CoreWeave Inc. $CRWV Shares Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al lifted its position in shares of CoreWeave Inc. (NASDAQ:CRWV) by 66.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 145,356 shares of the company’s stock after purchasing an additional 58,265 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in CoreWeave were worth $12,663,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Parcion Private Wealth LLC acquired a new stake in shares of CoreWeave in the 3rd quarter valued at about $374,000. Soltis Investment Advisors LLC grew its stake in CoreWeave by 76.5% during the 3rd quarter. Soltis Investment Advisors LLC now owns 3,662 shares of the company’s stock worth $319,000 after buying an additional 1,587 shares during the last quarter. Choreo LLC increased its position in CoreWeave by 22.2% during the third quarter. Choreo LLC now owns 5,521 shares of the company’s stock worth $481,000 after buying an additional 1,004 shares during the period. Interchange Capital Partners LLC increased its position in CoreWeave by 51.1% during the third quarter. Interchange Capital Partners LLC now owns 6,861 shares of the company’s stock worth $598,000 after buying an additional 2,320 shares during the period. Finally, China Universal Asset Management Co. Ltd. increased its position in CoreWeave by 14.7% during the third quarter. China Universal Asset Management Co. Ltd. now owns 15,463 shares of the company’s stock worth $1,329,000 after buying an additional 1,986 shares during the period.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. HSBC reiterated a “reduce” rating and issued a $39.00 price objective on shares of CoreWeave in a research note on Tuesday, October 20th. Jefferies Financial Group restated a “buy” rating on shares of CoreWeave in a research report on Thursday, October 15th. Barclays lifted their target price on shares of CoreWeave from $90.00 to $105.00 and gave the company an “equal weight” rating in a report on Thursday, August 13th. Sanford C. Bernstein downgraded shares of CoreWeave from a “hold” rating to a “strong sell” rating in a research report on Monday, October 26th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $250.00 price target on shares of CoreWeave in a research note on Thursday, October 1st. Twenty-seven analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $130.24.

Insider Activity

In related news, major shareholder Magnetar Financial Llc sold 307,131 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $108.75, for a total value of $33,400,496.25. Following the completion of the sale, the insider owned 220,810 shares in the company, valued at $24,013,087.50. This trade represents a 58.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael N. Intrator sold 200,000 shares of CoreWeave stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $91.80, for a total value of $18,360,000.00. Following the completion of the sale, the chief executive officer directly owned 2,076,815 shares in the company, valued at $190,651,617. This represents a 8.78% 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. Insiders have sold 4,795,101 shares of company stock valued at $433,497,518 over the last three months. 24.20% of the stock is currently owned by corporate insiders.

Key CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave is adding AI-cloud capacity in Denmark and building a dedicated backbone connecting Europe with customers in the Middle East and Asia-Pacific. Management says the expanded platform will serve enterprise AI clients across four continents, supporting the company’s long-term growth strategy. CoreWeave Adds Denmark Capacity to Its Global AI Cloud Platform
• Positive Sentiment: A bullish investment analysis highlights CoreWeave’s potentially rapid growth as demand for AI computing expands, though the opportunity is framed as most suitable for aggressive investors because of the company’s risk profile. CoreWeave’s Meteoric Growth Potential
• Neutral Sentiment: Analysts continue to rate CoreWeave around “Moderate Buy,” while comparisons with Microsoft emphasize CRWV’s greater upside potential but also substantially higher risk, debt and concentration. CoreWeave Rated Moderate Buy
• Negative Sentiment: AI-cloud stocks sold off as investors questioned whether major technology companies will continue spending aggressively on outside computing capacity. Microsoft’s lower-than-expected capital expenditures intensified concerns about AI infrastructure demand, data-center delivery timelines and future revenue growth for neocloud providers. Why Neocloud Stocks Are Falling After Microsoft’s Capex Miss
• Negative Sentiment: Comments attributed to Microsoft CEO Satya Nadella criticizing business models dependent on renting AI capacity to a small number of large customers raised concerns about CoreWeave’s customer concentration and business durability. Satya Nadella Just Took a Shot at Oracle and CoreWeave
• Negative Sentiment: Reports that CoreWeave’s debt prices have weakened sharply are fueling fears about refinancing and potential default risk. The company’s leveraged balance sheet makes higher interest costs, slower customer demand or delayed data-center deployments particularly damaging. Elon Musk vs. Jensen Huang: Who Is Right About CoreWeave?
• Negative Sentiment: A shareholder litigation firm said it is investigating potential claims involving CoreWeave’s officers and directors, adding a legal and reputational risk overhang. Investor Action Notice Regarding CoreWeave

CoreWeave Stock Down 9.7%

CoreWeave stock opened at $54.87 on Friday. The stock has a 50 day moving average of $79.45 and a two-hundred day moving average of $91.02. CoreWeave Inc. has a twelve month low of $51.24 and a twelve month high of $138.36. The stock has a market capitalization of $25.18 billion, a price-to-earnings ratio of -15.03 and a beta of 7.36. 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 (NASDAQ:CRWV) last released its earnings results on Tuesday, August 11th. The company reported ($1.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.52) by $0.38. The business had revenue of $2.58 billion for the quarter. CoreWeave had a negative return on equity of 47.95% and a negative net margin of 25.41%. The company’s revenue for the quarter was up 112.5% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.27) EPS. As a group, research analysts expect that CoreWeave Inc. will post -4.97 earnings per share for the current year.

About CoreWeave

CoreWeave, Inc is a specialized cloud computing company that provides infrastructure designed for artificial intelligence (AI), machine learning, and other high-performance computing workloads. Its platform gives customers access to accelerated computing resources, including graphics processing units (GPUs), along with the networking, storage, and software tools needed to develop, train, and deploy demanding applications.

The company offers cloud services for AI model training and inference, visual effects and rendering, scientific computing, and other data-intensive workloads.