Northwestern Mutual Wealth Management Co. Boosts Position in CoreWeave Inc. $CRWV

Northwestern Mutual Wealth Management Co. boosted its holdings in CoreWeave Inc. (NASDAQ:CRWV) by 358.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 57,545 shares of the company’s stock after purchasing an additional 44,982 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in CoreWeave were worth $4,121,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CRWV. Cornerstone Planning Group LLC raised its holdings in CoreWeave by 272.8% in the fourth quarter. Cornerstone Planning Group LLC now owns 343 shares of the company’s stock valued at $25,000 after buying an additional 251 shares during the period. KERR FINANCIAL PLANNING Corp purchased a new position in CoreWeave in the third quarter valued at approximately $27,000. Aspect Partners LLC purchased a new position in CoreWeave in the third quarter valued at approximately $28,000. Cullen Frost Bankers Inc. raised its holdings in CoreWeave by 45.8% in the fourth quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock valued at $28,000 after buying an additional 121 shares during the period. Finally, Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of CoreWeave during the third quarter valued at approximately $30,000.

Insider Buying and Selling at CoreWeave

In other news, CEO Michael N. Intrator sold 200,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $122.38, for a total transaction of $24,476,000.00. Following the completion of the sale, the chief executive officer owned 3,876,815 shares of the company’s stock, valued at approximately $474,444,619.70. This trade represents a 4.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 112,111 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $130.56, for a total transaction of $14,637,212.16. Following the sale, the insider directly owned 241,920 shares of the company’s stock, valued at $31,585,075.20. The trade was a 31.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 27,675,226 shares of company stock valued at $3,103,111,089.

CoreWeave Stock Down 2.6%

CRWV stock opened at $108.03 on Friday. CoreWeave Inc. has a twelve month low of $63.80 and a twelve month high of $187.00. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 3.68. The company has a market capitalization of $48.35 billion, a P/E ratio of -34.74 and a beta of 7.14. The firm has a 50 day simple moving average of $105.34 and a 200-day simple moving average of $91.46.

CoreWeave (NASDAQ:CRWV) last released its quarterly earnings results on Thursday, May 7th. The company reported ($1.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.17) by ($0.23). CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.The company had revenue of $2.08 billion for the quarter. During the same period in the prior year, the firm earned ($0.60) earnings per share. The company’s quarterly revenue was up 111.6% on a year-over-year basis. On average, equities research analysts predict that CoreWeave Inc. will post -4.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CRWV has been the topic of a number of analyst reports. DA Davidson reiterated a “neutral” rating and set a $100.00 price objective (down from $175.00) on shares of CoreWeave in a research note on Monday, May 18th. Wells Fargo & Company lifted their price objective on shares of CoreWeave from $135.00 to $155.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Barclays lifted their price objective 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. Sanford C. Bernstein lifted their price objective on shares of CoreWeave from $56.00 to $67.00 and gave the company an “underperform” rating in a research note on Tuesday, April 14th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $135.00 price objective on shares of CoreWeave in a research note on Friday, May 8th. Twenty research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $131.52.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: BNP Paribas Exane initiated coverage on CoreWeave with an Outperform rating and a $192 price target, adding fresh Wall Street support and implying meaningful upside from current levels. BNP Paribas Initiates Coverage on CoreWeave. That Means CRWV Stock Could Soar 71% from Here.
• Positive Sentiment: CoreWeave expanded long-term AI infrastructure deals with Anthropic and Meta Platforms, including a Meta contract running to around 2032, which supports the company’s revenue visibility and growth narrative. CoreWeave’s Long-Term AI Deals Reframe Growth And Risk For Investors
• Positive Sentiment: CoreWeave’s first successful deployment and validation of NVIDIA’s Vera Rubin NVL72 system reinforces its position as an early leader in next-generation AI cloud infrastructure. Why CoreWeave (CRWV) Is Up 18.3% After First NVIDIA Vera Rubin NVL72 Cloud Deployment
• Positive Sentiment: CoreWeave is set to join the Russell 3000, which can increase institutional visibility and potential index-related demand for shares. CoreWeave’s Long-Term AI Deals Reframe Growth And Risk For Investors
• Neutral Sentiment: Insider sales by the COO and a major shareholder may weigh on sentiment, but the transactions were disclosed and some were made under pre-arranged trading plans, so they are not necessarily a bearish signal by themselves. CoreWeave (NASDAQ:CRWV) COO Sachin Jain Sells 3,798 Shares
• Negative Sentiment: CoreWeave’s recent earnings still showed a loss and a miss versus expectations, reminding investors that the company remains heavily dependent on fast growth to justify its valuation. CoreWeave earnings and stock data

About CoreWeave

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.