Wellington Management Group LLP Increases Stake in CoreWeave Inc. $CRWV

Wellington Management Group LLP raised its stake in CoreWeave Inc. (NASDAQ:CRWV) by 67.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 17,183 shares of the company’s stock after purchasing an additional 6,902 shares during the quarter. Wellington Management Group LLP’s holdings in CoreWeave were worth $1,710,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Sivia Capital Partners LLC purchased a new position in shares of CoreWeave in the second quarter worth $39,824,000. Quantbot Technologies LP purchased a new stake in CoreWeave during the 2nd quarter valued at $311,000. Invesco Ltd. bought a new stake in CoreWeave in the 2nd quarter worth $882,000. First Trust Advisors LP bought a new stake in CoreWeave in the 2nd quarter worth $20,260,000. Finally, Baird Financial Group Inc. purchased a new position in shares of CoreWeave in the second quarter valued at about $455,000.

CoreWeave Trading Down 0.1%

NASDAQ:CRWV opened at $88.99 on Friday. The company has a 50-day moving average price of $85.69 and a 200-day moving average price of $94.35. The stock has a market cap of $40.83 billion, a price-to-earnings ratio of -24.38 and a beta of 7.45. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 5.53. CoreWeave Inc. has a 12 month low of $60.55 and a 12 month high of $153.20.

CoreWeave (NASDAQ:CRWV) last announced its quarterly earnings results on Tuesday, August 11th. The company reported ($1.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.52) by $0.38. CoreWeave had a negative net margin of 25.41% and a negative return on equity of 47.95%. The company had revenue of $2.58 billion for the quarter. During the same quarter in the prior year, the firm earned ($0.27) EPS. CoreWeave’s quarterly revenue was up 112.5% compared to the same quarter last year. Equities analysts predict that CoreWeave Inc. will post -5.19 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on CRWV shares. JPMorgan Chase & Co. upped their price objective on shares of CoreWeave from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Tuesday, August 11th. BTIG Research assumed coverage on CoreWeave in a report on Wednesday, July 22nd. They set a “buy” rating on the stock. Truist Financial upped their price target on CoreWeave from $155.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, August 24th. Cantor Fitzgerald set a $176.00 price target on CoreWeave and gave the company an “overweight” rating in a research report on Wednesday, August 12th. Finally, Robert W. Baird lifted their price objective on CoreWeave from $100.00 to $130.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. Twenty-one research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $141.90.

Key Headlines Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave’s backlog continues to expand, strengthening the long-term revenue outlook and attracting additional investor support. The company is benefiting from sustained demand for GPU cloud capacity as hyperscalers and AI developers increase spending. CoreWeave’s backlog keeps growing
• Positive Sentiment: CoreWeave launched Physical AI Field Engineering, using expertise acquired from Monolith AI to help industrial customers build, validate and deploy AI across research, engineering and field operations. The initiative could diversify revenue beyond basic GPU infrastructure and increase customer value. CoreWeave Launches Physical AI Field Engineering
• Positive Sentiment: Oracle’s reported $664 billion cloud backlog and strong AI spending outlook helped lift sentiment across the AI cloud sector, including CoreWeave and other GPU infrastructure providers. Oracle AI cloud backlog lifts CoreWeave
• Positive Sentiment: Leopold Aschenbrenner’s Situational Awareness reportedly purchased options linked to CRWV, potentially signaling bullish interest and adding speculative support to the shares. Situational Awareness active in options market
• Neutral Sentiment: Michael Burry reportedly reduced bearish positions tied to CoreWeave and NVIDIA, removing a prominent source of negative sentiment, although the transaction does not change CoreWeave’s fundamentals. Michael Burry reduces bearish bets
• Negative Sentiment: Several insiders, including CEO Michael Intrator, EVP Chen Goldberg and Kristen McVeety, sold substantial amounts of stock under pre-arranged Rule 10b5-1 plans. The planned nature reduces the signal’s significance, but the combined selling can weigh on investor sentiment. CoreWeave insider stock sales
• Negative Sentiment: CoreWeave remains financially risky: it is unprofitable, carries a debt-to-equity ratio of 5.53 and has a current ratio of 0.46. Rising interest rates or slower customer spending could make its capital-intensive GPU expansion harder to fund. Risks facing neocloud companies

Insider Buying and Selling at CoreWeave

In other news, CEO Michael Intrator sold 200,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of $100.08, for a total value of $20,016,000.00. Following the completion of the transaction, the chief executive officer owned 1,087,129 shares in the company, valued at $108,799,870.32. This trade represents a 15.54% decrease in their position. 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. Also, EVP Chen Goldberg sold 22,424 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $95.91, for a total value of $2,150,685.84. Following the completion of the transaction, the executive vice president owned 50,550 shares of the company’s stock, valued at approximately $4,848,250.50. The trade was a 30.73% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 7,339,268 shares of company stock valued at $678,455,019. 24.20% of the stock is currently owned by corporate insiders.

CoreWeave Company Profile

CoreWeave, Inc is a specialized cloud computing provider focused on infrastructure for artificial intelligence, machine learning, high-performance computing and other data-intensive workloads. The company provides access to accelerated computing resources, particularly graphics processing units (GPUs), through a cloud platform designed for large-scale training, inference, rendering and scientific computing.

Its offerings include on-demand and reserved GPU instances, cloud storage, high-speed networking, Kubernetes-based container orchestration and managed services for deploying and scaling workloads.