Candriam S.C.A. Makes New Investment in CoreWeave Inc. $CRWV

Candriam S.C.A. acquired a new stake in shares of CoreWeave Inc. (NASDAQ:CRWV) in the first quarter, Holdings Channel reports. The fund acquired 14,236 shares of the company’s stock, valued at approximately $1,103,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. KERR FINANCIAL PLANNING Corp purchased a new position in shares of CoreWeave in the third quarter worth approximately $27,000. Pin Oak Investment Advisors Inc. purchased a new stake in shares of CoreWeave in the 3rd quarter valued at approximately $34,000. Cornerstone Planning Group LLC lifted its position in shares of CoreWeave by 272.8% in the 4th quarter. Cornerstone Planning Group LLC now owns 343 shares of the company’s stock valued at $25,000 after acquiring an additional 251 shares in the last quarter. Cullen Frost Bankers Inc. boosted its stake in CoreWeave by 45.8% in the 4th quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock worth $28,000 after purchasing an additional 121 shares during the period. Finally, Greenline Wealth Management LLC acquired a new position in CoreWeave in the 4th quarter worth approximately $28,000.

Analysts Set New Price Targets

CRWV has been the topic of several recent analyst reports. Evercore reissued an “outperform” rating and set a $150.00 target price on shares of CoreWeave in a research note on Wednesday, April 15th. Barclays raised their target price on CoreWeave from $106.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Monday, May 11th. Roth Capital reissued a “buy” rating and set a $150.00 price target on shares of CoreWeave in a research report on Friday, May 8th. Wells Fargo & Company increased their price objective on CoreWeave from $135.00 to $155.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. Finally, Truist Financial raised their price objective on CoreWeave from $85.00 to $131.00 and gave the stock a “hold” rating in a research report on Friday, May 8th. Twenty-one investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $139.69.

Key CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Some analysts and articles still highlight CoreWeave’s expanding backlog, AI cloud platform, and long-term power agreements as reasons the stock could have upside if growth continues. CRWV vs. MSFT: Which AI Cloud Stock Has More Growth Potential?
• Positive Sentiment: Ark Invest reportedly added to its CoreWeave position, signaling some institutional confidence despite the recent selloff. CoreWeave (CRWV) Stock Faces Meta Compute Threat As Ark Invest Adds Shares
• Neutral Sentiment: Mizuho lowered its price target on CoreWeave to $100 from $110 and kept a neutral rating, reflecting a more cautious but not outright bearish view. Benzinga report on Mizuho price target cut
• Neutral Sentiment: CoreWeave is reportedly exploring derivatives to hedge memory-chip price risk, which could help stabilize costs but also underscores exposure to volatile hardware pricing. AI cloud company CoreWeave explores Wall Street playbook to hedge memory-chip price risk
• Neutral Sentiment: A valuation-focused article argues the stock’s sharp decline has made the shares look cheaper, but notes the valuation case is mixed because of high debt, customer concentration, and legal risk. Is CoreWeave (CRWV) Cheap After A 43% Drop?
• Negative Sentiment: New competition from Meta’s “Meta Compute” cloud AI offering has raised concerns that one of CoreWeave’s key customers could also become a rival. CoreWeave (CRWV) Stock Faces Meta Compute Threat As Ark Invest Adds Shares
• Negative Sentiment: Reuters reported that CoreWeave is considering hedging memory-chip price risk, highlighting concerns about input-cost volatility in its AI infrastructure business. AI cloud company CoreWeave explores Wall Street playbook to hedge memory-chip price risk
• Negative Sentiment: Investor lawsuits and reports of mounting concerns around AI infrastructure demand, chip issues, and customer concentration are adding to bearish sentiment. Long Term Investors in CoreWeave, Inc. shares should contact the Shareholders Foundation in connection with Lawsuit

CoreWeave Trading Down 3.5%

CoreWeave stock opened at $77.12 on Thursday. CoreWeave Inc. has a 12 month low of $63.80 and a 12 month high of $153.20. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 3.68. The stock has a market cap of $34.52 billion, a P/E ratio of -24.80 and a beta of 7.17. The company’s fifty day simple moving average is $102.32 and its 200-day simple moving average is $95.37.

CoreWeave (NASDAQ:CRWV) last announced its quarterly earnings data 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 return on equity of 43.07% and a negative net margin of 25.57%.The company’s quarterly revenue was up 111.6% compared to the same quarter last year. During the same period last year, the company posted ($0.60) EPS. As a group, sell-side analysts forecast that CoreWeave Inc. will post -4.57 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Brian M. Venturo sold 1,125,000 shares of the firm’s stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $115.93, for a total transaction of $130,421,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Magnetar Financial Llc sold 1,284,876 shares of CoreWeave stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $119.91, for a total value of $154,069,481.16. Following the sale, the insider owned 264,061 shares of the company’s stock, valued at approximately $31,663,554.51. This represents a 82.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 22,497,827 shares of company stock valued at $2,631,635,257 in the last three months. Insiders own 24.20% of the company’s stock.

CoreWeave Profile

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.