26,495 Shares in CoreWeave Inc. $CRWV Acquired by Freestone Grove Partners LP

Freestone Grove Partners LP bought a new stake in shares of CoreWeave Inc. (NASDAQ:CRWV) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 26,495 shares of the company’s stock, valued at approximately $2,637,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of CRWV. Cornerstone Planning Group LLC boosted its stake in shares of CoreWeave by 272.8% in 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 last quarter. Cullen Frost Bankers Inc. increased its position in 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 acquiring an additional 121 shares during the last quarter. Greenline Wealth Management LLC bought a new position in CoreWeave in the fourth quarter valued at about $28,000. Essential Partners LLC bought a new position in CoreWeave in the second quarter valued at about $30,000. Finally, Peterson Wealth Services boosted its position in CoreWeave by 153.1% in the first quarter. Peterson Wealth Services now owns 405 shares of the company’s stock worth $31,000 after purchasing an additional 245 shares during the last quarter.

CoreWeave News Summary

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave is being integrated into Rescale’s AI cloud platform, extending its reach into engineering, simulation, research and development, and other enterprise workloads. The partnership could broaden customer adoption and improve utilization of CoreWeave’s GPU infrastructure. CoreWeave Enters Next Generation Engineering AI Workloads
• Positive Sentiment: Truist said NVIDIA’s reported 17% GPU price increase may not materially damage CoreWeave’s margins. Strong AI demand, customer pricing power, and contract structures could allow CoreWeave to pass through higher equipment costs, supporting the firm’s bullish outlook. NVIDIA’s GPU Price Hikes Look Bad for CoreWeave
• Neutral Sentiment: CoreWeave’s latest results showed revenue growth of 112.5% year over year to $2.58 billion, while adjusted losses were narrower than analysts expected. However, the company remains unprofitable, with analysts forecasting a full-year loss, and carries a debt-to-equity ratio of 5.53. Analyst opinions are mixed, although the consensus rating remains “Moderate Buy.”
• Negative Sentiment: CEO Michael Intrator sold 307,692 shares worth approximately $27.3 million, while CFO Nitin Agrawal sold about $488,000. The transactions were made under pre-arranged Rule 10b5-1 plans, which limits their value as a signal of current management sentiment, but the combined sales add near-term supply and investor concern. CoreWeave Insider Selling
• Negative Sentiment: Investors continue to debate whether rising GPU costs, potential future price competition among “neocloud” providers, and CoreWeave’s substantial debt will limit profitability. Those risks are particularly important because the company is investing heavily to expand capacity despite negative earnings and weak liquidity ratios.

Insider Activity at CoreWeave

In other CoreWeave news, CEO Michael N. Intrator sold 278,560 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $97.43, for a total value of $27,140,100.80. Following the completion of the transaction, the chief executive officer directly owned 3,138,612 shares in the company, valued at $305,794,967.16. This represents a 8.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, major shareholder Magnetar Financial Llc sold 307,131 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $108.75, for a total transaction of $33,400,496.25. Following the completion of the sale, the insider directly owned 220,810 shares of the company’s stock, valued at approximately $24,013,087.50. This trade represents a 58.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 7,701,466 shares of company stock worth $735,324,843 in the last ninety days. Insiders own 24.20% of the company’s stock.

Wall Street Analyst Weigh In

CRWV has been the subject of a number of recent research reports. The Goldman Sachs Group boosted their price target on CoreWeave from $121.00 to $139.00 and gave the company a “neutral” rating in a research note on Friday, August 21st. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $150.00 price objective on shares of CoreWeave in a research note on Friday, August 7th. Cantor Fitzgerald set a $176.00 target price on shares of CoreWeave and gave the company an “overweight” rating in a research report on Wednesday, August 12th. Weiss Ratings upgraded shares of CoreWeave from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, June 24th. Finally, UBS Group reaffirmed an “underperform” rating on shares of CoreWeave in a report on Wednesday, August 12th. Twenty-one equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, CoreWeave presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.90.

CoreWeave Stock Down 3.0%

CRWV stock opened at $84.23 on Friday. CoreWeave Inc. has a twelve month low of $60.55 and a twelve month high of $153.20. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 5.53. The stock has a market cap of $38.65 billion, a P/E ratio of -23.08 and a beta of 7.44. The business’s 50-day moving average price is $87.16 and its 200-day moving average price is $94.80.

CoreWeave (NASDAQ:CRWV) last released its earnings results on Tuesday, August 11th. The company reported ($1.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.52) by $0.38. The company had revenue of $2.58 billion during the quarter. CoreWeave had a negative net margin of 25.41% and a negative return on equity of 47.95%. The company’s revenue was up 112.5% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.27) earnings per share. On average, equities research analysts forecast that CoreWeave Inc. will post -5.19 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.