27,879 CoreWeave Inc. $CRWV Shares Acquired by ProShare Advisors LLC

ProShare Advisors LLC lifted its position in shares of CoreWeave Inc. (NASDAQ:CRWV) by 6.7% during the third quarter, HoldingsChannel reports. The fund owned 444,714 shares of the company’s stock after acquiring an additional 27,879 shares during the quarter. ProShare Advisors LLC’s holdings in CoreWeave were worth $38,743,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its holdings in CoreWeave by 66.9% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 145,356 shares of the company’s stock valued at $12,663,000 after purchasing an additional 58,265 shares in the last quarter. Parcion Private Wealth LLC acquired a new position in CoreWeave during the 3rd quarter worth approximately $374,000. Soltis Investment Advisors LLC raised its stake in shares of CoreWeave by 76.5% during the 3rd quarter. Soltis Investment Advisors LLC now owns 3,662 shares of the company’s stock worth $319,000 after buying an additional 1,587 shares in the last quarter. Choreo LLC raised its stake in shares of CoreWeave by 22.2% during the 3rd quarter. Choreo LLC now owns 5,521 shares of the company’s stock worth $481,000 after buying an additional 1,004 shares in the last quarter. Finally, Interchange Capital Partners LLC raised its stake in shares of CoreWeave by 51.1% during the 3rd quarter. Interchange Capital Partners LLC now owns 6,861 shares of the company’s stock worth $598,000 after buying an additional 2,320 shares in the last quarter.

CoreWeave Price Performance

CRWV opened at $54.87 on Monday. The business’s fifty day moving average is $79.45 and its two-hundred day moving average is $91.02. The company has a debt-to-equity ratio of 5.53, a quick ratio of 0.46 and a current ratio of 0.46. The company has a market cap of $25.18 billion, a price-to-earnings ratio of -15.03 and a beta of 7.36. CoreWeave Inc. has a one year low of $51.24 and a one year high of $138.36.

CoreWeave (NASDAQ:CRWV) last posted its earnings results on Tuesday, August 11th. The company reported ($1.14) earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $2.58 billion for the quarter. During the same period last year, the company posted ($0.27) EPS. The firm’s revenue for the quarter was up 112.5% on a year-over-year basis. Analysts anticipate that CoreWeave Inc. will post -4.97 EPS for the current fiscal year.

More CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave is adding AI-cloud capacity in Denmark and building a dedicated backbone connecting Europe with customers in the Middle East and Asia-Pacific. Management says the expanded platform will serve enterprise AI clients across four continents, supporting the company’s long-term growth strategy. CoreWeave Adds Denmark Capacity to Its Global AI Cloud Platform
• Positive Sentiment: A bullish investment analysis highlights CoreWeave’s potentially rapid growth as demand for AI computing expands, though the opportunity is framed as most suitable for aggressive investors because of the company’s risk profile. CoreWeave’s Meteoric Growth Potential
• Neutral Sentiment: Analysts continue to rate CoreWeave around “Moderate Buy,” while comparisons with Microsoft emphasize CRWV’s greater upside potential but also substantially higher risk, debt and concentration. CoreWeave Rated Moderate Buy
• Negative Sentiment: AI-cloud stocks sold off as investors questioned whether major technology companies will continue spending aggressively on outside computing capacity. Microsoft’s lower-than-expected capital expenditures intensified concerns about AI infrastructure demand, data-center delivery timelines and future revenue growth for neocloud providers. Why Neocloud Stocks Are Falling After Microsoft’s Capex Miss
• Negative Sentiment: Comments attributed to Microsoft CEO Satya Nadella criticizing business models dependent on renting AI capacity to a small number of large customers raised concerns about CoreWeave’s customer concentration and business durability. Satya Nadella Just Took a Shot at Oracle and CoreWeave
• Negative Sentiment: Reports that CoreWeave’s debt prices have weakened sharply are fueling fears about refinancing and potential default risk. The company’s leveraged balance sheet makes higher interest costs, slower customer demand or delayed data-center deployments particularly damaging. Elon Musk vs. Jensen Huang: Who Is Right About CoreWeave?
• Negative Sentiment: A shareholder litigation firm said it is investigating potential claims involving CoreWeave’s officers and directors, adding a legal and reputational risk overhang. Investor Action Notice Regarding CoreWeave

Insiders Place Their Bets

In other CoreWeave news, CRO Jonathan Jones sold 21,569 shares of the firm’s stock in a transaction dated Tuesday, October 13th. The shares were sold at an average price of $77.42, for a total transaction of $1,669,871.98. Following the completion of the transaction, the executive directly owned 5,392 shares in the company, valued at approximately $417,448.64. This trade represents a 80.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Jeff Baker sold 6,670 shares of CoreWeave stock in a transaction dated Thursday, October 29th. The stock was sold at an average price of $61.16, for a total transaction of $407,937.20. Following the transaction, the insider owned 14,170 shares of the company’s stock, valued at approximately $866,637.20. The trade was a 32.01% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 4,545,101 shares of company stock worth $412,905,249. 24.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on CRWV. Northland Securities set a $200.00 price target on CoreWeave in a research note on Wednesday, October 7th. William Blair initiated coverage on CoreWeave in a report on Wednesday, September 30th. They set an “outperform” rating on the stock. Citigroup increased their price objective on CoreWeave from $142.00 to $159.00 and gave the stock a “buy” rating in a research report on Friday, August 14th. Wells Fargo & Company raised their target price on CoreWeave from $155.00 to $160.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. Finally, Mizuho decreased their target price on shares of CoreWeave from $115.00 to $88.00 and set a “neutral” rating on the stock in a research report on Thursday, October 15th. Twenty-seven research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $130.24.

About CoreWeave

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.