CoreWeave Inc. $CRWV Position Boosted by Swiss National Bank

Swiss National Bank boosted its stake in shares of CoreWeave Inc. (NASDAQ:CRWV) by 46.0% during the first quarter, HoldingsChannel.com reports. The firm owned 688,468 shares of the company’s stock after acquiring an additional 217,000 shares during the period. Swiss National Bank’s holdings in CoreWeave were worth $53,336,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of CoreWeave by 275.6% during the 4th quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company’s stock valued at $1,999,421,000 after acquiring an additional 20,487,478 shares in the last quarter. Proficio Capital Partners LLC raised its holdings in shares of CoreWeave by 446,194.0% during the third quarter. Proficio Capital Partners LLC now owns 17,851,760 shares of the company’s stock worth $2,443,013,000 after acquiring an additional 17,847,760 shares in the last quarter. Deutsche Bank AG boosted its position in CoreWeave by 22,624.0% during the fourth quarter. Deutsche Bank AG now owns 3,812,856 shares of the company’s stock valued at $273,039,000 after purchasing an additional 3,796,077 shares during the last quarter. Altimeter Capital Management LP acquired a new stake in CoreWeave during the fourth quarter valued at $230,099,000. Finally, Alyeska Investment Group L.P. grew its stake in CoreWeave by 300.0% in the fourth quarter. Alyeska Investment Group L.P. now owns 4,000,000 shares of the company’s stock valued at $286,440,000 after purchasing an additional 3,000,000 shares in the last quarter.

Trending Headlines about CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Truist upgraded CoreWeave to Buy, helping lift the stock as Wall Street continues to favor the company’s AI infrastructure growth story. CoreWeave upgraded to buy at Truist
• Positive Sentiment: Baird initiated coverage on CoreWeave with an Outperform rating, adding another vote of confidence in the company’s ability to benefit from AI demand and cloud expansion. CoreWeave, Nebius initiated with outperform ratings at Baird
• Positive Sentiment: Several pieces highlight the company’s strong revenue growth outlook and recent rebound, including commentary that CoreWeave is chasing 108% Q2 revenue growth with major power capacity expansion. CoreWeave (CRWV) Is Chasing 108% Q2 Revenue Growth With A Big Power Ramp
• Neutral Sentiment: The CFO sold about $5.5 million of company shares, which may raise some investor caution but is not necessarily a fundamental red flag on its own. CoreWeave’s CFO Sold Company Shares for $5.5 Million. What Does That Mean for Investors?
• Neutral Sentiment: Analyst target updates show mixed but still constructive sentiment: one report noted a $139.69 consensus price target, while Barclays cut its target to $90 and kept an equal-weight view. CoreWeave Inc. (NASDAQ:CRWV) Receives $139.69 Consensus PT from Brokerages
• Negative Sentiment: Broader concerns remain around CoreWeave’s heavy debt load, large capital spending needs, and pressure to quickly add power capacity, which could limit upside if execution slows. CoreWeave’s AI-Native Cloud Faces the Storm

CoreWeave Price Performance

Shares of NASDAQ:CRWV opened at $82.64 on Thursday. The business has a 50 day moving average price of $98.41 and a 200 day moving average price of $95.46. CoreWeave Inc. has a twelve month low of $63.80 and a twelve month high of $153.20. The company has a market cap of $36.99 billion, a price-to-earnings ratio of -26.57 and a beta of 7.17. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 3.68.

CoreWeave (NASDAQ:CRWV) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($1.40) EPS for the quarter, missing the consensus estimate of ($1.17) by ($0.23). CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.The business had revenue of $2.08 billion during the quarter. During the same quarter in the prior year, the company posted ($0.60) earnings per share. The firm’s revenue for the quarter was up 111.6% on a year-over-year basis. Research analysts predict that CoreWeave Inc. will post -4.57 earnings per share for the current year.

Insider Buying and Selling

In other CoreWeave news, insider Brian M. Venturo sold 375,000 shares of the firm’s stock in a transaction on Monday, April 27th. The shares were sold at an average price of $109.03, for a total value of $40,886,250.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Magnetar Financial Llc sold 1,284,876 shares of the business’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $119.91, for a total transaction of $154,069,481.16. Following the transaction, the insider owned 264,061 shares in the company, valued at approximately $31,663,554.51. The trade was a 82.95% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 17,072,869 shares of company stock valued at $1,983,274,420. 24.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on CRWV shares. BNP Paribas Exane began coverage on CoreWeave in a report on Tuesday, June 2nd. They issued an “outperform” rating and a $192.00 price objective on the stock. Cantor Fitzgerald started coverage on shares of CoreWeave in a research note on Wednesday. They issued an “overweight” rating for the company. DA Davidson reissued a “neutral” rating and issued a $100.00 target price (down from $175.00) on shares of CoreWeave in a research report on Monday, May 18th. Oppenheimer increased their price target on shares of CoreWeave from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Finally, JPMorgan Chase & Co. raised their price target on shares of CoreWeave from $90.00 to $105.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Twenty-two investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $136.25.

CoreWeave Profile

CoreWeave is a U.S.-based provider of GPU-accelerated cloud infrastructure designed to support compute-intensive workloads such as artificial intelligence, machine learning, visual effects rendering and other high-performance computing applications. The company supplies access to large fleets of modern GPUs and complementary infrastructure that enable customers to train and deploy large models, run inference at scale, and process graphics-heavy workloads with low latency and high throughput.

CoreWeave’s product offering includes on-demand and dedicated GPU instances, bare-metal servers, private clusters and managed services tailored for enterprise and developer use.