CoreWeave Inc. $CRWV Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. grew its holdings in CoreWeave Inc. (NASDAQ:CRWV) by 70.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,425 shares of the company’s stock after purchasing an additional 26,582 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in CoreWeave were worth $5,613,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CRWV. Investors Asset Management of Georgia Inc. GA ADV boosted its position in shares of CoreWeave by 33.9% in the third quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 7,425 shares of the company’s stock valued at $647,000 after acquiring an additional 1,880 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in CoreWeave by 19.4% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 57,104 shares of the company’s stock worth $4,975,000 after purchasing an additional 9,271 shares during the period. IFP Advisors Inc boosted its stake in shares of CoreWeave by 22.2% during the third quarter. IFP Advisors Inc now owns 11,178 shares of the company’s stock valued at $974,000 after purchasing an additional 2,029 shares during the period. Frank Rimerman Advisors LLC grew its stake in shares of CoreWeave by 29.4% in the third quarter. Frank Rimerman Advisors LLC now owns 3,980 shares of the company’s stock worth $347,000 after purchasing an additional 905 shares during the last quarter. Finally, AlphaStar Capital Management LLC increased its position in CoreWeave by 5.6% during the 3rd quarter. AlphaStar Capital Management LLC now owns 4,914 shares of the company’s stock valued at $428,000 after purchasing an additional 261 shares during the period.

Analysts Set New Price Targets

Several research firms have recently issued reports on CRWV. Barclays lifted their target price on shares of CoreWeave from $90.00 to $105.00 and gave the company an “equal weight” rating in a report on Thursday, August 13th. Sanford C. Bernstein upgraded shares of CoreWeave from a “strong sell” rating to a “hold” rating in a research note on Monday, October 19th. Wells Fargo & Company lifted their target price on shares of CoreWeave from $155.00 to $160.00 and gave the stock an “overweight” rating in a report on Wednesday, August 12th. Needham & Company LLC reiterated a “hold” rating on shares of CoreWeave in a research note on Thursday, August 13th. Finally, Btg Pactual set a $125.00 price objective on shares of CoreWeave in a research report on Monday, September 21st. Twenty-five equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $130.31.

Insider Activity

In related news, CEO Michael Intrator sold 200,000 shares of the business’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $66.62, for a total value of $13,324,000.00. Following the sale, the chief executive officer directly owned 2,276,815 shares in the company, valued at approximately $151,681,415.30. The trade was a 8.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Magnetar Financial Llc sold 307,131 shares of the stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $108.75, for a total value of $33,400,496.25. Following the transaction, the insider directly owned 220,810 shares of the company’s stock, valued at approximately $24,013,087.50. The trade was a 58.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 5,352,578 shares of company stock valued at $471,777,344 in the last three months. Insiders own 24.20% of the company’s stock.

More CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave’s long-term growth case remains substantial. The company reportedly has approximately $104 billion in contracted revenue, has implemented a 25% price increase and is bringing additional data-center capacity online. Bank of America maintained a Buy rating and cited the potential for a 168% year-over-year increase in third-quarter revenue. CoreWeave capacity expansion to drive revenue growth, Bank of America says
• Positive Sentiment: New enterprise products, including a Zero Trust AI Framework and Physical AI Launchables, could broaden CoreWeave’s customer base by addressing security and deployment concerns in robotics, autonomous vehicles and other advanced workloads. Does CoreWeave Change The Enterprise AI Case With New Security Tools?
• Neutral Sentiment: Some analysts and industry executives argue that the AI selloff is overdone and that demand fundamentals remain strong. However, investors are waiting for upcoming third-quarter results to determine whether revenue growth is translating into cash flow and sustainable profits. The AI Rout: Sorting CAPEX Fact From Fiction
• Negative Sentiment: Higher Treasury yields are reducing the appeal of speculative growth stocks and increasing CoreWeave’s borrowing costs. Its balance sheet is highly leveraged, with a debt-to-equity ratio above 5, while its bonds and credit-default swaps have shown signs of investor stress. Analysts have highlighted a potential $76 billion funding gap to support planned expansion. Bernstein puts CoreWeave’s funding gap at $76 billion
• Negative Sentiment: Analyst sentiment has deteriorated. Morgan Stanley reduced its price target from $99 to $70 and assigned an Equal Weight rating, while other analysts have also cut targets amid financing concerns. The downgrades are reinforcing the view that strong AI demand may not offset near-term capital and liquidity risks. Morgan Stanley lowers CoreWeave price target
• Negative Sentiment: Short sellers have profited from the selloff in AI data-center stocks, and concerns about expensive debt, large capital expenditures and uncertain returns could continue to pressure CRWV until the company demonstrates stronger free cash flow. Short Sellers Just Made $6 Billion Betting Against AI Data Center Stocks

CoreWeave Stock Performance

CRWV opened at $54.24 on Friday. The firm has a market cap of $24.89 billion, a P/E ratio of -14.86 and a beta of 7.36. The company has a debt-to-equity ratio of 5.53, a current ratio of 0.46 and a quick ratio of 0.46. The company has a 50 day simple moving average of $82.95 and a two-hundred day simple moving average of $93.76. CoreWeave Inc. has a 1-year low of $53.50 and a 1-year high of $141.79.

CoreWeave (NASDAQ:CRWV) last posted its quarterly earnings results on Tuesday, August 11th. The company reported ($1.14) 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 for the quarter. During the same period in the prior year, the firm posted ($0.27) earnings per share. The firm’s revenue for the quarter was up 112.5% on a year-over-year basis. Equities analysts forecast that CoreWeave Inc. will post -4.96 earnings per share for the current fiscal year.

About CoreWeave

CoreWeave, Inc is a specialized cloud computing company that provides infrastructure designed for artificial intelligence (AI), machine learning, and other high-performance computing workloads. Its platform gives customers access to accelerated computing resources, including graphics processing units (GPUs), along with the networking, storage, and software tools needed to develop, train, and deploy demanding applications.

The company offers cloud services for AI model training and inference, visual effects and rendering, scientific computing, and other data-intensive workloads.