CoreWeave Inc. $CRWV Stake Increased by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al increased its stake in shares of CoreWeave Inc. (NASDAQ:CRWV) by 66.9% during the third quarter, Holdings Channel reports. The institutional investor owned 145,356 shares of the company’s stock after acquiring an additional 58,265 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in CoreWeave were worth $12,663,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. MassMutual Private Wealth & Trust FSB grew its position in CoreWeave by 241.1% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 307 shares of the company’s stock worth $27,000 after buying an additional 217 shares during the period. Essential Partners LLC purchased a new position in CoreWeave in the second quarter valued at about $30,000. Peterson Wealth Services lifted its position in shares of CoreWeave by 153.1% during the 1st quarter. Peterson Wealth Services now owns 405 shares of the company’s stock valued at $31,000 after acquiring an additional 245 shares during the period. Cassaday & Co Wealth Management LLC acquired a new stake in shares of CoreWeave during the 1st quarter valued at approximately $31,000. Finally, Burnham & Co LLC acquired a new stake in shares of CoreWeave during the 2nd quarter valued at approximately $32,000.

Analyst Ratings Changes

Several brokerages have recently commented on CRWV. Mizuho decreased their price target on CoreWeave from $115.00 to $88.00 and set a “neutral” rating on the stock in a research note on Thursday, October 15th. Citigroup raised their price objective on CoreWeave from $142.00 to $159.00 and gave the company a “buy” rating in a research note on Friday, August 14th. Raymond James Financial reaffirmed an “outperform” rating and set a $75.00 price objective on shares of CoreWeave in a report on Monday, October 26th. Jefferies Financial Group reaffirmed a “buy” rating on shares of CoreWeave in a report on Thursday, October 15th. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of CoreWeave in a research report on Monday, October 19th. Twenty-seven research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $130.24.

CoreWeave Stock Performance

NASDAQ:CRWV opened at $54.87 on Friday. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 5.53. The firm has a 50-day moving average price of $79.45 and a two-hundred day moving average price of $91.02. CoreWeave Inc. has a twelve month low of $51.24 and a twelve month high of $138.36. The company has a market capitalization of $25.18 billion, a P/E ratio of -15.03 and a beta of 7.36.

CoreWeave (NASDAQ:CRWV) last issued 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. The firm had revenue of $2.58 billion during the quarter. CoreWeave had a negative return on equity of 47.95% and a negative net margin of 25.41%. The company’s revenue for the quarter was up 112.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.27) earnings per share. As a group, research analysts expect that CoreWeave Inc. will post -4.97 earnings per share for the current fiscal year.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave is adding AI-cloud capacity in Denmark and building a dedicated backbone connecting Europe with customers in the Middle East and Asia-Pacific. Management says the expanded platform will serve enterprise AI clients across four continents, supporting the company’s long-term growth strategy. CoreWeave Adds Denmark Capacity to Its Global AI Cloud Platform
• Positive Sentiment: A bullish investment analysis highlights CoreWeave’s potentially rapid growth as demand for AI computing expands, though the opportunity is framed as most suitable for aggressive investors because of the company’s risk profile. CoreWeave’s Meteoric Growth Potential
• Neutral Sentiment: Analysts continue to rate CoreWeave around “Moderate Buy,” while comparisons with Microsoft emphasize CRWV’s greater upside potential but also substantially higher risk, debt and concentration. CoreWeave Rated Moderate Buy
• Negative Sentiment: AI-cloud stocks sold off as investors questioned whether major technology companies will continue spending aggressively on outside computing capacity. Microsoft’s lower-than-expected capital expenditures intensified concerns about AI infrastructure demand, data-center delivery timelines and future revenue growth for neocloud providers. Why Neocloud Stocks Are Falling After Microsoft’s Capex Miss
• Negative Sentiment: Comments attributed to Microsoft CEO Satya Nadella criticizing business models dependent on renting AI capacity to a small number of large customers raised concerns about CoreWeave’s customer concentration and business durability. Satya Nadella Just Took a Shot at Oracle and CoreWeave
• Negative Sentiment: Reports that CoreWeave’s debt prices have weakened sharply are fueling fears about refinancing and potential default risk. The company’s leveraged balance sheet makes higher interest costs, slower customer demand or delayed data-center deployments particularly damaging. Elon Musk vs. Jensen Huang: Who Is Right About CoreWeave?
• Negative Sentiment: A shareholder litigation firm said it is investigating potential claims involving CoreWeave’s officers and directors, adding a legal and reputational risk overhang. Investor Action Notice Regarding CoreWeave

Insiders Place Their Bets

In other news, major shareholder Magnetar Financial Llc sold 307,131 shares of the business’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $108.75, for a total value of $33,400,496.25. Following the completion of the transaction, the insider directly owned 220,810 shares of the company’s stock, valued at $24,013,087.50. The trade was a 58.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Michael N. Intrator sold 200,000 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $91.80, for a total value of $18,360,000.00. Following the completion of the sale, the chief executive officer owned 2,076,815 shares in the company, valued at $190,651,617. This represents a 8.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 4,795,101 shares of company stock valued at $433,497,518. Insiders own 24.20% of the company’s stock.

CoreWeave Profile

CoreWeave, Inc is a specialized cloud computing company that provides infrastructure designed for artificial intelligence (AI), machine learning, and other high-performance computing workloads. Its platform gives customers access to accelerated computing resources, including graphics processing units (GPUs), along with the networking, storage, and software tools needed to develop, train, and deploy demanding applications.

The company offers cloud services for AI model training and inference, visual effects and rendering, scientific computing, and other data-intensive workloads.