Kingsview Wealth Management LLC Raises Stake in CoreWeave Inc. $CRWV

Kingsview Wealth Management LLC increased its position in CoreWeave Inc. (NASDAQ:CRWV) by 74.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 12,628 shares of the company’s stock after acquiring an additional 5,373 shares during the quarter. Kingsview Wealth Management LLC’s holdings in CoreWeave were worth $904,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Cornerstone Planning Group LLC boosted its position in shares of CoreWeave by 272.8% during the 4th quarter. Cornerstone Planning Group LLC now owns 343 shares of the company’s stock valued at $25,000 after acquiring an additional 251 shares during the last quarter. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of CoreWeave in the 3rd quarter valued at $27,000. Aspect Partners LLC purchased a new stake in CoreWeave during the third quarter valued at about $28,000. Cullen Frost Bankers Inc. grew its position in CoreWeave by 45.8% during the 4th quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock worth $28,000 after acquiring an additional 121 shares during the last quarter. Finally, Marshall & Sterling Wealth Advisors Inc. bought a new position in shares of CoreWeave in the third quarter worth approximately $30,000.

Insider Activity at CoreWeave

In other CoreWeave news, Director Jack D. Cogen sold 642,307 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $106.32, for a total transaction of $68,290,080.24. Following the sale, the director directly owned 9,040,829 shares in the company, valued at $961,220,939.28. This represents a 6.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Nitin Agrawal sold 5,508 shares of the stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $102.17, for a total value of $562,752.36. Following the sale, the chief financial officer owned 193,771 shares in the company, valued at $19,797,583.07. The trade was a 2.76% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 27,261,722 shares of company stock valued at $3,043,669,096 over the last quarter.

CoreWeave Trading Up 14.0%

CoreWeave stock opened at $124.82 on Tuesday. The company has a debt-to-equity ratio of 3.68, a current ratio of 0.31 and a quick ratio of 0.31. The stock has a market cap of $55.87 billion, a P/E ratio of -40.13 and a beta of 7.84. The firm’s 50 day moving average price is $103.51 and its 200-day moving average price is $90.78. CoreWeave Inc. has a 1 year low of $63.80 and a 1 year high of $187.00.

CoreWeave (NASDAQ:CRWV) last released its quarterly earnings data 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 for the quarter. CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. The firm’s revenue was up 111.6% on a year-over-year basis. During the same period in the previous year, the business earned ($0.60) earnings per share. On average, equities analysts predict that CoreWeave Inc. will post -4.84 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Barclays raised their target price on CoreWeave from $106.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Monday, May 11th. Evercore reaffirmed an “outperform” rating and issued a $150.00 target price on shares of CoreWeave in a research report on Wednesday, April 15th. Citizens Jmp reaffirmed a “market outperform” rating and set a $180.00 price objective on shares of CoreWeave in a research report on Friday, February 27th. HC Wainwright restated a “buy” rating and set a $180.00 price objective on shares of CoreWeave in a research note on Monday, March 2nd. Finally, Oppenheimer lifted their target price on CoreWeave from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Nineteen investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $129.63.

More CoreWeave News

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.

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.