CoreWeave Inc. $CRWV Stock: Lake Street Private Wealth LLC Boosts Position

Lake Street Private Wealth LLC lifted its position in CoreWeave Inc. (NASDAQ:CRWV) by 42.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 43,353 shares of the company’s stock after buying an additional 12,885 shares during the quarter. Lake Street Private Wealth LLC’s holdings in CoreWeave were worth $3,777,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CRWV. Alyeska Investment Group L.P. grew its position in CoreWeave by 55.7% in the 2nd quarter. Alyeska Investment Group L.P. now owns 10,891,267 shares of the company’s stock valued at $1,084,117,000 after acquiring an additional 3,897,741 shares in the last quarter. State Street Corp increased its stake in CoreWeave by 139.7% during the second quarter. State Street Corp now owns 7,058,846 shares of the company’s stock worth $702,638,000 after purchasing an additional 4,113,873 shares during the period. Bank of America Corp DE increased its stake in CoreWeave by 13.1% during the first quarter. Bank of America Corp DE now owns 5,652,129 shares of the company’s stock worth $437,870,000 after purchasing an additional 653,398 shares during the period. Amundi lifted its position in shares of CoreWeave by 266.2% during the first quarter. Amundi now owns 3,284,121 shares of the company’s stock worth $254,421,000 after purchasing an additional 2,387,337 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of CoreWeave by 64.7% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,415,103 shares of the company’s stock worth $140,859,000 after purchasing an additional 555,999 shares in the last quarter.

CoreWeave Price Performance

CRWV stock opened at $55.60 on Friday. The company has a debt-to-equity ratio of 5.53, a current ratio of 0.46 and a quick ratio of 0.46. The firm has a market capitalization of $25.51 billion, a P/E ratio of -15.23 and a beta of 7.36. The business’s 50-day moving average is $83.97 and its two-hundred day moving average is $94.04. CoreWeave Inc. has a 1 year low of $53.50 and a 1 year high of $141.79.

CoreWeave (NASDAQ:CRWV) last announced its quarterly earnings data on Tuesday, August 11th. The company reported ($1.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.52) by $0.38. CoreWeave had a negative return on equity of 47.95% and a negative net margin of 25.41%. The business had revenue of $2.58 billion during the quarter. During the same quarter in the previous year, the business posted ($0.27) EPS. The business’s quarterly revenue was up 112.5% compared to the same quarter last year. Analysts anticipate that CoreWeave Inc. will post -4.95 earnings per share for the current fiscal year.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Growth outlook remains strong. Bank of America maintained its Buy rating and $140 price target, forecasting third-quarter revenue growth of 168% year over year as new data-center capacity comes online. CoreWeave capacity expansion to drive revenue growth, Bank of America says
• Positive Sentiment: Some industry executives and analysts remain constructive. Blackstone’s Jon Gray said CoreWeave can “find a way through” its financing challenges, while Nvidia CEO Jensen Huang and SpaceX-related commentary supported the view that demand for AI computing remains durable. One analyst also disclosed adding to a CoreWeave position. Blackstone’s Jon Gray says CoreWeave can find a way through financing pressure
• Neutral Sentiment: Analyst views are sharply divided. While Bernstein became more bearish and cut its price target, other analysts continue to argue that the stock may be approaching fair value after a major decline. This disagreement is likely to keep CRWV highly volatile ahead of third-quarter results expected in early November. Wall Street’s big CoreWeave stock bear is now even more bearish
• Negative Sentiment: Financing concerns are driving the selloff. Bernstein estimated CoreWeave could face a $76 billion funding gap—more than triple Goldman Sachs’ estimate—raising questions about how the company will fund its planned infrastructure buildout. Bernstein puts CoreWeave’s funding gap at $76 billion
• Negative Sentiment: Credit-market stress has intensified. CoreWeave’s bonds have moved into distressed territory, credit-default-swap spreads reportedly exceeded 1,000 basis points, and debt due in 2032 traded at a yield as high as 9.625%. Investors fear expensive refinancing, weaker liquidity and the possibility that debt-funded growth may not generate returns quickly enough. The Neocloud Bloodbath: NBIS, IREN, and CRWV Selloff Continues

Analysts Set New Price Targets

Several research analysts have recently commented on CRWV shares. Needham & Company LLC reissued a “hold” rating on shares of CoreWeave in a research note on Thursday, August 13th. Sanford C. Bernstein upgraded shares of CoreWeave from a “strong sell” rating to a “hold” rating in a report on Monday. HSBC reaffirmed a “reduce” rating and set a $39.00 target price on shares of CoreWeave in a research note on Tuesday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $150.00 target price on shares of CoreWeave in a report on Friday, August 7th. Finally, Mizuho reduced their target price on shares of CoreWeave from $115.00 to $88.00 and set a “neutral” rating on the stock in a report on Thursday, October 15th. Twenty-five investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $131.57.

Insider Transactions at CoreWeave

In related news, insider Brian Venturo sold 65,616 shares of CoreWeave stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $87.69, for a total value of $5,753,867.04. Following the completion of the transaction, the insider owned 302,526 shares in the company, valued at $26,528,504.94. The trade was a 17.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Brannin Mcbee sold 56,531 shares of the business’s stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $87.69, for a total transaction of $4,957,203.39. Following the transaction, the insider owned 392,279 shares of the company’s stock, valued at $34,398,945.51. This trade represents a 12.60% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 5,352,578 shares of company stock valued at $471,777,344 over the last quarter. Insiders own 24.20% of the company’s stock.

About CoreWeave

CoreWeave, Inc is a specialized cloud computing company that provides infrastructure designed for artificial intelligence (AI), machine learning, and other high-performance computing workloads. Its platform gives customers access to accelerated computing resources, including graphics processing units (GPUs), along with the networking, storage, and software tools needed to develop, train, and deploy demanding applications.

The company offers cloud services for AI model training and inference, visual effects and rendering, scientific computing, and other data-intensive workloads.