CoreWeave Inc. $CRWV Shares Bought by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd raised its position in CoreWeave Inc. (NASDAQ:CRWV) by 19.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,104 shares of the company’s stock after purchasing an additional 9,271 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in CoreWeave were worth $4,975,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. IFP Advisors Inc boosted its position in shares of CoreWeave by 22.2% during the third quarter. IFP Advisors Inc now owns 11,178 shares of the company’s stock valued at $974,000 after buying an additional 2,029 shares during the period. Frank Rimerman Advisors LLC grew its stake in shares of CoreWeave by 29.4% during the third quarter. Frank Rimerman Advisors LLC now owns 3,980 shares of the company’s stock valued at $347,000 after buying an additional 905 shares during the last quarter. AlphaStar Capital Management LLC grew its stake in shares of CoreWeave by 5.6% during the third quarter. AlphaStar Capital Management LLC now owns 4,914 shares of the company’s stock valued at $428,000 after buying an additional 261 shares during the last quarter. Howard Capital Management LLC purchased a new stake in shares of CoreWeave in the third quarter worth approximately $745,000. Finally, Cornerstone Enterprises LLC bought a new stake in shares of CoreWeave during the 3rd quarter worth approximately $233,000.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Cantor Fitzgerald restated an “overweight” rating on shares of CoreWeave in a report on Monday. Btg Pactual set a $125.00 target price on CoreWeave in a research report on Monday, September 21st. Wells Fargo & Company lifted their target price on CoreWeave from $155.00 to $160.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. Piper Sandler cut their price target on shares of CoreWeave from $153.00 to $124.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $150.00 price target on shares of CoreWeave in a report on Friday, August 7th. Twenty-five research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.57.

Insider Transactions at CoreWeave

In other CoreWeave news, CFO Nitin Agrawal sold 22,579 shares of the firm’s stock in a transaction dated Monday, October 12th. The shares were sold at an average price of $80.13, for a total transaction of $1,809,255.27. Following the transaction, the chief financial officer owned 110,017 shares of the company’s stock, valued at approximately $8,815,662.21. This trade represents a 17.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael Intrator sold 78,552 shares of the business’s stock in a transaction dated Wednesday, September 30th. The shares were sold at an average price of $87.69, for a total transaction of $6,888,224.88. Following the completion of the sale, the chief executive officer owned 548,935 shares of the company’s stock, valued at approximately $48,136,110.15. This represents a 12.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 5,352,578 shares of company stock valued at $471,777,344 over the last three months. 24.20% of the stock is currently owned by corporate insiders.

CoreWeave Trading Down 10.1%

Shares of NASDAQ:CRWV opened at $55.60 on Friday. The company has a debt-to-equity ratio of 5.53, a current ratio of 0.46 and a quick ratio of 0.46. The business’s 50 day moving average is $83.97 and its 200 day moving average is $94.04. CoreWeave Inc. has a 52-week low of $53.50 and a 52-week high of $141.79.

CoreWeave (NASDAQ:CRWV) last posted its quarterly earnings results on Tuesday, August 11th. The company reported ($1.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.52) by $0.38. The business had revenue of $2.58 billion for the quarter. CoreWeave had a negative return on equity of 47.95% and a negative net margin of 25.41%. CoreWeave’s quarterly revenue was up 112.5% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.27) EPS. Sell-side analysts predict that CoreWeave Inc. will post -4.95 EPS for the current fiscal year.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Growth outlook remains strong. Bank of America maintained its Buy rating and $140 price target, forecasting third-quarter revenue growth of 168% year over year as new data-center capacity comes online. CoreWeave capacity expansion to drive revenue growth, Bank of America says
• Positive Sentiment: Some industry executives and analysts remain constructive. Blackstone’s Jon Gray said CoreWeave can “find a way through” its financing challenges, while Nvidia CEO Jensen Huang and SpaceX-related commentary supported the view that demand for AI computing remains durable. One analyst also disclosed adding to a CoreWeave position. Blackstone’s Jon Gray says CoreWeave can find a way through financing pressure
• Neutral Sentiment: Analyst views are sharply divided. While Bernstein became more bearish and cut its price target, other analysts continue to argue that the stock may be approaching fair value after a major decline. This disagreement is likely to keep CRWV highly volatile ahead of third-quarter results expected in early November. Wall Street’s big CoreWeave stock bear is now even more bearish
• Negative Sentiment: Financing concerns are driving the selloff. Bernstein estimated CoreWeave could face a $76 billion funding gap—more than triple Goldman Sachs’ estimate—raising questions about how the company will fund its planned infrastructure buildout. Bernstein puts CoreWeave’s funding gap at $76 billion
• Negative Sentiment: Credit-market stress has intensified. CoreWeave’s bonds have moved into distressed territory, credit-default-swap spreads reportedly exceeded 1,000 basis points, and debt due in 2032 traded at a yield as high as 9.625%. Investors fear expensive refinancing, weaker liquidity and the possibility that debt-funded growth may not generate returns quickly enough. The Neocloud Bloodbath: NBIS, IREN, and CRWV Selloff Continues

About CoreWeave

CoreWeave, Inc is a specialized cloud computing company that provides infrastructure designed for artificial intelligence (AI), machine learning, and other high-performance computing workloads. Its platform gives customers access to accelerated computing resources, including graphics processing units (GPUs), along with the networking, storage, and software tools needed to develop, train, and deploy demanding applications.

The company offers cloud services for AI model training and inference, visual effects and rendering, scientific computing, and other data-intensive workloads.