TrueWealth Advisors LLC Acquires New Stake in CoreWeave Inc. $CRWV

TrueWealth Advisors LLC acquired a new stake in CoreWeave Inc. (NASDAQ:CRWV) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 5,657 shares of the company’s stock, valued at approximately $563,000.

A number of other large investors also recently bought and sold shares of the company. Cornerstone Planning Group LLC boosted its holdings in shares of 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 acquiring an additional 251 shares in the last quarter. Cullen Frost Bankers Inc. increased its stake in shares of CoreWeave by 45.8% during the fourth quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock worth $28,000 after acquiring an additional 121 shares during the period. Greenline Wealth Management LLC purchased a new position in CoreWeave during the fourth quarter worth about $28,000. Peterson Wealth Services raised its holdings in CoreWeave by 153.1% during the first quarter. Peterson Wealth Services now owns 405 shares of the company’s stock worth $31,000 after purchasing an additional 245 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC acquired a new stake in CoreWeave in the first quarter valued at about $31,000.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CRWV. Raymond James Financial lowered CoreWeave from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Evercore reissued an “outperform” rating and set a $150.00 target price on shares of CoreWeave in a research note on Wednesday, April 15th. Jefferies Financial Group cut CoreWeave from a “buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Wells Fargo & Company lifted their price target on CoreWeave from $135.00 to $155.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Finally, Truist Financial raised CoreWeave from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $131.00 to $126.00 in a report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $136.67.

CoreWeave Stock Up 6.3%

CRWV stock opened at $90.67 on Friday. 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’s 50-day moving average price is $91.81 and its 200 day moving average price is $94.86. CoreWeave Inc. has a 52 week low of $60.55 and a 52 week high of $153.20. The company has a market cap of $40.58 billion, a P/E ratio of -29.15 and a beta of 7.44.

CoreWeave (NASDAQ:CRWV) last issued its earnings results on Thursday, May 7th. The company reported ($1.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $2.08 billion during the quarter. During the same period in the previous year, the business posted ($0.60) earnings per share. The company’s quarterly revenue was up 111.6% compared to the same quarter last year. On average, research analysts expect that CoreWeave Inc. will post -5.7 earnings per share for the current fiscal year.

Insider Transactions at CoreWeave

In related news, CEO Michael N. Intrator sold 200,000 shares of CoreWeave stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $91.80, for a total transaction of $18,360,000.00. Following the completion of the transaction, the chief executive officer directly owned 2,076,815 shares of the company’s stock, valued at approximately $190,651,617. The trade was a 8.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brannin Mcbee sold 10,536 shares of the business’s stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $83.63, for a total value of $881,125.68. 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 9,718,798 shares of company stock worth $972,747,064 over the last quarter. Insiders own 24.20% of the company’s stock.

Trending Headlines about CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Rosenblatt Securities reaffirmed a Buy rating and maintained a $250 price target, reinforcing the bullish case for CoreWeave’s AI-cloud growth prospects. Rosenblatt Securities Reaffirms Buy Rating for CoreWeave
• Positive Sentiment: IMC selected CoreWeave for its research investment, providing another indication that the company’s GPU-accelerated cloud infrastructure is attracting institutional and enterprise users. IMC Selects CoreWeave
• Positive Sentiment: Recent bullish coverage highlights strong demand for scarce GPU capacity and argues that CoreWeave’s pullback has improved its valuation and potential risk-reward profile. CoreWeave at $92: The Compelling Bull Case
• Neutral Sentiment: Traders are positioning for a sizable move around CoreWeave’s quarterly earnings release after the closing bell Tuesday, August 11. The report and management’s outlook for demand, capital spending and profitability could determine the next major move. Traders Expect a Move After CoreWeave Earnings
• Neutral Sentiment: Commentary comparing CRWV with IREN and discussing CoreWeave as a neocloud investment may increase investor attention, but does not provide a new company-specific fundamental catalyst. CRWV Versus IREN Neocloud Comparison
• Negative Sentiment: CEO Michael Intrator sold 307,692 shares worth roughly $28.2 million, while EVP Chen Goldberg sold 25,605 shares worth approximately $2.35 million. The transactions were made under pre-arranged Rule 10b5-1 plans; Goldberg’s sales were specifically to cover tax withholding, which reduces their signaling value but can still pressure sentiment. CoreWeave Insider Selling
• Negative Sentiment: Investors remain concerned about CoreWeave’s substantial leverage, negative earnings and capital-intensive data-center expansion. Its previous quarterly loss exceeded expectations, despite revenue growth of 111.6% year over year, making the upcoming results especially important. Should You Buy CoreWeave Before or After Earnings?

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.