Littlejohn Financial Services Inc. Sells 5,237 Shares of CoreWeave Inc. $CRWV

Littlejohn Financial Services Inc. decreased its stake in shares of CoreWeave Inc. (NASDAQ:CRWV) by 35.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,675 shares of the company’s stock after selling 5,237 shares during the quarter. Littlejohn Financial Services Inc.’s holdings in CoreWeave were worth $750,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Hazlett Burt & Watson Inc. increased its holdings in CoreWeave by 34.7% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 462 shares of the company’s stock worth $33,000 after buying an additional 119 shares during the last quarter. Cullen Frost Bankers Inc. raised its position in CoreWeave by 45.8% during the fourth quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock worth $28,000 after acquiring an additional 121 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in CoreWeave by 26.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 600 shares of the company’s stock valued at $43,000 after acquiring an additional 125 shares during the last quarter. Main Management ETF Advisors LLC lifted its stake in CoreWeave by 1.0% in the fourth quarter. Main Management ETF Advisors LLC now owns 17,226 shares of the company’s stock valued at $1,234,000 after acquiring an additional 176 shares during the last quarter. Finally, Banco Santander S.A. grew its position in shares of CoreWeave by 7.9% in 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.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Rosenblatt Securities initiated coverage with a Buy rating and a $250 price target, reinforcing the bullish view that CoreWeave could benefit from rising demand for AI infrastructure. Read More
• Positive Sentiment: BNP Paribas and other reports highlighted CoreWeave as a key beneficiary of the next AI chip cycle, while Cantor Fitzgerald reiterated an Overweight rating and a $167 target. Article Title
• Positive Sentiment: CoreWeave announced a partnership with Conapto to expand AI cloud capacity in Sweden, which supports the company’s growth narrative and international expansion. Article Title
• Neutral Sentiment: Several articles argue CoreWeave is one of the stocks that could double over the next two years, reflecting strong long-term enthusiasm but no new hard financial data. Article Title
• Negative Sentiment: CEO Michael Intrator sold shares under a pre-arranged trading plan, and insider Brannin McBee also sold stock. Even though the sales were planned, insider selling can still weigh on sentiment. SEC Filing

Insider Transactions at CoreWeave

In other news, insider Brian M. Venturo sold 76,924 shares of the stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $101.32, for a total transaction of $7,793,939.68. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brannin Mcbee sold 500 shares of the business’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $111.27, for a total value of $55,635.00. Following the completion of the sale, the insider owned 52,500 shares of the company’s stock, valued at $5,841,675. This trade represents a 0.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 28,313,484 shares of company stock worth $3,215,162,516 over the last quarter.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on CRWV shares. BNP Paribas Exane started coverage on shares of CoreWeave in a research note on Tuesday, June 2nd. They set an “outperform” rating and a $192.00 price objective on the stock. HC Wainwright reiterated a “buy” rating and set a $180.00 price target on shares of CoreWeave in a report on Monday, March 2nd. Truist Financial boosted their price target on CoreWeave from $85.00 to $131.00 and gave the stock a “hold” rating in a research report on Friday, May 8th. Sanford C. Bernstein reissued an “underperform” rating on shares of CoreWeave in a research report on Thursday, June 11th. Finally, Citigroup upped their price objective on CoreWeave from $155.00 to $158.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $135.00.

CoreWeave Price Performance

Shares of CRWV opened at $96.58 on Monday. The firm has a market capitalization of $43.23 billion, a PE ratio of -31.05 and a beta of 7.18. The company’s 50-day moving average is $110.42 and its 200-day moving average is $94.67. CoreWeave Inc. has a fifty-two week low of $63.80 and a fifty-two week high of $173.35. The company has a debt-to-equity ratio of 3.68, a current ratio of 0.31 and a quick ratio of 0.31.

CoreWeave (NASDAQ:CRWV) last announced its 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 return on equity of 43.07% and a negative net margin of 25.57%.The company had revenue of $2.08 billion for the quarter. During the same period last year, the firm earned ($0.60) earnings per share. The business’s revenue for the quarter was up 111.6% compared to the same quarter last year. Equities analysts forecast 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.