CoreWeave Inc. $CRWV Stock: Sumitomo Mitsui Trust Group Inc. Grows Holdings

Sumitomo Mitsui Trust Group Inc. lifted its position in CoreWeave Inc. (NASDAQ:CRWV) by 32.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 2,288,909 shares of the company’s stock after purchasing an additional 555,128 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in CoreWeave were worth $199,410,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp lifted 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. Alyeska Investment Group L.P. lifted its holdings in shares of CoreWeave by 55.7% during the second 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 during the period. Amundi lifted its holdings in shares of CoreWeave by 266.2% during the first quarter. Amundi now owns 3,284,121 shares of the company’s stock valued at $254,421,000 after acquiring an additional 2,387,337 shares during the period. Bank of New York Mellon Corp bought a new position in shares of CoreWeave during the second quarter valued at $127,936,000. Finally, Jennison Associates LLC acquired a new stake in shares of CoreWeave in the 1st quarter valued at $95,135,000.

CoreWeave Stock Performance

Shares of NASDAQ CRWV opened at $54.87 on Monday. The company has a 50-day moving average of $79.45 and a two-hundred day moving average of $91.02. CoreWeave Inc. has a 1-year low of $51.24 and a 1-year high of $138.36. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 5.53. The company has a market cap of $25.18 billion, a PE ratio of -15.03 and a beta of 7.36.

CoreWeave (NASDAQ:CRWV) last issued its earnings results 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 net margin of 25.41% and a negative return on equity of 47.95%. The company had revenue of $2.58 billion for the quarter. During the same period last year, the business posted ($0.27) EPS. The firm’s revenue for the quarter was up 112.5% compared to the same quarter last year. As a group, equities analysts expect that CoreWeave Inc. will post -4.97 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Mizuho lowered 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. Btg Pactual set a $125.00 price target on shares of CoreWeave in a report on Monday, September 21st. The Goldman Sachs Group upgraded shares of CoreWeave from a “neutral” rating to a “buy” rating and set a $106.00 price target on the stock in a research report on Monday, October 19th. Needham & Company LLC reaffirmed a “hold” rating on shares of CoreWeave in a research note on Thursday, August 13th. Finally, BTIG Research assumed coverage on shares of CoreWeave in a research note on Wednesday, July 22nd. They issued a “buy” rating for the company. Twenty-seven investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $130.24.

Insider Activity

In other CoreWeave news, CRO Jonathan Jones sold 21,569 shares of the firm’s stock in a transaction that occurred on Tuesday, October 13th. The stock was sold at an average price of $77.42, for a total value of $1,669,871.98. Following the completion of the transaction, the executive directly owned 5,392 shares in the company, valued at $417,448.64. This trade represents a 80.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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. Also, insider Brian M. Venturo sold 65,616 shares of the company’s stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $87.69, for a total transaction of $5,753,867.04. Following the sale, the insider directly owned 302,526 shares in the company, valued at $26,528,504.94. This trade represents a 17.82% decrease in their ownership of the stock. 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. In the last ninety days, insiders sold 4,545,101 shares of company stock worth $412,905,249. Corporate insiders own 24.20% of the company’s stock.

CoreWeave News Summary

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave is adding AI-cloud capacity in Denmark and building a dedicated backbone connecting Europe with customers in the Middle East and Asia-Pacific. Management says the expanded platform will serve enterprise AI clients across four continents, supporting the company’s long-term growth strategy. CoreWeave Adds Denmark Capacity to Its Global AI Cloud Platform
• Positive Sentiment: A bullish investment analysis highlights CoreWeave’s potentially rapid growth as demand for AI computing expands, though the opportunity is framed as most suitable for aggressive investors because of the company’s risk profile. CoreWeave’s Meteoric Growth Potential
• Neutral Sentiment: Analysts continue to rate CoreWeave around “Moderate Buy,” while comparisons with Microsoft emphasize CRWV’s greater upside potential but also substantially higher risk, debt and concentration. CoreWeave Rated Moderate Buy
• Negative Sentiment: AI-cloud stocks sold off as investors questioned whether major technology companies will continue spending aggressively on outside computing capacity. Microsoft’s lower-than-expected capital expenditures intensified concerns about AI infrastructure demand, data-center delivery timelines and future revenue growth for neocloud providers. Why Neocloud Stocks Are Falling After Microsoft’s Capex Miss
• Negative Sentiment: Comments attributed to Microsoft CEO Satya Nadella criticizing business models dependent on renting AI capacity to a small number of large customers raised concerns about CoreWeave’s customer concentration and business durability. Satya Nadella Just Took a Shot at Oracle and CoreWeave
• Negative Sentiment: Reports that CoreWeave’s debt prices have weakened sharply are fueling fears about refinancing and potential default risk. The company’s leveraged balance sheet makes higher interest costs, slower customer demand or delayed data-center deployments particularly damaging. Elon Musk vs. Jensen Huang: Who Is Right About CoreWeave?
• Negative Sentiment: A shareholder litigation firm said it is investigating potential claims involving CoreWeave’s officers and directors, adding a legal and reputational risk overhang. Investor Action Notice Regarding CoreWeave

CoreWeave Company Profile

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.