13,261 Shares in CoreWeave Inc. $CRWV Purchased by Pinebridge Investments LLC

Pinebridge Investments LLC bought a new stake in shares of CoreWeave Inc. (NASDAQ:CRWVFree 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.

CoreWeave (NASDAQ:CRWVGet Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($1.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.17) by ($0.23). The business 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%.CoreWeave’s revenue was up 111.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.60) earnings per share. Equities research analysts anticipate that CoreWeave Inc. will post -4.57 EPS for the current fiscal year.

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

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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

(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.

See Also

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Institutional Ownership by Quarter for CoreWeave (NASDAQ:CRWV)

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