National Pension Service Acquires New Stake in CoreWeave Inc. $CRWV

National Pension Service acquired a new stake in shares of CoreWeave Inc. (NASDAQ:CRWV) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 27,927 shares of the company’s stock, valued at approximately $2,000,000.

A number of other large investors also recently bought and sold shares of the business. Cullen Frost Bankers Inc. boosted its holdings in CoreWeave by 45.8% during the 4th quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock valued at $28,000 after acquiring an additional 121 shares during the period. Banco Santander S.A. boosted its holdings in CoreWeave by 7.9% during the 3rd quarter. Banco Santander S.A. now owns 2,455 shares of the company’s stock valued at $336,000 after acquiring an additional 180 shares during the period. XTX Topco Ltd boosted its holdings in CoreWeave by 1.4% during the 3rd quarter. XTX Topco Ltd now owns 12,850 shares of the company’s stock valued at $1,759,000 after acquiring an additional 180 shares during the period. Pursue Wealth Partners LLC boosted its holdings in CoreWeave by 4.7% during the 4th quarter. Pursue Wealth Partners LLC now owns 4,061 shares of the company’s stock valued at $291,000 after acquiring an additional 182 shares during the period. Finally, KERR FINANCIAL PLANNING Corp purchased a new position in CoreWeave during the 3rd quarter valued at $27,000.

Key Headlines Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave said it successfully completed bring-up and validation of NVIDIA Vera Rubin NVL72, becoming the first AI cloud provider to deploy the new platform. That supports the company’s AI infrastructure leadership and could attract more customer demand. CoreWeave Completes Industry-First Bring-Up and Validation of NVIDIA Vera Rubin NVL72
• Positive Sentiment: Coverage tied CoreWeave to NVIDIA’s Vera Rubin rollout, with traders viewing the company as a beneficiary of the next wave of AI infrastructure spending. The 3 Stocks Riding NVIDIA’s Massive Vera Rubin Rollout
• Positive Sentiment: Call-option activity jumped well above normal, suggesting rising bullish speculation in the stock and reinforcing the upward momentum.
• Neutral Sentiment: Articles noted that CoreWeave has been heavily discussed by investors after the stock’s sharp recent run, but this is more commentary than a direct fundamental update.
• Negative Sentiment: Several insider sales, including by the CFO and COO, may create some caution, though the transactions appear relatively small compared with the company’s recent market move.

Insider Transactions at CoreWeave

In other news, insider Brian M. Venturo sold 1,125,000 shares of the business’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $80.86, for a total value of $90,967,500.00. Following the completion of the transaction, the insider directly owned 285,327 shares of the company’s stock, valued at approximately $23,071,541.22. The trade was a 79.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Magnetar Financial Llc sold 1,404,667 shares of the business’s stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $118.30, for a total value of $166,172,106.10. Following the completion of the transaction, the insider directly owned 282,570 shares of the company’s stock, valued at approximately $33,428,031. The trade was a 83.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 27,261,722 shares of company stock valued at $3,043,669,096.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Wells Fargo & Company boosted their price objective on CoreWeave from $135.00 to $155.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Jefferies Financial Group boosted their price objective on CoreWeave from $120.00 to $160.00 and gave the company a “buy” rating in a report on Monday, May 4th. Bank of America upgraded CoreWeave from a “neutral” rating to a “buy” rating and set a $100.00 price objective for the company in a report on Tuesday, March 24th. DA Davidson reaffirmed a “neutral” rating and set a $100.00 target price (down from $175.00) on shares of CoreWeave in a research report on Monday, May 18th. Finally, Citigroup lifted their target price on CoreWeave from $155.00 to $158.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Twenty investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $129.63.

CoreWeave Trading Up 14.0%

CRWV opened at $124.82 on Tuesday. The firm has a market cap of $55.87 billion, a price-to-earnings ratio of -40.13 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 12 month low of $63.80 and a 12 month high of $187.00. The stock has a fifty day moving average price of $103.51 and a 200-day moving average price of $90.78.

CoreWeave (NASDAQ:CRWV) last released its quarterly earnings results on Thursday, May 7th. The company reported ($1.40) EPS for the quarter, missing the consensus estimate of ($1.17) by ($0.23). The company had revenue of $2.08 billion during the quarter. CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.The company’s quarterly revenue was up 111.6% on a year-over-year basis. During the same period last year, the firm posted ($0.60) earnings per share. As a group, equities research analysts anticipate that CoreWeave Inc. will post -4.84 earnings per share for the current fiscal year.

CoreWeave Company 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.