Evoke Wealth LLC Takes Position in CoreWeave Inc. $CRWV

Evoke Wealth LLC purchased a new stake in CoreWeave Inc. (NASDAQ:CRWV) in the 4th quarter, HoldingsChannel reports. The firm purchased 5,596 shares of the company’s stock, valued at approximately $401,000.

A number of other large investors also recently bought and sold shares of the business. KERR FINANCIAL PLANNING Corp acquired a new stake in CoreWeave in the third quarter valued at approximately $27,000. Aspect Partners LLC purchased a new position in shares of CoreWeave during the 3rd quarter valued at approximately $28,000. Rothschild Investment LLC lifted its position in shares of CoreWeave by 10,700.0% during the 3rd quarter. Rothschild Investment LLC now owns 216 shares of the company’s stock valued at $30,000 after buying an additional 214 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in CoreWeave in the 3rd quarter valued at $30,000. Finally, UMB Bank n.a. purchased a new stake in CoreWeave in the 3rd quarter worth $34,000.

CoreWeave News Summary

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave closed a $3.1 billion HPC loan backed by its high-performance computing infrastructure, giving it more capital to fund AI data-center growth and reinforcing confidence in its funding access. CoreWeave’s $3.1b HPC Loan And Russell 3000 Entry Reshape Funding Story
• Positive Sentiment: CoreWeave’s inclusion in the Russell 3000 adds index-related visibility and could support additional buying from passive funds. CoreWeave’s $3.1b HPC Loan And Russell 3000 Entry Reshape Funding Story
• Positive Sentiment: Macquarie upgraded CoreWeave to outperform, and the stock also drew attention from bullish commentary tying it to broader AI infrastructure demand and “AI empire” investment themes. CoreWeave climbs on recent deals; Macquarie upgrades stock to outperform SpaceX Gets the Attention, But These 4 Stocks Could Get the Returns (CRWV)

CoreWeave Stock Performance

CRWV opened at $105.49 on Tuesday. The company has a debt-to-equity ratio of 3.68, a current ratio of 0.31 and a quick ratio of 0.31. The company’s 50 day simple moving average is $100.73 and its two-hundred day simple moving average is $90.55. CoreWeave Inc. has a 1-year low of $63.80 and a 1-year high of $187.00. The firm has a market capitalization of $47.21 billion, a price-to-earnings ratio of -33.92 and a beta of 7.84.

CoreWeave (NASDAQ:CRWV) last posted its quarterly earnings results 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). CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. The company had revenue of $1.57 billion during the quarter. The firm’s revenue for the quarter was up 110.4% compared to the same quarter last year. Analysts expect that CoreWeave Inc. will post -4.58 EPS for the current fiscal year.

Insider Activity

In related news, major shareholder Magnetar Financial Llc sold 1,404,667 shares of the company’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $118.30, for a total value of $166,172,106.10. Following the transaction, the insider directly owned 282,570 shares in the company, valued at approximately $33,428,031. This represents a 83.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 value of $90,967,500.00. Following the completion of the transaction, the insider owned 285,327 shares of the company’s stock, valued at $23,071,541.22. The trade was a 79.77% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 25,217,073 shares of company stock worth $2,824,592,756 over the last quarter.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CRWV shares. DA Davidson restated a “neutral” rating and set a $100.00 price objective (down from $175.00) on shares of CoreWeave in a research report on Monday, May 18th. Citigroup boosted their target price on shares of CoreWeave from $155.00 to $158.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of CoreWeave in a research note on Monday, May 4th. Mizuho lifted their price objective on CoreWeave from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Finally, Citizens Jmp reiterated a “market outperform” rating and set a $180.00 price objective on shares of CoreWeave in a research note on Friday, February 27th. Nineteen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $129.63.

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.