Intech Investment Management LLC Invests $3.68 Million in CoreWeave Inc. $CRWV
by Michael Walen · The Markets DailyIntech Investment Management LLC acquired a new position in CoreWeave Inc. (NASDAQ:CRWV – Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 51,388 shares of the company’s stock, valued at approximately $3,680,000.
Other institutional investors have also made changes to their positions in the company. KERR FINANCIAL PLANNING Corp bought a new stake in shares of CoreWeave in the third quarter worth $27,000. Aspect Partners LLC bought a new stake in shares of CoreWeave in the third quarter worth $28,000. Rothschild Investment LLC raised its position in CoreWeave by 10,700.0% during the third quarter. Rothschild Investment LLC now owns 216 shares of the company’s stock worth $30,000 after acquiring an additional 214 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in CoreWeave in the third quarter valued at $30,000. Finally, UMB Bank n.a. acquired a new stake in CoreWeave in the third quarter valued at $34,000.
Insider Buying and Selling
In related news, Director Jack D. Cogen sold 986,540 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $107.80, for a total transaction of $106,349,012.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Magnetar Financial Llc sold 1,404,667 shares of the firm’s stock in a transaction dated 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 transaction, the insider directly owned 282,570 shares in the company, valued at approximately $33,428,031. This represents a 83.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 27,261,722 shares of company stock valued at $3,043,669,096.
Analyst Ratings Changes
A number of analysts have commented on CRWV shares. Barclays increased their price target on shares of CoreWeave from $106.00 to $120.00 and gave the company an “equal weight” rating in a research note on Monday, May 11th. Needham & Company LLC reiterated a “hold” rating on shares of CoreWeave in a research note on Friday, February 27th. Mizuho increased their price target on shares of CoreWeave from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Evercore reiterated an “outperform” rating and issued a $150.00 price target on shares of CoreWeave in a research note on Wednesday, April 15th. Finally, HC Wainwright reiterated a “buy” rating and issued a $180.00 price target on shares of CoreWeave in a research note on Monday, March 2nd. Nineteen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, CoreWeave presently has an average rating of “Moderate Buy” and a consensus price target of $129.63.
Check Out Our Latest Analysis on CRWV
CoreWeave News Summary
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 Price Performance
Shares of CRWV opened at $124.82 on Tuesday. The firm has a market capitalization of $55.87 billion, a PE ratio of -40.13 and a beta of 7.84. The company’s 50-day moving average is $103.51 and its 200-day moving average is $90.78. CoreWeave Inc. has a fifty-two week low of $63.80 and a fifty-two week 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.
CoreWeave (NASDAQ:CRWV – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($1.40) earnings per share for the quarter, missing the consensus estimate of ($1.17) by ($0.23). The company had revenue of $2.08 billion during the quarter. CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. CoreWeave’s revenue for the quarter was up 111.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.60) earnings per share. Equities analysts forecast that CoreWeave Inc. will post -4.84 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.
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