38,723 CoreWeave Inc. $CRWV Shares Acquired by McGuire Investment Group LLC

McGuire Investment Group LLC increased its holdings in shares of CoreWeave Inc. (NASDAQ:CRWV) by 1,630.4% in the third quarter, Holdings Channel reports. The firm owned 41,098 shares of the company’s stock after buying an additional 38,723 shares during the quarter. McGuire Investment Group LLC’s holdings in CoreWeave were worth $3,580,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Alyeska Investment Group L.P. grew its position in CoreWeave by 55.7% during the 2nd quarter. Alyeska Investment Group L.P. now owns 10,891,267 shares of the company’s stock worth $1,084,117,000 after purchasing an additional 3,897,741 shares during the last quarter. State Street Corp increased its position in CoreWeave by 139.7% in the 2nd quarter. State Street Corp now owns 7,058,846 shares of the company’s stock valued at $702,638,000 after acquiring an additional 4,113,873 shares during the period. Bank of America Corp DE increased its position in CoreWeave by 13.1% in the 1st quarter. Bank of America Corp DE now owns 5,652,129 shares of the company’s stock valued at $437,870,000 after acquiring an additional 653,398 shares during the period. Amundi raised its stake in CoreWeave by 266.2% during the 1st quarter. Amundi now owns 3,284,121 shares of the company’s stock valued at $254,421,000 after acquiring an additional 2,387,337 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in CoreWeave by 64.7% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,415,103 shares of the company’s stock valued at $140,859,000 after acquiring an additional 555,999 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on CRWV shares. HSBC reaffirmed a “reduce” rating and set a $39.00 price objective on shares of CoreWeave in a research report on Tuesday. William Blair assumed coverage on CoreWeave in a report on Wednesday, September 30th. They issued an “outperform” rating on the stock. Needham & Company LLC reissued a “hold” rating on shares of CoreWeave in a report on Thursday, August 13th. BTIG Research started coverage on CoreWeave in a research note on Wednesday, July 22nd. They set a “buy” rating for the company. Finally, Wolfe Research restated an “outperform” rating on shares of CoreWeave in a research note on Monday, July 6th. Twenty-five analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $130.31.

Insider Buying and Selling at CoreWeave

In other CoreWeave news, CEO Michael N. Intrator sold 200,000 shares of the firm’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $66.62, for a total value of $13,324,000.00. Following the completion of the sale, the chief executive officer owned 2,276,815 shares of the company’s stock, valued at approximately $151,681,415.30. This trade represents a 8.07% 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 307,131 shares of the business’s stock in a transaction on Friday, August 14th. The stock was sold at an average price of $108.75, for a total transaction of $33,400,496.25. Following the sale, the insider owned 220,810 shares in the company, valued at $24,013,087.50. The trade was a 58.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 5,352,578 shares of company stock valued at $471,777,344 in the last quarter. 24.20% of the stock is currently owned by company insiders.

Trending Headlines about CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave’s long-term growth case remains substantial. The company reportedly has approximately $104 billion in contracted revenue, has implemented a 25% price increase and is bringing additional data-center capacity online. Bank of America maintained a Buy rating and cited the potential for a 168% year-over-year increase in third-quarter revenue. CoreWeave capacity expansion to drive revenue growth, Bank of America says
• Positive Sentiment: New enterprise products, including a Zero Trust AI Framework and Physical AI Launchables, could broaden CoreWeave’s customer base by addressing security and deployment concerns in robotics, autonomous vehicles and other advanced workloads. Does CoreWeave Change The Enterprise AI Case With New Security Tools?
• Neutral Sentiment: Some analysts and industry executives argue that the AI selloff is overdone and that demand fundamentals remain strong. However, investors are waiting for upcoming third-quarter results to determine whether revenue growth is translating into cash flow and sustainable profits. The AI Rout: Sorting CAPEX Fact From Fiction
• Negative Sentiment: Higher Treasury yields are reducing the appeal of speculative growth stocks and increasing CoreWeave’s borrowing costs. Its balance sheet is highly leveraged, with a debt-to-equity ratio above 5, while its bonds and credit-default swaps have shown signs of investor stress. Analysts have highlighted a potential $76 billion funding gap to support planned expansion. Bernstein puts CoreWeave’s funding gap at $76 billion
• Negative Sentiment: Analyst sentiment has deteriorated. Morgan Stanley reduced its price target from $99 to $70 and assigned an Equal Weight rating, while other analysts have also cut targets amid financing concerns. The downgrades are reinforcing the view that strong AI demand may not offset near-term capital and liquidity risks. Morgan Stanley lowers CoreWeave price target
• Negative Sentiment: Short sellers have profited from the selloff in AI data-center stocks, and concerns about expensive debt, large capital expenditures and uncertain returns could continue to pressure CRWV until the company demonstrates stronger free cash flow. Short Sellers Just Made $6 Billion Betting Against AI Data Center Stocks

CoreWeave Stock Performance

Shares of CRWV stock opened at $54.24 on Friday. The company has a market cap of $24.89 billion, a price-to-earnings ratio of -14.86 and a beta of 7.36. The stock has a 50 day simple moving average of $82.95 and a 200-day simple moving average of $93.76. CoreWeave Inc. has a 12-month low of $53.50 and a 12-month high of $141.79. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 5.53.

CoreWeave (NASDAQ:CRWV) last posted its quarterly earnings results on Tuesday, August 11th. The company reported ($1.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.52) by $0.38. CoreWeave had a negative return on equity of 47.95% and a negative net margin of 25.41%. The firm had revenue of $2.58 billion for the quarter. During the same quarter last year, the firm earned ($0.27) earnings per share. The firm’s quarterly revenue was up 112.5% compared to the same quarter last year. On average, equities analysts forecast that CoreWeave Inc. will post -4.96 EPS for the current year.

CoreWeave Company Profile

CoreWeave, Inc is a specialized cloud computing company that provides infrastructure designed for artificial intelligence (AI), machine learning, and other high-performance computing workloads. Its platform gives customers access to accelerated computing resources, including graphics processing units (GPUs), along with the networking, storage, and software tools needed to develop, train, and deploy demanding applications.

The company offers cloud services for AI model training and inference, visual effects and rendering, scientific computing, and other data-intensive workloads.