Situational Awareness LP Decreases Stock Position in CoreWeave Inc. $CRWV

Situational Awareness LP lowered its stake in CoreWeave Inc. (NASDAQ:CRWV) by 16.8% in the second quarter, Holdings Channel reports. The fund owned 7,479,558 shares of the company’s stock after selling 1,512,861 shares during the quarter. CoreWeave accounts for approximately 3.8% of Situational Awareness LP’s investment portfolio, making the stock its 6th largest holding. Situational Awareness LP’s holdings in CoreWeave were worth $744,515,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Cullen Frost Bankers Inc. increased its position in CoreWeave by 45.8% during the 4th quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock worth $28,000 after purchasing an additional 121 shares in the last quarter. Greenline Wealth Management LLC acquired a new stake in CoreWeave in the fourth quarter valued at approximately $28,000. Essential Partners LLC acquired a new stake in CoreWeave in the second quarter valued at approximately $30,000. Peterson Wealth Services grew its stake in shares of CoreWeave by 153.1% during the first quarter. Peterson Wealth Services now owns 405 shares of the company’s stock worth $31,000 after buying an additional 245 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC bought a new stake in shares of CoreWeave during the first quarter worth $31,000.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CRWV. Truist Financial increased their price target on CoreWeave from $155.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, August 24th. Jefferies Financial Group lowered CoreWeave from a “buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Sanford C. Bernstein upped their target price on CoreWeave from $67.00 to $74.00 and gave the stock an “underperform” rating in a report on Wednesday, August 12th. TD Cowen upgraded CoreWeave to a “buy” rating in a research report on Wednesday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $150.00 target price on shares of CoreWeave in a research report on Friday, August 7th. Twenty-one research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, CoreWeave currently has an average rating of “Moderate Buy” and an average target price of $141.90.

Key Headlines Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave’s second-quarter revenue more than doubled year over year, supporting optimism about demand for its AI cloud-computing services. Improving sentiment toward AI stocks also helped the shares rebound during August. Why CoreWeave Stock Gained 18% in August
• Positive Sentiment: Management has reduced CoreWeave’s weighted-average borrowing cost by nearly 300 basis points, which could help offset the company’s heavy financing burden over time. CoreWeave’s Interest Expense Hit $640 Million Last Quarter
• Neutral Sentiment: OpenAI CEO Sam Altman warned that spending and expansion plans among emerging “neocloud” companies may be unsustainable. The comments increase scrutiny of CoreWeave’s growth plans and the broader AI-compute investment cycle. Sam Altman Sees “Unsustainable Silliness” in AI Compute Spending
• Negative Sentiment: CEO Michael N. Intrator sold 307,692 shares for approximately $25.1 million, while insider Kristen J. McVeety sold 156,000 shares for about $12.7 million. All sales were made under pre-arranged Rule 10b5-1 plans, reducing their value as a direct signal of current management sentiment, but the sizable transactions may still weigh on investor confidence.
• Negative Sentiment: CoreWeave’s interest expense reached $640 million in the latest quarter—nearly four times operating income according to the analysis—highlighting risks from its highly leveraged expansion and potentially limiting future profitability. CoreWeave’s Interest Bill Is Nearly 4x Operating Income
• Negative Sentiment: Growing use of AI agents could make neocloud providers attractive cybersecurity targets, creating additional operational and reputational risks for CoreWeave. AI Agents Could Turn Neoclouds Into Cybersecurity Targets

CoreWeave Price Performance

CoreWeave stock opened at $84.56 on Friday. The stock’s 50 day moving average is $85.47 and its 200 day moving average is $94.43. CoreWeave Inc. has a one year low of $60.55 and a one year high of $153.20. The firm has a market cap of $38.80 billion, a P/E ratio of -23.17 and a beta of 7.45. The company has a debt-to-equity ratio of 5.53, a current ratio of 0.46 and a quick ratio of 0.46.

CoreWeave (NASDAQ:CRWV) last released its earnings results on Tuesday, August 11th. The company reported ($1.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.52) by $0.38. CoreWeave had a negative net margin of 25.41% and a negative return on equity of 47.95%. The business had revenue of $2.58 billion during the quarter. During the same period in the prior year, the company posted ($0.27) EPS. The business’s revenue for the quarter was up 112.5% compared to the same quarter last year. As a group, research analysts expect that CoreWeave Inc. will post -5.19 EPS for the current year.

Insider Activity

In related news, insider Kristen J. Mcveety sold 156,000 shares of CoreWeave stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $81.63, for a total transaction of $12,734,280.00. Following the completion of the transaction, the insider owned 123,313 shares of the company’s stock, valued at $10,066,040.19. This trade represents a 55.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael N. Intrator sold 200,000 shares of the business’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $81.66, for a total transaction of $16,332,000.00. Following the completion of the transaction, the chief executive officer owned 1,287,129 shares in the company, valued at approximately $105,106,954.14. The trade was a 13.45% decrease in their position. 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 three months, insiders have sold 7,610,159 shares of company stock valued at $705,653,344. 24.20% of the stock is owned by corporate insiders.

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.