Quadrant Private Wealth Management LLC Raises Stake in CoreWeave Inc. $CRWV

Quadrant Private Wealth Management LLC grew its position in CoreWeave Inc. (NASDAQ:CRWV) by 103.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,766 shares of the company’s stock after purchasing an additional 39,469 shares during the quarter. CoreWeave makes up about 0.9% of Quadrant Private Wealth Management LLC’s investment portfolio, making the stock its 23rd largest holding. Quadrant Private Wealth Management LLC’s holdings in CoreWeave were worth $6,025,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CRWV. Vanguard Group Inc. raised its position in shares of CoreWeave by 275.6% during the 4th quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company’s stock valued at $1,999,421,000 after purchasing an additional 20,487,478 shares during the period. Proficio Capital Partners LLC lifted its stake in shares of CoreWeave by 446,194.0% during the 3rd quarter. Proficio Capital Partners LLC now owns 17,851,760 shares of the company’s stock valued at $2,443,013,000 after buying an additional 17,847,760 shares in the last quarter. Clear Street Group Inc. boosted its holdings in CoreWeave by 57.2% in the 4th quarter. Clear Street Group Inc. now owns 4,653,815 shares of the company’s stock worth $333,260,000 after buying an additional 1,692,916 shares during the period. Alyeska Investment Group L.P. boosted its holdings in CoreWeave by 300.0% in the 4th quarter. Alyeska Investment Group L.P. now owns 4,000,000 shares of the company’s stock worth $286,440,000 after buying an additional 3,000,000 shares during the period. Finally, Deutsche Bank AG increased its stake in CoreWeave by 22,624.0% in the 4th quarter. Deutsche Bank AG now owns 3,812,856 shares of the company’s stock worth $273,039,000 after buying an additional 3,796,077 shares in the last quarter.

CoreWeave Stock Up 0.4%

NASDAQ CRWV opened at $73.21 on Friday. 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 company has a market capitalization of $32.77 billion, a P/E ratio of -23.54 and a beta of 7.17. CoreWeave Inc. has a one year low of $63.80 and a one year high of $153.20. The stock has a 50 day moving average price of $100.38 and a 200-day moving average price of $95.19.

CoreWeave (NASDAQ:CRWV) last posted its earnings results on Thursday, May 7th. The company reported ($1.40) earnings per share 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 in the previous year, the business posted ($0.60) earnings per share. The business’s quarterly revenue was up 111.6% compared to the same quarter last year. As a group, equities analysts predict that CoreWeave Inc. will post -4.57 EPS for the current fiscal year.

Insider Buying and Selling at CoreWeave

In other CoreWeave news, major shareholder Magnetar Financial Llc sold 1,284,876 shares of CoreWeave stock in a transaction on Friday, May 1st. The shares were sold at an average price of $119.91, for a total value of $154,069,481.16. Following the completion of the transaction, the insider directly owned 264,061 shares of the company’s stock, valued at $31,663,554.51. This trade represents a 82.95% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Brian M. Venturo sold 1,125,000 shares of the business’s stock in a transaction dated Monday, April 20th. The stock was sold at an average price of $115.93, for a total transaction of $130,421,250.00. 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 22,294,471 shares of company stock worth $2,607,466,396 over the last 90 days. 24.20% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on CRWV shares. BNP Paribas Exane assumed coverage on CoreWeave in a report on Tuesday, June 2nd. They set an “outperform” rating and a $192.00 price target on the stock. Citigroup upped their price objective on CoreWeave from $155.00 to $158.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Roth Capital reiterated a “buy” rating and set a $150.00 target price on shares of CoreWeave in a research report on Friday, May 8th. Oppenheimer lifted their target price on CoreWeave from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Finally, JPMorgan Chase & Co. boosted their price target on CoreWeave from $90.00 to $105.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Twenty analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $138.87.

CoreWeave 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.