Krane Funds Advisors LLC Makes New $1.98 Million Investment in CoreWeave Inc. $CRWV

Krane Funds Advisors LLC bought a new position in CoreWeave Inc. (NASDAQ:CRWVFree Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 14,744 shares of the company’s stock, valued at approximately $1,975,000.

A number of other institutional investors have also made changes to their positions in the company. Family Legacy Financial Solutions LLC raised its position in shares of CoreWeave by 166.7% during the 3rd quarter. Family Legacy Financial Solutions LLC now owns 200 shares of the company’s stock valued at $27,000 after acquiring an additional 125 shares in the last quarter. HighMark Wealth Management LLC bought a new stake in CoreWeave during the third quarter valued at $27,000. OLD Second National Bank of Aurora acquired a new stake in shares of CoreWeave during the third quarter worth $27,000. Princeton Global Asset Management LLC bought a new position in shares of CoreWeave in the 3rd quarter worth about $28,000. Finally, Aspect Partners LLC acquired a new position in shares of CoreWeave in the 3rd quarter valued at about $28,000.

CoreWeave News Summary

Here are the key news stories impacting CoreWeave this week:

CoreWeave Trading Up 1.8%

NASDAQ:CRWV opened at $90.84 on Tuesday. CoreWeave Inc. has a 1 year low of $33.51 and a 1 year high of $187.00. The stock has a market cap of $35.10 billion and a price-to-earnings ratio of -62.65. The business has a fifty day moving average of $87.08 and a 200-day moving average of $100.62. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.49 and a current ratio of 0.49.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CRWV. DA Davidson upgraded shares of CoreWeave from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $68.00 to $110.00 in a research note on Monday, January 26th. Bank of America lowered their target price on CoreWeave from $168.00 to $140.00 and set a “neutral” rating for the company in a report on Tuesday, November 11th. HC Wainwright reiterated a “buy” rating and set a $180.00 price target on shares of CoreWeave in a research report on Wednesday, November 12th. Macquarie Infrastructure reissued a “neutral” rating and issued a $115.00 price target on shares of CoreWeave in a report on Tuesday, January 27th. Finally, Barclays reduced their price objective on CoreWeave from $120.00 to $90.00 and set an “equal weight” rating for the company in a research report on Monday, January 12th. Seventeen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $125.45.

Get Our Latest Report on CRWV

Insider Activity at CoreWeave

In other news, CEO Michael N. Intrator sold 111,427 shares of the company’s stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $72.39, for a total value of $8,066,200.53. Following the completion of the sale, the chief executive officer directly owned 5,922,620 shares of the company’s stock, valued at approximately $428,738,461.80. This represents a 1.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Brannin Mcbee sold 102,835 shares of the firm’s stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $83.80, for a total transaction of $8,617,573.00. Following the transaction, the insider owned 185,181 shares in the company, valued at $15,518,167.80. This represents a 35.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 4,820,751 shares of company stock worth $407,231,149 in the last 90 days.

CoreWeave Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CoreWeave (NASDAQ:CRWV)

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