Swedbank AB Invests $965,000 in CoreWeave Inc. $CRWV

Swedbank AB bought a new position in shares of CoreWeave Inc. (NASDAQ:CRWV) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,476 shares of the company’s stock, valued at approximately $965,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CRWV. Sivia Capital Partners LLC acquired a new position in CoreWeave during the second quarter worth about $39,824,000. Quantbot Technologies LP acquired a new position in CoreWeave during the second quarter worth about $311,000. Invesco Ltd. acquired a new position in CoreWeave during the second quarter worth about $882,000. First Trust Advisors LP acquired a new position in CoreWeave during the second quarter worth about $20,260,000. Finally, Baird Financial Group Inc. acquired a new position in CoreWeave during the second quarter worth about $455,000.

CoreWeave Stock Down 1.5%

Shares of NASDAQ CRWV opened at $104.27 on Thursday. CoreWeave Inc. has a 12-month low of $63.80 and a 12-month high of $187.00. The company has a market capitalization of $46.67 billion, a PE ratio of -33.53 and a beta of 7.84. The company has a debt-to-equity ratio of 3.68, a current ratio of 0.31 and a quick ratio of 0.31. The firm’s 50-day moving average is $101.60 and its two-hundred day moving average is $90.47.

CoreWeave (NASDAQ:CRWV) last announced its quarterly earnings results 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 net margin of 25.57% and a negative return on equity of 43.07%. The business had revenue of $1.57 billion during the quarter. The company’s quarterly revenue was up 110.4% on a year-over-year basis. Equities analysts anticipate that CoreWeave Inc. will post -4.58 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on CRWV shares. Sanford C. Bernstein upped their target price on shares of CoreWeave from $56.00 to $67.00 and gave the stock an “underperform” rating in a research report on Tuesday, April 14th. Oppenheimer upped their target price on shares of CoreWeave from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. 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 target price on the stock. JPMorgan Chase & Co. upped their target price on shares of CoreWeave from $90.00 to $105.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Finally, Barclays upped their target price on shares of CoreWeave from $106.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Monday, May 11th. Nineteen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, CoreWeave has a consensus rating of “Moderate Buy” and an average price target of $129.63.

Insider Buying and Selling

In other CoreWeave news, insider Brian M. Venturo sold 5,887 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $99.82, for a total value of $587,640.34. Following the sale, the insider owned 229,079 shares of the company’s stock, valued at $22,866,665.78. This represents a 2.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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, CEO Michael N. Intrator sold 13,129 shares of the company’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $99.82, for a total transaction of $1,310,536.78. Following the completion of the sale, the chief executive officer directly owned 4,276,815 shares in the company, valued at $426,911,673.30. This trade represents a 0.31% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 25,131,946 shares of company stock valued at $2,816,089,734.

About CoreWeave

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.