Allworth Financial LP Has $825,000 Stock Holdings in CoreWeave Inc. $CRWV

Allworth Financial LP boosted its holdings in shares of CoreWeave Inc. (NASDAQ:CRWV) by 164.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 11,516 shares of the company’s stock after purchasing an additional 7,158 shares during the period. Allworth Financial LP’s holdings in CoreWeave were worth $825,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. AE Wealth Management LLC acquired a new position in shares of CoreWeave during the third quarter worth about $4,241,000. Vanguard Group Inc. raised its position in CoreWeave by 275.6% in the 4th quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company’s stock valued at $1,999,421,000 after buying an additional 20,487,478 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in CoreWeave by 6,022.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 112,768 shares of the company’s stock valued at $8,075,000 after acquiring an additional 110,926 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in CoreWeave by 67.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 66,947 shares of the company’s stock valued at $4,794,000 after acquiring an additional 26,907 shares in the last quarter. Finally, Hidden Lake Asset Management LP acquired a new position in CoreWeave during the 3rd quarter worth approximately $14,814,000.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Roth Mkm reissued a “buy” rating and issued a $150.00 price objective on shares of CoreWeave in a research report on Friday, May 8th. Oppenheimer lifted their price target on shares of CoreWeave from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. JPMorgan Chase & Co. boosted their price target on shares of CoreWeave from $90.00 to $105.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Evercore restated an “outperform” rating and set a $150.00 price objective on shares of CoreWeave in a research note on Wednesday, April 15th. Finally, Jefferies Financial Group raised their price objective on CoreWeave from $120.00 to $160.00 and gave the company a “buy” rating in a report on Monday, May 4th. Nineteen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $129.63.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave closed a $3.1 billion delayed draw term loan facility, giving it more capital to support AI cloud expansion and customer deployments. CoreWeave Closes $3.1 Billion Loan Facility, Expanding Access to Public Markets for GPU-Backed Financing
• Positive Sentiment: Some bullish commentary argues CoreWeave remains undervalued despite its rally, pointing to rapid revenue growth and a very large backlog of committed demand. Why CoreWeave Still Looks Undervalued
• Neutral Sentiment: CoreWeave presented at J.P. Morgan’s technology conference, which may help keep investor attention on its growth story but did not include an obvious major new catalyst. CoreWeave, Inc. (CRWV) Presents at J.P. Morgan 54th Annual Global Technology, Media and Communications Conference Transcript
• Neutral Sentiment: NVIDIA’s latest portfolio disclosure is being interpreted as more nuanced than it first appeared, but the market seems to be using it mainly as a read on AI infrastructure winners and losers. A Deep Dive Into NVIDIA’s Latest Portfolio Moves (CRWV)
• Negative Sentiment: Google and Blackstone’s new AI cloud venture is being seen as a direct competitive threat to CoreWeave, especially because it is backed by massive equity capital and Google’s TPU technology. CoreWeave stock falls 4% — why Google Blackstone deal is bad for the stock?
• Negative Sentiment: DA Davidson downgraded CoreWeave and lowered its price target to $100 from $175, citing stretched valuation and concerns about capital intensity, leverage, and persistent losses. CoreWeave: Don’t Say I Didn’t Warn You To Leave Before It Was Too Late (Downgrade)
• Negative Sentiment: Additional coverage emphasizes that CoreWeave has already raised more than $20 billion in capital this year, reinforcing investor worries about dilution, funding needs, and balance-sheet risk. CoreWeave Has Raised $20 Billion in Capital This Year. Should Investors Be Worried?

CoreWeave Stock Down 3.8%

CoreWeave stock opened at $99.81 on Wednesday. The company has a debt-to-equity ratio of 3.68, a current ratio of 0.31 and a quick ratio of 0.31. The company’s 50-day moving average is $98.56 and its 200-day moving average is $91.17. The firm has a market capitalization of $44.67 billion, a PE ratio of -32.09 and a beta of 7.84. CoreWeave Inc. has a fifty-two week low of $63.80 and a fifty-two week high of $187.00.

CoreWeave (NASDAQ:CRWV) last issued its earnings results on Thursday, February 26th. The company reported ($0.89) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.61) by ($0.28). CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. The firm had revenue of $1.57 billion during the quarter. CoreWeave’s quarterly revenue was up 110.4% compared to the same quarter last year. Sell-side analysts anticipate that CoreWeave Inc. will post -4.15 earnings per share for the current year.

Insider Buying and Selling

In other CoreWeave news, insider Brian M. Venturo sold 1,125,000 shares of the firm’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $80.86, for a total transaction of $90,967,500.00. Following the completion of the sale, the insider owned 285,327 shares of the company’s stock, valued at $23,071,541.22. This trade represents a 79.77% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Magnetar Financial Llc sold 1,404,667 shares of CoreWeave stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $118.30, for a total transaction of $166,172,106.10. Following the transaction, the insider directly owned 282,570 shares of the company’s stock, valued at approximately $33,428,031. This trade represents a 83.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 24,427,381 shares of company stock worth $2,745,331,673 over the last three months.

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.