National Pension Service Boosts Stock Holdings in CoreWeave Inc. $CRWV

National Pension Service grew its holdings in CoreWeave Inc. (NASDAQ:CRWV) by 1,194.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 524,854 shares of the company’s stock after purchasing an additional 484,314 shares during the quarter. National Pension Service’s holdings in CoreWeave were worth $52,244,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of CRWV. Cullen Frost Bankers Inc. boosted 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 valued at $28,000 after purchasing an additional 121 shares in the last quarter. Greenline Wealth Management LLC bought a new position in CoreWeave in the fourth quarter worth approximately $28,000. Essential Partners LLC purchased a new stake in CoreWeave during the second quarter worth $30,000. Peterson Wealth Services boosted its position in CoreWeave by 153.1% during the 1st quarter. Peterson Wealth Services now owns 405 shares of the company’s stock valued at $31,000 after acquiring an additional 245 shares in the last quarter. Finally, Cassaday & Co Wealth Management LLC bought a new stake in CoreWeave during the 1st quarter valued at $31,000.

CoreWeave Price Performance

Shares of NASDAQ CRWV opened at $88.99 on Friday. CoreWeave Inc. has a fifty-two week low of $60.55 and a fifty-two week high of $153.20. The company has a market cap of $40.83 billion, a PE ratio of -24.38 and a beta of 7.45. The company has a debt-to-equity ratio of 5.53, a quick ratio of 0.46 and a current ratio of 0.46. The business has a 50-day simple moving average of $85.69 and a two-hundred day simple moving average of $94.35.

CoreWeave (NASDAQ:CRWV) last released its earnings results on Tuesday, August 11th. The company reported ($1.14) EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter. During the same quarter last year, the business earned ($0.27) earnings per share. The firm’s revenue for the quarter was up 112.5% on a year-over-year basis. As a group, equities analysts expect that CoreWeave Inc. will post -5.19 EPS for the current fiscal year.

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

Analysts Set New Price Targets

Several research firms have recently commented on CRWV. Weiss Ratings raised CoreWeave from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, June 24th. Wells Fargo & Company boosted their target price on shares of CoreWeave from $155.00 to $160.00 and gave the stock an “overweight” rating in a report on Wednesday, August 12th. Cantor Fitzgerald set a $176.00 price target on shares of CoreWeave and gave the company an “overweight” rating in a research report on Wednesday, August 12th. Truist Financial raised their price target on shares of CoreWeave from $155.00 to $165.00 and gave the company a “buy” rating in a report on Monday, August 24th. Finally, Jefferies Financial Group lowered shares of CoreWeave from a “buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Twenty-one analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $141.90.

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 dated 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 directly owned 1,087,129 shares in the company, valued at $108,799,870.32. This trade represents a 15.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Chen Goldberg sold 22,424 shares of the company’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $95.91, for a total transaction of $2,150,685.84. Following the completion of the sale, the executive vice president directly owned 50,550 shares in the company, valued at $4,848,250.50. This trade represents a 30.73% decrease in their ownership of the stock. 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 90 days, insiders have sold 7,339,268 shares of company stock worth $678,455,019. 24.20% of the stock is currently owned by 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.