CoreWeave Inc. $CRWV Stock Holdings Lifted by Deutsche Bank AG

Deutsche Bank AG lifted its position in CoreWeave Inc. (NASDAQ:CRWVFree Report) by 22,624.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 3,812,856 shares of the company’s stock after buying an additional 3,796,077 shares during the quarter. Deutsche Bank AG’s holdings in CoreWeave were worth $273,039,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of CoreWeave by 275.6% in the fourth 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 in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of CoreWeave by 6,022.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 112,768 shares of the company’s stock worth $8,075,000 after buying an additional 110,926 shares during the period. Legal & General Group Plc boosted its position in shares of CoreWeave by 8,455.6% in the fourth quarter. Legal & General Group Plc now owns 611,301 shares of the company’s stock worth $43,775,000 after buying an additional 604,156 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of CoreWeave by 67.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 66,947 shares of the company’s stock worth $4,794,000 after buying an additional 26,907 shares during the period. Finally, Hidden Lake Asset Management LP acquired a new stake in shares of CoreWeave in the third quarter worth $14,814,000.

CoreWeave Trading Down 2.9%

CoreWeave stock opened at $95.61 on Thursday. The company’s fifty day simple moving average is $107.04 and its 200-day simple moving average is $92.18. The company has a quick ratio of 0.31, a current 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 market cap of $42.79 billion, a P/E ratio of -30.74 and a beta of 7.14.

CoreWeave (NASDAQ:CRWVGet Free Report) last posted 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). CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. The company had revenue of $2.08 billion for the quarter. During the same quarter in the prior year, the company posted ($0.60) EPS. The firm’s quarterly revenue was up 111.6% compared to the same quarter last year. As a group, sell-side analysts forecast that CoreWeave Inc. will post -4.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CRWV has been the topic of several recent analyst reports. Barclays upped their price target on CoreWeave from $106.00 to $120.00 and gave the company an “equal weight” rating in a research report on Monday, May 11th. Weiss Ratings reissued a “sell (e+)” rating on shares of CoreWeave in a research report on Monday, May 4th. Evercore reissued an “outperform” rating and set a $150.00 price target on shares of CoreWeave in a research report on Wednesday, April 15th. Sanford C. Bernstein upped their price target on CoreWeave from $56.00 to $67.00 and gave the company an “underperform” rating in a research report on Tuesday, April 14th. Finally, Jefferies Financial Group boosted their price objective on shares of CoreWeave from $120.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Twenty equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $131.52.

Check Out Our Latest Report on CRWV

Insiders Place Their Bets

In related news, major shareholder Magnetar Financial Llc sold 112,111 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $130.56, for a total transaction of $14,637,212.16. Following the transaction, the insider owned 241,920 shares of the company’s stock, valued at approximately $31,585,075.20. This trade represents a 31.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael N. Intrator sold 200,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $122.38, for a total transaction of $24,476,000.00. Following the completion of the sale, the chief executive officer directly owned 3,876,815 shares of the company’s stock, valued at $474,444,619.70. This represents a 4.91% decrease in their ownership of the stock. 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. Insiders have sold a total of 27,411,017 shares of company stock worth $3,095,305,030 in the last quarter.

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CoreWeave 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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