Family Office Research LLC Invests $1.18 Million in CoreWeave Inc. $CRWV

Family Office Research LLC acquired a new stake in CoreWeave Inc. (NASDAQ:CRWV) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 8,636 shares of the company’s stock, valued at approximately $1,182,000. CoreWeave makes up approximately 0.5% of Family Office Research LLC’s portfolio, making the stock its 27th largest holding.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Nvidia Corp grew its stake in CoreWeave by 0.4% in the second quarter. Nvidia Corp now owns 24,277,573 shares of the company’s stock valued at $3,958,701,000 after purchasing an additional 95,113 shares in the last quarter. Voya Investment Management LLC bought a new stake in shares of CoreWeave during the 3rd quarter worth approximately $110,562,000. Geode Capital Management LLC boosted its holdings in shares of CoreWeave by 142.6% in the 2nd quarter. Geode Capital Management LLC now owns 716,178 shares of the company’s stock valued at $116,809,000 after buying an additional 420,915 shares during the last quarter. Munro Partners grew its stake in shares of CoreWeave by 5,272.4% in the third quarter. Munro Partners now owns 616,485 shares of the company’s stock valued at $84,366,000 after buying an additional 605,010 shares in the last quarter. Finally, Lmdagg L.L.C. acquired a new position in CoreWeave during the second quarter worth $48,030,000.

Analysts Set New Price Targets

CRWV has been the subject of a number of recent analyst reports. Mizuho increased their price target on shares of CoreWeave from $92.00 to $100.00 and gave the company a “neutral” rating in a research note on Monday, January 26th. Deutsche Bank Aktiengesellschaft upgraded shares of CoreWeave from a “hold” rating to a “buy” rating and raised their target price for the company from $100.00 to $140.00 in a research note on Tuesday, January 27th. UBS Group reiterated a “neutral” rating on shares of CoreWeave in a report on Friday, January 16th. Stifel Nicolaus set a $120.00 price target on CoreWeave in a research report on Tuesday, November 11th. Finally, The Goldman Sachs Group began coverage on CoreWeave in a research report on Monday, January 12th. They issued a “neutral” rating and a $86.00 price objective for the company. Eighteen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $127.27.

Insider Buying and Selling

In other CoreWeave news, insider Brian M. Venturo sold 281,250 shares of CoreWeave stock in a transaction dated Wednesday, November 26th. The shares were sold at an average price of $74.44, for a total value of $20,936,250.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Brannin Mcbee sold 102,835 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of $78.61, for a total transaction of $8,083,859.35. Following the transaction, the insider owned 185,181 shares in the company, valued at approximately $14,557,078.41. The trade was a 35.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 4,148,628 shares of company stock valued at $345,849,709.

CoreWeave Stock Performance

NASDAQ:CRWV opened at $93.19 on Monday. The stock has a 50 day simple moving average of $83.32 and a 200 day simple moving average of $103.41. The stock has a market cap of $36.01 billion and a P/E ratio of -64.27. CoreWeave Inc. has a 1-year low of $33.51 and a 1-year high of $187.00. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 2.66.

CoreWeave (NASDAQ:CRWV) last posted its quarterly earnings data on Monday, November 10th. The company reported ($0.22) earnings per share for the quarter, topping the consensus estimate of ($0.36) by $0.14. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the previous year, the business earned ($1.82) EPS. The firm’s quarterly revenue was up 133.7% on a year-over-year basis.

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.