Osmosis Investment Management UK Ltd Sells 8,920 Shares of CoreWeave Inc. $CRWV

Osmosis Investment Management UK Ltd lowered its stake in shares of CoreWeave Inc. (NASDAQ:CRWV) by 48.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,463 shares of the company’s stock after selling 8,920 shares during the period. Osmosis Investment Management UK Ltd’s holdings in CoreWeave were worth $942,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of CRWV. Cornerstone Planning Group LLC lifted its stake in CoreWeave by 272.8% in the fourth quarter. Cornerstone Planning Group LLC now owns 343 shares of the company’s stock valued at $25,000 after purchasing an additional 251 shares during the last quarter. Cullen Frost Bankers Inc. grew its holdings in CoreWeave by 45.8% during the fourth quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock valued at $28,000 after purchasing an additional 121 shares during the period. Greenline Wealth Management LLC purchased a new stake in CoreWeave in the fourth quarter worth $28,000. Essential Partners LLC purchased a new stake in CoreWeave in the second quarter worth $30,000. Finally, Peterson Wealth Services raised its stake in shares of CoreWeave by 153.1% in the first quarter. Peterson Wealth Services now owns 405 shares of the company’s stock valued at $31,000 after buying an additional 245 shares during the period.

Wall Street Analyst Weigh In

CRWV has been the topic of a number of recent research reports. Wells Fargo & Company upped their price target on CoreWeave from $155.00 to $160.00 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. JPMorgan Chase & Co. boosted their price objective on CoreWeave from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Tuesday, August 11th. Wolfe Research reaffirmed an “outperform” rating on shares of CoreWeave in a report on Monday, July 6th. BNP Paribas Exane started coverage on shares of CoreWeave in a research report on Tuesday, June 2nd. They set an “outperform” rating and a $192.00 target price for the company. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $150.00 target price on shares of CoreWeave in a research note on Friday, August 7th. Twenty-one equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, CoreWeave currently has an average rating of “Moderate Buy” and a consensus price target of $141.90.

CoreWeave Stock Performance

NASDAQ:CRWV opened at $86.25 on Tuesday. The business’s 50-day moving average price is $89.59 and its two-hundred day moving average price is $94.76. CoreWeave Inc. has a twelve month low of $60.55 and a twelve month high of $153.20. The stock has a market cap of $39.58 billion, a P/E ratio of -23.63 and a beta of 7.45. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 5.53.

CoreWeave (NASDAQ:CRWV) last issued its quarterly earnings data on Tuesday, August 11th. The company reported ($1.14) EPS for the quarter, topping the consensus estimate 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 period in the previous year, the firm posted ($0.27) EPS. The firm’s revenue for the quarter was up 112.5% compared to the same quarter last year. As a group, equities analysts predict that CoreWeave Inc. will post -5.17 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, COO Sachin Jain sold 6,339 shares of the stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $91.88, for a total value of $582,427.32. Following the transaction, the chief operating officer owned 157,091 shares of the company’s stock, valued at $14,433,521.08. This represents a 3.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Brannin Mcbee sold 3,610 shares of the firm’s stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $91.88, for a total transaction of $331,686.80. Following the sale, the insider owned 327,691 shares in the company, valued at approximately $30,108,249.08. This trade represents a 1.09% decrease in their position. 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 sold a total of 8,235,201 shares of company stock valued at $802,446,933 over the last three months. Corporate insiders own 24.20% of the company’s stock.

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.