CloudAlpha Capital Management Limited Hong Kong Sells 128,246 Shares of CoreWeave Inc. $CRWV

CloudAlpha Capital Management Limited Hong Kong lowered its stake in CoreWeave Inc. (NASDAQ:CRWV) by 83.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 25,400 shares of the company’s stock after selling 128,246 shares during the quarter. CloudAlpha Capital Management Limited Hong Kong’s holdings in CoreWeave were worth $4,142,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Fourth Dimension Wealth LLC bought a new position in CoreWeave in the second quarter valued at approximately $361,000. GPS Wealth Strategies Group LLC acquired a new stake in shares of CoreWeave in the second quarter valued at approximately $92,000. Rockline Wealth Management LLC acquired a new stake in shares of CoreWeave in the second quarter valued at approximately $951,000. Huntington National Bank acquired a new stake in shares of CoreWeave in the second quarter valued at approximately $264,000. Finally, Peregrine Asset Advisers Inc. acquired a new stake in shares of CoreWeave in the second quarter valued at approximately $1,805,000.

CoreWeave Trading Down 8.4%

CRWV opened at $115.75 on Wednesday. CoreWeave Inc. has a twelve month low of $33.51 and a twelve month high of $187.00. The company has a 50-day simple moving average of $122.92 and a 200 day simple moving average of $116.57. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 2.79. The stock has a market capitalization of $56.55 billion and a price-to-earnings ratio of -101.54.

CoreWeave (NASDAQ:CRWV) last posted its quarterly earnings data on Tuesday, August 12th. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.07). The company had revenue of $1.21 million for the quarter. The business’s quarterly revenue was up 206.7% compared to the same quarter last year. CoreWeave has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

Analyst Upgrades and Downgrades

A number of research firms have commented on CRWV. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of CoreWeave in a research report on Tuesday, October 14th. Barclays lifted their price objective on shares of CoreWeave from $100.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Monday, July 21st. Loop Capital began coverage on shares of CoreWeave in a research report on Friday, September 19th. They set a “buy” rating and a $165.00 price objective for the company. Wells Fargo & Company raised shares of CoreWeave from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $105.00 to $170.00 in a research report on Tuesday, September 23rd. Finally, Citigroup raised shares of CoreWeave from a “neutral” rating to a “buy” rating and set a $160.00 price objective for the company in a research report on Thursday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, CoreWeave has an average rating of “Moderate Buy” and an average price target of $127.64.

Insider Activity

In other CoreWeave news, major shareholder Magnetar Financial Llc sold 191,331 shares of the business’s stock in a transaction dated Friday, October 31st. The stock was sold at an average price of $135.65, for a total transaction of $25,954,050.15. Following the completion of the transaction, the insider owned 853,869 shares of the company’s stock, valued at approximately $115,827,329.85. The trade was a 18.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian M. Venturo sold 281,250 shares of the business’s stock in a transaction dated Wednesday, October 29th. The stock was sold at an average price of $137.80, for a total value of $38,756,250.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 36,604,188 shares of company stock valued at $4,576,093,275 in the last ninety days.

About CoreWeave

CoreWeave, Inc engages in the powers of the creation and delivery of the intelligence that drives innovation. It offers a solution used by organizations of all sizes that require sophisticated AI computing, from the largest of enterprises to small, well-funded start-ups. The company was founded by Michael Intrator, Brian Venturo, and Brannin McBee on September 21, 2017 and is headquartered in Livingston, NJ.