Zweig DiMenna Associates LLC Sells 101,500 Shares of CoreWeave Inc. $CRWV

Zweig DiMenna Associates LLC lowered its holdings in shares of CoreWeave Inc. (NASDAQ:CRWV) by 79.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 25,750 shares of the company’s stock after selling 101,500 shares during the period. Zweig DiMenna Associates LLC’s holdings in CoreWeave were worth $1,844,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. AE Wealth Management LLC bought a new stake in CoreWeave in the 3rd quarter worth $4,241,000. Vanguard Group Inc. grew its holdings in CoreWeave by 275.6% in the 4th quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company’s stock worth $1,999,421,000 after acquiring an additional 20,487,478 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in CoreWeave by 6,022.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 112,768 shares of the company’s stock worth $8,075,000 after acquiring an additional 110,926 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in CoreWeave by 67.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 66,947 shares of the company’s stock worth $4,794,000 after acquiring an additional 26,907 shares during the last quarter. Finally, Hidden Lake Asset Management LP bought a new stake in CoreWeave in the 3rd quarter worth $14,814,000.

Insider Activity

In other news, CFO Nitin Agrawal sold 5,508 shares of CoreWeave stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $102.17, for a total transaction of $562,752.36. Following the sale, the chief financial officer owned 193,771 shares of the company’s stock, valued at approximately $19,797,583.07. The trade was a 2.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jack D. Cogen sold 642,307 shares of CoreWeave stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $106.32, for a total transaction of $68,290,080.24. Following the sale, the director directly owned 9,040,829 shares in the company, valued at $961,220,939.28. The trade was a 6.63% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 27,265,642 shares of company stock worth $3,043,956,040.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Cantor Fitzgerald raised their price target on shares of CoreWeave from $156.00 to $167.00 and gave the stock an “overweight” rating in a report on Monday, May 11th. Mizuho raised their price target on shares of CoreWeave from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. HC Wainwright reissued a “buy” rating and issued a $180.00 price target on shares of CoreWeave in a report on Monday, March 2nd. JPMorgan Chase & Co. boosted their price objective on shares of CoreWeave from $90.00 to $105.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Finally, Barclays boosted their price objective on shares of CoreWeave from $106.00 to $120.00 and gave the company an “equal weight” rating in a research report on Monday, May 11th. Nineteen research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, CoreWeave currently has a consensus rating of “Moderate Buy” and an average target price of $129.63.

More CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave launched new unified agentic AI capabilities that aim to connect training and inference in a closed loop, reinforcing its role as a key AI infrastructure provider and supporting the long-term growth story. CoreWeave’s Closed Loop Agentic AI Aims To Reshape Growth Expectations
• Positive Sentiment: Reports highlighted CoreWeave’s backlog approaching $100 billion, suggesting strong demand visibility and multi-year revenue potential as AI cloud spending remains robust. CoreWeave’s Backlog Hits Nearly $100B: Multi-Year Growth Secured?
• Positive Sentiment: Analysts remain constructive overall, with recent target increases and a favorable long-term outlook tied to explosive AI infrastructure demand. Here’s What Analysts Think About CoreWeave, Inc. (CRWV)
• Neutral Sentiment: CoreWeave also announced participation in the BofA Securities Global Technology Conference, which keeps management in front of investors but is not a fundamental catalyst by itself. CoreWeave to Participate in the BofA Securities Global Technology Conference
• Negative Sentiment: Heavy insider selling may be pressuring sentiment, including large share sales by Director Jack D. Cogen and additional sales by CEO Michael Intrator, CFO Nitin Agrawal, COO Sachin Jain, and Director Karen Boone. SEC filing for insider sale
• Negative Sentiment: Investors are still focused on CoreWeave’s sizable losses and capital intensity, which could limit enthusiasm despite strong revenue growth and major customer commitments. CoreWeave Lost $740 Million in 90 Days. Then Meta Handed It $21 Billion.

CoreWeave Trading Up 2.5%

Shares of CRWV opened at $109.53 on Friday. The firm’s 50-day moving average price is $102.63 and its 200-day moving average price is $90.63. The firm has a market capitalization of $49.02 billion, a price-to-earnings ratio of -35.22 and a beta of 7.84. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 3.68. CoreWeave Inc. has a 1-year low of $63.80 and a 1-year high of $187.00.

CoreWeave (NASDAQ:CRWV) last announced its earnings results on Thursday, May 7th. The company reported ($1.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.17) by ($0.23). The company had revenue of $2.08 billion for the quarter. CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. The company’s quarterly revenue was up 111.6% on a year-over-year basis. During the same quarter last year, the firm earned ($0.60) earnings per share. Sell-side analysts anticipate that CoreWeave Inc. will post -4.57 EPS for the current year.

CoreWeave Profile

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.