30,009 Shares in CoreWeave Inc. $CRWV Acquired by Koss Olinger Consulting LLC

Koss Olinger Consulting LLC bought a new position in CoreWeave Inc. (NASDAQ:CRWVFree Report) in the fourth quarter, Holdings Channel reports. The firm bought 30,009 shares of the company’s stock, valued at approximately $2,149,000.

A number of other institutional investors also recently bought and sold shares of the stock. Sivia Capital Partners LLC purchased a new position in CoreWeave in the 2nd quarter worth $39,824,000. Quantbot Technologies LP acquired a new position in shares of CoreWeave in the 2nd quarter valued at $311,000. Invesco Ltd. acquired a new position in shares of CoreWeave in the 2nd quarter valued at $882,000. First Trust Advisors LP acquired a new position in shares of CoreWeave in the 2nd quarter valued at $20,260,000. Finally, Baird Financial Group Inc. acquired a new position in shares of CoreWeave in the 2nd quarter valued at $455,000.

Key Headlines Impacting CoreWeave

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 company’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 legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Magnetar Financial Llc sold 1,404,667 shares of the company’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $118.30, for a total transaction of $166,172,106.10. Following the completion of the transaction, the insider directly owned 282,570 shares in the company, valued at $33,428,031. The trade was a 83.25% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 27,265,642 shares of company stock valued at $3,043,956,040 over the last 90 days.

CoreWeave Trading Up 2.5%

Shares of CRWV stock opened at $109.53 on Friday. The company’s 50-day moving average price is $102.63 and its 200-day moving average price is $90.63. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 3.68. The stock has a market cap of $49.02 billion, a price-to-earnings ratio of -35.22 and a beta of 7.84. CoreWeave Inc. has a twelve month low of $63.80 and a twelve month high of $187.00.

CoreWeave (NASDAQ:CRWVGet Free Report) last announced its quarterly 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). CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. The firm had revenue of $2.08 billion for the quarter. During the same quarter last year, the firm posted ($0.60) earnings per share. The company’s revenue was up 111.6% on a year-over-year basis. As a group, equities analysts predict that CoreWeave Inc. will post -4.57 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CRWV shares. Bank of America raised shares of CoreWeave from a “neutral” rating to a “buy” rating and set a $100.00 price target for the company in a report on Tuesday, March 24th. Sanford C. Bernstein upped their target price on shares of CoreWeave from $56.00 to $67.00 and gave the stock an “underperform” rating in a report on Tuesday, April 14th. DA Davidson reaffirmed a “neutral” rating and set a $100.00 target price (down from $175.00) on shares of CoreWeave in a report on Monday, May 18th. Citigroup upped their target price on shares of CoreWeave from $155.00 to $158.00 and gave the stock a “buy” rating in a report on Thursday, May 14th. Finally, Wolfe Research started coverage on shares of CoreWeave in a report on Thursday, April 16th. They set an “outperform” rating and a $150.00 target price for the company. Nineteen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.63.

Get Our Latest Report on CRWV

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.

See Also

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Institutional Ownership by Quarter for CoreWeave (NASDAQ:CRWV)

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