CoreWeave Inc. $CRWV Stake Raised by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its holdings in shares of CoreWeave Inc. (NASDAQ:CRWV) by 70.2% during the third quarter, Holdings Channel.com reports. The firm owned 64,425 shares of the company’s stock after acquiring an additional 26,582 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in CoreWeave were worth $5,613,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of CRWV. State Street Corp grew its stake in shares of CoreWeave by 139.7% in the 2nd quarter. State Street Corp now owns 7,058,846 shares of the company’s stock worth $702,638,000 after buying an additional 4,113,873 shares in the last quarter. Alyeska Investment Group L.P. raised its position in shares of CoreWeave by 55.7% during the 2nd quarter. Alyeska Investment Group L.P. now owns 10,891,267 shares of the company’s stock valued at $1,084,117,000 after buying an additional 3,897,741 shares in the last quarter. Amundi raised its position in shares of CoreWeave by 266.2% during the 1st quarter. Amundi now owns 3,284,121 shares of the company’s stock valued at $254,421,000 after buying an additional 2,387,337 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of CoreWeave in the 2nd quarter valued at about $127,936,000. Finally, Jennison Associates LLC bought a new position in shares of CoreWeave in the 1st quarter valued at about $95,135,000.

Analyst Ratings Changes

Several research analysts recently commented on the company. TD Cowen upgraded CoreWeave to a “buy” rating in a research report on Wednesday, July 22nd. Jefferies Financial Group restated a “buy” rating on shares of CoreWeave in a research report on Thursday, October 15th. Northland Securities set a $200.00 price objective on CoreWeave in a research note on Wednesday, October 7th. BNP Paribas Exane reaffirmed an “outperform” rating and issued a $117.00 price objective on shares of CoreWeave in a research note on Monday, October 19th. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of CoreWeave in a report on Monday, October 19th. Twenty-five equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $130.31.

Insider Transactions at CoreWeave

In related news, insider Brian M. Venturo sold 65,616 shares of the business’s stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $87.69, for a total transaction of $5,753,867.04. Following the completion of the transaction, the insider owned 302,526 shares in the company, valued at $26,528,504.94. The trade was a 17.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Nitin Agrawal sold 22,579 shares of the company’s stock in a transaction on Monday, October 12th. The shares were sold at an average price of $80.13, for a total value of $1,809,255.27. Following the completion of the transaction, the chief financial officer directly owned 110,017 shares in the company, valued at $8,815,662.21. This trade represents a 17.03% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 5,352,578 shares of company stock valued at $471,777,344. Company insiders own 24.20% of the company’s stock.

CoreWeave Stock Performance

CoreWeave stock opened at $54.24 on Friday. The company has a debt-to-equity ratio of 5.53, a current ratio of 0.46 and a quick ratio of 0.46. The firm has a market capitalization of $24.89 billion, a P/E ratio of -14.86 and a beta of 7.36. CoreWeave Inc. has a 1-year low of $53.50 and a 1-year high of $141.79. The company’s 50-day moving average is $82.95 and its 200 day moving average is $93.76.

CoreWeave (NASDAQ:CRWV) last announced 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 business had revenue of $2.58 billion during the quarter. During the same quarter last year, the firm earned ($0.27) EPS. The firm’s quarterly revenue was up 112.5% on a year-over-year basis. Research analysts forecast that CoreWeave Inc. will post -4.96 EPS for the current year.

Key Stories Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave’s long-term growth case remains substantial. The company reportedly has approximately $104 billion in contracted revenue, has implemented a 25% price increase and is bringing additional data-center capacity online. Bank of America maintained a Buy rating and cited the potential for a 168% year-over-year increase in third-quarter revenue. CoreWeave capacity expansion to drive revenue growth, Bank of America says
• Positive Sentiment: New enterprise products, including a Zero Trust AI Framework and Physical AI Launchables, could broaden CoreWeave’s customer base by addressing security and deployment concerns in robotics, autonomous vehicles and other advanced workloads. Does CoreWeave Change The Enterprise AI Case With New Security Tools?
• Neutral Sentiment: Some analysts and industry executives argue that the AI selloff is overdone and that demand fundamentals remain strong. However, investors are waiting for upcoming third-quarter results to determine whether revenue growth is translating into cash flow and sustainable profits. The AI Rout: Sorting CAPEX Fact From Fiction
• Negative Sentiment: Higher Treasury yields are reducing the appeal of speculative growth stocks and increasing CoreWeave’s borrowing costs. Its balance sheet is highly leveraged, with a debt-to-equity ratio above 5, while its bonds and credit-default swaps have shown signs of investor stress. Analysts have highlighted a potential $76 billion funding gap to support planned expansion. Bernstein puts CoreWeave’s funding gap at $76 billion
• Negative Sentiment: Analyst sentiment has deteriorated. Morgan Stanley reduced its price target from $99 to $70 and assigned an Equal Weight rating, while other analysts have also cut targets amid financing concerns. The downgrades are reinforcing the view that strong AI demand may not offset near-term capital and liquidity risks. Morgan Stanley lowers CoreWeave price target
• Negative Sentiment: Short sellers have profited from the selloff in AI data-center stocks, and concerns about expensive debt, large capital expenditures and uncertain returns could continue to pressure CRWV until the company demonstrates stronger free cash flow. Short Sellers Just Made $6 Billion Betting Against AI Data Center Stocks

CoreWeave Profile

CoreWeave, Inc is a specialized cloud computing company that provides infrastructure designed for artificial intelligence (AI), machine learning, and other high-performance computing workloads. Its platform gives customers access to accelerated computing resources, including graphics processing units (GPUs), along with the networking, storage, and software tools needed to develop, train, and deploy demanding applications.

The company offers cloud services for AI model training and inference, visual effects and rendering, scientific computing, and other data-intensive workloads.