Trivest Advisors Ltd Has $716,000 Holdings in CoreWeave Inc. $CRWV

Trivest Advisors Ltd lessened its stake in shares of CoreWeave Inc. (NASDAQ:CRWVFree Report) by 92.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 10,000 shares of the company’s stock after selling 129,000 shares during the period. Trivest Advisors Ltd’s holdings in CoreWeave were worth $716,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. KERR FINANCIAL PLANNING Corp bought a new stake in shares of CoreWeave during the third quarter worth $27,000. Aspect Partners LLC acquired a new stake in shares of CoreWeave in the 3rd quarter valued at $28,000. Rothschild Investment LLC grew its stake in shares of CoreWeave by 10,700.0% during the third quarter. Rothschild Investment LLC now owns 216 shares of the company’s stock worth $30,000 after purchasing an additional 214 shares during the period. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of CoreWeave during the third quarter worth $30,000. Finally, UMB Bank n.a. acquired a new stake in shares of CoreWeave during the third quarter worth $34,000.

CoreWeave Stock Down 7.1%

Shares of CRWV opened at $100.39 on Friday. CoreWeave Inc. has a 52 week low of $63.80 and a 52 week high of $187.00. The stock has a market capitalization of $44.93 billion, a price-to-earnings ratio of -32.28 and a beta of 7.14. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a fifty day moving average of $105.60 and a 200-day moving average of $91.52.

CoreWeave (NASDAQ:CRWVGet Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($1.40) EPS for the quarter, missing analysts’ consensus estimates of ($1.17) by ($0.23). CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. The firm had revenue of $2.08 billion during the quarter. During the same period last year, the firm earned ($0.60) EPS. The business’s revenue was up 111.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that CoreWeave Inc. will post -4.57 earnings per share for the current fiscal year.

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Analysts Set New Price Targets

CRWV has been the topic of several recent analyst reports. Wolfe Research began coverage on CoreWeave in a report on Thursday, April 16th. They set an “outperform” rating and a $150.00 target price on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $135.00 target price on shares of CoreWeave in a report on Friday, May 8th. Weiss Ratings reissued a “sell (e+)” rating on shares of CoreWeave in a research report on Monday, May 4th. Roth Mkm reaffirmed a “buy” rating and issued a $150.00 target price on shares of CoreWeave in a research report on Friday, May 8th. Finally, BNP Paribas Exane began coverage on CoreWeave in a research report on Tuesday. They issued an “outperform” rating and a $192.00 target price on the stock. Twenty analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $131.52.

Get Our Latest Analysis on CRWV

Insiders Place Their Bets

In related news, COO Sachin Jain sold 3,798 shares of the stock in a transaction on Monday, June 1st. The stock was sold at an average price of $120.00, for a total value of $455,760.00. Following the completion of the sale, the chief operating officer directly owned 127,629 shares in the company, valued at $15,315,480. This represents a 2.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brian M. Venturo sold 15,385 shares of the stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $112.51, for a total value of $1,730,966.35. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 27,806,624 shares of company stock valued at $3,117,894,678 over the last ninety days.

About CoreWeave

(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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