Truist Financial Corp Lowers Holdings in CoreWeave Inc. $CRWV

Truist Financial Corp trimmed its position in CoreWeave Inc. (NASDAQ:CRWV) by 32.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 19,824 shares of the company’s stock after selling 9,484 shares during the period. Truist Financial Corp’s holdings in CoreWeave were worth $1,420,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently made changes to their positions in the stock. Benjamin Edwards Inc. purchased a new stake in shares of CoreWeave during the 4th quarter worth $754,000. Signature Wealth Management Partners LLC purchased a new stake in shares of CoreWeave during the 4th quarter worth $393,000. Cornerstone Planning Group LLC boosted its position in shares of CoreWeave by 272.8% during the 4th quarter. Cornerstone Planning Group LLC now owns 343 shares of the company’s stock worth $25,000 after purchasing an additional 251 shares in the last quarter. Robertson Stephens Wealth Management LLC purchased a new stake in shares of CoreWeave during the 4th quarter worth $224,000. Finally, Fifth Third Bancorp boosted its position in shares of CoreWeave by 38.1% during the 4th quarter. Fifth Third Bancorp now owns 967 shares of the company’s stock worth $69,000 after purchasing an additional 267 shares in the last quarter.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave launched Sandboxes, a new execution layer for AI workloads designed to improve secure, isolated AI agent operations and support higher-value monetization across on-prem and serverless deployments. CoreWeave Sandboxes Targets AI Agent Workloads And Higher Value Monetization
• Positive Sentiment: Citigroup raised its price target on CoreWeave to $158 and kept a Buy rating, reinforcing Wall Street’s optimism about the company’s AI infrastructure growth story. CoreWeave (NASDAQ:CRWV) Given New $158.00 Price Target at Citigroup
• Positive Sentiment: CoreWeave was highlighted as a potential beneficiary of capital rotation into AI data center stocks, which may support sentiment toward the shares. 3 AI Data Center Stocks Worth Watching for Capital Rotation (CRWV)
• Neutral Sentiment: CoreWeave was also mentioned as a top GPU-as-a-service stock to watch, with analyst coverage still broadly constructive on the company’s long-term AI demand outlook. CoreWeave (CRWV) Is One Of Our Top Data Center GPU-As-A-Service Stock To Buy
• Neutral Sentiment: CoreWeave said it will present at the J.P. Morgan Global Technology, Media and Communications Conference on May 19, an event that could provide a near-term catalyst if management offers new updates. CoreWeave to Participate in the J.P. Morgan Global Technology, Media and Communications Conference
• Negative Sentiment: CEO Michael Intrator, co-founder Brian Venturo, and insider Jeff Baker all disclosed large stock sales over the past few days, which can weigh on investor sentiment even when some trades were made under pre-arranged plans. CoreWeave insider Form 4 filing CoreWeave insider Form 4 filing
• Negative Sentiment: Bearish commentary continues to focus on CoreWeave’s high debt load, ongoing losses, and questions about whether its AI growth rate can stay as strong as investors expect. CoreWeave stock falls as the AI growth story slows down

Insider Activity

In related news, major shareholder Magnetar Financial Llc sold 1,404,667 shares of the business’s stock in a transaction dated 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 transaction, the insider owned 282,570 shares of the company’s stock, valued at approximately $33,428,031. The trade was a 83.25% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Brian M. Venturo sold 1,125,000 shares of the business’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $80.86, for a total transaction of $90,967,500.00. Following the completion of the transaction, the insider directly owned 285,327 shares of the company’s stock, valued at $23,071,541.22. The trade was a 79.77% decrease in their position. 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 sold a total of 24,875,276 shares of company stock valued at $2,787,216,271 in the last three months.

Analysts Set New Price Targets

Several equities research analysts have commented on CRWV shares. HC Wainwright restated a “buy” rating and set a $180.00 target price on shares of CoreWeave in a research report on Monday, March 2nd. Needham & Company LLC restated a “hold” rating on shares of CoreWeave in a research report on Friday, February 27th. JPMorgan Chase & Co. boosted their target price on shares of CoreWeave from $90.00 to $105.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. 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 report on Thursday. Finally, Cantor Fitzgerald boosted their target price on shares of CoreWeave from $156.00 to $167.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. Twenty investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, CoreWeave has a consensus rating of “Moderate Buy” and a consensus target price of $131.97.

CoreWeave Trading Down 6.1%

NASDAQ:CRWV opened at $107.30 on Friday. The company has a market capitalization of $48.02 billion, a PE ratio of -34.50 and a beta of 7.84. The company has a quick ratio of 0.46, a current ratio of 0.31 and a debt-to-equity ratio of 3.68. CoreWeave Inc. has a 52-week low of $63.80 and a 52-week high of $187.00. The stock has a fifty day simple moving average of $97.44 and a 200-day simple moving average of $91.98.

CoreWeave (NASDAQ:CRWV) last released 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). The firm had revenue of $1.57 billion for the quarter. CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.CoreWeave’s quarterly revenue was up 110.4% on a year-over-year basis. On average, equities research analysts expect that CoreWeave Inc. will post -4.15 earnings per share for the current fiscal 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.