Resona Asset Management Co. Ltd. Buys Shares of 50,860 CoreWeave Inc. $CRWV

Resona Asset Management Co. Ltd. bought a new stake in CoreWeave Inc. (NASDAQ:CRWV) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 50,860 shares of the company’s stock, valued at approximately $3,665,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Cornerstone Planning Group LLC raised its stake in CoreWeave by 272.8% in the fourth quarter. Cornerstone Planning Group LLC now owns 343 shares of the company’s stock valued at $25,000 after buying an additional 251 shares during the last quarter. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of CoreWeave during the third quarter worth about $27,000. Aspect Partners LLC purchased a new stake in shares of CoreWeave during the third quarter worth about $28,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in shares of CoreWeave during the third quarter worth about $30,000. Finally, Rothschild Investment LLC grew its stake in shares of CoreWeave by 10,700.0% during the third quarter. Rothschild Investment LLC now owns 216 shares of the company’s stock worth $30,000 after acquiring an additional 214 shares during the last quarter.

More CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave announced that CFO Nitin Agrawal will present at the Jefferies Software, Internet, and AI Conference on May 27, which keeps the company visible to investors and may reinforce the bullish AI growth narrative. CoreWeave to Participate in the Jefferies Software, Internet, and AI Conference
• Positive Sentiment: New coverage highlighted CoreWeave’s partnership with Pulumi, which ties its GPU cloud more tightly into AI developer workflows and could make the platform stickier for enterprise customers. CoreWeave Pulumi Deal Ties GPU Cloud To AI Developer Workflows
• Positive Sentiment: Several bullish articles continue to frame CoreWeave as a major beneficiary of AI infrastructure spending, citing strong revenue growth, a large backlog, and a new expanded AI infrastructure agreement with Meta. CoreWeave Scores Big With Meta — We See 66% Upside
• Neutral Sentiment: Market commentary comparing CoreWeave with Oracle and other AI infrastructure names may keep the stock in focus, but it does not add a clear new catalyst by itself. CoreWeave vs. Oracle: Which AI Infrastructure Stock is the Better Pick?
• Negative Sentiment: Insider selling remains a headwind, with CEO Michael Intrator and insider Brian Venturo both selling shares this week, which can weigh on investor confidence despite the trades being under pre-arranged 10b5-1 plans. CoreWeave insider trading filing
• Negative Sentiment: Recent analyst and media commentary has also been cautious, pointing to CoreWeave’s leverage, losses, and valuation risk, which helps explain why the stock has faced selling pressure despite strong AI demand. As AI infrastructure heats up, stay on the sidelines with CoreWeave stock

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CRWV. Wolfe Research began coverage on CoreWeave in a research note on Thursday, April 16th. They set an “outperform” rating and a $150.00 price target on the stock. Oppenheimer boosted their price target on CoreWeave from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Jefferies Financial Group boosted their price target on CoreWeave from $120.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Weiss Ratings restated a “sell (e+)” rating on shares of CoreWeave in a research note on Monday, May 4th. Finally, Sanford C. Bernstein boosted their price target on CoreWeave from $56.00 to $67.00 and gave the stock an “underperform” rating in a research note on Tuesday, April 14th. Nineteen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $129.63.

Insider Transactions at CoreWeave

In related news, CEO Michael N. Intrator sold 13,129 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $99.82, for a total value of $1,310,536.78. Following the sale, the chief executive officer owned 4,276,815 shares in the company, valued at $426,911,673.30. This represents a 0.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Brannin Mcbee sold 3,683 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $99.82, for a total value of $367,637.06. Following the completion of the sale, the insider owned 318,086 shares in the company, valued at approximately $31,751,344.52. This represents a 1.14% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 25,217,073 shares of company stock valued at $2,824,592,756 over the last quarter.

CoreWeave Price Performance

Shares of NASDAQ CRWV opened at $105.49 on Friday. The business’s 50 day moving average price is $100.22 and its 200 day moving average price is $90.88. The firm has a market cap of $47.21 billion, a P/E ratio of -33.92 and a beta of 7.84. CoreWeave Inc. has a 52 week low of $63.80 and a 52 week high of $187.00. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 3.68.

CoreWeave (NASDAQ:CRWV) last issued its earnings results on Thursday, February 26th. The company reported ($0.89) EPS for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.28). The firm 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%. The business’s revenue for the quarter was up 110.4% on a year-over-year basis. On average, sell-side analysts expect that CoreWeave Inc. will post -4.58 earnings per share for the current year.

CoreWeave Company 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.