Newbridge Financial Services Group Inc. Has $3.09 Million Stock Position in CoreWeave Inc. $CRWV

Newbridge Financial Services Group Inc. lifted its stake in CoreWeave Inc. (NASDAQ:CRWV) by 890.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,211 shares of the company’s stock after acquiring an additional 38,849 shares during the period. Newbridge Financial Services Group Inc.’s holdings in CoreWeave were worth $3,094,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of CRWV. Sivia Capital Partners LLC acquired a new stake in shares of CoreWeave in the second quarter worth $39,824,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of CoreWeave in the second quarter worth $306,000. Quantbot Technologies LP acquired a new stake in shares of CoreWeave in the second quarter worth $311,000. CW Advisors LLC bought a new position in CoreWeave in the second quarter worth $864,000. Finally, Invesco Ltd. bought a new position in CoreWeave in the second quarter worth $882,000.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Wells Fargo & Company reduced their target price on CoreWeave from $150.00 to $125.00 and set an “overweight” rating for the company in a research report on Thursday, January 8th. Oppenheimer assumed coverage on CoreWeave in a research report on Friday, March 6th. They issued an “outperform” rating and a $140.00 target price for the company. Roth Mkm reaffirmed a “buy” rating on shares of CoreWeave in a research report on Monday, February 23rd. Mizuho reduced their target price on CoreWeave from $100.00 to $95.00 and set a “neutral” rating for the company in a research report on Friday, February 27th. Finally, Citizens Jmp reaffirmed a “market outperform” rating and issued a $180.00 target price on shares of CoreWeave in a research report on Friday, February 27th. Nineteen research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $121.06.

Insider Buying and Selling at CoreWeave

In other CoreWeave news, CEO Michael N. Intrator sold 244,017 shares of CoreWeave stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $78.77, for a total transaction of $19,221,219.09. Following the completion of the transaction, the chief executive officer directly owned 5,707,978 shares of the company’s stock, valued at approximately $449,617,427.06. This trade represents a 4.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brian M. Venturo sold 912,122 shares of CoreWeave stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $79.18, for a total value of $72,221,819.96. Following the transaction, the insider directly owned 285,327 shares of the company’s stock, valued at approximately $22,592,191.86. The trade was a 76.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 6,211,208 shares of company stock valued at $520,614,381.

CoreWeave Stock Down 1.6%

Shares of CRWV stock opened at $80.94 on Tuesday. The stock has a market cap of $33.92 billion and a P/E ratio of -25.29. CoreWeave Inc. has a one year low of $33.51 and a one year high of $187.00. The stock has a fifty day moving average price of $86.19 and a 200 day moving average price of $95.48. The company has a debt-to-equity ratio of 4.46, a current ratio of 0.46 and a quick ratio of 0.46.

CoreWeave (NASDAQ:CRWV) last issued its quarterly earnings data on Thursday, February 26th. The company reported ($0.89) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.28). The company had revenue of $1.57 billion for the quarter. CoreWeave had a negative net margin of 22.75% and a negative return on equity of 33.82%. CoreWeave’s revenue was up 110.4% compared to the same quarter last year.

CoreWeave Profile

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.