Herbst Group LLC Has $2.63 Million Holdings in CoreWeave Inc. $CRWV

Herbst Group LLC cut its holdings in shares of CoreWeave Inc. (NASDAQ:CRWV) by 24.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,430 shares of the company’s stock after selling 8,775 shares during the period. CoreWeave accounts for approximately 1.4% of Herbst Group LLC’s holdings, making the stock its 29th biggest holding. Herbst Group LLC’s holdings in CoreWeave were worth $2,631,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Whitaker Myers Wealth Managers LTD. acquired a new stake in shares of CoreWeave during the 2nd quarter worth approximately $2,220,000. Crumly & Associates Inc. lifted its holdings in CoreWeave by 0.6% in the second quarter. Crumly & Associates Inc. now owns 34,452 shares of the company’s stock valued at $3,429,000 after buying an additional 200 shares during the period. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in CoreWeave by 22.3% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,316 shares of the company’s stock valued at $230,000 after buying an additional 422 shares during the period. Strategic Investment Solutions Inc. IL boosted its stake in CoreWeave by 22.0% in the second quarter. Strategic Investment Solutions Inc. IL now owns 1,202 shares of the company’s stock valued at $120,000 after acquiring an additional 217 shares during the last quarter. Finally, Teamwork Financial Advisors LLC bought a new position in CoreWeave in the second quarter valued at approximately $1,103,000.

Insider Activity

In related news, Director Jack D. Cogen sold 986,540 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $107.80, for a total value of $106,349,012.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Brian M. Venturo sold 375,000 shares of the firm’s stock in a transaction on Monday, May 18th. The stock was sold at an average price of $101.24, for a total value of $37,965,000.00. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 9,343,798 shares of company stock valued at $929,303,314 in the last quarter. Company insiders own 24.20% of the company’s stock.

CoreWeave Price Performance

Shares of NASDAQ CRWV opened at $90.67 on Monday. CoreWeave Inc. has a 52-week low of $60.55 and a 52-week high of $153.20. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a market cap of $40.58 billion, a P/E ratio of -29.15 and a beta of 7.45. The firm has a 50 day moving average price of $91.81 and a 200 day moving average price of $94.81.

CoreWeave (NASDAQ:CRWV) last posted its earnings results on Thursday, May 7th. The company reported ($1.40) earnings per share for the quarter, missing the consensus estimate of ($1.17) by ($0.23). The firm had revenue of $2.08 billion during the quarter. CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.The business’s revenue for the quarter was up 111.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.60) EPS. Analysts expect that CoreWeave Inc. will post -5.7 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have commented on CRWV shares. TD Cowen raised shares of CoreWeave to a “buy” rating in a report on Wednesday, July 22nd. Sanford C. Bernstein initiated coverage on CoreWeave in a research report on Wednesday, July 22nd. They issued an “outperform” rating on the stock. Cantor Fitzgerald started coverage on CoreWeave in a research report on Wednesday, July 22nd. They issued an “overweight” rating on the stock. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 price objective on shares of CoreWeave in a research note on Wednesday, August 5th. Finally, Roth Capital reiterated a “buy” rating and issued a $150.00 price objective on shares of CoreWeave in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $136.67.

More CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Rosenblatt Securities reaffirmed a Buy rating and maintained a $250 price target, reinforcing the bullish case for CoreWeave’s AI-cloud growth prospects. Rosenblatt Securities Reaffirms Buy Rating for CoreWeave
• Positive Sentiment: IMC selected CoreWeave for its research investment, providing another indication that the company’s GPU-accelerated cloud infrastructure is attracting institutional and enterprise users. IMC Selects CoreWeave
• Positive Sentiment: Recent bullish coverage highlights strong demand for scarce GPU capacity and argues that CoreWeave’s pullback has improved its valuation and potential risk-reward profile. CoreWeave at $92: The Compelling Bull Case
• Neutral Sentiment: Traders are positioning for a sizable move around CoreWeave’s quarterly earnings release after the closing bell Tuesday, August 11. The report and management’s outlook for demand, capital spending and profitability could determine the next major move. Traders Expect a Move After CoreWeave Earnings
• Neutral Sentiment: Commentary comparing CRWV with IREN and discussing CoreWeave as a neocloud investment may increase investor attention, but does not provide a new company-specific fundamental catalyst. CRWV Versus IREN Neocloud Comparison
• Negative Sentiment: CEO Michael Intrator sold 307,692 shares worth roughly $28.2 million, while EVP Chen Goldberg sold 25,605 shares worth approximately $2.35 million. The transactions were made under pre-arranged Rule 10b5-1 plans; Goldberg’s sales were specifically to cover tax withholding, which reduces their signaling value but can still pressure sentiment. CoreWeave Insider Selling
• Negative Sentiment: Investors remain concerned about CoreWeave’s substantial leverage, negative earnings and capital-intensive data-center expansion. Its previous quarterly loss exceeded expectations, despite revenue growth of 111.6% year over year, making the upcoming results especially important. Should You Buy CoreWeave Before or After Earnings?

CoreWeave Company 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.