Jupiter Topco LLC Takes Position in CoreWeave Inc. $CRWV

Jupiter Topco LLC acquired a new position in CoreWeave Inc. (NASDAQ:CRWV) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 171,165 shares of the company’s stock, valued at approximately $17,035,000.

Other institutional investors also recently bought and sold shares of the company. Proficio Capital Partners LLC lifted its position in CoreWeave by 446,194.0% during the third quarter. Proficio Capital Partners LLC now owns 17,851,760 shares of the company’s stock valued at $2,443,013,000 after purchasing an additional 17,847,760 shares in the last quarter. Deutsche Bank AG increased its position in CoreWeave by 22,624.0% in the fourth quarter. Deutsche Bank AG now owns 3,812,856 shares of the company’s stock worth $273,039,000 after buying an additional 3,796,077 shares in the last quarter. Altimeter Capital Management LP purchased a new stake in CoreWeave in the fourth quarter worth about $230,099,000. Alyeska Investment Group L.P. raised its stake in shares of CoreWeave by 300.0% in the fourth quarter. Alyeska Investment Group L.P. now owns 4,000,000 shares of the company’s stock worth $286,440,000 after buying an additional 3,000,000 shares during the period. Finally, Invesco Ltd. lifted its position in shares of CoreWeave by 55,329.7% during the 3rd quarter. Invesco Ltd. now owns 2,999,300 shares of the company’s stock valued at $410,454,000 after buying an additional 2,993,889 shares in the last quarter.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave is being integrated into Rescale’s AI cloud platform, extending its reach into engineering, simulation, research and development, and other enterprise workloads. The partnership could broaden customer adoption and improve utilization of CoreWeave’s GPU infrastructure. CoreWeave Enters Next Generation Engineering AI Workloads
• Positive Sentiment: Truist said NVIDIA’s reported 17% GPU price increase may not materially damage CoreWeave’s margins. Strong AI demand, customer pricing power, and contract structures could allow CoreWeave to pass through higher equipment costs, supporting the firm’s bullish outlook. NVIDIA’s GPU Price Hikes Look Bad for CoreWeave
• Neutral Sentiment: CoreWeave’s latest results showed revenue growth of 112.5% year over year to $2.58 billion, while adjusted losses were narrower than analysts expected. However, the company remains unprofitable, with analysts forecasting a full-year loss, and carries a debt-to-equity ratio of 5.53. Analyst opinions are mixed, although the consensus rating remains “Moderate Buy.”
• Negative Sentiment: CEO Michael Intrator sold 307,692 shares worth approximately $27.3 million, while CFO Nitin Agrawal sold about $488,000. The transactions were made under pre-arranged Rule 10b5-1 plans, which limits their value as a signal of current management sentiment, but the combined sales add near-term supply and investor concern. CoreWeave Insider Selling
• Negative Sentiment: Investors continue to debate whether rising GPU costs, potential future price competition among “neocloud” providers, and CoreWeave’s substantial debt will limit profitability. Those risks are particularly important because the company is investing heavily to expand capacity despite negative earnings and weak liquidity ratios.

Insider Buying and Selling at CoreWeave

In other news, CEO Michael N. Intrator sold 200,000 shares of CoreWeave stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $88.60, for a total transaction of $17,720,000.00. Following the sale, the chief executive officer owned 1,487,129 shares in the company, valued at $131,759,629.40. This trade represents a 11.85% decrease in their ownership of the stock. The transaction was disclosed in a filing 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 Kristen J. Mcveety sold 2,100 shares of the business’s stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $88.03, for a total transaction of $184,863.00. Following the completion of the transaction, the insider directly owned 123,313 shares in the company, valued at $10,855,243.39. This trade represents a 1.67% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 7,701,466 shares of company stock worth $735,324,843. Insiders own 24.20% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on CRWV shares. DA Davidson reiterated a “neutral” rating and set a $100.00 price objective (down from $175.00) on shares of CoreWeave in a research note on Monday, May 18th. Wells Fargo & Company raised their target price on shares of CoreWeave from $155.00 to $160.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 12th. JPMorgan Chase & Co. upped their price target on shares of CoreWeave from $105.00 to $110.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. Raymond James Financial cut shares of CoreWeave from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Finally, Needham & Company LLC restated a “hold” rating on shares of CoreWeave in a research report on Thursday, August 13th. Twenty-one investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, CoreWeave presently has a consensus rating of “Moderate Buy” and an average target price of $141.90.

CoreWeave Stock Performance

NASDAQ:CRWV opened at $84.23 on Friday. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 5.53. CoreWeave Inc. has a 12-month low of $60.55 and a 12-month high of $153.20. The stock has a 50-day moving average price of $87.16 and a 200 day moving average price of $94.80. The stock has a market capitalization of $38.65 billion, a P/E ratio of -23.08 and a beta of 7.44.

CoreWeave (NASDAQ:CRWV) last issued its earnings results on Tuesday, August 11th. The company reported ($1.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.52) by $0.38. CoreWeave had a negative return on equity of 47.95% and a negative net margin of 25.41%.The company had revenue of $2.58 billion for the quarter. During the same period last year, the business posted ($0.27) EPS. The firm’s revenue for the quarter was up 112.5% compared to the same quarter last year. Equities research analysts forecast that CoreWeave Inc. will post -5.19 EPS for the current fiscal 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.