Investment Management Corp of Ontario Sells 903,262 Shares of CoreWeave Inc. $CRWV

Investment Management Corp of Ontario trimmed its holdings in CoreWeave Inc. (NASDAQ:CRWV) by 53.7% in the fourth quarter, HoldingsChannel reports. The fund owned 778,518 shares of the company’s stock after selling 903,262 shares during the period. CoreWeave makes up 0.7% of Investment Management Corp of Ontario’s investment portfolio, making the stock its 17th biggest position. Investment Management Corp of Ontario’s holdings in CoreWeave were worth $55,750,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. KERR FINANCIAL PLANNING Corp bought a new stake in shares of CoreWeave in the 3rd quarter worth approximately $27,000. Rothschild Investment LLC lifted its holdings in shares of CoreWeave by 10,700.0% in the 3rd quarter. Rothschild Investment LLC now owns 216 shares of the company’s stock worth $30,000 after acquiring an additional 214 shares during the last quarter. Marshall & Sterling Wealth Advisors Inc. bought a new stake in shares of CoreWeave in the 3rd quarter worth approximately $30,000. Pin Oak Investment Advisors Inc. bought a new stake in shares of CoreWeave in the 3rd quarter worth approximately $34,000. Finally, Cornerstone Planning Group LLC lifted its holdings in shares of CoreWeave by 272.8% in the 4th quarter. Cornerstone Planning Group LLC now owns 343 shares of the company’s stock worth $25,000 after acquiring an additional 251 shares during the last quarter.

CoreWeave Stock Down 1.6%

Shares of NASDAQ CRWV opened at $115.21 on Thursday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 3.68. CoreWeave Inc. has a 12 month low of $63.80 and a 12 month high of $187.00. The firm has a market capitalization of $51.56 billion, a PE ratio of -37.04 and a beta of 7.14. The firm has a fifty day simple moving average of $109.72 and a two-hundred day simple moving average of $93.38.

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

Insiders Place Their Bets

In other CoreWeave news, insider Brian M. Venturo sold 1,125,000 shares of the company’s stock in a transaction on Monday, April 6th. The shares were sold at an average price of $80.86, for a total value of $90,967,500.00. Following the completion of the transaction, the insider directly owned 285,327 shares in the company, valued at approximately $23,071,541.22. This represents a 79.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Magnetar Financial Llc sold 1,404,667 shares of the company’s stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $118.30, for a total transaction of $166,172,106.10. Following the completion of 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. In the last ninety days, insiders sold 27,628,694 shares of company stock worth $3,125,766,052.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of CoreWeave in a report on Monday, May 4th. Cantor Fitzgerald restated an “overweight” rating and issued a $167.00 price objective on shares of CoreWeave in a report on Thursday, June 11th. Wells Fargo & Company upped their price target on shares of CoreWeave from $135.00 to $155.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Sanford C. Bernstein reiterated an “underperform” rating on shares of CoreWeave in a report on Thursday, June 11th. Finally, Citizens Jmp reiterated a “market outperform” rating and set a $180.00 price target on shares of CoreWeave in a report on Friday, February 27th. Twenty investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $131.52.

CoreWeave News Summary

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave’s inclusion in the Nasdaq-100 is expected to drive passive fund buying and has reinforced bullish momentum in the stock. CoreWeave (CRWV) to Join Nasdaq-100, Soars 9.67%
• Positive Sentiment: Analysts and commentary from Cantor Fitzgerald suggest CoreWeave could beat expectations on second-quarter backlog, supporting the view that demand for its AI infrastructure remains strong. CoreWeave Insider Sales Look Big, But Should Investors Worry?
• Positive Sentiment: CoreWeave also announced record MLPerf training results, including very fast DeepSeek-V3 training on its infrastructure, which may bolster its credibility as a leading AI cloud provider. CoreWeave Sets New AI Training Records in MLPerf® Training v6.0, Training DeepSeek-V3 in Approximately Two Minutes
• Neutral Sentiment: Some coverage argues the stock is already richly valued and points to heavy capex and operating expenses, which could limit upside if growth slows. CoreWeave: Pressured By Both Opex And Capex
• Negative Sentiment: Recent short-seller warnings and articles comparing today’s AI spending boom to past bubbles have raised caution across the AI infrastructure group, including CoreWeave. Legendary Short Seller Jim Chanos Issues Dire Prediction: “We Have the Same Setup” As the Dot-Com Crash. Here’s How the AI Bull Market Ends
• Negative Sentiment: Insider selling has also drawn attention, especially the large dollar value of founder and executive sales, even though they were made under prearranged 10b5-1 plans. CoreWeave Insider Sales Look Big, But Should Investors Worry?

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.