14,744 Shares in CoreWeave Inc. $CRWV Acquired by Krane Funds Advisors LLC

Krane Funds Advisors LLC purchased a new position in shares of CoreWeave Inc. (NASDAQ:CRWVFree Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 14,744 shares of the company’s stock, valued at approximately $1,975,000.

Several other institutional investors also recently made changes to their positions in CRWV. Renaissance Capital LLC lifted its stake in shares of CoreWeave by 49.9% in the 3rd quarter. Renaissance Capital LLC now owns 47,162 shares of the company’s stock valued at $6,454,000 after purchasing an additional 15,697 shares in the last quarter. Munro Partners raised its holdings in CoreWeave by 5,272.4% in the third quarter. Munro Partners now owns 616,485 shares of the company’s stock valued at $84,366,000 after buying an additional 605,010 shares during the period. AE Wealth Management LLC acquired a new position in CoreWeave during the third quarter valued at approximately $4,241,000. Rockline Wealth Management LLC acquired a new position in CoreWeave during the second quarter valued at approximately $951,000. Finally, HWG Holdings LP purchased a new stake in CoreWeave during the third quarter worth approximately $1,863,000.

CoreWeave Trading Up 1.8%

Shares of CRWV opened at $90.84 on Tuesday. CoreWeave Inc. has a one year low of $33.51 and a one year high of $187.00. The stock has a 50-day moving average price of $87.08 and a 200 day moving average price of $100.62. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.49 and a current ratio of 0.49. The company has a market capitalization of $35.10 billion and a P/E ratio of -62.65.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CRWV shares. Barclays cut their target price on shares of CoreWeave from $120.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Monday, January 12th. Citigroup reissued a “buy” rating and issued a $135.00 price objective (down from $192.00) on shares of CoreWeave in a research report on Friday, December 19th. Stifel Nicolaus set a $120.00 target price on CoreWeave in a research report on Tuesday, November 11th. DA Davidson upgraded CoreWeave from a “neutral” rating to a “buy” rating and increased their target price for the company from $68.00 to $110.00 in a research note on Monday, January 26th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of CoreWeave in a report on Monday, December 29th. Seventeen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $125.45.

Get Our Latest Report on CoreWeave

Insider Activity

In other CoreWeave news, insider Brannin Mcbee sold 102,835 shares of the firm’s stock in a transaction on Monday, December 8th. The shares were sold at an average price of $83.80, for a total transaction of $8,617,573.00. Following the completion of the transaction, the insider directly owned 185,181 shares of the company’s stock, valued at $15,518,167.80. This trade represents a 35.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael N. Intrator sold 111,427 shares of the business’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $72.39, for a total transaction of $8,066,200.53. Following the completion of the sale, the chief executive officer directly owned 5,922,620 shares of the company’s stock, valued at $428,738,461.80. The trade was a 1.85% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 4,820,751 shares of company stock worth $407,231,149.

Key Headlines Impacting CoreWeave

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About CoreWeave

(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.

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Institutional Ownership by Quarter for CoreWeave (NASDAQ:CRWV)

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