11,646 Shares in CoreWeave Inc. $CRWV Acquired by Swiss Life Asset Management Ltd

Swiss Life Asset Management Ltd purchased a new position in CoreWeave Inc. (NASDAQ:CRWV) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 11,646 shares of the company’s stock, valued at approximately $834,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Strait & Sound Wealth Management LLC increased its holdings in CoreWeave by 72.3% in the 4th quarter. Strait & Sound Wealth Management LLC now owns 5,099 shares of the company’s stock worth $365,000 after buying an additional 2,139 shares during the period. Strengthening Families & Communities LLC increased its holdings in CoreWeave by 109.4% in the 4th quarter. Strengthening Families & Communities LLC now owns 8,074 shares of the company’s stock worth $578,000 after buying an additional 4,219 shares during the period. International Assets Investment Management LLC acquired a new position in CoreWeave in the 4th quarter worth approximately $1,973,000. Diversify Wealth Management LLC increased its holdings in CoreWeave by 23.3% in the 4th quarter. Diversify Wealth Management LLC now owns 4,088 shares of the company’s stock worth $293,000 after buying an additional 773 shares during the period. Finally, ASR Vermogensbeheer N.V. acquired a new position in CoreWeave in the 4th quarter worth approximately $895,000.

Insider Buying and Selling

In other news, insider Brian M. Venturo sold 1,125,000 shares of the stock in a transaction that occurred on Monday, April 6th. The stock was sold at an average price of $80.86, for a total transaction of $90,967,500.00. Following the transaction, the insider owned 285,327 shares in the company, valued at $23,071,541.22. This trade represents a 79.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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 the stock in a transaction that occurred on Thursday, April 16th. The shares were sold at an average price of $118.30, for a total value of $166,172,106.10. Following the transaction, the insider owned 282,570 shares in the company, valued at $33,428,031. This trade represents a 83.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 24,875,276 shares of company stock worth $2,787,216,271 in the last quarter.

Analysts Set New Price Targets

Several brokerages recently weighed in on CRWV. Evercore reiterated an “outperform” rating and issued a $150.00 price target on shares of CoreWeave in a report on Wednesday, April 15th. DA Davidson raised their price objective on shares of CoreWeave from $125.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday, April 13th. Citizens Jmp reaffirmed a “market outperform” rating and set a $180.00 price objective on shares of CoreWeave in a research note on Friday, February 27th. Citigroup raised their price objective on shares of CoreWeave from $155.00 to $158.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Cantor Fitzgerald raised their price objective on shares of CoreWeave from $156.00 to $167.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. Twenty research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $131.97.

CoreWeave Price Performance

Shares of NASDAQ CRWV opened at $107.30 on Friday. The stock has a market capitalization of $48.02 billion, a price-to-earnings ratio of -34.50 and a beta of 7.84. CoreWeave Inc. has a 12 month low of $63.80 and a 12 month high of $187.00. The firm’s 50 day simple moving average is $97.44 and its 200-day simple moving average is $91.98. The company has a debt-to-equity ratio of 3.68, a current ratio of 0.31 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) EPS for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.28). CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.The firm had revenue of $1.57 billion for the quarter. The business’s revenue was up 110.4% on a year-over-year basis. Analysts expect that CoreWeave Inc. will post -4.15 EPS for the current year.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave launched Sandboxes, a new execution layer for AI workloads designed to improve secure, isolated AI agent operations and support higher-value monetization across on-prem and serverless deployments. CoreWeave Sandboxes Targets AI Agent Workloads And Higher Value Monetization
• Positive Sentiment: Citigroup raised its price target on CoreWeave to $158 and kept a Buy rating, reinforcing Wall Street’s optimism about the company’s AI infrastructure growth story. CoreWeave (NASDAQ:CRWV) Given New $158.00 Price Target at Citigroup
• Positive Sentiment: CoreWeave was highlighted as a potential beneficiary of capital rotation into AI data center stocks, which may support sentiment toward the shares. 3 AI Data Center Stocks Worth Watching for Capital Rotation (CRWV)
• Neutral Sentiment: CoreWeave was also mentioned as a top GPU-as-a-service stock to watch, with analyst coverage still broadly constructive on the company’s long-term AI demand outlook. CoreWeave (CRWV) Is One Of Our Top Data Center GPU-As-A-Service Stock To Buy
• Neutral Sentiment: CoreWeave said it will present at the J.P. Morgan Global Technology, Media and Communications Conference on May 19, an event that could provide a near-term catalyst if management offers new updates. CoreWeave to Participate in the J.P. Morgan Global Technology, Media and Communications Conference
• Negative Sentiment: CEO Michael Intrator, co-founder Brian Venturo, and insider Jeff Baker all disclosed large stock sales over the past few days, which can weigh on investor sentiment even when some trades were made under pre-arranged plans. CoreWeave insider Form 4 filing CoreWeave insider Form 4 filing
• Negative Sentiment: Bearish commentary continues to focus on CoreWeave’s high debt load, ongoing losses, and questions about whether its AI growth rate can stay as strong as investors expect. CoreWeave stock falls as the AI growth story slows down

CoreWeave Company 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.