CoreWeave Inc. $CRWV Shares Purchased by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd lifted its holdings in CoreWeave Inc. (NASDAQ:CRWVFree Report) by 88.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,441 shares of the company’s stock after purchasing an additional 11,017 shares during the period. Y Intercept Hong Kong Ltd’s holdings in CoreWeave were worth $3,208,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Family Legacy Financial Solutions LLC boosted its stake in shares of CoreWeave by 166.7% during the 3rd quarter. Family Legacy Financial Solutions LLC now owns 200 shares of the company’s stock worth $27,000 after acquiring an additional 125 shares in the last quarter. HighMark Wealth Management LLC acquired a new position in CoreWeave in the 3rd quarter worth approximately $27,000. OLD Second National Bank of Aurora acquired a new stake in shares of CoreWeave in the third quarter worth $27,000. Princeton Global Asset Management LLC purchased a new stake in CoreWeave in the 3rd quarter worth about $28,000. Finally, Chelsea Counsel Co. acquired a new stake in CoreWeave during the 2nd quarter worth about $33,000.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CRWV. Stifel Nicolaus set a $120.00 target price on CoreWeave in a report on Tuesday, November 11th. Melius Research set a $140.00 price objective on CoreWeave in a report on Tuesday, November 11th. Morgan Stanley lifted their price target on CoreWeave from $91.00 to $99.00 and gave the company an “equal weight” rating in a report on Tuesday, November 11th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $174.00 target price on shares of CoreWeave in a research note on Wednesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of CoreWeave from a “hold” rating to a “buy” rating and raised their price target for the company from $100.00 to $140.00 in a report on Tuesday. Eighteen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, CoreWeave presently has a consensus rating of “Moderate Buy” and an average price target of $127.27.

View Our Latest Research Report on CRWV

CoreWeave Trading Up 4.4%

Shares of NASDAQ:CRWV opened at $102.65 on Tuesday. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.49 and a current ratio of 0.49. The stock’s 50-day moving average is $80.98 and its 200-day moving average is $104.36. The company has a market cap of $39.66 billion and a P/E ratio of -70.79. CoreWeave Inc. has a 52-week low of $33.51 and a 52-week high of $187.00.

CoreWeave (NASDAQ:CRWVGet Free Report) last released its earnings results on Monday, November 10th. The company reported ($0.22) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.14. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same period last year, the business earned ($1.82) EPS. The business’s quarterly revenue was up 133.7% compared to the same quarter last year.

Insider Buying and Selling at CoreWeave

In related news, insider Brian M. Venturo sold 281,250 shares of CoreWeave stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $137.80, for a total transaction of $38,756,250.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Magnetar Financial Llc sold 804,514 shares of the business’s stock in a transaction dated Wednesday, October 29th. The shares were sold at an average price of $138.48, for a total value of $111,409,098.72. Following the transaction, the insider owned 302,294 shares in the company, valued at $41,861,673.12. This represents a 72.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 6,220,566 shares of company stock valued at $638,961,553.

Key CoreWeave News

Here are the key news stories impacting CoreWeave this week:

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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