CoreWeave Inc. $CRWV Position Raised by Legal & General Group Plc

Legal & General Group Plc boosted its position in CoreWeave Inc. (NASDAQ:CRWV) by 19.5% in the second quarter, HoldingsChannel.com reports. The firm owned 1,332,209 shares of the company’s stock after purchasing an additional 217,003 shares during the quarter. Legal & General Group Plc’s holdings in CoreWeave were worth $132,608,000 at the end of the most recent reporting period.

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

Insider Activity at CoreWeave

In other news, CEO Michael N. Intrator sold 200,000 shares of CoreWeave stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $88.60, for a total value of $17,720,000.00. Following the transaction, the chief executive officer directly owned 1,487,129 shares of the company’s stock, valued at $131,759,629.40. This trade represents a 11.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Nitin Agrawal sold 5,509 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $88.64, for a total transaction of $488,317.76. Following the sale, the chief financial officer owned 132,596 shares in the company, valued at $11,753,309.44. This represents a 3.99% decrease in their position. 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 ninety days, insiders sold 7,699,366 shares of company stock valued at $735,139,980. Corporate insiders own 24.20% of the company’s stock.

CoreWeave Trading Down 1.4%

Shares of NASDAQ CRWV opened at $86.80 on Friday. CoreWeave Inc. has a 12 month low of $60.55 and a 12 month high of $153.20. The company has a market cap of $39.83 billion, a price-to-earnings ratio of -23.78 and a beta of 7.44. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 5.53. The business has a fifty day simple moving average of $87.84 and a 200-day simple moving average of $94.87.

CoreWeave (NASDAQ:CRWV) last released its quarterly earnings results on Tuesday, August 11th. The company reported ($1.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.52) by $0.38. The business had revenue of $2.58 billion during the quarter. CoreWeave had a negative return on equity of 47.95% and a negative net margin of 25.41%.The company’s revenue for the quarter was up 112.5% compared to the same quarter last year. During the same quarter last year, the business earned ($0.27) EPS. Sell-side analysts predict that CoreWeave Inc. will post -5.19 EPS for the current year.

Analyst Ratings Changes

Several brokerages have commented on CRWV. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price target on shares of CoreWeave in a research report on Wednesday, August 12th. TD Cowen upgraded shares of CoreWeave to a “buy” rating in a research report on Wednesday, July 22nd. Jefferies Financial Group cut shares of CoreWeave from a “buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Roth Capital set a $145.00 target price on shares of CoreWeave in a report on Thursday, August 13th. Finally, Weiss Ratings raised shares of CoreWeave from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, June 24th. Twenty-one analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $141.90.

CoreWeave News Summary

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave announced or expanded relationships with Hudson River Trading and Rescale, reinforcing demand for its AI cloud-computing services and potentially improving infrastructure utilization. CoreWeave Stock Trending as Company Lands Deals With Hudson River Trading, Rescale
• Positive Sentiment: Truist argued that NVIDIA’s reported roughly 17% GPU price increase may not hurt CoreWeave’s margins as much as expected. Strong customer demand, pricing power, and contract structures could allow CoreWeave to pass higher equipment costs through to customers; Truist reportedly sees substantial upside potential. Nvidia’s GPU Price Hikes Look Bad for CoreWeave. Truist Says the Opposite May Be True
• Positive Sentiment: NVIDIA’s strong quarterly results and reported minimum-revenue guarantees for some neocloud providers offered further evidence of robust AI infrastructure demand and could help CoreWeave secure financing or customer commitments. CRWV, NBIS, IREN Stocks Jump Overnight on Nvidia’s Blowout Q2
• Neutral Sentiment: Analyst commentary remains mixed: AI demand is outstripping available capacity, but comparisons with other data-center operators highlight CoreWeave’s substantial capital requirements, debt burden, and execution risks. CoreWeave: AI Demand Outstrips Supply, Yet The Stock Isn’t A Buy
• Negative Sentiment: Director Brannin McBee sold approximately $21.4 million of CoreWeave shares at $85.51 under pre-arranged Rule 10b5-1 plans. Although scheduled sales do not necessarily signal deteriorating fundamentals, the transactions reduced his holdings and added to investor concerns about insider confidence. CoreWeave Insider Sale SEC Filing
• Negative Sentiment: Investors remain concerned that rising GPU costs could compress profitability and that competition may eventually trigger a neocloud price decline. CoreWeave’s high debt-to-equity ratio and negative earnings amplify those risks. Truist Sees Investment Doubling Potential in CoreWeave

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.