Greenup Street Wealth Management LLC Acquires New Position in CoreWeave Inc. $CRWV

Greenup Street Wealth Management LLC acquired a new stake in CoreWeave Inc. (NASDAQ:CRWVFree Report) during the first quarter, HoldingsChannel reports. The fund acquired 19,811 shares of the company’s stock, valued at approximately $1,535,000.

A number of other institutional investors have also recently bought and sold shares of CRWV. Vanguard Group Inc. raised its position 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 during the last quarter. Proficio Capital Partners LLC boosted its position in shares of CoreWeave by 446,194.0% in the 3rd quarter. Proficio Capital Partners LLC now owns 17,851,760 shares of the company’s stock worth $2,443,013,000 after purchasing an additional 17,847,760 shares during the last quarter. Clear Street Group Inc. boosted its position in shares of CoreWeave by 57.2% in the 4th quarter. Clear Street Group Inc. now owns 4,653,815 shares of the company’s stock worth $333,260,000 after purchasing an additional 1,692,916 shares during the last quarter. Alyeska Investment Group L.P. grew its stake in shares of CoreWeave by 300.0% during the fourth quarter. Alyeska Investment Group L.P. now owns 4,000,000 shares of the company’s stock worth $286,440,000 after purchasing an additional 3,000,000 shares during the period. Finally, Deutsche Bank AG grew its stake in shares of CoreWeave by 22,624.0% during the fourth quarter. Deutsche Bank AG now owns 3,812,856 shares of the company’s stock worth $273,039,000 after purchasing an additional 3,796,077 shares during the period.

CoreWeave Stock Down 4.6%

Shares of CRWV stock opened at $100.87 on Thursday. CoreWeave Inc. has a 12-month low of $63.80 and a 12-month high of $180.25. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 3.68. The firm has a fifty day moving average of $111.23 and a 200-day moving average of $94.53. The company has a market capitalization of $45.15 billion, a price-to-earnings ratio of -32.43 and a beta of 7.14.

CoreWeave (NASDAQ:CRWVGet Free Report) last posted 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 during the quarter. CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. The company’s quarterly revenue was up 111.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.60) earnings per share. As a group, equities research analysts predict that CoreWeave Inc. will post -4.57 earnings per share for the current fiscal year.

Insider Transactions at CoreWeave

In other news, CFO Nitin Agrawal sold 58,429 shares of the company’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $116.70, for a total transaction of $6,818,664.30. Following the completion of the transaction, the chief financial officer directly owned 193,771 shares of the company’s stock, valued at $22,613,075.70. This represents a 23.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael N. Intrator sold 200,000 shares of the stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $116.65, for a total value of $23,330,000.00. Following the transaction, the chief executive officer owned 3,476,815 shares of the company’s stock, valued at approximately $405,570,469.75. The trade was a 5.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 28,072,618 shares of company stock valued at $3,184,454,369.

CoreWeave News Summary

Here are the key news stories impacting CoreWeave this week:

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Wolfe Research started coverage on CoreWeave in a research note on Thursday, April 16th. They issued an “outperform” rating and a $150.00 target price on the stock. Bank of America upgraded CoreWeave from a “neutral” rating to a “buy” rating and set a $100.00 target price for the company in a research report on Tuesday, March 24th. DA Davidson reaffirmed a “neutral” rating and issued a $100.00 price target (down from $175.00) on shares of CoreWeave in a research note on Monday, May 18th. Citizens Jmp reiterated a “market outperform” rating and issued a $180.00 price target on shares of CoreWeave in a research report on Friday, February 27th. Finally, JPMorgan Chase & Co. increased their price target on shares of CoreWeave from $90.00 to $105.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Twenty research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $131.52.

View Our Latest Analysis on CRWV

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.

See Also

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Institutional Ownership by Quarter for CoreWeave (NASDAQ:CRWV)

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