TrueWealth Advisors LLC Makes New Investment in CoreWeave Inc. $CRWV

TrueWealth Advisors LLC purchased a new stake in CoreWeave Inc. (NASDAQ:CRWV) during the 2nd quarter, Holdings Channel reports. The fund purchased 5,657 shares of the company’s stock, valued at approximately $563,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Sivia Capital Partners LLC acquired a new position in shares of CoreWeave during the 2nd quarter worth approximately $39,824,000. Quantbot Technologies LP purchased a new stake in CoreWeave in the 2nd quarter valued at approximately $311,000. Invesco Ltd. acquired a new stake in CoreWeave during the 2nd quarter valued at $882,000. First Trust Advisors LP acquired a new stake in CoreWeave during the 2nd quarter valued at $20,260,000. Finally, Baird Financial Group Inc. purchased a new position in CoreWeave during the second quarter worth $455,000.

Analyst Ratings Changes

A number of research firms have recently weighed in on CRWV. Truist Financial raised CoreWeave from a “hold” rating to a “buy” rating and cut their price target for the stock from $131.00 to $126.00 in a report on Tuesday, July 21st. Jefferies Financial Group lowered CoreWeave from a “buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. DA Davidson reiterated 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. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $150.00 price objective on shares of CoreWeave in a research report on Friday. Finally, Oppenheimer upped their target price on shares of CoreWeave from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $136.67.

Insiders Place Their Bets

In other news, EVP Chen Goldberg sold 19,208 shares of CoreWeave stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $92.29, for a total value of $1,772,706.32. Following the completion of the sale, the executive vice president owned 71,266 shares of the company’s stock, valued at $6,577,139.14. The trade was a 21.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Jeff Baker sold 6,455 shares of the company’s stock in a transaction on Wednesday, July 29th. The shares were sold at an average price of $66.51, for a total value of $429,322.05. Following the completion of the transaction, the insider owned 7,167 shares of the company’s stock, valued at $476,677.17. The trade was a 47.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 9,718,798 shares of company stock worth $972,747,064 over the last ninety days. Company insiders own 24.20% of the company’s stock.

CoreWeave Stock Up 6.3%

CRWV stock opened at $90.67 on Friday. The company has a 50 day moving average price of $91.81 and a two-hundred day moving average price of $94.86. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a market capitalization of $40.58 billion, a P/E ratio of -29.15 and a beta of 7.44. CoreWeave Inc. has a one year low of $60.55 and a one year high of $153.20.

CoreWeave (NASDAQ:CRWV) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($1.40) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.17) by ($0.23). CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.The business had revenue of $2.08 billion for the quarter. During the same quarter in the previous year, the company posted ($0.60) earnings per share. The firm’s revenue for the quarter was up 111.6% on a year-over-year basis. As a group, sell-side analysts expect that CoreWeave Inc. will post -5.7 EPS for the current year.

Key Stories Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Rosenblatt Securities reaffirmed a Buy rating and maintained a $250 price target, reinforcing the bullish case for CoreWeave’s AI-cloud growth prospects. Rosenblatt Securities Reaffirms Buy Rating for CoreWeave
• Positive Sentiment: IMC selected CoreWeave for its research investment, providing another indication that the company’s GPU-accelerated cloud infrastructure is attracting institutional and enterprise users. IMC Selects CoreWeave
• Positive Sentiment: Recent bullish coverage highlights strong demand for scarce GPU capacity and argues that CoreWeave’s pullback has improved its valuation and potential risk-reward profile. CoreWeave at $92: The Compelling Bull Case
• Neutral Sentiment: Traders are positioning for a sizable move around CoreWeave’s quarterly earnings release after the closing bell Tuesday, August 11. The report and management’s outlook for demand, capital spending and profitability could determine the next major move. Traders Expect a Move After CoreWeave Earnings
• Neutral Sentiment: Commentary comparing CRWV with IREN and discussing CoreWeave as a neocloud investment may increase investor attention, but does not provide a new company-specific fundamental catalyst. CRWV Versus IREN Neocloud Comparison
• Negative Sentiment: CEO Michael Intrator sold 307,692 shares worth roughly $28.2 million, while EVP Chen Goldberg sold 25,605 shares worth approximately $2.35 million. The transactions were made under pre-arranged Rule 10b5-1 plans; Goldberg’s sales were specifically to cover tax withholding, which reduces their signaling value but can still pressure sentiment. CoreWeave Insider Selling
• Negative Sentiment: Investors remain concerned about CoreWeave’s substantial leverage, negative earnings and capital-intensive data-center expansion. Its previous quarterly loss exceeded expectations, despite revenue growth of 111.6% year over year, making the upcoming results especially important. Should You Buy CoreWeave Before or After Earnings?

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.