Littlejohn Financial Services Inc. Sells 5,237 Shares of CoreWeave Inc. $CRWV

Littlejohn Financial Services Inc. cut its stake in CoreWeave Inc. (NASDAQ:CRWV) by 35.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,675 shares of the company’s stock after selling 5,237 shares during the period. Littlejohn Financial Services Inc.’s holdings in CoreWeave were worth $750,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of CRWV. Sivia Capital Partners LLC acquired a new position in CoreWeave in the second quarter valued at about $39,824,000. Quantbot Technologies LP acquired a new stake in CoreWeave during the second quarter worth about $311,000. Invesco Ltd. acquired a new stake in CoreWeave during the second quarter worth about $882,000. First Trust Advisors LP bought a new position in CoreWeave in the 2nd quarter valued at about $20,260,000. Finally, Baird Financial Group Inc. bought a new position in CoreWeave in the 2nd quarter valued at about $455,000.

CoreWeave Stock Performance

CRWV opened at $96.58 on Monday. The company’s 50 day moving average is $110.42 and its 200-day moving average is $94.67. CoreWeave Inc. has a 1-year low of $63.80 and a 1-year high of $173.35. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 3.68. The company has a market cap of $43.23 billion, a P/E ratio of -31.05 and a beta of 7.18.

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

Analysts Set New Price Targets

A number of brokerages have recently weighed in on CRWV. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $135.00 price target on shares of CoreWeave in a report on Friday, May 8th. Oppenheimer lifted their price objective on shares of CoreWeave from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Roth Mkm restated a “buy” rating and set a $150.00 price objective on shares of CoreWeave in a research report on Friday, May 8th. Wolfe Research assumed coverage on CoreWeave in a research note on Thursday, April 16th. They set an “outperform” rating and a $150.00 target price for the company. Finally, Wells Fargo & Company raised their target price on CoreWeave from $135.00 to $155.00 and gave the company an “overweight” rating in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, CoreWeave presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.00.

Insider Buying and Selling at CoreWeave

In other CoreWeave news, insider Brian M. Venturo sold 76,924 shares of the business’s stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $101.32, for a total transaction of $7,793,939.68. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael N. Intrator sold 200,000 shares of the company’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $106.81, for a total transaction of $21,362,000.00. Following the transaction, the chief executive officer owned 3,276,815 shares of the company’s stock, valued at $349,996,610.15. This trade represents a 5.75% 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. Insiders have sold 28,313,484 shares of company stock worth $3,215,162,516 over the last quarter.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Rosenblatt Securities initiated coverage with a Buy rating and a $250 price target, reinforcing the bullish view that CoreWeave could benefit from rising demand for AI infrastructure. Read More
• Positive Sentiment: BNP Paribas and other reports highlighted CoreWeave as a key beneficiary of the next AI chip cycle, while Cantor Fitzgerald reiterated an Overweight rating and a $167 target. Article Title
• Positive Sentiment: CoreWeave announced a partnership with Conapto to expand AI cloud capacity in Sweden, which supports the company’s growth narrative and international expansion. Article Title
• Neutral Sentiment: Several articles argue CoreWeave is one of the stocks that could double over the next two years, reflecting strong long-term enthusiasm but no new hard financial data. Article Title
• Negative Sentiment: CEO Michael Intrator sold shares under a pre-arranged trading plan, and insider Brannin McBee also sold stock. Even though the sales were planned, insider selling can still weigh on sentiment. SEC Filing

CoreWeave Company Profile

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.