PNC Financial Services Group Inc. Buys 38,205 Shares of CoreWeave Inc. $CRWV

PNC Financial Services Group Inc. boosted its holdings in shares of CoreWeave Inc. (NASDAQ:CRWV) by 248.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 53,556 shares of the company’s stock after acquiring an additional 38,205 shares during the period. PNC Financial Services Group Inc.’s holdings in CoreWeave were worth $3,835,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Sivia Capital Partners LLC purchased a new stake in shares of CoreWeave in the second quarter valued at about $39,824,000. Quantbot Technologies LP purchased a new stake in shares of CoreWeave in the second quarter valued at about $311,000. Invesco Ltd. purchased a new stake in shares of CoreWeave in the second quarter valued at about $882,000. First Trust Advisors LP purchased a new stake in shares of CoreWeave in the second quarter valued at about $20,260,000. Finally, Baird Financial Group Inc. purchased a new stake in shares of CoreWeave in the second quarter valued at about $455,000.

Insider Buying and Selling

In other news, insider Brian M. Venturo sold 1,125,000 shares of the firm’s stock in a transaction that occurred on Monday, April 6th. The shares were 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 in the company, valued at approximately $23,071,541.22. This trade represents a 79.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 that occurred on Thursday, April 16th. The shares were sold at an average price of $118.30, for a total transaction of $166,172,106.10. Following the completion of the transaction, the insider owned 282,570 shares of the company’s stock, valued at $33,428,031. This trade represents a 83.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 25,217,073 shares of company stock valued at $2,824,592,756 over the last 90 days.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Bank of America upgraded shares of CoreWeave from a “neutral” rating to a “buy” rating and set a $100.00 target price for the company in a report on Tuesday, March 24th. Evercore reiterated an “outperform” rating and issued a $150.00 target price on shares of CoreWeave in a report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $135.00 target price on shares of CoreWeave in a report on Friday, May 8th. Barclays increased their target price on shares of CoreWeave from $106.00 to $120.00 and gave the company an “equal weight” rating in a report on Monday, May 11th. Finally, Mizuho raised their price objective on shares of CoreWeave from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Nineteen investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $129.63.

CoreWeave Price Performance

CRWV stock opened at $105.49 on Tuesday. The firm has a 50 day moving average of $100.73 and a 200-day moving average of $90.55. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 3.68. CoreWeave Inc. has a 12 month low of $63.80 and a 12 month high of $187.00. The firm has a market capitalization of $47.21 billion, a P/E ratio of -33.92 and a beta of 7.84.

CoreWeave (NASDAQ:CRWV) last released its quarterly earnings data 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 net margin of 25.57% and a negative return on equity of 43.07%. The firm had revenue of $1.57 billion during the quarter. CoreWeave’s revenue for the quarter was up 110.4% compared to the same quarter last year. As a group, sell-side analysts predict that CoreWeave Inc. will post -4.58 earnings per share for the current fiscal year.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave closed a $3.1 billion HPC loan backed by its high-performance computing infrastructure, giving it more capital to fund AI data-center growth and reinforcing confidence in its funding access. CoreWeave’s $3.1b HPC Loan And Russell 3000 Entry Reshape Funding Story
• Positive Sentiment: CoreWeave’s inclusion in the Russell 3000 adds index-related visibility and could support additional buying from passive funds. CoreWeave’s $3.1b HPC Loan And Russell 3000 Entry Reshape Funding Story
• Positive Sentiment: Macquarie upgraded CoreWeave to outperform, and the stock also drew attention from bullish commentary tying it to broader AI infrastructure demand and “AI empire” investment themes. CoreWeave climbs on recent deals; Macquarie upgrades stock to outperform SpaceX Gets the Attention, But These 4 Stocks Could Get the Returns (CRWV)

About CoreWeave

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.