Meridian Wealth Management LLC Has $635,000 Holdings in CoreWeave Inc. $CRWV

Meridian Wealth Management LLC grew its holdings in CoreWeave Inc. (NASDAQ:CRWV) by 189.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 8,866 shares of the company’s stock after acquiring an additional 5,801 shares during the quarter. Meridian Wealth Management LLC’s holdings in CoreWeave were worth $635,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CRWV. Sivia Capital Partners LLC acquired a new stake in shares of CoreWeave in the second quarter valued at approximately $39,824,000. Quantbot Technologies LP acquired a new stake in shares of CoreWeave in the second quarter valued at approximately $311,000. Invesco Ltd. acquired a new stake in shares of CoreWeave in the second quarter valued at approximately $882,000. First Trust Advisors LP acquired a new stake in shares of CoreWeave in the second quarter valued at approximately $20,260,000. Finally, Baird Financial Group Inc. acquired a new stake in shares of CoreWeave in the second quarter valued at approximately $455,000.

Key Headlines Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Citigroup raised its price target on CoreWeave to $158 and kept a buy rating, reinforcing Wall Street’s bullish view on the company’s AI cloud growth outlook.
• Positive Sentiment: Recent coverage continues to highlight strong demand for CoreWeave’s GPU cloud services, including a reported $99.4 billion backlog and expanding revenue tied to AI infrastructure spending. Article Title
• Positive Sentiment: CoreWeave said it ranked No. 1 for inference speed and price-performance in an independent benchmark for Moonshot AI’s Kimi K2.6 model, which could strengthen its competitive position in AI infrastructure. Article Title
• Neutral Sentiment: CoreWeave announced it will participate in the J.P. Morgan Global Technology, Media and Communications Conference on May 19, which is mainly an investor-relations event unless it includes fresh business guidance. Article Title
• Negative Sentiment: CEO Michael N. Intrator sold a combined 307,693 shares in pre-arranged Rule 10b5-1 transactions, and COO Sachin Jain also sold shares, which can weigh on sentiment even if the trades were planned in advance.
• Negative Sentiment: Some recent commentary is still focused on CoreWeave’s heavy debt load, negative margins, and concerns that the AI growth story could slow, keeping investors cautious despite the bullish analyst upgrades.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Mizuho lifted their price objective on shares of CoreWeave from $105.00 to $110.00 and gave the company a “neutral” rating in a report on Friday, May 8th. HC Wainwright reiterated a “buy” rating and issued a $180.00 price objective on shares of CoreWeave in a report on Monday, March 2nd. Jefferies Financial Group lifted their price objective on shares of CoreWeave from $120.00 to $160.00 and gave the company a “buy” rating in a report on Monday, May 4th. Truist Financial lifted their price objective on shares of CoreWeave from $85.00 to $131.00 and gave the company a “hold” rating in a report on Friday, May 8th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $135.00 price objective on shares of CoreWeave in a report on Friday, May 8th. Twenty analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, CoreWeave presently has an average rating of “Moderate Buy” and a consensus target price of $131.97.

Insider Buying and Selling at CoreWeave

In other news, CEO Michael N. Intrator sold 200,000 shares of the business’s stock in a transaction dated Tuesday, May 12th. The shares were sold at an average price of $105.67, for a total value of $21,134,000.00. Following the completion of the sale, the chief executive officer owned 4,466,501 shares of the company’s stock, valued at approximately $471,975,160.67. The trade was a 4.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Sachin Jain sold 14,750 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $118.61, for a total transaction of $1,749,497.50. Following the completion of the sale, the chief operating officer directly owned 123,058 shares of the company’s stock, valued at approximately $14,595,909.38. The trade was a 10.70% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 24,755,837 shares of company stock worth $2,773,868,164.

CoreWeave Trading Up 2.6%

CRWV stock opened at $114.21 on Friday. The company has a debt-to-equity ratio of 3.68, a current ratio of 0.31 and a quick ratio of 0.46. The company has a fifty day moving average price of $96.89 and a two-hundred day moving average price of $91.87. CoreWeave Inc. has a one year low of $61.33 and a one year high of $187.00. The stock has a market cap of $51.12 billion, a price-to-earnings ratio of -36.72 and a beta of 7.84.

CoreWeave (NASDAQ:CRWV) last announced its earnings results on Thursday, February 26th. The company reported ($0.89) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.28). The business had revenue of $1.57 billion during the quarter. CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. CoreWeave’s revenue was up 110.4% on a year-over-year basis. Equities analysts anticipate that CoreWeave Inc. will post -4.15 EPS for the current year.

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.