Rockefeller Capital Management L.P. Has $4.77 Million Holdings in CoreWeave Inc. $CRWV

Rockefeller Capital Management L.P. increased its holdings in shares of CoreWeave Inc. (NASDAQ:CRWV) by 95.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 66,623 shares of the company’s stock after purchasing an additional 32,569 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in CoreWeave were worth $4,771,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in CoreWeave by 275.6% in the 4th quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company’s stock valued at $1,999,421,000 after purchasing an additional 20,487,478 shares during the period. Proficio Capital Partners LLC raised its position in shares of CoreWeave by 446,194.0% in the third quarter. Proficio Capital Partners LLC now owns 17,851,760 shares of the company’s stock valued at $2,443,013,000 after buying an additional 17,847,760 shares in the last quarter. Clear Street Group Inc. raised its position in shares of CoreWeave by 57.2% in the fourth quarter. Clear Street Group Inc. now owns 4,653,815 shares of the company’s stock valued at $333,260,000 after buying an additional 1,692,916 shares in the last quarter. Alyeska Investment Group L.P. raised its position in shares of CoreWeave by 300.0% in the fourth quarter. Alyeska Investment Group L.P. now owns 4,000,000 shares of the company’s stock valued at $286,440,000 after buying an additional 3,000,000 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of CoreWeave by 22,624.0% in the fourth quarter. Deutsche Bank AG now owns 3,812,856 shares of the company’s stock valued at $273,039,000 after buying an additional 3,796,077 shares during the period.

Insider Buying and Selling at CoreWeave

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 sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 CoreWeave 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 sale, 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 28,457,234 shares of company stock worth $3,225,112,891 over the last 90 days.

Key Stories Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Rosenblatt Securities initiated coverage with a Buy rating and a $250 price target, reinforcing the bullish view that CoreWeave could benefit from rising demand for AI infrastructure. Read More
• Positive Sentiment: BNP Paribas and other reports highlighted CoreWeave as a key beneficiary of the next AI chip cycle, while Cantor Fitzgerald reiterated an Overweight rating and a $167 target. Article Title
• Positive Sentiment: CoreWeave announced a partnership with Conapto to expand AI cloud capacity in Sweden, which supports the company’s growth narrative and international expansion. Article Title
• Neutral Sentiment: Several articles argue CoreWeave is one of the stocks that could double over the next two years, reflecting strong long-term enthusiasm but no new hard financial data. Article Title
• Negative Sentiment: CEO Michael Intrator sold shares under a pre-arranged trading plan, and insider Brannin McBee also sold stock. Even though the sales were planned, insider selling can still weigh on sentiment. SEC Filing

CoreWeave Trading Down 2.2%

Shares of CRWV stock opened at $96.58 on Friday. CoreWeave Inc. has a fifty-two week low of $63.80 and a fifty-two week high of $173.35. The stock’s fifty day moving average price is $110.42 and its two-hundred day moving average price is $94.62. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market cap of $43.23 billion, a PE ratio of -31.05 and a beta of 7.14.

CoreWeave (NASDAQ:CRWV) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($1.40) EPS for the quarter, missing analysts’ consensus estimates of ($1.17) by ($0.23). CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.The business had revenue of $2.08 billion for the quarter. During the same period in the prior year, the business earned ($0.60) earnings per share. The business’s quarterly revenue was up 111.6% compared to the same quarter last year. Equities analysts predict that CoreWeave Inc. will post -4.57 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on CRWV shares. Wells Fargo & Company raised their price objective on CoreWeave from $135.00 to $155.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. DA Davidson reiterated a “neutral” rating and set a $100.00 target price (down from $175.00) on shares of CoreWeave in a research report on Monday, May 18th. Weiss Ratings raised CoreWeave from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $135.00 price target on shares of CoreWeave in a research note on Friday, May 8th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $180.00 price objective on shares of CoreWeave in a research report on Monday, March 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $135.00.

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.