CoreWeave Inc. $CRWV Shares Purchased by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP boosted its holdings in CoreWeave Inc. (NASDAQ:CRWV) by 1,552.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,606 shares of the company’s stock after buying an additional 44,725 shares during the period. Fulcrum Asset Management LLP’s holdings in CoreWeave were worth $4,091,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC increased its position in CoreWeave by 4.0% during the first quarter. Parallel Advisors LLC now owns 2,340 shares of the company’s stock worth $181,000 after acquiring an additional 91 shares during the period. Pathway Wealth Management LLC lifted its position in CoreWeave by 2.9% during the 1st quarter. Pathway Wealth Management LLC now owns 3,593 shares of the company’s stock worth $278,000 after buying an additional 100 shares in the last quarter. Sequoia Financial Advisors LLC lifted its position in CoreWeave by 3.6% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,128 shares of the company’s stock worth $411,000 after buying an additional 145 shares in the last quarter. Cooper Financial Group lifted its position in CoreWeave by 5.0% during the 3rd quarter. Cooper Financial Group now owns 3,066 shares of the company’s stock worth $267,000 after buying an additional 147 shares in the last quarter. Finally, Crumly & Associates Inc. grew its holdings in CoreWeave by 0.4% during the 3rd quarter. Crumly & Associates Inc. now owns 34,602 shares of the company’s stock worth $3,015,000 after acquiring an additional 150 shares during the last quarter.

Analyst Upgrades and Downgrades

CRWV has been the subject of several research reports. Wells Fargo & Company lowered their price objective on shares of CoreWeave from $160.00 to $115.00 and set an “overweight” rating for the company in a research report on Monday. JPMorgan Chase & Co. upgraded shares of CoreWeave from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $120.00 to $125.00 in a research report on Thursday, September 24th. Northland Securities set a $200.00 price target on shares of CoreWeave in a research note on Wednesday, October 7th. BTIG Research started coverage on shares of CoreWeave in a report on Wednesday, July 22nd. They issued a “buy” rating for the company. Finally, BNP Paribas Exane restated an “outperform” rating and issued a $117.00 price objective on shares of CoreWeave in a research report on Monday, October 19th. Twenty-seven equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, CoreWeave presently has an average rating of “Moderate Buy” and a consensus price target of $125.76.

Trending Headlines about CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave signed a multi-year agreement to provide AI computing infrastructure to autonomous-driving company Wayve, expanding its reach into “physical AI.” The deal helped lift sentiment toward AI-cloud stocks. Article: CoreWeave lands multi-year deal to provide Wayve with cloud computing power
• Positive Sentiment: Despite reducing their targets, Rosenblatt Securities and Wells Fargo maintained Buy and Overweight ratings, respectively. Their new targets of $160 and $115 still imply substantial upside from recent levels, though the cuts reflect a more cautious outlook. Rosenblatt analyst ratings Wells Fargo analyst ratings
• Neutral Sentiment: Tuesday’s Q3 results are a key catalyst. Preview coverage points to rapid revenue growth, but investors will focus on whether growth and the company’s outlook can justify its heavy financing costs. Article: CoreWeave Q3 earnings on deck
• Negative Sentiment: Debt and credit risk are weighing on the shares ahead of earnings: reports say some CoreWeave bonds yield above 15%–16%, raising concerns that expensive borrowing could constrain growth and intensify refinancing pressure. Article: CoreWeave confronts neocloud credit risk
• Negative Sentiment: Investors also face uncertainty around Texas data-center development, including power, water, permitting and local political opposition. CoreWeave has sought to address community concerns, but unresolved constraints could affect its capacity plans. Article: CoreWeave Stock Drops as CEO Pushes for Texas Data-Center Clarity

CoreWeave Price Performance

NASDAQ:CRWV opened at $48.98 on Tuesday. CoreWeave Inc. has a 12-month low of $40.58 and a 12-month 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’s fifty day simple moving average is $74.86 and its 200-day simple moving average is $89.66.

CoreWeave (NASDAQ:CRWV) last released its quarterly earnings data on Tuesday, August 11th. The company reported ($1.14) EPS 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 in the prior year, the company posted ($0.27) EPS. On average, equities analysts predict that CoreWeave Inc. will post -4.97 EPS for the current fiscal year.

Insider Buying and Selling

In other CoreWeave news, major shareholder Magnetar Financial Llc sold 307,131 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $108.75, for a total transaction of $33,400,496.25. Following the transaction, the insider owned 220,810 shares in the company, valued at approximately $24,013,087.50. This trade represents a 58.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brannin Mcbee sold 144,000 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $106.08, for a total value of $15,275,520.00. Following the transaction, the insider owned 323,263 shares of the company’s stock, valued at $34,291,739.04. The trade was a 30.82% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 3,713,408 shares of company stock worth $336,866,280. Corporate insiders own 24.20% of the company’s stock.

About CoreWeave

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.