RFG Advisory LLC Has $3.59 Million Stock Position in CoreWeave Inc. $CRWV

RFG Advisory LLC increased its holdings in shares of CoreWeave Inc. (NASDAQ:CRWV) by 35.3% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 46,286 shares of the company’s stock after purchasing an additional 12,082 shares during the period. RFG Advisory LLC’s holdings in CoreWeave were worth $3,586,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Cornerstone Planning Group LLC raised its stake in CoreWeave by 272.8% during the fourth quarter. Cornerstone Planning Group LLC now owns 343 shares of the company’s stock worth $25,000 after acquiring an additional 251 shares in the last quarter. KERR FINANCIAL PLANNING Corp bought a new position in shares of CoreWeave in the third quarter worth about $27,000. Cullen Frost Bankers Inc. boosted its stake in shares of CoreWeave by 45.8% in the 4th quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock valued at $28,000 after purchasing an additional 121 shares in the last quarter. Greenline Wealth Management LLC acquired a new stake in shares of CoreWeave in the 4th quarter valued at approximately $28,000. Finally, Highline Wealth Partners LLC bought a new stake in shares of CoreWeave during the 4th quarter valued at approximately $32,000.

Insider Activity

In related news, Director Jack D. Cogen sold 986,540 shares of the business’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $107.80, for a total value of $106,349,012.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Magnetar Financial Llc sold 1,404,667 shares of the business’s stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $118.30, for a total transaction of $166,172,106.10. Following the completion of the sale, the insider directly owned 282,570 shares in the company, valued at approximately $33,428,031. This represents a 83.25% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 28,380,310 shares of company stock valued at $3,217,318,952.

CoreWeave Stock Down 2.1%

Shares of NASDAQ CRWV opened at $98.76 on Friday. The company has a 50 day simple moving average of $110.86 and a 200 day simple moving average of $94.60. The company has a debt-to-equity ratio of 3.68, a current ratio of 0.31 and a quick ratio of 0.31. CoreWeave Inc. has a 1 year low of $63.80 and a 1 year high of $173.35. The firm has a market cap of $44.20 billion, a PE ratio of -31.76 and a beta of 7.14.

CoreWeave (NASDAQ:CRWV) last posted its 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 last year, the firm earned ($0.60) earnings per share. CoreWeave’s revenue was up 111.6% on a year-over-year basis. On average, research analysts forecast that CoreWeave Inc. will post -4.83 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Evercore reiterated an “outperform” rating and set a $150.00 price objective on shares of CoreWeave in a research report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $135.00 target price on shares of CoreWeave in a research note on Friday, May 8th. Weiss Ratings upgraded shares of CoreWeave from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday. Truist Financial increased their price target on CoreWeave from $85.00 to $131.00 and gave the company a “hold” rating in a research note on Friday, May 8th. Finally, Sanford C. Bernstein reissued an “underperform” rating on shares of CoreWeave in a report on Thursday, June 11th. Twenty-one research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $135.00.

Trending Headlines about CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Rosenblatt Securities initiated coverage on CoreWeave with a Buy rating and a $250 price target, signaling substantial upside if the company continues executing on growth. Rosenblatt initiates CoreWeave at Buy with $250 target
• Positive Sentiment: CoreWeave announced a partnership with Conapto to expand AI cloud capacity in Stockholm, Sweden, with renewable-powered data center campuses already coming online. That supports the company’s international growth narrative and adds capacity for AI demand. CoreWeave partners with Conapto to expand AI cloud capacity in Sweden

About CoreWeave

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.