Ritholtz Wealth Management Raises Position in CoreWeave Inc. $CRWV

Ritholtz Wealth Management raised its position in CoreWeave Inc. (NASDAQ:CRWV) by 54.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 27,899 shares of the company’s stock after buying an additional 9,790 shares during the period. Ritholtz Wealth Management’s holdings in CoreWeave were worth $2,161,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in CRWV. Cornerstone Planning Group LLC lifted its position in shares of CoreWeave by 272.8% in the fourth quarter. Cornerstone Planning Group LLC now owns 343 shares of the company’s stock valued at $25,000 after acquiring an additional 251 shares in the last quarter. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of CoreWeave during the third quarter worth approximately $27,000. Cullen Frost Bankers Inc. raised its stake in CoreWeave by 45.8% in the 4th quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock valued at $28,000 after purchasing an additional 121 shares during the last quarter. Greenline Wealth Management LLC acquired a new position in CoreWeave in the 4th quarter valued at $28,000. Finally, Highline Wealth Partners LLC purchased a new position in CoreWeave in the 4th quarter valued at $32,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CRWV shares. Truist Financial upped their target price on shares of CoreWeave from $85.00 to $131.00 and gave the stock a “hold” rating in a report on Friday, May 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $135.00 price target on shares of CoreWeave in a research report on Friday, May 8th. Wolfe Research initiated coverage on shares of CoreWeave in a research note on Thursday, April 16th. They set an “outperform” rating and a $150.00 price objective for the company. DA Davidson reiterated a “neutral” rating and issued a $100.00 price objective (down from $175.00) on shares of CoreWeave in a report on Monday, May 18th. Finally, Weiss Ratings raised shares of CoreWeave from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, CoreWeave currently has a consensus rating of “Moderate Buy” and an average price target of $135.00.

Insider Transactions at CoreWeave

In related news, Director Jack D. Cogen sold 986,540 shares of the 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. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 transaction, the insider owned 282,570 shares of the company’s stock, valued at $33,428,031. This trade represents a 83.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 28,457,234 shares of company stock worth $3,225,112,891 over the last ninety days.

CoreWeave Trading Down 2.2%

CRWV opened at $96.58 on Friday. CoreWeave Inc. has a one year low of $63.80 and a one year high of $173.35. The business’s 50 day moving average price is $110.42 and its 200 day moving average price is $94.62. The stock has a market capitalization of $43.23 billion, a PE ratio of -31.05 and a beta of 7.14. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.31 and a current ratio of 0.31.

CoreWeave (NASDAQ:CRWV) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($1.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.17) by ($0.23). The business had revenue of $2.08 billion for the quarter. CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.The company’s revenue was up 111.6% on a year-over-year basis. During the same period last year, the firm earned ($0.60) earnings per share. As a group, equities research analysts expect that CoreWeave Inc. will post -4.57 EPS for the current year.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Rosenblatt Securities initiated coverage with a Buy rating and a $250 price target, reinforcing the bullish view that CoreWeave could benefit from rising demand for AI infrastructure. Read More
• Positive Sentiment: BNP Paribas and other reports highlighted CoreWeave as a key beneficiary of the next AI chip cycle, while Cantor Fitzgerald reiterated an Overweight rating and a $167 target. Article Title
• Positive Sentiment: CoreWeave announced a partnership with Conapto to expand AI cloud capacity in Sweden, which supports the company’s growth narrative and international expansion. Article Title
• Neutral Sentiment: Several articles argue CoreWeave is one of the stocks that could double over the next two years, reflecting strong long-term enthusiasm but no new hard financial data. Article Title
• Negative Sentiment: CEO Michael Intrator sold shares under a pre-arranged trading plan, and insider Brannin McBee also sold stock. Even though the sales were planned, insider selling can still weigh on sentiment. SEC Filing

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.