15,813 CoreWeave Inc. $CRWV Shares Acquired by VestGen Advisors LLC

VestGen Advisors LLC increased its position in shares of CoreWeave Inc. (NASDAQ:CRWV) by 218.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,062 shares of the company’s stock after acquiring an additional 15,813 shares during the quarter. VestGen Advisors LLC’s holdings in CoreWeave were worth $2,009,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in CRWV. Public Employees Retirement System of Ohio acquired a new stake in CoreWeave during the 2nd quarter valued at $15,543,000. California State Teachers Retirement System boosted its position in shares of CoreWeave by 25.5% in the first quarter. California State Teachers Retirement System now owns 320,011 shares of the company’s stock worth $24,791,000 after buying an additional 64,960 shares during the period. Bank of New York Mellon Corp boosted its position in shares of CoreWeave by 12.6% in the first quarter. Bank of New York Mellon Corp now owns 353,702 shares of the company’s stock worth $27,401,000 after buying an additional 39,599 shares during the period. Ardmore Road Asset Management LP boosted its position in shares of CoreWeave by 3,410.0% in the first quarter. Ardmore Road Asset Management LP now owns 351,000 shares of the company’s stock worth $27,192,000 after buying an additional 341,000 shares during the period. Finally, TD Waterhouse Canada Inc. grew its holdings in shares of CoreWeave by 30.6% during the second quarter. TD Waterhouse Canada Inc. now owns 73,470 shares of the company’s stock valued at $7,313,000 after buying an additional 17,196 shares in the last quarter.

CoreWeave Stock Down 9.7%

CoreWeave stock opened at $54.87 on Friday. CoreWeave Inc. has a 12 month low of $51.24 and a 12 month high of $138.36. 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 company’s fifty day simple moving average is $79.45 and its 200-day simple moving average is $91.02.

CoreWeave (NASDAQ:CRWV) last announced its quarterly earnings data 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 business had revenue of $2.58 billion during the quarter. CoreWeave had a negative return on equity of 47.95% and a negative net margin of 25.41%. CoreWeave’s revenue was up 112.5% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.27) earnings per share. On average, sell-side analysts predict that CoreWeave Inc. will post -4.97 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CRWV has been the topic of several recent analyst reports. HSBC reissued a “reduce” rating and set a $39.00 price target on shares of CoreWeave in a research report on Tuesday, October 20th. Jefferies Financial Group reissued a “buy” rating on shares of CoreWeave in a research note on Thursday, October 15th. Moffett Nathanson set a $89.00 price objective on CoreWeave in a research report on Monday, October 19th. Sanford C. Bernstein cut CoreWeave from a “hold” rating to a “strong sell” rating in a research note on Monday, October 26th. Finally, Barclays upped their target price on CoreWeave from $90.00 to $105.00 and gave the company an “equal weight” rating in a report on Thursday, August 13th. Twenty-seven investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $130.24.

Key CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave is adding AI-cloud capacity in Denmark and building a dedicated backbone connecting Europe with customers in the Middle East and Asia-Pacific. Management says the expanded platform will serve enterprise AI clients across four continents, supporting the company’s long-term growth strategy. CoreWeave Adds Denmark Capacity to Its Global AI Cloud Platform
• Positive Sentiment: A bullish investment analysis highlights CoreWeave’s potentially rapid growth as demand for AI computing expands, though the opportunity is framed as most suitable for aggressive investors because of the company’s risk profile. CoreWeave’s Meteoric Growth Potential
• Neutral Sentiment: Analysts continue to rate CoreWeave around “Moderate Buy,” while comparisons with Microsoft emphasize CRWV’s greater upside potential but also substantially higher risk, debt and concentration. CoreWeave Rated Moderate Buy
• Negative Sentiment: AI-cloud stocks sold off as investors questioned whether major technology companies will continue spending aggressively on outside computing capacity. Microsoft’s lower-than-expected capital expenditures intensified concerns about AI infrastructure demand, data-center delivery timelines and future revenue growth for neocloud providers. Why Neocloud Stocks Are Falling After Microsoft’s Capex Miss
• Negative Sentiment: Comments attributed to Microsoft CEO Satya Nadella criticizing business models dependent on renting AI capacity to a small number of large customers raised concerns about CoreWeave’s customer concentration and business durability. Satya Nadella Just Took a Shot at Oracle and CoreWeave
• Negative Sentiment: Reports that CoreWeave’s debt prices have weakened sharply are fueling fears about refinancing and potential default risk. The company’s leveraged balance sheet makes higher interest costs, slower customer demand or delayed data-center deployments particularly damaging. Elon Musk vs. Jensen Huang: Who Is Right About CoreWeave?
• Negative Sentiment: A shareholder litigation firm said it is investigating potential claims involving CoreWeave’s officers and directors, adding a legal and reputational risk overhang. Investor Action Notice Regarding CoreWeave

Insider Activity

In other news, CEO Michael N. Intrator sold 200,000 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer directly owned 2,076,815 shares of the company’s stock, valued at $190,651,617. This trade represents a 8.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Magnetar Financial Llc sold 307,131 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $108.75, for a total value of $33,400,496.25. Following the sale, the insider directly owned 220,810 shares of the company’s stock, valued at $24,013,087.50. This trade represents a 58.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 4,795,101 shares of company stock worth $433,497,518. Insiders own 24.20% of the company’s stock.

CoreWeave Profile

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.