Purkiss Capital Advisors LLC Invests $723,000 in CoreWeave Inc. $CRWV

Purkiss Capital Advisors LLC bought a new stake in CoreWeave Inc. (NASDAQ:CRWV) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 10,100 shares of the company’s stock, valued at approximately $723,000.

A number of other large investors also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC increased its stake in CoreWeave by 272.8% during the 4th quarter. Cornerstone Planning Group LLC now owns 343 shares of the company’s stock worth $25,000 after buying an additional 251 shares during the period. KERR FINANCIAL PLANNING Corp acquired a new position in shares of CoreWeave in the third quarter worth $27,000. Aspect Partners LLC acquired a new position in shares of CoreWeave in the third quarter worth $28,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of CoreWeave during the third quarter worth $30,000. Finally, Rothschild Investment LLC increased its position in shares of 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 during the period.

Insider Activity at CoreWeave

In related news, major shareholder Magnetar Financial Llc sold 159,168 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $129.91, for a total value of $20,677,514.88. Following the sale, the insider owned 674,490 shares in the company, valued at $87,622,995.90. This represents a 19.09% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Sachin Jain sold 7,335 shares of the company’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $131.13, for a total value of $961,838.55. Following the completion of the sale, the chief operating officer directly owned 104,068 shares in the company, valued at $13,646,436.84. This trade represents a 6.58% 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 sold a total of 24,140,849 shares of company stock worth $2,703,881,259 in the last ninety days.

Analyst Ratings Changes

A number of research firms have issued reports on CRWV. JPMorgan Chase & Co. increased their price target on CoreWeave from $90.00 to $105.00 and gave the company a “neutral” rating in a research report on Friday. Needham & Company LLC restated a “hold” rating on shares of CoreWeave in a research note on Friday, February 27th. Sanford C. Bernstein raised their target price on shares of CoreWeave from $56.00 to $67.00 and gave the company an “underperform” rating in a report on Tuesday, April 14th. Macquarie Infrastructure reiterated a “neutral” rating and issued a $115.00 price target on shares of CoreWeave in a research note on Tuesday, January 27th. Finally, Roth Mkm reiterated a “buy” rating and set a $150.00 price target on shares of CoreWeave in a report on Friday. Twenty analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $131.88.

CoreWeave Price Performance

CRWV stock opened at $114.70 on Tuesday. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 4.46. The company has a market capitalization of $50.81 billion, a P/E ratio of -36.88 and a beta of 7.84. The business has a 50 day simple moving average of $94.85 and a 200-day simple moving average of $92.18. CoreWeave Inc. has a twelve month low of $52.90 and a twelve month high of $187.00.

CoreWeave (NASDAQ:CRWV) last issued its quarterly earnings results on Thursday, February 26th. The company reported ($0.89) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.61) by ($0.28). The company had revenue of $1.57 billion during the quarter. CoreWeave had a negative net margin of 25.57% and a negative return on equity of 47.88%. The business’s revenue was up 110.4% on a year-over-year basis. As a group, equities analysts anticipate that CoreWeave Inc. will post -4.15 EPS for the current year.

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.