Pinebridge Investments LLC bought a new stake in shares of CoreWeave Inc. (NASDAQ:CRWV – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 13,261 shares of the company’s stock, valued at approximately $950,000.
Several other large investors have also recently bought and sold shares of CRWV. Vanguard Group Inc. increased its stake in 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 buying an additional 20,487,478 shares during the period. Proficio Capital Partners LLC increased its stake in CoreWeave by 446,194.0% during the 3rd quarter. Proficio Capital Partners LLC now owns 17,851,760 shares of the company’s stock valued at $2,443,013,000 after buying an additional 17,847,760 shares during the period. Invesco Ltd. increased its stake in CoreWeave by 55,329.7% during the 3rd quarter. Invesco Ltd. now owns 2,999,300 shares of the company’s stock valued at $410,454,000 after buying an additional 2,993,889 shares during the period. Clear Street Group Inc. acquired a new position in CoreWeave during the 3rd quarter valued at about $405,199,000. Finally, Lavaca Capital LLC acquired a new position in CoreWeave during the 3rd quarter valued at about $273,700,000.
CoreWeave Stock Performance
Shares of CRWV opened at $98.45 on Wednesday. The firm’s 50 day moving average is $106.51 and its 200-day moving average is $92.00. The stock has a market capitalization of $44.06 billion, a P/E ratio of -31.66 and a beta of 7.14. The company has a debt-to-equity ratio of 3.68, a current ratio of 0.31 and a quick ratio of 0.31. CoreWeave Inc. has a 12-month low of $63.80 and a 12-month high of $187.00.
Analysts Set New Price Targets
Several equities analysts have commented on the stock. DA Davidson reissued a “neutral” rating and set a $100.00 target price (down from $175.00) on shares of CoreWeave in a research note on Monday, May 18th. JPMorgan Chase & Co. raised their target price on shares of CoreWeave from $90.00 to $105.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Needham & Company LLC reissued a “hold” rating on shares of CoreWeave in a research note on Friday, February 27th. Oppenheimer raised their target price on shares of CoreWeave from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Finally, Barclays raised their target price on shares of CoreWeave from $106.00 to $120.00 and gave the company an “equal weight” rating in a research note on Monday, May 11th. Twenty investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $131.52.
Check Out Our Latest Stock Analysis on CRWV
Trending Headlines about CoreWeave
Here are the key news stories impacting CoreWeave this week:
- Positive Sentiment: CoreWeave landed a major $6 billion AI cloud agreement with Jane Street, including a $1 billion equity investment, reinforcing demand for its infrastructure and supporting the long-term growth story. CoreWeave Jane Street AI Cloud Pact Reframes Growth And Valuation Story
- Positive Sentiment: Analyst sentiment remains constructive, with most ratings at Buy and an average price target above recent trading levels, suggesting Wall Street still sees upside if execution holds. Why CoreWeave (CRWV) is a Strategically Important firm in AI Infrastructure?
- Neutral Sentiment: The company is exploring financing options in the European high-yield bond market, which may help fund AI infrastructure expansion but also underscores ongoing capital needs. CoreWeave Explores European Bond Market as AI Infrastructure Funding Accelerates
- Neutral Sentiment: Short interest data showed no meaningful change in reported shares, so this does not appear to be a major near-term trading catalyst. CoreWeave stock slips: What’s happening today?
- Negative Sentiment: Reports that CoreWeave founders have sold $2.3 billion in planned stock sales since the IPO may raise investor concerns about insider confidence and supply overhang. CoreWeave founders sold $2.3B in planned stock sales since IPO: report
- Negative Sentiment: Recent articles highlight that CRWV has fallen sharply over the past year, and the stock’s valuation remains under scrutiny despite strong AI growth prospects. CoreWeave Stock Tumbles 34% in a Year: What Should Investors Do Now?
Insiders Place Their Bets
In other CoreWeave news, major shareholder Magnetar Financial Llc sold 1,404,667 shares of the firm’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $118.30, for a total value of $166,172,106.10. Following the completion of the transaction, the insider directly owned 282,570 shares in the company, valued at $33,428,031. This trade represents a 83.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Jack D. Cogen sold 986,540 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $107.80, for a total transaction of $106,349,012.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 27,161,017 shares of company stock worth $3,069,845,030 over the last ninety days.
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.
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