Purkiss Capital Advisors LLC Makes New $723,000 Investment in CoreWeave Inc. $CRWV

Purkiss Capital Advisors LLC bought a new position in CoreWeave Inc. (NASDAQ:CRWV) during the 4th quarter, Holdings Channel reports. The institutional investor bought 10,100 shares of the company’s stock, valued at approximately $723,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC lifted its stake in shares of CoreWeave by 272.8% in the 4th quarter. Cornerstone Planning Group LLC now owns 343 shares of the company’s stock valued at $25,000 after purchasing an additional 251 shares in the last quarter. KERR FINANCIAL PLANNING Corp purchased a new position in CoreWeave in the third quarter valued at approximately $27,000. Aspect Partners LLC purchased a new position in CoreWeave in the third quarter valued at approximately $28,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in CoreWeave during the third quarter valued at approximately $30,000. Finally, Rothschild Investment LLC lifted its position in CoreWeave by 10,700.0% during the third quarter. Rothschild Investment LLC now owns 216 shares of the company’s stock valued at $30,000 after buying an additional 214 shares in the last quarter.

Insider Buying and Selling

In related news, insider Brian M. Venturo sold 1,125,000 shares of the stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $80.86, for a total value 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. This represents a 79.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Magnetar Financial Llc sold 1,404,667 shares of the firm’s stock in a transaction on 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 transaction, the insider directly owned 282,570 shares in the company, valued at $33,428,031. This trade represents a 83.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 24,140,849 shares of company stock valued at $2,703,881,259 in the last 90 days.

CoreWeave Price Performance

CRWV opened at $114.70 on Tuesday. The company has a market capitalization of $50.81 billion, a P/E ratio of -36.88 and a beta of 7.84. The company has a 50-day moving average of $94.85 and a 200-day moving average of $92.18. The company has a debt-to-equity ratio of 4.46, a quick ratio of 0.46 and a current ratio of 0.46. CoreWeave Inc. has a 1-year low of $52.90 and a 1-year high of $187.00.

CoreWeave (NASDAQ:CRWV) last released its earnings results on Thursday, February 26th. The company reported ($0.89) EPS for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.28). CoreWeave had a negative return on equity of 47.88% and a negative net margin of 25.57%.The firm had revenue of $1.57 billion for the quarter. The business’s quarterly revenue was up 110.4% on a year-over-year basis. Equities analysts expect that CoreWeave Inc. will post -4.15 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Macquarie Infrastructure reaffirmed a “neutral” rating and set a $115.00 price target on shares of CoreWeave in a research report on Tuesday, January 27th. Truist Financial raised their price objective on CoreWeave from $85.00 to $131.00 and gave the company a “hold” rating in a research report on Friday. Oppenheimer boosted their price objective on CoreWeave from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $135.00 target price on shares of CoreWeave in a research report on Friday. Finally, Barclays raised their target price on CoreWeave from $106.00 to $120.00 and gave the company an “equal weight” rating in a report on Monday. Twenty investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $131.88.

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.