Cibc World Market Inc. Purchases 28,992 Shares of CoreWeave Inc. $CRWV

Cibc World Market Inc. increased its position in shares of CoreWeave Inc. (NASDAQ:CRWV) by 700.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,130 shares of the company’s stock after buying an additional 28,992 shares during the period. Cibc World Market Inc.’s holdings in CoreWeave were worth $2,372,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Cornerstone Planning Group LLC boosted its holdings in shares of CoreWeave by 272.8% during the 4th quarter. Cornerstone Planning Group LLC now owns 343 shares of the company’s stock worth $25,000 after buying an additional 251 shares during the period. KERR FINANCIAL PLANNING Corp bought a new stake in shares of CoreWeave during the 3rd quarter worth $27,000. Aspect Partners LLC acquired a new position in CoreWeave during the 3rd quarter valued at $28,000. Cullen Frost Bankers Inc. raised its stake in CoreWeave by 45.8% during the 4th quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock valued at $28,000 after purchasing an additional 121 shares during the last quarter. Finally, Marshall & Sterling Wealth Advisors Inc. acquired a new position in CoreWeave during the 3rd quarter valued at $30,000.

Key CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave landed a major $6 billion AI cloud agreement with Jane Street, including a $1 billion equity investment, reinforcing demand for its infrastructure and supporting the long-term growth story. CoreWeave Jane Street AI Cloud Pact Reframes Growth And Valuation Story
• Positive Sentiment: Analyst sentiment remains constructive, with most ratings at Buy and an average price target above recent trading levels, suggesting Wall Street still sees upside if execution holds. Why CoreWeave (CRWV) is a Strategically Important firm in AI Infrastructure?
• Neutral Sentiment: The company is exploring financing options in the European high-yield bond market, which may help fund AI infrastructure expansion but also underscores ongoing capital needs. CoreWeave Explores European Bond Market as AI Infrastructure Funding Accelerates
• Neutral Sentiment: Short interest data showed no meaningful change in reported shares, so this does not appear to be a major near-term trading catalyst. CoreWeave stock slips: What’s happening today?
• Negative Sentiment: Reports that CoreWeave founders have sold $2.3 billion in planned stock sales since the IPO may raise investor concerns about insider confidence and supply overhang. CoreWeave founders sold $2.3B in planned stock sales since IPO: report
• Negative Sentiment: Recent articles highlight that CRWV has fallen sharply over the past year, and the stock’s valuation remains under scrutiny despite strong AI growth prospects. CoreWeave Stock Tumbles 34% in a Year: What Should Investors Do Now?

CoreWeave Trading Down 3.8%

Shares of CRWV stock opened at $98.45 on Wednesday. CoreWeave Inc. has a 52-week low of $63.80 and a 52-week high of $187.00. The stock has a market cap of $44.06 billion, a price-to-earnings ratio of -31.66 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 firm has a fifty day moving average of $106.51 and a 200-day moving average of $92.00.

CoreWeave (NASDAQ:CRWV) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($1.40) earnings per share (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 business had revenue of $2.08 billion during the quarter. During the same period last year, the company posted ($0.60) EPS. The business’s quarterly revenue was up 111.6% on a year-over-year basis. On average, equities research analysts forecast that CoreWeave Inc. will post -4.57 earnings per share for the current fiscal year.

Insider Activity

In other news, major shareholder Magnetar Financial Llc sold 1,404,667 shares of the stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $118.30, for a total value of $166,172,106.10. Following the completion of the transaction, the insider owned 282,570 shares in the company, valued at approximately $33,428,031. This represents a 83.25% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Brian M. Venturo sold 1,125,000 shares of the stock in a transaction on Monday, April 6th. The shares were sold at an average price of $80.86, for a total transaction of $90,967,500.00. Following the completion of the transaction, the insider owned 285,327 shares of the company’s stock, valued at approximately $23,071,541.22. This represents a 79.77% decrease in their position. 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 sold 27,161,017 shares of company stock worth $3,069,845,030.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CRWV shares. Jefferies Financial Group upped their target price on shares of CoreWeave from $120.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Citigroup upped their target price on shares of CoreWeave from $155.00 to $158.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. BNP Paribas Exane started coverage on shares of CoreWeave in a research note on Tuesday, June 2nd. They set an “outperform” rating and a $192.00 target price for the company. Cantor Fitzgerald upped their target price on shares of CoreWeave from $156.00 to $167.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of CoreWeave in a research note on Monday, May 4th. Twenty equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, CoreWeave has an average rating of “Moderate Buy” and a consensus price target of $131.52.

CoreWeave Company Profile

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.