Holocene Advisors LP Acquires Shares of 583,075 CoreWeave Inc. $CRWV

Holocene Advisors LP bought a new stake in CoreWeave Inc. (NASDAQ:CRWV) in the third quarter, Holdings Channel reports. The institutional investor bought 583,075 shares of the company’s stock, valued at approximately $79,794,000.

Several other hedge funds have also made changes to their positions in CRWV. Family Legacy Financial Solutions LLC increased its position in CoreWeave by 166.7% in the 3rd quarter. Family Legacy Financial Solutions LLC now owns 200 shares of the company’s stock valued at $27,000 after acquiring an additional 125 shares during the period. HighMark Wealth Management LLC acquired a new stake in CoreWeave during the 3rd quarter worth approximately $27,000. OLD Second National Bank of Aurora acquired a new stake in CoreWeave during the 3rd quarter worth approximately $27,000. Princeton Global Asset Management LLC purchased a new position in shares of CoreWeave in the 3rd quarter valued at approximately $28,000. Finally, Aspect Partners LLC acquired a new position in shares of CoreWeave in the third quarter valued at approximately $28,000.

CoreWeave Stock Performance

CRWV opened at $85.86 on Tuesday. CoreWeave Inc. has a 1-year low of $33.51 and a 1-year high of $187.00. The stock has a market cap of $35.98 billion and a P/E ratio of -26.83. The stock’s 50 day simple moving average is $89.07 and its 200 day simple moving average is $98.14. The company has a debt-to-equity ratio of 4.46, a current ratio of 0.46 and a quick ratio of 0.46.

CoreWeave (NASDAQ:CRWV) last issued its quarterly earnings data on Thursday, February 26th. The company reported ($0.89) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.61) by ($0.28). CoreWeave had a negative return on equity of 33.82% and a negative net margin of 22.75%.The firm had revenue of $1.57 billion for the quarter. The firm’s revenue was up 110.4% compared to the same quarter last year.

Insider Buying and Selling

In related news, insider Brian M. Venturo sold 281,250 shares of the company’s stock in a transaction that occurred on Wednesday, December 24th. The stock was sold at an average price of $79.36, for a total value of $22,320,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Brannin Mcbee sold 300,000 shares of the company’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $72.61, for a total value of $21,783,000.00. Following the completion of the sale, the insider owned 248,664 shares in the company, valued at $18,055,493.04. This represents a 54.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 4,549,568 shares of company stock worth $384,597,724 in the last ninety days.

Analyst Ratings Changes

Several research firms have recently commented on CRWV. Citigroup cut their price target on CoreWeave from $135.00 to $126.00 and set a “buy” rating for the company in a research note on Wednesday, March 4th. HC Wainwright reiterated a “buy” rating and issued a $180.00 price objective on shares of CoreWeave in a research report on Monday, March 2nd. Roth Mkm reissued a “buy” rating on shares of CoreWeave in a research note on Monday, February 23rd. UBS Group restated a “neutral” rating on shares of CoreWeave in a research report on Friday, January 16th. Finally, Citizens Jmp restated a “market outperform” rating and issued a $180.00 target price on shares of CoreWeave in a research note on Friday, February 27th. Eighteen research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $122.35.

CoreWeave 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.