CoreWeave Inc. $CRWV Shares Bought by Cwm LLC

Cwm LLC lifted its holdings in CoreWeave Inc. (NASDAQ:CRWV) by 26.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 209,931 shares of the company’s stock after purchasing an additional 43,268 shares during the period. Cwm LLC’s holdings in CoreWeave were worth $28,729,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CRWV. Cisco Systems Inc. acquired a new position in CoreWeave in the second quarter worth approximately $173,493,000. Voya Investment Management LLC acquired a new position in shares of CoreWeave in the 3rd quarter worth $110,562,000. Munro Partners raised its position in shares of CoreWeave by 5,272.4% during the third quarter. Munro Partners now owns 616,485 shares of the company’s stock worth $84,366,000 after purchasing an additional 605,010 shares during the period. Geode Capital Management LLC lifted its holdings in shares of CoreWeave by 142.6% during the second quarter. Geode Capital Management LLC now owns 716,178 shares of the company’s stock valued at $116,809,000 after purchasing an additional 420,915 shares during the last quarter. Finally, Lmdagg L.L.C. acquired a new position in shares of CoreWeave in the 2nd quarter valued at $48,030,000.

Analyst Ratings Changes

Several analysts have issued reports on CRWV shares. Roth Capital assumed coverage on CoreWeave in a report on Thursday, December 4th. They set a “buy” rating and a $110.00 price objective on the stock. Macquarie cut their price target on shares of CoreWeave from $140.00 to $115.00 and set a “neutral” rating on the stock in a report on Tuesday, November 11th. HC Wainwright reaffirmed a “buy” rating and issued a $180.00 price objective on shares of CoreWeave in a research note on Wednesday, November 12th. Loop Capital cut their target price on shares of CoreWeave from $165.00 to $120.00 and set a “buy” rating on the stock in a research note on Wednesday, November 12th. Finally, Wells Fargo & Company reduced their target price on CoreWeave from $170.00 to $150.00 and set an “overweight” rating for the company in a report on Wednesday, November 12th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, CoreWeave has a consensus rating of “Hold” and a consensus price target of $127.70.

Insider Transactions at CoreWeave

In related news, insider Brannin Mcbee sold 102,835 shares of the business’s stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $85.30, for a total value of $8,771,825.50. Following the completion of the sale, the insider owned 185,181 shares of the company’s stock, valued at approximately $15,795,939.30. The trade was a 35.70% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Nitin Agrawal sold 36,317 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The shares were sold at an average price of $69.18, for a total transaction of $2,512,410.06. Following the transaction, the chief financial officer directly owned 167,075 shares in the company, valued at approximately $11,558,248.50. The trade was a 17.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 18,769,114 shares of company stock valued at $2,501,681,063 in the last three months.

CoreWeave Stock Down 3.1%

CRWV stock opened at $76.42 on Friday. The company has a 50 day moving average of $92.68 and a two-hundred day moving average of $115.99. The company has a market cap of $29.53 billion and a price-to-earnings ratio of -52.70. CoreWeave Inc. has a 12-month low of $33.51 and a 12-month high of $187.00. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 2.66.

CoreWeave (NASDAQ:CRWV) last posted its quarterly earnings results on Monday, November 10th. The company reported ($0.22) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.14. The company had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.28 billion. The company’s revenue was up 133.7% compared to the same quarter last year. During the same period last year, the company posted ($1.82) earnings per share.

CoreWeave 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.