Wedbush Fund Advisers LLC Buys New Position in CoreWeave Inc. $CRWV

Wedbush Fund Advisers LLC purchased a new stake in CoreWeave Inc. (NASDAQ:CRWV) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 236,720 shares of the company’s stock, valued at approximately $23,563,000. CoreWeave comprises 2.1% of Wedbush Fund Advisers LLC’s holdings, making the stock its 23rd biggest holding. Wedbush Fund Advisers LLC owned about 0.05% of CoreWeave at the end of the most recent reporting period.

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

More CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Expanded Rescale partnership: Rescale will expand its cloud ecosystem to CoreWeave Cloud, giving customers in aerospace, automotive, energy, life sciences and manufacturing access to CoreWeave’s GPU capacity for AI and simulation workloads. The agreement could broaden CoreWeave’s customer base and improve utilization of its data-center infrastructure. Rescale Expands Cloud Ecosystem with CoreWeave for Engineering and AI Workloads
• Positive Sentiment: Additional enterprise demand: CoreWeave reportedly secured a multiyear AI-cloud infrastructure agreement with quantitative trading firm Hudson River Trading. The deal expands the company’s presence in financial-services workloads and supports the broader investment case that demand for GPU compute remains strong. CoreWeave Lands AI Cloud Deal As Data Center Rules Tighten
• Positive Sentiment: Optimistic analyst view: Truist said CoreWeave shares could nearly double, even as chip costs rise, reinforcing bullish sentiment following the company’s strong revenue growth and upbeat AI-demand outlook. CoreWeave shares are set to nearly double even as chip costs rise, Truist says
• Neutral Sentiment: A reported change in short interest shows zero shares both before and after the measurement period, producing an invalid “NaN” change. The data appears unreliable and offers no meaningful signal about investor positioning.
• Negative Sentiment: Leverage remains a major overhang: CoreWeave’s roughly $35 billion debt load and high interest expense could absorb much of its operating income. Analysts also warn that Nvidia-backed financing platforms could make GPU access cheaper and more competitive, weakening CoreWeave’s economics. CoreWeave’s AI Data Center Capacity Is Exploding
• Negative Sentiment: Rising global bond yields have pressured technology stocks, while tighter state-level rules on data-center energy use and transparency could increase CoreWeave’s expansion costs and slow new capacity deployments.

Wall Street Analyst Weigh In

Several analysts have weighed in on CRWV shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $150.00 target price on shares of CoreWeave in a research report on Friday, August 7th. Cantor Fitzgerald set a $176.00 price objective on shares of CoreWeave and gave the stock an “overweight” rating in a research note on Wednesday, August 12th. Weiss Ratings upgraded shares of CoreWeave from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, June 24th. Barclays boosted their price objective on shares of CoreWeave from $90.00 to $105.00 and gave the company an “equal weight” rating in a report on Thursday, August 13th. Finally, BTIG Research began coverage on CoreWeave in a research report on Wednesday, July 22nd. They issued a “buy” rating on the stock. Twenty-one equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, CoreWeave has an average rating of “Moderate Buy” and an average target price of $141.90.

CoreWeave Stock Up 2.1%

CRWV opened at $88.04 on Wednesday. The company has a market cap of $40.40 billion, a PE ratio of -24.12 and a beta of 7.44. CoreWeave Inc. has a twelve month low of $60.55 and a twelve month high of $153.20. The company has a 50-day moving average price of $89.01 and a 200 day moving average price of $94.80. 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 posted its quarterly earnings data on Tuesday, August 11th. The company reported ($1.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.52) by $0.38. CoreWeave had a negative return on equity of 47.95% and a negative net margin of 25.41%.The company had revenue of $2.58 billion for the quarter. During the same quarter in the previous year, the firm posted ($0.27) earnings per share. The company’s quarterly revenue was up 112.5% on a year-over-year basis. Sell-side analysts expect that CoreWeave Inc. will post -5.17 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Michael N. Intrator sold 278,560 shares of CoreWeave stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $97.43, for a total value of $27,140,100.80. Following the sale, the chief executive officer directly owned 3,138,612 shares of the company’s stock, valued at $305,794,967.16. The trade was a 8.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Jack D. Cogen sold 642,307 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $106.32, for a total value of $68,290,080.24. Following the sale, the director owned 9,040,829 shares of the company’s stock, valued at $961,220,939.28. The trade was a 6.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 8,050,523 shares of company stock worth $783,406,748 over the last quarter. 24.20% of the stock is currently owned by corporate insiders.

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.