30,993 Shares in CoreWeave Inc. $CRWV Bought by AE Wealth Management LLC

AE Wealth Management LLC purchased a new stake in shares of CoreWeave Inc. (NASDAQ:CRWVFree Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 30,993 shares of the company’s stock, valued at approximately $4,241,000.

A number of other large investors have also added to or reduced their stakes in CRWV. Nvidia Corp raised its stake in shares of CoreWeave by 0.4% during the second quarter. Nvidia Corp now owns 24,277,573 shares of the company’s stock valued at $3,958,701,000 after acquiring an additional 95,113 shares during the last quarter. Voya Investment Management LLC bought a new stake in shares of CoreWeave in the third quarter worth about $110,562,000. Geode Capital Management LLC increased its holdings in CoreWeave by 142.6% during the 2nd quarter. Geode Capital Management LLC now owns 716,178 shares of the company’s stock valued at $116,809,000 after purchasing an additional 420,915 shares during the period. Munro Partners raised its position in CoreWeave by 5,272.4% during the 3rd quarter. Munro Partners now owns 616,485 shares of the company’s stock valued at $84,366,000 after purchasing an additional 605,010 shares during the last quarter. Finally, Lmdagg L.L.C. purchased a new stake in CoreWeave in the 2nd quarter worth approximately $48,030,000.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Evercore ISI reduced their target price on CoreWeave from $175.00 to $160.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 11th. Barclays cut their price target on shares of CoreWeave from $120.00 to $90.00 and set an “equal weight” rating on the stock in a report on Monday, January 12th. Roth Mkm assumed coverage on shares of CoreWeave in a report on Thursday, December 4th. They issued a “buy” rating and a $110.00 price objective for the company. DA Davidson raised shares of CoreWeave from a “neutral” rating to a “buy” rating and raised their target price for the stock from $68.00 to $110.00 in a research report on Monday, January 26th. Finally, The Goldman Sachs Group began coverage on shares of CoreWeave in a research report on Monday, January 12th. They set a “neutral” rating and a $86.00 price target on the stock. Eighteen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $127.27.

View Our Latest Research Report on CoreWeave

CoreWeave Price Performance

Shares of CRWV opened at $93.19 on Friday. CoreWeave Inc. has a fifty-two week low of $33.51 and a fifty-two week high of $187.00. The firm’s 50-day simple moving average is $83.32 and its two-hundred day simple moving average is $103.69. The stock has a market cap of $36.01 billion and a PE ratio of -64.27. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.49 and a current ratio of 0.49.

CoreWeave (NASDAQ:CRWVGet Free Report) last issued its quarterly earnings results on Monday, November 10th. The company reported ($0.22) EPS for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.14. The company had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the prior year, the firm earned ($1.82) earnings per share. The business’s revenue for the quarter was up 133.7% compared to the same quarter last year.

Trending Headlines about CoreWeave

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Insider Buying and Selling

In other news, insider Brian M. Venturo sold 281,250 shares of the firm’s stock in a transaction on Wednesday, January 21st. The stock was sold at an average price of $91.77, for a total transaction of $25,810,312.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jeff Baker sold 5,143 shares of the company’s stock in a transaction dated Thursday, January 29th. The stock was sold at an average price of $103.78, for a total transaction of $533,740.54. Following the completion of the transaction, the insider owned 39,304 shares in the company, valued at approximately $4,078,969.12. The trade was a 11.57% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 4,186,232 shares of company stock valued at $350,714,580.

CoreWeave Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CoreWeave (NASDAQ:CRWV)

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