Engineers Gate Manager LP Acquires 10,981 Shares of CoreWeave Inc. $CRWV

Engineers Gate Manager LP raised its holdings in shares of CoreWeave Inc. (NASDAQ:CRWV) by 42.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,570 shares of the company’s stock after buying an additional 10,981 shares during the quarter. Engineers Gate Manager LP’s holdings in CoreWeave were worth $3,640,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Cullen Frost Bankers Inc. raised its holdings in shares of CoreWeave by 45.8% in the 4th quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock valued at $28,000 after acquiring an additional 121 shares in the last quarter. Greenline Wealth Management LLC purchased a new position in shares of CoreWeave during the fourth quarter worth about $28,000. Essential Partners LLC purchased a new position in shares of CoreWeave during the second quarter worth about $30,000. Peterson Wealth Services increased its position in shares of CoreWeave by 153.1% in the first quarter. Peterson Wealth Services now owns 405 shares of the company’s stock worth $31,000 after purchasing an additional 245 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC bought a new position in shares of CoreWeave in the first quarter worth approximately $31,000.

Key Headlines Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave’s backlog continues to expand, strengthening the long-term revenue outlook and attracting additional investor support. The company is benefiting from sustained demand for GPU cloud capacity as hyperscalers and AI developers increase spending. CoreWeave’s backlog keeps growing
• Positive Sentiment: CoreWeave launched Physical AI Field Engineering, using expertise acquired from Monolith AI to help industrial customers build, validate and deploy AI across research, engineering and field operations. The initiative could diversify revenue beyond basic GPU infrastructure and increase customer value. CoreWeave Launches Physical AI Field Engineering
• Positive Sentiment: Oracle’s reported $664 billion cloud backlog and strong AI spending outlook helped lift sentiment across the AI cloud sector, including CoreWeave and other GPU infrastructure providers. Oracle AI cloud backlog lifts CoreWeave
• Positive Sentiment: Leopold Aschenbrenner’s Situational Awareness reportedly purchased options linked to CRWV, potentially signaling bullish interest and adding speculative support to the shares. Situational Awareness active in options market
• Neutral Sentiment: Michael Burry reportedly reduced bearish positions tied to CoreWeave and NVIDIA, removing a prominent source of negative sentiment, although the transaction does not change CoreWeave’s fundamentals. Michael Burry reduces bearish bets
• Negative Sentiment: Several insiders, including CEO Michael Intrator, EVP Chen Goldberg and Kristen McVeety, sold substantial amounts of stock under pre-arranged Rule 10b5-1 plans. The planned nature reduces the signal’s significance, but the combined selling can weigh on investor sentiment. CoreWeave insider stock sales
• Negative Sentiment: CoreWeave remains financially risky: it is unprofitable, carries a debt-to-equity ratio of 5.53 and has a current ratio of 0.46. Rising interest rates or slower customer spending could make its capital-intensive GPU expansion harder to fund. Risks facing neocloud companies

CoreWeave Stock Performance

Shares of NASDAQ:CRWV opened at $88.99 on Friday. The company has a market cap of $40.83 billion, a price-to-earnings ratio of -24.38 and a beta of 7.45. The company has a 50-day moving average price of $85.69 and a 200-day moving average price of $94.35. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 5.53. CoreWeave Inc. has a 12 month low of $60.55 and a 12 month high of $153.20.

CoreWeave (NASDAQ:CRWV) last announced its quarterly earnings results on Tuesday, August 11th. The company reported ($1.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.52) by $0.38. The company 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%.The firm’s revenue for the quarter was up 112.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.27) EPS. As a group, equities analysts anticipate that CoreWeave Inc. will post -5.19 EPS for the current year.

Analyst Ratings Changes

A number of research firms have commented on CRWV. Truist Financial boosted their price target on shares of CoreWeave from $155.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, August 24th. Mizuho raised their price objective on shares of CoreWeave from $100.00 to $115.00 and gave the company a “neutral” rating in a research report on Wednesday, August 12th. Barclays lifted their price objective on shares of CoreWeave from $90.00 to $105.00 and gave the stock an “equal weight” rating in a report on Thursday, August 13th. JPMorgan Chase & Co. increased their target price on CoreWeave from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Tuesday, August 11th. Finally, Wells Fargo & Company lifted their price target on CoreWeave from $155.00 to $160.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 12th. Twenty-one research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $141.90.

Insider Activity at CoreWeave

In other CoreWeave news, CEO Michael N. Intrator sold 278,560 shares of the business’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $97.43, for a total transaction of $27,140,100.80. Following the transaction, the chief executive officer directly owned 3,138,612 shares of the company’s stock, valued at approximately $305,794,967.16. The trade was a 8.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, major shareholder Magnetar Financial Llc sold 307,131 shares of the business’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $108.75, for a total transaction of $33,400,496.25. Following the transaction, the insider owned 220,810 shares in the company, valued at $24,013,087.50. This represents a 58.18% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 7,339,268 shares of company stock worth $678,455,019 over the last three months. Insiders own 24.20% of the company’s stock.

CoreWeave Company Profile

CoreWeave, Inc is a specialized cloud computing provider focused on infrastructure for artificial intelligence, machine learning, high-performance computing and other data-intensive workloads. The company provides access to accelerated computing resources, particularly graphics processing units (GPUs), through a cloud platform designed for large-scale training, inference, rendering and scientific computing.

Its offerings include on-demand and reserved GPU instances, cloud storage, high-speed networking, Kubernetes-based container orchestration and managed services for deploying and scaling workloads.