CTC Alternative Strategies Ltd. Invests $852,000 in CoreWeave Inc. $CRWV

CTC Alternative Strategies Ltd. purchased a new stake in CoreWeave Inc. (NASDAQ:CRWV) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,000 shares of the company’s stock, valued at approximately $852,000. CoreWeave makes up 1.9% of CTC Alternative Strategies Ltd.’s investment portfolio, making the stock its 14th largest holding.

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

CoreWeave Price Performance

NASDAQ:CRWV opened at $71.77 on Friday. CoreWeave Inc. has a 52 week low of $60.55 and a 52 week high of $153.20. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 3.68. The company has a market capitalization of $32.12 billion, a P/E ratio of -23.08 and a beta of 7.17. The stock’s fifty day moving average is $93.58 and its two-hundred day moving average is $95.00.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CRWV. Weiss Ratings raised shares of CoreWeave from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, June 24th. Rosenblatt Securities restated a “buy” rating and set a $250.00 price objective on shares of CoreWeave in a research report on Thursday, July 2nd. JPMorgan Chase & Co. lifted their target price on shares of CoreWeave from $90.00 to $105.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. TD Cowen upgraded shares of CoreWeave to a “buy” rating in a report on Wednesday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $135.00 target price on shares of CoreWeave in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $136.25.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Leidos defense partnership expands addressable market: CoreWeave is collaborating with Leidos (NYSE: LDOS) to provide secure, sovereign AI-cloud infrastructure for U.S. defense, national security and intelligence agencies. The agreement could create additional demand for CoreWeave’s GPU capacity and strengthen its position in government AI workloads. Leidos and CoreWeave collaboration
• Positive Sentiment: Revenue expectations remain favorable: Oppenheimer expects second-quarter revenue near the high end of CoreWeave’s $2.45 billion-$2.60 billion guidance range. The outlook supports the company’s rapid AI-cloud expansion story ahead of its next earnings report. CoreWeave revenue outlook
• Neutral Sentiment: Large customer commitments offer visibility but add concentration risk: Meta Platforms (NASDAQ: META) could spend more than $62 billion with CoreWeave and Nebius, including agreements worth up to $35.2 billion for CoreWeave. However, Meta may eventually develop competing cloud services, creating a longer-term competitive risk. Meta spending and competition
• Negative Sentiment: Insider selling is weighing on sentiment: CEO Michael Intrator sold a combined 307,692 shares for roughly $20.5 million, while Jeff Baker sold 6,455 shares to cover tax withholding. The CEO’s sales were made under a pre-arranged Rule 10b5-1 plan, reducing their value as a direct signal, but the size and timing of the transactions have increased selling pressure. CoreWeave insider filing
• Negative Sentiment: Debt and profitability risks remain significant: Reports point to heavy GPU-related borrowing, high capital expenditures and negative earnings. Elevated credit-default-swap pricing has raised concerns about refinancing and a possible debt spiral, particularly given CoreWeave’s debt-to-equity ratio of 3.68 and weak liquidity ratios. CoreWeave credit concerns

Insider Activity at CoreWeave

In other CoreWeave news, insider Jeff Baker sold 6,455 shares of the company’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $66.51, for a total value of $429,322.05. Following the transaction, the insider owned 7,167 shares of the company’s stock, valued at $476,677.17. This represents a 47.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Brannin Mcbee sold 13,000 shares of the stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $71.04, for a total transaction of $923,520.00. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 15,586,735 shares of company stock worth $1,764,560,965. Company insiders own 24.20% of the company’s stock.

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.