Floyd Financial Group LLC Buys 8,809 Shares of CoreWeave Inc. $CRWV

Floyd Financial Group LLC boosted its stake in shares of CoreWeave Inc. (NASDAQ:CRWVFree Report) by 111.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,748 shares of the company’s stock after buying an additional 8,809 shares during the quarter. Floyd Financial Group LLC’s holdings in CoreWeave were worth $1,199,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CRWV. Virtu Financial LLC bought a new position in shares of CoreWeave during the fourth quarter worth about $11,907,000. Mcguire Capital Advisors Inc. acquired a new position in shares of CoreWeave in the fourth quarter worth approximately $105,000. Compound Planning Inc. bought a new stake in CoreWeave in the fourth quarter valued at approximately $6,236,000. Axxcess Wealth Management LLC bought a new stake in CoreWeave in the fourth quarter valued at approximately $718,000. Finally, Corient Private Wealth LLC increased its position in CoreWeave by 633.7% during the 4th quarter. Corient Private Wealth LLC now owns 30,161 shares of the company’s stock valued at $2,160,000 after purchasing an additional 26,050 shares during the period.

Key Headlines Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Wells Fargo & Company raised their price target on shares of CoreWeave from $135.00 to $155.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Wolfe Research started coverage on shares of CoreWeave in a research report on Thursday, April 16th. They set an “outperform” rating and a $150.00 price objective for the company. JPMorgan Chase & Co. lifted their target price on shares of CoreWeave from $90.00 to $105.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Sanford C. Bernstein restated an “underperform” rating on shares of CoreWeave in a report on Thursday, June 11th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of CoreWeave in a research report on Monday, May 4th. Twenty analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $131.52.

Check Out Our Latest Stock Report on CoreWeave

CoreWeave Price Performance

Shares of CRWV opened at $117.95 on Friday. The firm has a market cap of $52.79 billion, a PE ratio of -37.93 and a beta of 7.14. CoreWeave Inc. has a 52-week low of $63.80 and a 52-week high of $187.00. The business’s 50 day moving average price is $110.37 and its two-hundred day moving average price is $93.70. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.31 and a current ratio of 0.31.

CoreWeave (NASDAQ:CRWVGet Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($1.40) EPS for the quarter, missing the consensus estimate of ($1.17) by ($0.23). The company had revenue of $2.08 billion for the quarter. CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.The firm’s revenue for the quarter was up 111.6% on a year-over-year basis. During the same period last year, the business posted ($0.60) earnings per share. On average, equities analysts anticipate that CoreWeave Inc. will post -4.57 EPS for the current year.

Insider Buying and Selling

In other CoreWeave news, major shareholder Magnetar Financial Llc sold 1,404,667 shares of the firm’s stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $118.30, for a total value of $166,172,106.10. Following the completion of the sale, the insider directly owned 282,570 shares in the company, valued at approximately $33,428,031. This trade represents a 83.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jack D. Cogen sold 986,540 shares of CoreWeave stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $107.80, for a total transaction of $106,349,012.00. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 28,071,739 shares of company stock valued at $3,177,590,944 over the last ninety days.

CoreWeave Company Profile

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding CRWV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CoreWeave Inc. (NASDAQ:CRWVFree Report).

Institutional Ownership by Quarter for CoreWeave (NASDAQ:CRWV)

Receive News & Ratings for CoreWeave Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CoreWeave and related companies with MarketBeat.com's FREE daily email newsletter.