Foundations Investment Advisors LLC Purchases 30,720 Shares of CoreWeave Inc. $CRWV

Foundations Investment Advisors LLC raised its position in shares of CoreWeave Inc. (NASDAQ:CRWVFree Report) by 444.0% in the 4th quarter, Holdings Channel reports. The firm owned 37,639 shares of the company’s stock after acquiring an additional 30,720 shares during the period. Foundations Investment Advisors LLC’s holdings in CoreWeave were worth $2,695,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Thoroughbred Financial Services LLC raised its stake in CoreWeave by 8.8% during the fourth quarter. Thoroughbred Financial Services LLC now owns 22,247 shares of the company’s stock worth $1,593,000 after acquiring an additional 1,794 shares in the last quarter. Kingsview Wealth Management LLC boosted its stake in shares of CoreWeave by 74.1% in the 4th quarter. Kingsview Wealth Management LLC now owns 12,628 shares of the company’s stock valued at $904,000 after purchasing an additional 5,373 shares in the last quarter. MTM Investment Management LLC grew its holdings in shares of CoreWeave by 58.1% during the 4th quarter. MTM Investment Management LLC now owns 653 shares of the company’s stock valued at $47,000 after purchasing an additional 240 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of CoreWeave by 8.1% during the 4th quarter. Geode Capital Management LLC now owns 2,823,302 shares of the company’s stock valued at $201,581,000 after purchasing an additional 211,416 shares during the last quarter. Finally, Steel Grove Capital Advisors LLC increased its position in CoreWeave by 61.9% during the 4th quarter. Steel Grove Capital Advisors LLC now owns 3,400 shares of the company’s stock worth $243,000 after purchasing an additional 1,300 shares in the last quarter.

Analysts Set New Price Targets

CRWV has been the subject of several research reports. HC Wainwright reissued a “buy” rating and issued a $180.00 price objective on shares of CoreWeave in a research note on Monday, March 2nd. Citigroup boosted their target price on shares of CoreWeave from $155.00 to $158.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Evercore reiterated an “outperform” rating and set a $150.00 price target on shares of CoreWeave in a report on Wednesday, April 15th. Cantor Fitzgerald increased their price target on CoreWeave from $156.00 to $167.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. Finally, Barclays raised their price objective on CoreWeave from $106.00 to $120.00 and gave the company an “equal weight” rating in a report on Monday, May 11th. Nineteen analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, CoreWeave currently has a consensus rating of “Moderate Buy” and an average price target of $129.63.

Check Out Our Latest Analysis on CRWV

Insiders Place Their Bets

In related news, Director Jack D. Cogen sold 986,540 shares of CoreWeave stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $107.80, for a total value of $106,349,012.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Magnetar Financial Llc sold 1,404,667 shares of the company’s stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $118.30, for a total value of $166,172,106.10. Following the completion of the sale, the insider owned 282,570 shares in the company, valued at $33,428,031. The trade was a 83.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 27,265,642 shares of company stock valued at $3,043,956,040.

CoreWeave Price Performance

CRWV stock opened at $109.53 on Friday. The company has a market capitalization of $49.02 billion, a P/E ratio of -35.22 and a beta of 7.84. The company has a fifty day moving average price of $102.63 and a 200-day moving average price of $90.63. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.31 and a current ratio of 0.31. CoreWeave Inc. has a 52-week low of $63.80 and a 52-week high of $187.00.

CoreWeave (NASDAQ:CRWVGet Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($1.40) earnings per share 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 return on equity of 43.07% and a negative net margin of 25.57%.The firm’s revenue was up 111.6% compared to the same quarter last year. During the same quarter last year, the company posted ($0.60) earnings per share. As a group, equities analysts expect that CoreWeave Inc. will post -4.57 EPS for the current year.

Key Headlines Impacting CoreWeave

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CoreWeave Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CoreWeave (NASDAQ:CRWV)

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