18,300 CoreWeave Inc. $CRWV Shares Sold by IronBridge Private Wealth LLC

IronBridge Private Wealth LLC trimmed its holdings in CoreWeave Inc. (NASDAQ:CRWV) by 25.6% in the third quarter, Holdings Channel reports. The institutional investor owned 53,262 shares of the company’s stock after selling 18,300 shares during the quarter. CoreWeave accounts for approximately 1.4% of IronBridge Private Wealth LLC’s investment portfolio, making the stock its 22nd biggest holding. IronBridge Private Wealth LLC’s holdings in CoreWeave were worth $4,640,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. MassMutual Private Wealth & Trust FSB raised its holdings in CoreWeave by 241.1% during the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 307 shares of the company’s stock valued at $27,000 after acquiring an additional 217 shares during the period. Essential Partners LLC bought a new position in CoreWeave in the 2nd quarter valued at $30,000. Cassaday & Co Wealth Management LLC purchased a new position in CoreWeave during the first quarter worth about $31,000. Burnham & Co LLC purchased a new position in shares of CoreWeave during the second quarter worth about $32,000. Finally, Allied Private Wealth LLC bought a new position in shares of CoreWeave in the 2nd quarter worth $40,000.

Analysts Set New Price Targets

CRWV has been the subject of a number of recent research reports. Btg Pactual set a $125.00 price objective on shares of CoreWeave in a report on Monday, September 21st. Barclays upped their price target 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. Moffett Nathanson set a $89.00 price target on shares of CoreWeave in a research report on Monday, October 19th. Cantor Fitzgerald reissued an “overweight” rating on shares of CoreWeave in a report on Monday, October 19th. Finally, BTIG Research began coverage on shares of CoreWeave in a research report on Wednesday, July 22nd. They issued a “buy” rating on the stock. Twenty-seven analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, CoreWeave currently has a consensus rating of “Moderate Buy” and a consensus target price of $129.41.

CoreWeave News Summary

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Better-than-expected results from other AI-cloud companies helped spark a sector relief rally, lifting CoreWeave after Thursday’s losses. Article: Cloudflare and IREN earnings spark an AI-cloud rebound
• Positive Sentiment: Investors are looking to strong AI demand, a reported $104 billion backlog and expanding infrastructure as potential supports for CoreWeave’s Q3 results. Article: CRWV poised for a Q3 earnings beat
• Neutral Sentiment: Q3 expectations point to rapid growth—guidance implies roughly 158% year-over-year revenue growth—but an adjusted operating margin of about 6.5% would underscore that growth is not yet translating into robust profitability. Article: CoreWeave stock is no bargain—earnings preview
• Negative Sentiment: CoreWeave’s bond yield has topped 16%, signaling heightened concern about the cost of financing its infrastructure expansion. High leverage and a 0.46 current ratio add to refinancing and liquidity risks. Article: CoreWeave bond yield tops 16%
• Negative Sentiment: Investors are also weighing possible tighter rules and slower permitting for data centers, including in Texas, a key market for infrastructure growth. Article: Is CoreWeave facing a growth squeeze from data-center rules?
• Negative Sentiment: A broader pullback in AI and data-center stocks, alongside an analyst downgrade and a price-target cut, has added pressure ahead of earnings. Article: AI stocks hammered as data-center concerns rise

Insider Buying and Selling at CoreWeave

In other news, insider Kristen Mcveety sold 156,000 shares of CoreWeave stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $81.63, for a total value of $12,734,280.00. Following the completion of the sale, the insider directly owned 123,313 shares in the company, valued at $10,066,040.19. The trade was a 55.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael Intrator sold 200,000 shares of CoreWeave stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $95.72, for a total transaction of $19,144,000.00. Following the completion of the sale, the chief executive officer owned 1,676,815 shares of the company’s stock, valued at $160,504,731.80. This represents a 10.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 4,021,100 shares of company stock worth $364,306,253. Company insiders own 24.20% of the company’s stock.

CoreWeave Price Performance

Shares of CRWV opened at $46.40 on Monday. CoreWeave Inc. has a fifty-two week low of $40.58 and a fifty-two week high of $138.25. The company has a debt-to-equity ratio of 5.53, a quick ratio of 0.46 and a current ratio of 0.46. The stock has a market cap of $21.29 billion, a PE ratio of -12.71 and a beta of 7.71. The firm’s 50-day simple moving average is $75.56 and its two-hundred day simple moving average is $89.88.

CoreWeave (NASDAQ:CRWV) last issued its earnings results on Tuesday, August 11th. The company reported ($1.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.52) by $0.38. CoreWeave had a negative net margin of 25.41% and a negative return on equity of 47.95%. The business had revenue of $2.58 billion during the quarter. During the same period last year, the firm posted ($0.27) earnings per share. The firm’s quarterly revenue was up 112.5% on a year-over-year basis. Analysts anticipate that CoreWeave Inc. will post -4.97 earnings per share for the current fiscal year.

CoreWeave Profile

CoreWeave is a cloud computing company that provides infrastructure for artificial intelligence, machine learning, and other compute-intensive workloads. Its services include access to graphics processing units (GPUs), cloud storage and networking, and software tools for deploying and managing workloads.

The company was founded in 2017 as a cryptocurrency mining business and later shifted its focus to cloud computing. CoreWeave is headquartered in Livingston, New Jersey, and operates data center infrastructure in the United States and Europe, serving customers that need large-scale computing resources.

Co-founder Michael Intrator serves as CoreWeave’s chief executive officer.