18,551 Shares of CoreWeave Inc. $CRWV Purchased by Canvas Wealth Advisors LLC

Canvas Wealth Advisors LLC acquired a new position in shares of CoreWeave Inc. (NASDAQ:CRWV) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 18,551 shares of the company’s stock, valued at approximately $1,616,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC increased its holdings in CoreWeave by 14.6% in the third quarter. International Assets Investment Management LLC now owns 55,789 shares of the company’s stock valued at $4,941,000 after buying an additional 7,121 shares during the last quarter. Allegiance Financial Group Advisory Services LLC acquired a new position in shares of CoreWeave during the 3rd quarter worth about $232,000. Alta Advisers Ltd purchased a new position in shares of CoreWeave in the 3rd quarter valued at about $229,000. Westside Investment Management Inc. raised its position in shares of CoreWeave by 22.6% during the 3rd quarter. Westside Investment Management Inc. now owns 4,890 shares of the company’s stock worth $432,000 after acquiring an additional 900 shares in the last quarter. Finally, Principle Wealth Partners LLC raised its position in shares of CoreWeave by 9.4% during the 3rd quarter. Principle Wealth Partners LLC now owns 32,770 shares of the company’s stock worth $2,855,000 after acquiring an additional 2,820 shares in the last quarter.

Key CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Better-than-expected results from other AI-cloud companies helped spark a sector relief rally, lifting CoreWeave after Thursday’s losses. Article: Cloudflare and IREN earnings spark an AI-cloud rebound
• Positive Sentiment: Investors are looking to strong AI demand, a reported $104 billion backlog and expanding infrastructure as potential supports for CoreWeave’s Q3 results. Article: CRWV poised for a Q3 earnings beat
• Neutral Sentiment: Q3 expectations point to rapid growth—guidance implies roughly 158% year-over-year revenue growth—but an adjusted operating margin of about 6.5% would underscore that growth is not yet translating into robust profitability. Article: CoreWeave stock is no bargain—earnings preview
• Negative Sentiment: CoreWeave’s bond yield has topped 16%, signaling heightened concern about the cost of financing its infrastructure expansion. High leverage and a 0.46 current ratio add to refinancing and liquidity risks. Article: CoreWeave bond yield tops 16%
• Negative Sentiment: Investors are also weighing possible tighter rules and slower permitting for data centers, including in Texas, a key market for infrastructure growth. Article: Is CoreWeave facing a growth squeeze from data-center rules?
• Negative Sentiment: A broader pullback in AI and data-center stocks, alongside an analyst downgrade and a price-target cut, has added pressure ahead of earnings. Article: AI stocks hammered as data-center concerns rise

Insider Transactions at CoreWeave

In other news, CEO Michael N. Intrator sold 200,000 shares of CoreWeave stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $89.18, for a total value of $17,836,000.00. Following the transaction, the chief executive officer directly owned 1,876,815 shares of the company’s stock, valued at $167,374,361.70. The trade was a 9.63% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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 the company’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $81.63, for a total transaction of $12,734,280.00. Following the completion of the sale, the insider owned 123,313 shares of the company’s stock, valued at approximately $10,066,040.19. This trade represents a 55.85% 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. Over the last ninety days, insiders have sold 4,231,708 shares of company stock worth $383,236,223. Insiders own 24.20% of the company’s stock.

CoreWeave Stock Performance

NASDAQ:CRWV traded up $2.74 during mid-day trading on Friday, reaching $46.40. 59,273,176 shares of the stock were exchanged, compared to its average volume of 61,954,176. The stock has a market capitalization of $21.29 billion, a P/E ratio of -12.71 and a beta of 7.71. CoreWeave Inc. has a 1 year low of $40.58 and a 1 year high of $138.25. The company has a 50 day simple moving average of $75.56 and a 200-day simple moving average of $89.88. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 5.53.

CoreWeave (NASDAQ:CRWV) last issued its quarterly earnings data on Tuesday, August 11th. The company reported ($1.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.52) by $0.38. The company had revenue of $2.58 billion during the quarter. CoreWeave had a negative return on equity of 47.95% and a negative net margin of 25.41%. CoreWeave’s quarterly revenue was up 112.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.27) EPS. Analysts anticipate that CoreWeave Inc. will post -4.97 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CRWV shares. UBS Group decreased their target price on CoreWeave from $120.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, October 23rd. Rosenblatt Securities restated a “buy” rating and set a $250.00 price objective on shares of CoreWeave in a research report on Thursday, October 1st. Needham & Company LLC restated a “hold” rating on shares of CoreWeave in a report on Thursday, August 13th. Wells Fargo & Company upped their target price on shares of CoreWeave from $155.00 to $160.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. Finally, William Blair assumed coverage on shares of CoreWeave in a research report on Wednesday, September 30th. They issued an “outperform” rating on the stock. Twenty-seven research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $129.41.

About CoreWeave

CoreWeave is a cloud computing company that provides infrastructure for artificial intelligence, machine learning, and other compute-intensive workloads. Its services include access to graphics processing units (GPUs), cloud storage and networking, and software tools for deploying and managing workloads.

The company was founded in 2017 as a cryptocurrency mining business and later shifted its focus to cloud computing. CoreWeave is headquartered in Livingston, New Jersey, and operates data center infrastructure in the United States and Europe, serving customers that need large-scale computing resources.

Co-founder Michael Intrator serves as CoreWeave’s chief executive officer.