5,200 Shares in CoreWeave Inc. $CRWV Purchased by Cardinal Point Capital Management ULC

Cardinal Point Capital Management ULC purchased a new stake in shares of CoreWeave Inc. (NASDAQ:CRWV) in the first quarter, HoldingsChannel.com reports. The institutional investor purchased 5,200 shares of the company’s stock, valued at approximately $403,000.

Other hedge funds have also bought and sold shares of the company. Cornerstone Planning Group LLC grew its holdings in CoreWeave by 272.8% in the fourth quarter. Cornerstone Planning Group LLC now owns 343 shares of the company’s stock worth $25,000 after purchasing an additional 251 shares during the period. KERR FINANCIAL PLANNING Corp purchased a new position in shares of CoreWeave during the third quarter valued at approximately $27,000. Cullen Frost Bankers Inc. lifted its holdings in shares of CoreWeave by 45.8% during the fourth quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock valued at $28,000 after purchasing an additional 121 shares during the last quarter. Greenline Wealth Management LLC bought a new stake in shares of CoreWeave in the 4th quarter worth approximately $28,000. Finally, Highline Wealth Partners LLC bought a new stake in shares of CoreWeave in the 4th quarter worth approximately $32,000.

CoreWeave Trading Down 2.1%

Shares of NASDAQ CRWV opened at $98.76 on Friday. The firm’s 50 day moving average price is $110.86 and its 200-day moving average price is $94.60. CoreWeave Inc. has a 52-week low of $63.80 and a 52-week high of $173.35. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market cap of $44.20 billion, a PE ratio of -31.76 and a beta of 7.14.

CoreWeave (NASDAQ:CRWV) last announced its quarterly earnings results 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). CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. The firm had revenue of $2.08 billion for the quarter. During the same period in the prior year, the business earned ($0.60) earnings per share. The firm’s quarterly revenue was up 111.6% compared to the same quarter last year. On average, equities research analysts expect that CoreWeave Inc. will post -4.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CRWV. Rosenblatt Securities began coverage on CoreWeave in a research note on Thursday. They issued a “buy” rating and a $250.00 price target on the stock. Weiss Ratings upgraded CoreWeave from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday. Evercore reissued an “outperform” rating and issued a $150.00 target price on shares of CoreWeave in a report on Wednesday, April 15th. BNP Paribas Exane began coverage on CoreWeave in a research note on Tuesday, June 2nd. They issued an “outperform” rating and a $192.00 target price on the stock. Finally, Barclays raised their price target on CoreWeave from $106.00 to $120.00 and gave the company an “equal weight” rating in a report on Monday, May 11th. Twenty-one 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. According to MarketBeat.com, CoreWeave presently has a consensus rating of “Moderate Buy” and an average target price of $135.00.

More CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Rosenblatt Securities initiated coverage on CoreWeave with a Buy rating and a $250 price target, signaling substantial upside if the company continues executing on growth. Rosenblatt initiates CoreWeave at Buy with $250 target
• Positive Sentiment: CoreWeave announced a partnership with Conapto to expand AI cloud capacity in Stockholm, Sweden, with renewable-powered data center campuses already coming online. That supports the company’s international growth narrative and adds capacity for AI demand. CoreWeave partners with Conapto to expand AI cloud capacity in Sweden

Insider Buying and Selling at CoreWeave

In other news, insider Brannin Mcbee sold 500 shares of the company’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of $111.27, for a total transaction of $55,635.00. Following the transaction, the insider directly owned 52,500 shares of the company’s stock, valued at $5,841,675. This represents a 0.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brian M. Venturo sold 76,924 shares of the stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $118.48, for a total value of $9,113,955.52. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 28,380,310 shares of company stock worth $3,217,318,952.

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.