Sumitomo Mitsui Trust Group Inc. Acquires New Holdings in CoreWeave Inc. $CRWV

Sumitomo Mitsui Trust Group Inc. acquired a new stake in CoreWeave Inc. (NASDAQ:CRWV) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 210,254 shares of the company’s stock, valued at approximately $34,284,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CRWV. Cisco Systems Inc. bought a new position in shares of CoreWeave during the second quarter valued at $173,493,000. Sivia Capital Partners LLC acquired a new stake in shares of CoreWeave during the second quarter worth $39,824,000. CWM LLC increased its position in shares of CoreWeave by 283.0% during the second quarter. CWM LLC now owns 166,663 shares of the company’s stock worth $27,176,000 after buying an additional 123,147 shares during the period. Carnegie Investment Counsel acquired a new stake in shares of CoreWeave during the second quarter worth $15,073,000. Finally, Virtus Wealth Solutions LLC acquired a new stake in shares of CoreWeave during the second quarter worth $7,436,000.

Insider Activity

In related news, major shareholder Magnetar Financial Llc sold 1,451,063 shares of the business’s stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $125.60, for a total transaction of $182,253,512.80. Following the completion of the transaction, the insider owned 363,631 shares of the company’s stock, valued at approximately $45,672,053.60. The trade was a 79.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jack D. Cogen sold 1,112,004 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $94.69, for a total transaction of $105,295,658.76. Following the completion of the transaction, the director directly owned 12,329,676 shares of the company’s stock, valued at approximately $1,167,497,020.44. This represents a 8.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 32,330,386 shares of company stock valued at $3,988,396,579 in the last quarter.

CoreWeave Stock Down 0.9%

CRWV opened at $134.80 on Wednesday. The company has a debt-to-equity ratio of 2.79, a current ratio of 0.52 and a quick ratio of 0.52. The company’s 50-day moving average is $119.19 and its 200 day moving average is $112.96. CoreWeave Inc. has a fifty-two week low of $33.51 and a fifty-two week high of $187.00. The firm has a market capitalization of $65.86 billion and a P/E ratio of -118.25.

CoreWeave (NASDAQ:CRWV) last announced its quarterly earnings data on Tuesday, August 12th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.07). The business had revenue of $1.21 million for the quarter. CoreWeave’s quarterly revenue was up 206.7% compared to the same quarter last year. CoreWeave has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Northland Securities increased their price objective on shares of CoreWeave from $85.00 to $165.00 and gave the stock an “outperform” rating in a research report on Friday, July 18th. HSBC assumed coverage on shares of CoreWeave in a research report on Wednesday, July 16th. They set a “reduce” rating and a $32.00 price objective for the company. Barclays increased their price objective on shares of CoreWeave from $100.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Monday, July 21st. Citizens Jmp upgraded shares of CoreWeave from a “market perform” rating to an “outperform” rating and set a $180.00 price target for the company in a report on Tuesday, September 16th. Finally, Morgan Stanley raised their price target on shares of CoreWeave from $58.00 to $91.00 and gave the stock an “equal weight” rating in a report on Thursday, July 31st. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, CoreWeave has an average rating of “Moderate Buy” and an average price target of $127.64.

CoreWeave Company Profile

CoreWeave, Inc engages in the powers of the creation and delivery of the intelligence that drives innovation. It offers a solution used by organizations of all sizes that require sophisticated AI computing, from the largest of enterprises to small, well-funded start-ups. The company was founded by Michael Intrator, Brian Venturo, and Brannin McBee on September 21, 2017 and is headquartered in Livingston, NJ.