Kinetic Partners Management LP Increases Holdings in CoreWeave Inc. $CRWV

Kinetic Partners Management LP lifted its holdings in CoreWeave Inc. (NASDAQ:CRWV) by 70.5% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 904,900 shares of the company’s stock after purchasing an additional 374,300 shares during the period. CoreWeave comprises approximately 2.2% of Kinetic Partners Management LP’s holdings, making the stock its 13th biggest position. Kinetic Partners Management LP owned approximately 0.20% of CoreWeave worth $90,074,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of CRWV. Vanguard Group Inc. lifted its stake in shares of CoreWeave by 275.6% during the 4th quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company’s stock valued at $1,999,421,000 after buying an additional 20,487,478 shares in the last quarter. Proficio Capital Partners LLC increased its stake in CoreWeave by 446,194.0% in the 3rd quarter. Proficio Capital Partners LLC now owns 17,851,760 shares of the company’s stock worth $2,443,013,000 after buying an additional 17,847,760 shares in the last quarter. Deutsche Bank AG increased its stake in CoreWeave by 22,624.0% in the 4th quarter. Deutsche Bank AG now owns 3,812,856 shares of the company’s stock worth $273,039,000 after buying an additional 3,796,077 shares in the last quarter. Altimeter Capital Management LP bought a new stake in CoreWeave during the fourth quarter valued at about $230,099,000. Finally, Alyeska Investment Group L.P. raised its holdings in CoreWeave by 300.0% during the fourth quarter. Alyeska Investment Group L.P. now owns 4,000,000 shares of the company’s stock valued at $286,440,000 after acquiring an additional 3,000,000 shares during the period.

CoreWeave Price Performance

Shares of CoreWeave stock opened at $88.04 on Wednesday. The stock has a market cap of $40.40 billion, a price-to-earnings ratio of -24.12 and a beta of 7.44. The company has a debt-to-equity ratio of 5.53, a quick ratio of 0.46 and a current ratio of 0.46. The stock has a 50 day moving average price of $89.01 and a 200-day moving average price of $94.80. 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 Tuesday, August 11th. The company reported ($1.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.52) by $0.38. CoreWeave had a negative return on equity of 47.95% and a negative net margin of 25.41%.The company had revenue of $2.58 billion during the quarter. During the same quarter in the prior year, the business earned ($0.27) earnings per share. The firm’s quarterly revenue was up 112.5% compared to the same quarter last year. Equities analysts expect that CoreWeave Inc. will post -5.17 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on CRWV shares. Sanford C. Bernstein upped their price objective on CoreWeave from $67.00 to $74.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 12th. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 target price on shares of CoreWeave in a research note on Wednesday, August 12th. Needham & Company LLC reiterated a “hold” rating on shares of CoreWeave in a report on Thursday, August 13th. Mizuho boosted their price target on shares of CoreWeave from $100.00 to $115.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 12th. Finally, Weiss Ratings upgraded shares of CoreWeave from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, June 24th. Twenty-one investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $141.90.

Key Headlines Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Expanded Rescale partnership: Rescale will expand its cloud ecosystem to CoreWeave Cloud, giving customers in aerospace, automotive, energy, life sciences and manufacturing access to CoreWeave’s GPU capacity for AI and simulation workloads. The agreement could broaden CoreWeave’s customer base and improve utilization of its data-center infrastructure. Rescale Expands Cloud Ecosystem with CoreWeave for Engineering and AI Workloads
• Positive Sentiment: Additional enterprise demand: CoreWeave reportedly secured a multiyear AI-cloud infrastructure agreement with quantitative trading firm Hudson River Trading. The deal expands the company’s presence in financial-services workloads and supports the broader investment case that demand for GPU compute remains strong. CoreWeave Lands AI Cloud Deal As Data Center Rules Tighten
• Positive Sentiment: Optimistic analyst view: Truist said CoreWeave shares could nearly double, even as chip costs rise, reinforcing bullish sentiment following the company’s strong revenue growth and upbeat AI-demand outlook. CoreWeave shares are set to nearly double even as chip costs rise, Truist says
• Neutral Sentiment: A reported change in short interest shows zero shares both before and after the measurement period, producing an invalid “NaN” change. The data appears unreliable and offers no meaningful signal about investor positioning.
• Negative Sentiment: Leverage remains a major overhang: CoreWeave’s roughly $35 billion debt load and high interest expense could absorb much of its operating income. Analysts also warn that Nvidia-backed financing platforms could make GPU access cheaper and more competitive, weakening CoreWeave’s economics. CoreWeave’s AI Data Center Capacity Is Exploding
• Negative Sentiment: Rising global bond yields have pressured technology stocks, while tighter state-level rules on data-center energy use and transparency could increase CoreWeave’s expansion costs and slow new capacity deployments.

Insider Activity at CoreWeave

In other news, Director Jack D. Cogen sold 642,307 shares of CoreWeave stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $106.32, for a total transaction of $68,290,080.24. Following the completion of the sale, the director directly owned 9,040,829 shares in the company, valued at approximately $961,220,939.28. This trade represents a 6.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael N. Intrator sold 278,560 shares of the company’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $97.43, for a total transaction of $27,140,100.80. Following the completion of the transaction, the chief executive officer owned 3,138,612 shares in the company, valued at approximately $305,794,967.16. The trade was a 8.15% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 8,050,523 shares of company stock worth $783,406,748 in the last quarter. 24.20% of the stock is owned by company insiders.

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.