Jones Financial Companies Lllp Has $14.41 Million Position in CoreWeave Inc. $CRWV

Jones Financial Companies Lllp boosted its position in CoreWeave Inc. (NASDAQ:CRWV) by 33.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 149,241 shares of the company’s stock after acquiring an additional 37,104 shares during the quarter. Jones Financial Companies Lllp’s holdings in CoreWeave were worth $14,414,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Sivia Capital Partners LLC acquired a new position in CoreWeave during the second quarter worth about $39,824,000. Quantbot Technologies LP bought a new position in shares of CoreWeave in the 2nd quarter valued at $311,000. Invesco Ltd. acquired a new stake in shares of CoreWeave during the 2nd quarter valued at $882,000. First Trust Advisors LP acquired a new stake in shares of CoreWeave during the 2nd quarter valued at $20,260,000. Finally, Baird Financial Group Inc. acquired a new position in CoreWeave in the 2nd quarter worth about $455,000.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Robert W. Baird upped their price target on shares of CoreWeave from $100.00 to $130.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 price objective on shares of CoreWeave in a research note on Wednesday, August 12th. The Goldman Sachs Group increased their target price on shares of CoreWeave from $121.00 to $139.00 and gave the company a “neutral” rating in a research report on Friday. Wells Fargo & Company boosted their price objective on CoreWeave from $155.00 to $160.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. Finally, Mizuho lifted their price objective on shares of CoreWeave from $100.00 to $115.00 and gave the company a “neutral” rating in a research note on Wednesday, August 12th. Twenty-one equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $141.90.

CoreWeave Trading Down 1.8%

NASDAQ CRWV opened at $86.25 on Tuesday. The firm has a market capitalization of $39.58 billion, a P/E ratio of -23.63 and a beta of 7.45. The business has a fifty day simple moving average of $89.59 and a 200 day simple moving average of $94.76. CoreWeave Inc. has a 12 month low of $60.55 and a 12 month high of $153.20. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 5.53.

CoreWeave (NASDAQ:CRWV) last posted its quarterly earnings data on Tuesday, August 11th. The company reported ($1.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.52) by $0.38. The firm had revenue of $2.58 billion for the quarter. CoreWeave had a negative net margin of 25.41% and a negative return on equity of 47.95%. CoreWeave’s revenue was up 112.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.27) earnings per share. On average, analysts predict that CoreWeave Inc. will post -5.17 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Michael N. Intrator sold 278,560 shares of the business’s stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $97.43, for a total value of $27,140,100.80. Following the transaction, the chief executive officer owned 3,138,612 shares in the company, valued at $305,794,967.16. The trade was a 8.15% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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, Director Jack D. Cogen sold 642,307 shares of the company’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $106.32, for a total value of $68,290,080.24. Following the completion of the transaction, the director directly owned 9,040,829 shares of the company’s stock, valued at approximately $961,220,939.28. This represents a 6.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 8,235,201 shares of company stock worth $802,446,933. 24.20% of the stock is owned by insiders.

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.