CoreWeave Inc. $CRWV Stock: CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT Raises Holdings

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT increased its position in CoreWeave Inc. (NASDAQ:CRWV) by 5,766.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 88,000 shares of the company’s stock after purchasing an additional 86,500 shares during the quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT’s holdings in CoreWeave were worth $7,667,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CRWV. Westover Capital Advisors LLC acquired a new position in CoreWeave in the 3rd quarter valued at about $200,000. Signaturefd LLC increased its position in shares of CoreWeave by 345.1% in the third quarter. Signaturefd LLC now owns 4,438 shares of the company’s stock worth $387,000 after purchasing an additional 3,441 shares during the period. McGuire Investment Group LLC increased its position in shares of CoreWeave by 1,630.4% in the third quarter. McGuire Investment Group LLC now owns 41,098 shares of the company’s stock worth $3,580,000 after purchasing an additional 38,723 shares during the period. Citizens Financial Group Inc. RI raised its stake in CoreWeave by 55.3% in the third quarter. Citizens Financial Group Inc. RI now owns 19,232 shares of the company’s stock valued at $1,675,000 after purchasing an additional 6,848 shares in the last quarter. Finally, Simplicity Wealth LLC acquired a new position in CoreWeave in the third quarter valued at about $217,000.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CRWV shares. The Goldman Sachs Group raised shares of CoreWeave from a “neutral” rating to a “buy” rating and set a $106.00 price target for the company in a report on Monday, October 19th. Barclays upped their price objective on CoreWeave from $90.00 to $105.00 and gave the company an “equal weight” rating in a research note on Thursday, August 13th. Jefferies Financial Group reaffirmed a “buy” rating on shares of CoreWeave in a research report on Thursday, October 15th. Rothschild & Co Redburn initiated coverage on CoreWeave in a research report on Monday, September 21st. They set a “sell” rating and a $54.00 target price on the stock. Finally, Northland Securities set a $200.00 price target on CoreWeave in a report on Wednesday, October 7th. Twenty-seven equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, CoreWeave presently has a consensus rating of “Moderate Buy” and a consensus target price of $130.24.

CoreWeave Stock Up 1.8%

Shares of NASDAQ CRWV opened at $55.19 on Tuesday. The stock has a market capitalization of $25.33 billion, a PE ratio of -15.12 and a beta of 7.36. CoreWeave Inc. has a one year low of $51.24 and a one year high of $141.79. 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 fifty day moving average price is $82.27 and its 200-day moving average price is $91.44.

CoreWeave (NASDAQ:CRWV) last issued its earnings results on Tuesday, August 11th. The company reported ($1.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.52) by $0.38. The firm had revenue of $2.58 billion during the quarter. CoreWeave had a negative net margin of 25.41% and a negative return on equity of 47.95%. CoreWeave’s revenue for the quarter was up 112.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.27) EPS. On average, equities research analysts anticipate that CoreWeave Inc. will post -4.96 EPS for the current year.

Insider Activity

In other CoreWeave news, major shareholder Magnetar Financial Llc sold 307,131 shares of CoreWeave stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $108.75, for a total transaction of $33,400,496.25. Following the completion of the transaction, the insider owned 220,810 shares of the company’s stock, valued at $24,013,087.50. The trade was a 58.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael N. Intrator sold 200,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $91.80, for a total transaction of $18,360,000.00. Following the transaction, the chief executive officer directly owned 2,076,815 shares of the company’s stock, valued at approximately $190,651,617. This represents a 8.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 4,794,886 shares of company stock valued at $433,518,903. 24.20% of the stock is owned by corporate insiders.

CoreWeave News Summary

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave’s potential upside is supported by soaring demand for AI computing, its close relationship with Nvidia, and a reported $103.7 billion backlog. One bullish analysis argues the stock could recover substantially if AI infrastructure demand remains strong. Is CoreWeave a Screaming Buy Right Now?
• Positive Sentiment: Buyers returned after the stock touched a new 52-week low, helping it recover from an extended selloff. Some analysts also contend that financing concerns are overstated and that the largest neocloud providers, including CoreWeave, are better positioned to survive industry consolidation. CoreWeave Stock Moves Higher
• Positive Sentiment: Despite the sector selloff, some market commentary maintains a bullish view, citing CoreWeave’s leadership in AI infrastructure and the possibility that the worst expectations are already reflected in the stock price. CoreWeave: Leading In the Neo-Cloud Space Comes at a Cost
• Neutral Sentiment: Reported short interest of zero shares and a zero-day short-interest ratio would normally suggest little short-selling pressure, but the figure appears inconsistent with CoreWeave’s trading activity and may reflect incomplete or anomalous data.
• Negative Sentiment: Elon Musk’s warning that more than 200 neocloud companies could face “guppy-level death” and consolidation intensified concerns about competition, customer concentration, capital requirements, and the sector’s ability to refinance debt. Neocloud Stocks Fall After Elon Musk Warning
• Negative Sentiment: Debt is the main overhang. CoreWeave reportedly has $16.6 billion of unsecured debt yielding close to 15% and may need roughly $33 billion of additional funding for 2027 expansion, raising interest-expense, dilution, and liquidity concerns. News Failure: Neocloud Stocks Defy Musk’s Warning
• Negative Sentiment: Morgan Stanley reduced its CoreWeave price target amid rising debt concerns, while Bernstein reportedly warned that the shares may not have reached a bottom. Insider selling added another cautionary signal. Morgan Stanley Cuts CoreWeave Price Target

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.