World Investment Advisors Buys 5,652 Shares of CoreWeave Inc. $CRWV

World Investment Advisors lifted its stake in shares of CoreWeave Inc. (NASDAQ:CRWVFree Report) by 238.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,026 shares of the company’s stock after purchasing an additional 5,652 shares during the quarter. World Investment Advisors’ holdings in CoreWeave were worth $575,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Cornerstone Planning Group LLC lifted its position in CoreWeave by 272.8% during the fourth quarter. Cornerstone Planning Group LLC now owns 343 shares of the company’s stock worth $25,000 after purchasing an additional 251 shares during the period. KERR FINANCIAL PLANNING Corp acquired a new position in shares of CoreWeave in the 3rd quarter valued at approximately $27,000. Cullen Frost Bankers Inc. lifted its holdings in shares of CoreWeave by 45.8% during the 4th quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock worth $28,000 after acquiring an additional 121 shares during the period. Greenline Wealth Management LLC bought a new stake in shares of CoreWeave during the 4th quarter worth approximately $28,000. Finally, Highline Wealth Partners LLC bought a new stake in shares of CoreWeave during the 4th quarter worth approximately $32,000.

Key Stories Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

Insider Activity

In other news, CFO Nitin Agrawal sold 58,429 shares of the stock in a transaction on Tuesday, June 16th. The stock was sold at an average price of $116.70, for a total value of $6,818,664.30. Following the completion of the transaction, the chief financial officer directly owned 193,771 shares in the company, valued at approximately $22,613,075.70. This represents a 23.17% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Chen Goldberg sold 5,541 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $107.29, for a total value of $594,493.89. Following the completion of the transaction, the executive vice president owned 59,368 shares of the company’s stock, valued at $6,369,592.72. The trade was a 8.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 27,822,618 shares of company stock valued at $3,156,634,374.

Wall Street Analysts Forecast Growth

CRWV has been the topic of a number of recent analyst reports. Bank of America raised shares of CoreWeave from a “neutral” rating to a “buy” rating and set a $100.00 price objective on the stock in a research note on Tuesday, March 24th. Sanford C. Bernstein restated an “underperform” rating on shares of CoreWeave in a research note on Thursday, June 11th. JPMorgan Chase & Co. raised their target price on CoreWeave from $90.00 to $105.00 and gave the company a “neutral” rating in a report on Friday, May 8th. DA Davidson reiterated a “neutral” rating and issued a $100.00 price target (down from $175.00) on shares of CoreWeave in a research note on Monday, May 18th. Finally, Jefferies Financial Group boosted their price target on CoreWeave from $120.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Twenty analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $131.52.

View Our Latest Research Report on CRWV

CoreWeave Trading Down 4.8%

Shares of CoreWeave stock opened at $106.00 on Wednesday. The firm has a market capitalization of $47.44 billion, a PE ratio of -34.08 and a beta of 7.14. 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 firm’s 50 day moving average is $111.42 and its 200 day moving average is $94.42. CoreWeave Inc. has a 1 year low of $63.80 and a 1 year high of $183.98.

CoreWeave (NASDAQ:CRWVGet Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported ($1.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.17) by ($0.23). The company had revenue of $2.08 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 111.6% compared to the same quarter last year. During the same period last year, the company posted ($0.60) EPS. Equities research analysts forecast that CoreWeave Inc. will post -4.57 earnings per share for the current fiscal year.

CoreWeave Company 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.

See Also

Institutional Ownership by Quarter for CoreWeave (NASDAQ:CRWV)

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