CoreWeave Inc. $CRWV Stock Acquired by Kornitzer Capital Management Inc. KS

Kornitzer Capital Management Inc. KS grew its position in shares of CoreWeave Inc. (NASDAQ:CRWV) by 207.9% during the third quarter, HoldingsChannel.com reports. The firm owned 78,151 shares of the company’s stock after purchasing an additional 52,766 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in CoreWeave were worth $6,809,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Parallel Advisors LLC grew its stake in shares of CoreWeave by 4.0% in the first quarter. Parallel Advisors LLC now owns 2,340 shares of the company’s stock worth $181,000 after purchasing an additional 91 shares during the last quarter. Pathway Wealth Management LLC lifted its stake in shares of CoreWeave by 2.9% in the first quarter. Pathway Wealth Management LLC now owns 3,593 shares of the company’s stock worth $278,000 after acquiring an additional 100 shares during the period. Azzad Asset Management Inc. ADV boosted its holdings in CoreWeave by 2.1% in the first quarter. Azzad Asset Management Inc. ADV now owns 5,020 shares of the company’s stock valued at $389,000 after acquiring an additional 104 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in CoreWeave by 3.6% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,128 shares of the company’s stock worth $411,000 after purchasing an additional 145 shares during the last quarter. Finally, Cooper Financial Group boosted its stake in shares of CoreWeave by 5.0% in the 3rd quarter. Cooper Financial Group now owns 3,066 shares of the company’s stock valued at $267,000 after purchasing an additional 147 shares during the last quarter.

Insiders Place Their Bets

In other news, major shareholder Magnetar Financial Llc sold 307,131 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $108.75, for a total value of $33,400,496.25. Following the completion of the transaction, the insider directly owned 220,810 shares of the company’s stock, valued at $24,013,087.50. This represents a 58.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Kristen J. Mcveety sold 156,000 shares of CoreWeave stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $81.63, for a total value of $12,734,280.00. Following the sale, the insider owned 123,313 shares in the company, valued at $10,066,040.19. This trade represents a 55.85% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 4,021,100 shares of company stock valued at $364,306,253 in the last 90 days. 24.20% of the stock is currently owned by corporate insiders.

Key Headlines Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Better-than-expected results from other AI-cloud companies helped spark a sector relief rally, lifting CoreWeave after Thursday’s losses. Article: Cloudflare and IREN earnings spark an AI-cloud rebound
• Positive Sentiment: Investors are looking to strong AI demand, a reported $104 billion backlog and expanding infrastructure as potential supports for CoreWeave’s Q3 results. Article: CRWV poised for a Q3 earnings beat
• Neutral Sentiment: Q3 expectations point to rapid growth—guidance implies roughly 158% year-over-year revenue growth—but an adjusted operating margin of about 6.5% would underscore that growth is not yet translating into robust profitability. Article: CoreWeave stock is no bargain—earnings preview
• Negative Sentiment: CoreWeave’s bond yield has topped 16%, signaling heightened concern about the cost of financing its infrastructure expansion. High leverage and a 0.46 current ratio add to refinancing and liquidity risks. Article: CoreWeave bond yield tops 16%
• Negative Sentiment: Investors are also weighing possible tighter rules and slower permitting for data centers, including in Texas, a key market for infrastructure growth. Article: Is CoreWeave facing a growth squeeze from data-center rules?
• Negative Sentiment: A broader pullback in AI and data-center stocks, alongside an analyst downgrade and a price-target cut, has added pressure ahead of earnings. Article: AI stocks hammered as data-center concerns rise

Analysts Set New Price Targets

A number of analysts have weighed in on CRWV shares. Roth Capital set a $145.00 price target on CoreWeave in a report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $150.00 price objective (up from $135.00) on shares of CoreWeave in a research note on Friday, August 7th. Piper Sandler reduced their price target on shares of CoreWeave from $153.00 to $124.00 and set an “overweight” rating for the company in a report on Wednesday, October 21st. Robert W. Baird increased their price objective on shares of CoreWeave from $100.00 to $130.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. Finally, BNP Paribas Exane reiterated an “outperform” rating and issued a $117.00 target price on shares of CoreWeave in a report on Monday, October 19th. Twenty-seven equities 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 stock. Based on data from MarketBeat, CoreWeave presently has an average rating of “Moderate Buy” and an average price target of $129.41.

CoreWeave Stock Performance

Shares of CoreWeave stock opened at $46.40 on Monday. The company has a market cap of $21.29 billion, a PE ratio of -12.71 and a beta of 7.71. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 5.53. CoreWeave Inc. has a 52 week low of $40.58 and a 52 week high of $138.25. The business has a 50 day moving average price of $75.56 and a 200-day moving average price of $89.88.

CoreWeave (NASDAQ:CRWV) last announced its quarterly earnings results on Tuesday, August 11th. The company reported ($1.14) earnings per share (EPS) for the quarter, topping 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 business had revenue of $2.58 billion during the quarter. During the same quarter last year, the company posted ($0.27) EPS. The company’s quarterly revenue was up 112.5% compared to the same quarter last year. Equities analysts anticipate that CoreWeave Inc. will post -4.97 earnings per share for the current fiscal year.

CoreWeave Profile

CoreWeave is a cloud computing company that provides infrastructure for artificial intelligence, machine learning, and other compute-intensive workloads. Its services include access to graphics processing units (GPUs), cloud storage and networking, and software tools for deploying and managing workloads.

The company was founded in 2017 as a cryptocurrency mining business and later shifted its focus to cloud computing. CoreWeave is headquartered in Livingston, New Jersey, and operates data center infrastructure in the United States and Europe, serving customers that need large-scale computing resources.

Co-founder Michael Intrator serves as CoreWeave’s chief executive officer.