Atreides Management LP Increases Stock Holdings in CoreWeave Inc. $CRWV

Atreides Management LP increased its holdings in shares of CoreWeave Inc. (NASDAQ:CRWV) by 863.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 606,110 shares of the company’s stock after buying an additional 543,206 shares during the period. Atreides Management LP’s holdings in CoreWeave were worth $43,404,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CRWV. Vanguard Group Inc. lifted its position in shares of CoreWeave by 275.6% during the 4th quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company’s stock valued at $1,999,421,000 after buying an additional 20,487,478 shares in the last quarter. Proficio Capital Partners LLC lifted its position in shares of CoreWeave by 446,194.0% during the 3rd 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 in the last quarter. Deutsche Bank AG lifted its position in shares of CoreWeave by 22,624.0% during the 4th 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 in the last quarter. Altimeter Capital Management LP purchased a new position in shares of CoreWeave during the 4th quarter valued at approximately $230,099,000. Finally, Alyeska Investment Group L.P. lifted its position in shares of CoreWeave by 300.0% during the 4th 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 in the last quarter.

Insider Transactions at CoreWeave

In other news, insider Brian M. Venturo sold 1,125,000 shares of CoreWeave stock in a transaction on Monday, April 6th. The stock was sold at an average price of $80.86, for a total transaction of $90,967,500.00. Following the transaction, the insider owned 285,327 shares in the company, valued at $23,071,541.22. The trade was a 79.77% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 on Thursday, April 16th. The stock was sold at an average price of $118.30, for a total value of $166,172,106.10. Following the transaction, the insider owned 282,570 shares in the company, valued at approximately $33,428,031. This represents a 83.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 27,628,694 shares of company stock worth $3,125,766,052 in the last quarter.

CoreWeave Trading Down 1.6%

Shares of CRWV stock opened at $115.21 on Thursday. 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 quick ratio of 0.31 and a current ratio of 0.31. The stock’s fifty day moving average is $109.72 and its two-hundred day moving average is $93.38. The firm has a market capitalization of $51.56 billion, a P/E ratio of -37.04 and a beta of 7.14.

CoreWeave (NASDAQ:CRWV) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($1.40) EPS for the quarter, missing the consensus estimate 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 quarter in the previous year, the company posted ($0.60) EPS. The firm’s revenue for the quarter was up 111.6% on a year-over-year basis. Research analysts expect that CoreWeave Inc. will post -4.57 earnings per share for the current fiscal year.

More CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave’s inclusion in the Nasdaq-100 is expected to drive passive fund buying and has reinforced bullish momentum in the stock. CoreWeave (CRWV) to Join Nasdaq-100, Soars 9.67%
• Positive Sentiment: Analysts and commentary from Cantor Fitzgerald suggest CoreWeave could beat expectations on second-quarter backlog, supporting the view that demand for its AI infrastructure remains strong. CoreWeave Insider Sales Look Big, But Should Investors Worry?
• Positive Sentiment: CoreWeave also announced record MLPerf training results, including very fast DeepSeek-V3 training on its infrastructure, which may bolster its credibility as a leading AI cloud provider. CoreWeave Sets New AI Training Records in MLPerf® Training v6.0, Training DeepSeek-V3 in Approximately Two Minutes
• Neutral Sentiment: Some coverage argues the stock is already richly valued and points to heavy capex and operating expenses, which could limit upside if growth slows. CoreWeave: Pressured By Both Opex And Capex
• Negative Sentiment: Recent short-seller warnings and articles comparing today’s AI spending boom to past bubbles have raised caution across the AI infrastructure group, including CoreWeave. Legendary Short Seller Jim Chanos Issues Dire Prediction: “We Have the Same Setup” As the Dot-Com Crash. Here’s How the AI Bull Market Ends
• Negative Sentiment: Insider selling has also drawn attention, especially the large dollar value of founder and executive sales, even though they were made under prearranged 10b5-1 plans. CoreWeave Insider Sales Look Big, But Should Investors Worry?

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Roth Mkm reiterated a “buy” rating and set a $150.00 target price on shares of CoreWeave in a research report on Friday, May 8th. Bank of America upgraded CoreWeave from a “neutral” rating to a “buy” rating and set a $100.00 price objective on the stock in a report on Tuesday, March 24th. Mizuho raised their price objective on CoreWeave from $105.00 to $110.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Barclays raised their price objective on CoreWeave from $106.00 to $120.00 and gave the company an “equal weight” rating in a report on Monday, May 11th. Finally, Sanford C. Bernstein restated an “underperform” rating on shares of CoreWeave in a report on Thursday, June 11th. Twenty equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $131.52.

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.