PensionDanmark Pensionsforsikringsaktieselskab Has $2.11 Million Holdings in CoreWeave Inc. $CRWV

PensionDanmark Pensionsforsikringsaktieselskab lessened its position in shares of CoreWeave Inc. (NASDAQ:CRWV) by 31.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,241 shares of the company’s stock after selling 9,807 shares during the period. PensionDanmark Pensionsforsikringsaktieselskab’s holdings in CoreWeave were worth $2,114,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. 180 Wealth Advisors LLC lifted its holdings in shares of CoreWeave by 1.4% in the second quarter. 180 Wealth Advisors LLC now owns 33,137 shares of the company’s stock valued at $3,298,000 after purchasing an additional 466 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of CoreWeave by 1,558.7% during the second quarter. GAMMA Investing LLC now owns 1,045 shares of the company’s stock worth $104,000 after buying an additional 982 shares in the last quarter. CoreCap Advisors LLC grew its holdings in shares of CoreWeave by 65.7% during the second quarter. CoreCap Advisors LLC now owns 3,610 shares of the company’s stock worth $359,000 after buying an additional 1,432 shares in the last quarter. Western Wealth Management LLC acquired a new stake in CoreWeave in the 1st quarter valued at approximately $300,000. Finally, Empowered Funds LLC raised its position in CoreWeave by 4.1% in the 1st quarter. Empowered Funds LLC now owns 7,251 shares of the company’s stock valued at $562,000 after buying an additional 288 shares during the last quarter.

Insiders Place Their Bets

In other news, insider Brian M. Venturo sold 375,000 shares of CoreWeave stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $101.24, for a total transaction of $37,965,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael N. Intrator sold 278,560 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $97.43, for a total value of $27,140,100.80. Following the transaction, the chief executive officer directly owned 3,138,612 shares in the company, valued at $305,794,967.16. The trade was a 8.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Insiders have sold a total of 9,036,105 shares of company stock valued at $896,789,395 over the last 90 days. 24.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CRWV. TD Cowen raised CoreWeave to a “buy” rating in a research report on Wednesday, July 22nd. Jefferies Financial Group downgraded shares of CoreWeave from a “buy” rating to a “hold” rating in a report on Wednesday, July 22nd. JPMorgan Chase & Co. boosted their price objective 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. Weiss Ratings upgraded shares of CoreWeave from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, June 24th. Finally, Robert W. Baird began coverage on shares of CoreWeave in a research report on Tuesday, July 21st. They issued an “outperform” rating and a $100.00 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $136.67.

CoreWeave Trading Down 2.7%

Shares of NASDAQ:CRWV opened at $88.19 on Tuesday. CoreWeave Inc. has a 52-week low of $60.55 and a 52-week high of $153.20. The company has a market capitalization of $39.47 billion, a P/E ratio of -28.36 and a beta of 7.45. The company has a 50-day simple moving average of $91.08 and a 200 day simple moving average of $94.76. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.31 and a current ratio of 0.31.

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.