inc. will post -5.19 EPS for the current fiscal year.
About CoreWeave
CoreWeave, Inc is a specialized cloud computing provider focused on infrastructure for artificial intelligence, machine learning, high-performance computing and other data-intensive workloads. The company provides access to accelerated computing resources, particularly graphics processing units (GPUs), through a cloud platform designed for large-scale training, inference, rendering and scientific computing.
Its offerings include on-demand and reserved GPU instances, cloud storage, high-speed networking, Kubernetes-based container orchestration and managed services for deploying and scaling workloads.
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