Delta Global Management LP Makes New $5.31 Million Investment in CoreWeave Inc. $CRWV

Delta Global Management LP bought a new position in CoreWeave Inc. (NASDAQ:CRWV) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 74,168 shares of the company’s stock, valued at approximately $5,311,000.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in 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 during the last quarter. Proficio Capital Partners LLC raised its holdings in shares of 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 buying an additional 17,847,760 shares during the last quarter. Clear Street Group Inc. raised its holdings in shares of CoreWeave by 57.2% during the fourth quarter. Clear Street Group Inc. now owns 4,653,815 shares of the company’s stock valued at $333,260,000 after buying an additional 1,692,916 shares during the last quarter. Alyeska Investment Group L.P. raised its holdings in shares of CoreWeave by 300.0% during the fourth quarter. Alyeska Investment Group L.P. now owns 4,000,000 shares of the company’s stock valued at $286,440,000 after buying an additional 3,000,000 shares during the last quarter. Finally, Deutsche Bank AG raised its holdings in shares of CoreWeave by 22,624.0% during the fourth quarter. Deutsche Bank AG now owns 3,812,856 shares of the company’s stock valued at $273,039,000 after buying an additional 3,796,077 shares during the last quarter.

CoreWeave Price Performance

NASDAQ CRWV opened at $106.71 on Tuesday. CoreWeave Inc. has a 12 month low of $63.80 and a 12 month high of $187.00. 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 firm has a market capitalization of $47.76 billion, a PE ratio of -34.31 and a beta of 7.18. The company’s 50 day simple moving average is $108.34 and its 200 day simple moving average is $92.79.

CoreWeave (NASDAQ:CRWV) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($1.40) EPS for the quarter, missing analysts’ consensus estimates 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 previous year, the company earned ($0.60) EPS. CoreWeave’s revenue for the quarter was up 111.6% on a year-over-year basis. As a group, equities research analysts forecast that CoreWeave Inc. will post -4.57 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CRWV. Sanford C. Bernstein reaffirmed an “underperform” rating on shares of CoreWeave in a report on Thursday. Citigroup lifted their price target on CoreWeave from $155.00 to $158.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Truist Financial lifted their price target on CoreWeave from $85.00 to $131.00 and gave the company a “hold” rating in a report on Friday, May 8th. Wolfe Research began coverage on CoreWeave in a report on Thursday, April 16th. They set an “outperform” rating and a $150.00 price target on the stock. Finally, Mizuho lifted their price target on CoreWeave from $105.00 to $110.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Twenty research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, CoreWeave currently has an average rating of “Moderate Buy” and a consensus target price of $131.52.

Insider Activity at CoreWeave

In other CoreWeave news, insider Brian M. Venturo sold 1,125,000 shares of CoreWeave stock in a transaction that occurred on Monday, April 6th. The shares were sold at an average price of $80.86, for a total value of $90,967,500.00. Following the transaction, the insider owned 285,327 shares in the company, valued at approximately $23,071,541.22. The trade was a 79.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Magnetar Financial Llc sold 1,404,667 shares of CoreWeave stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $118.30, for a total transaction of $166,172,106.10. Following the completion of the transaction, the insider owned 282,570 shares in the company, valued at approximately $33,428,031. This trade represents a 83.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 27,654,403 shares of company stock worth $3,121,873,121 over the last quarter.

CoreWeave Company 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.