22,298 Shares in CoreWeave Inc. $CRWV Purchased by Whitaker Myers Wealth Managers LTD.

Whitaker Myers Wealth Managers LTD. acquired a new stake in CoreWeave Inc. (NASDAQ:CRWV) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 22,298 shares of the company’s stock, valued at approximately $2,220,000.

Several other institutional investors have also added to or reduced their stakes in CRWV. Vanguard Group Inc. lifted its holdings 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 purchasing an additional 20,487,478 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of CoreWeave by 6,022.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 112,768 shares of the company’s stock valued at $8,075,000 after buying an additional 110,926 shares during the period. Legal & General Group Plc lifted its holdings in shares of CoreWeave by 8,455.6% in the fourth 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of CoreWeave by 67.2% in the fourth 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 in the last quarter. Finally, Broad Peak Investment Advisers Pte Ltd bought a new position in shares of CoreWeave in the fourth quarter valued at approximately $15,539,000.

Insider Activity

In other CoreWeave news, CEO Michael N. Intrator sold 278,560 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $97.43, for a total value of $27,140,100.80. Following the completion of the sale, the chief executive officer owned 3,138,612 shares of the company’s stock, valued at $305,794,967.16. This represents a 8.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through 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 Brian M. Venturo sold 375,000 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $101.24, for a total value of $37,965,000.00. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 9,718,798 shares of company stock worth $972,747,064. 24.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CRWV. Evercore reaffirmed an “outperform” rating and set a $150.00 price objective on shares of CoreWeave in a research note on Wednesday, April 15th. Sanford C. Bernstein began coverage on shares of CoreWeave in a report on Wednesday, July 22nd. They issued an “outperform” rating for the company. Oppenheimer boosted their target price on CoreWeave from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. Piper Sandler began coverage on CoreWeave in a report on Monday, August 3rd. They set an “overweight” rating and a $151.00 price objective for the company. Finally, Truist Financial raised CoreWeave from a “hold” rating to a “buy” rating and cut their price objective for the stock from $131.00 to $126.00 in a report on Tuesday, July 21st. One 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 given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $136.67.

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 Stock Up 6.3%

Shares of NASDAQ:CRWV opened at $90.67 on Friday. The firm has a market capitalization of $40.58 billion, a PE ratio of -29.15 and a beta of 7.44. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.31 and a current ratio of 0.31. CoreWeave Inc. has a 52-week low of $60.55 and a 52-week high of $153.20. The firm has a fifty day moving average of $91.81 and a 200 day moving average of $94.86.

CoreWeave (NASDAQ:CRWV) last released 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 net margin of 25.57% and a negative return on equity of 43.07%. The firm had revenue of $2.08 billion for the quarter. During the same quarter last year, the firm earned ($0.60) EPS. The firm’s quarterly revenue was up 111.6% on a year-over-year basis. As a group, research analysts anticipate that CoreWeave Inc. will post -5.7 EPS for the current fiscal year.

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.