CoreWeave Inc. $CRWV Stock Holdings Increased by NFSG Corp

NFSG Corp increased its stake in shares of CoreWeave Inc. (NASDAQ:CRWV) by 63.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 70,427 shares of the company’s stock after purchasing an additional 27,216 shares during the quarter. CoreWeave makes up approximately 0.9% of NFSG Corp’s portfolio, making the stock its 28th largest position. NFSG Corp’s holdings in CoreWeave were worth $5,456,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sivia Capital Partners LLC purchased a new stake in CoreWeave in the 2nd quarter worth approximately $39,824,000. Quantbot Technologies LP acquired a new stake in shares of CoreWeave during the 2nd quarter valued at $311,000. Invesco Ltd. purchased a new position in shares of CoreWeave during the 2nd quarter valued at $882,000. First Trust Advisors LP purchased a new position in shares of CoreWeave during the 2nd quarter valued at $20,260,000. Finally, Baird Financial Group Inc. acquired a new position in shares of CoreWeave in the second quarter worth $455,000.

CoreWeave Trading Down 4.0%

CoreWeave stock opened at $79.94 on Wednesday. CoreWeave Inc. has a one year low of $63.80 and a one year high of $153.20. The company’s fifty day moving average price is $103.54 and its two-hundred day moving average price is $95.38. The company has a debt-to-equity ratio of 3.68, a current ratio of 0.31 and a quick ratio of 0.31. The company has a market capitalization of $35.78 billion, a price-to-earnings ratio of -25.70 and a beta of 7.17.

CoreWeave (NASDAQ:CRWV) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($1.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.17) by ($0.23). The company had revenue of $2.08 billion during the quarter. CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.CoreWeave’s revenue was up 111.6% on a year-over-year basis. During the same period in the prior year, the company earned ($0.60) earnings per share. On average, analysts forecast that CoreWeave Inc. will post -4.57 earnings per share for the current fiscal year.

Insider Activity

In other CoreWeave news, Director Jack D. Cogen sold 986,540 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $107.80, for a total transaction of $106,349,012.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Brian M. Venturo sold 1,125,000 shares of the stock in a transaction that occurred on Monday, April 20th. The shares were sold at an average price of $115.93, for a total value of $130,421,250.00. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 24,130,539 shares of company stock valued at $2,824,785,086. Insiders own 24.20% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on CRWV. BNP Paribas Exane assumed coverage on CoreWeave in a report on Tuesday, June 2nd. They set an “outperform” rating and a $192.00 price objective for the company. JPMorgan Chase & Co. boosted their target price on CoreWeave from $90.00 to $105.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Barclays upped their target price on CoreWeave from $106.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Monday, May 11th. Jefferies Financial Group lifted their price target on CoreWeave from $120.00 to $160.00 and gave the company a “buy” rating in a report on Monday, May 4th. Finally, Citigroup boosted their price target on CoreWeave from $155.00 to $158.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Twenty-one equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $136.73.

About CoreWeave

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.