11,009 Shares in CoreWeave Inc. $CRWV Acquired by Deepwater Asset Management LLC

Deepwater Asset Management LLC bought a new position in shares of CoreWeave Inc. (NASDAQ:CRWVFree Report) during the 4th quarter, HoldingsChannel.com reports. The fund bought 11,009 shares of the company’s stock, valued at approximately $788,000.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in CoreWeave by 275.6% during the 4th quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company’s stock worth $1,999,421,000 after buying an additional 20,487,478 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in CoreWeave by 6,022.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 112,768 shares of the company’s stock worth $8,075,000 after buying an additional 110,926 shares during the period. Legal & General Group Plc increased its stake in CoreWeave by 8,455.6% during the 4th quarter. Legal & General Group Plc now owns 611,301 shares of the company’s stock worth $43,775,000 after buying an additional 604,156 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in CoreWeave by 67.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 66,947 shares of the company’s stock worth $4,794,000 after buying an additional 26,907 shares during the period. Finally, Hidden Lake Asset Management LP purchased a new stake in CoreWeave during the 3rd quarter worth approximately $14,814,000.

CoreWeave Stock Performance

Shares of NASDAQ:CRWV opened at $100.39 on Monday. CoreWeave Inc. has a 52 week low of $63.80 and a 52 week high of $187.00. The company’s 50 day moving average is $105.60 and its two-hundred day moving average is $91.64. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 3.68. The company has a market cap of $44.93 billion, a PE ratio of -32.28 and a beta of 7.14.

CoreWeave (NASDAQ:CRWVGet Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($1.40) EPS for the quarter, missing analysts’ consensus estimates of ($1.17) by ($0.23). CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. The firm had revenue of $2.08 billion during the quarter. During the same quarter in the previous year, the company posted ($0.60) earnings per share. The company’s revenue was up 111.6% on a year-over-year basis. Equities analysts predict that CoreWeave Inc. will post -4.57 earnings per share for the current fiscal year.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

Wall Street Analysts Forecast Growth

CRWV has been the topic of several recent research reports. Needham & Company LLC reaffirmed a “hold” rating on shares of CoreWeave in a research note on Friday, February 27th. BNP Paribas Exane started coverage on shares of CoreWeave in a research report on Tuesday, June 2nd. They issued an “outperform” rating and a $192.00 price objective on the stock. Sanford C. Bernstein increased their price objective on shares of CoreWeave from $56.00 to $67.00 and gave the company an “underperform” rating in a research report on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $135.00 price objective on shares of CoreWeave in a research report on Friday, May 8th. Finally, Citigroup increased their price objective on shares of CoreWeave from $155.00 to $158.00 and gave the company a “buy” rating in a research report on Thursday, May 14th. Twenty investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $131.52.

View Our Latest Analysis on CRWV

Insider Activity at CoreWeave

In related news, insider Brian M. Venturo sold 1,125,000 shares of the stock in a transaction on Monday, April 6th. The shares were sold at an average price of $80.86, for a total value of $90,967,500.00. Following the transaction, the insider directly owned 285,327 shares of the company’s stock, valued at $23,071,541.22. This trade represents a 79.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jack D. Cogen sold 986,540 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $107.80, for a total transaction of $106,349,012.00. The disclosure for this sale is available in the SEC filing. Insiders have sold 27,306,629 shares of company stock valued at $3,081,590,041 in the last ninety days.

CoreWeave Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for CoreWeave (NASDAQ:CRWV)

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