Van ECK Associates Corp Purchases New Shares in CoreWeave Inc. $CRWV

Van ECK Associates Corp purchased a new position in CoreWeave Inc. (NASDAQ:CRWV) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 16,382 shares of the company’s stock, valued at approximately $1,631,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Proficio Capital Partners LLC increased its stake in shares of CoreWeave by 446,194.0% during the third quarter. Proficio Capital Partners LLC now owns 17,851,760 shares of the company’s stock worth $2,443,013,000 after purchasing an additional 17,847,760 shares in the last quarter. Deutsche Bank AG boosted its holdings in CoreWeave by 22,624.0% in the 4th quarter. Deutsche Bank AG now owns 3,812,856 shares of the company’s stock worth $273,039,000 after buying an additional 3,796,077 shares during the last quarter. Altimeter Capital Management LP purchased a new stake in CoreWeave during the 4th quarter worth approximately $230,099,000. Alyeska Investment Group L.P. raised its holdings in shares of CoreWeave by 300.0% during the fourth quarter. Alyeska Investment Group L.P. now owns 4,000,000 shares of the company’s stock valued at $286,440,000 after acquiring an additional 3,000,000 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of CoreWeave by 55,329.7% during the third quarter. Invesco Ltd. now owns 2,999,300 shares of the company’s stock valued at $410,454,000 after acquiring an additional 2,993,889 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CRWV shares. BNP Paribas Exane assumed coverage on CoreWeave in a research note on Tuesday, June 2nd. They issued an “outperform” rating and a $192.00 price target on the stock. Rosenblatt Securities reissued a “buy” rating and issued a $250.00 price objective on shares of CoreWeave in a research note on Wednesday, August 12th. Mizuho raised their price objective on CoreWeave from $100.00 to $115.00 and gave the company a “neutral” rating in a report on Wednesday, August 12th. Citigroup lifted their target price on shares of CoreWeave from $142.00 to $159.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. Finally, BTIG Research initiated coverage on shares of CoreWeave in a report on Wednesday, July 22nd. They set a “buy” rating for the company. Twenty-one analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $141.90.

Insider Activity

In related news, CEO Michael N. Intrator sold 200,000 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $81.66, for a total transaction of $16,332,000.00. Following the completion of the sale, the chief executive officer directly owned 1,287,129 shares in the company, valued at approximately $105,106,954.14. This trade represents a 13.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Kristen J. Mcveety sold 156,000 shares of CoreWeave stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $81.63, for a total transaction of $12,734,280.00. Following the transaction, the insider directly owned 123,313 shares in the company, valued at $10,066,040.19. This trade represents a 55.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 7,610,159 shares of company stock worth $705,653,344. Company insiders own 24.20% of the company’s stock.

CoreWeave Stock Performance

Shares of CoreWeave stock opened at $89.36 on Friday. CoreWeave Inc. has a one year low of $60.55 and a one year high of $153.20. The company has a market cap of $41.00 billion, a price-to-earnings ratio of -24.48 and a beta of 7.45. The company has a debt-to-equity ratio of 5.53, a quick ratio of 0.46 and a current ratio of 0.46. The business’s 50 day moving average price is $85.33 and its 200 day moving average price is $94.40.

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 return on equity of 47.95% and a negative net margin of 25.41%.The company had revenue of $2.58 billion during the quarter. During the same quarter in the previous year, the company earned ($0.27) earnings per share. The firm’s quarterly revenue was up 112.5% compared to the same quarter last year. On average, research analysts predict that CoreWeave Inc. will post -5.19 EPS for the current year.

Key Stories Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave will participate in the Goldman Sachs Communacopia + Technology Conference on September 8, where CEO Michael Intrator is scheduled to speak. The event could provide investors with updates on demand, capacity expansion and financial guidance. CoreWeave to Participate in the Goldman Sachs Communacopia + Technology Conference
• Positive Sentiment: Rescale selected CoreWeave Cloud for demanding AI and simulation workloads, expanding CoreWeave’s reach among engineering and research customers. The partnership reinforces the company’s growth narrative, although one analysis argued the stock could be about 21% overvalued after the deal. CoreWeave Could Be 21% Overvalued After the Rescale Cloud Deal
• Positive Sentiment: Jim Cramer identified CoreWeave as his preferred neocloud company, providing favorable visibility for CRWV among retail investors despite competition from IREN and Nebius. Jim Cramer Backs CoreWeave
• Neutral Sentiment: Goldman Sachs said the AI spending cycle may still be in its early stages, supporting the long-term market opportunity for CoreWeave but cautioning that future winners may differ from the stocks that led the initial AI rally. Goldman Sachs Says the AI Trade Is Barely Started
• Negative Sentiment: CEO Michael Intrator sold 307,692 shares for approximately $25.1 million, and insider Kristen McVeety sold 156,000 shares for about $12.7 million. The trades were made under pre-arranged Rule 10b5-1 plans, but their size may weigh on sentiment. CoreWeave SEC Insider Sale Filing
• Negative Sentiment: Analysts continue to highlight CoreWeave’s heavy financing burden: quarterly interest expense reportedly approached four times operating income, while the company’s debt-to-equity ratio remains elevated. OpenAI CEO Sam Altman’s warning about potentially unsustainable neocloud expansion adds further risk to the growth outlook. CoreWeave’s Interest Bill Is Nearly 4x Operating Income

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.