Mirae Asset Global Investments Co. Ltd. Has $4.79 Million Holdings in CoreWeave Inc. $CRWV

Mirae Asset Global Investments Co. Ltd. raised its position in shares of CoreWeave Inc. (NASDAQ:CRWV) by 67.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 66,947 shares of the company’s stock after purchasing an additional 26,907 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in CoreWeave were worth $4,794,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CRWV. Proficio Capital Partners LLC increased its position in CoreWeave by 446,194.0% during the 3rd quarter. Proficio Capital Partners LLC now owns 17,851,760 shares of the company’s stock valued at $2,443,013,000 after purchasing an additional 17,847,760 shares during the period. Vanguard Group Inc. increased its position in CoreWeave by 109.7% during the 3rd quarter. Vanguard Group Inc. now owns 7,433,501 shares of the company’s stock valued at $1,017,275,000 after purchasing an additional 3,888,164 shares during the period. Invesco Ltd. increased its position in CoreWeave by 55,329.7% during the 3rd quarter. Invesco Ltd. now owns 2,999,300 shares of the company’s stock valued at $410,454,000 after purchasing an additional 2,993,889 shares during the period. Clear Street Group Inc. acquired a new stake in CoreWeave during the 3rd quarter valued at approximately $405,199,000. Finally, Lavaca Capital LLC acquired a new stake in CoreWeave during the 3rd quarter valued at approximately $273,700,000.

Insider Buying and Selling at CoreWeave

In other CoreWeave news, insider Brian M. Venturo sold 1,125,000 shares of the firm’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $80.86, for a total transaction of $90,967,500.00. Following the transaction, the insider directly owned 285,327 shares in the company, valued at approximately $23,071,541.22. This trade represents a 79.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brannin Mcbee sold 300,000 shares of the firm’s stock in a transaction on Monday, March 9th. The shares were sold at an average price of $72.61, for a total value of $21,783,000.00. Following the transaction, the insider owned 248,664 shares in the company, valued at approximately $18,055,493.04. This trade represents a 54.68% 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 10,761,619 shares of company stock worth $1,020,774,450.

Wall Street Analysts Forecast Growth

CRWV has been the subject of a number of recent analyst reports. Cantor Fitzgerald increased their target price on shares of CoreWeave from $149.00 to $156.00 and gave the company an “overweight” rating in a research report on Thursday, April 16th. HC Wainwright reaffirmed a “buy” rating and set a $180.00 price objective on shares of CoreWeave in a research report on Monday, March 2nd. Evercore reaffirmed an “outperform” rating and set a $150.00 price objective on shares of CoreWeave in a research report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft raised shares of CoreWeave from a “hold” rating to a “buy” rating and raised their price objective for the stock from $100.00 to $140.00 in a research report on Tuesday, January 27th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of CoreWeave in a research report on Friday, February 27th. Twenty analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $125.16.

CoreWeave Stock Performance

Shares of CRWV stock opened at $115.16 on Wednesday. The company has a market cap of $48.26 billion and a price-to-earnings ratio of -35.99. CoreWeave Inc. has a 52 week low of $36.00 and a 52 week high of $187.00. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 4.46. The firm has a 50 day moving average of $89.34 and a 200-day moving average of $93.68.

CoreWeave (NASDAQ:CRWV) last posted its quarterly earnings results on Thursday, February 26th. The company reported ($0.89) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.61) by ($0.28). CoreWeave had a negative net margin of 22.75% and a negative return on equity of 33.82%. The business had revenue of $1.57 billion during the quarter. CoreWeave’s quarterly revenue was up 110.4% on a year-over-year basis. On average, equities analysts forecast that CoreWeave Inc. will post -4.16 earnings per share for the current year.

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.