CoreWeave Inc. $CRWV Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC increased its holdings in CoreWeave Inc. (NASDAQ:CRWV) by 166.1% during the first quarter, Holdings Channel reports. The firm owned 876,527 shares of the company’s stock after purchasing an additional 547,170 shares during the period. SG Americas Securities LLC’s holdings in CoreWeave were worth $67,905,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. KERR FINANCIAL PLANNING Corp bought a new stake in CoreWeave during the third quarter worth approximately $27,000. Pin Oak Investment Advisors Inc. bought a new position in shares of CoreWeave in the third quarter valued at $34,000. Cornerstone Planning Group LLC increased its holdings 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 buying an additional 251 shares in the last quarter. Cullen Frost Bankers Inc. lifted its position in shares of CoreWeave by 45.8% during the 4th quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock valued at $28,000 after acquiring an additional 121 shares during the last quarter. Finally, Greenline Wealth Management LLC acquired a new stake in shares of CoreWeave during the 4th quarter valued at $28,000.

CoreWeave Trading Down 5.6%

NASDAQ CRWV opened at $111.29 on Tuesday. CoreWeave Inc. has a twelve month low of $63.80 and a twelve month high of $183.98. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a market cap of $49.81 billion, a price-to-earnings ratio of -35.78 and a beta of 7.14. The firm’s 50 day moving average price is $111.34 and its two-hundred day moving average price is $94.23.

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

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Needham & Company LLC restated a “hold” rating on shares of CoreWeave in a report on Friday, February 27th. Roth Mkm reaffirmed a “buy” rating and set a $150.00 target price on shares of CoreWeave in a report on Friday, May 8th. Wolfe Research began coverage on CoreWeave in a research report on Thursday, April 16th. They issued an “outperform” rating and a $150.00 price target for the company. Citigroup lifted their price target on CoreWeave from $155.00 to $158.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Finally, Oppenheimer boosted their price objective on CoreWeave from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Twenty equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, CoreWeave presently has an average rating of “Moderate Buy” and a consensus price target of $131.52.

Insider Activity

In related news, 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 transaction, the insider directly owned 282,570 shares of the company’s stock, valued at approximately $33,428,031. The trade was a 83.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian M. Venturo sold 1,125,000 shares of the stock in a transaction dated Monday, April 6th. The stock was sold at an average price of $80.86, for a total value of $90,967,500.00. Following the completion of the sale, the insider directly owned 285,327 shares of the company’s stock, valued at approximately $23,071,541.22. This represents a 79.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 27,905,074 shares of company stock worth $3,163,836,081.

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.