Cibc World Market Inc. Purchases 15,559 Shares of CoreWeave Inc. $CRWV

Cibc World Market Inc. increased its position in shares of CoreWeave Inc. (NASDAQ:CRWV) by 48.2% during the second quarter, Holdings Channel.com reports. The institutional investor owned 47,818 shares of the company’s stock after purchasing an additional 15,559 shares during the period. Cibc World Market Inc.’s holdings in CoreWeave were worth $4,760,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in CoreWeave by 275.6% in the fourth quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company’s stock valued at $1,999,421,000 after acquiring an additional 20,487,478 shares during the last quarter. Proficio Capital Partners LLC increased 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 worth $2,443,013,000 after purchasing an additional 17,847,760 shares during the last quarter. Bank of America Corp DE increased its stake in shares of CoreWeave by 13.1% during the 1st quarter. Bank of America Corp DE now owns 5,652,129 shares of the company’s stock worth $437,870,000 after purchasing an additional 653,398 shares during the last quarter. Clear Street Group Inc. raised its holdings in shares of CoreWeave by 57.2% in the 4th quarter. Clear Street Group Inc. now owns 4,653,815 shares of the company’s stock valued at $333,260,000 after purchasing an additional 1,692,916 shares during the period. Finally, Alyeska Investment Group L.P. raised its holdings in shares of CoreWeave by 300.0% in the 4th quarter. Alyeska Investment Group L.P. now owns 4,000,000 shares of the company’s stock valued at $286,440,000 after purchasing an additional 3,000,000 shares during the period.

Insider Activity at CoreWeave

In other news, insider Brian M. Venturo sold 5,899 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $91.88, for a total value of $542,000.12. Following the transaction, the insider owned 241,371 shares of the company’s stock, valued at approximately $22,177,167.48. This represents a 2.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Sachin Jain sold 6,339 shares of the stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $91.88, for a total value of $582,427.32. Following the transaction, the chief operating officer owned 157,091 shares in the company, valued at approximately $14,433,521.08. This trade represents a 3.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 8,050,523 shares of company stock valued at $783,406,748. Insiders own 24.20% of the company’s stock.

CoreWeave Stock Performance

Shares of CRWV stock opened at $88.04 on Wednesday. The company has a market capitalization of $40.40 billion, a price-to-earnings ratio of -24.12 and a beta of 7.44. The company has a debt-to-equity ratio of 5.53, a quick ratio of 0.46 and a current ratio of 0.46. The company has a 50-day simple moving average of $89.01 and a 200 day simple moving average of $94.80. CoreWeave Inc. has a 52 week low of $60.55 and a 52 week high of $153.20.

CoreWeave (NASDAQ:CRWV) last released its quarterly earnings results on Tuesday, August 11th. The company reported ($1.14) earnings per share for the quarter, beating the consensus estimate of ($1.52) by $0.38. The firm had revenue of $2.58 billion for the quarter. CoreWeave had a negative net margin of 25.41% and a negative return on equity of 47.95%. The firm’s revenue was up 112.5% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.27) earnings per share. On average, sell-side analysts predict that CoreWeave Inc. will post -5.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

CRWV has been the subject of a number of research analyst reports. BNP Paribas Exane started coverage on CoreWeave in a report on Tuesday, June 2nd. They set an “outperform” rating and a $192.00 price target for the company. Citigroup upped their price objective on CoreWeave from $142.00 to $159.00 and gave the company a “buy” rating in a research note on Friday, August 14th. Piper Sandler reaffirmed an “overweight” rating and issued a $153.00 price objective (up from $151.00) on shares of CoreWeave in a research report on Wednesday, August 12th. Mizuho lifted their target price on CoreWeave from $100.00 to $115.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 12th. Finally, The Goldman Sachs Group boosted their target price on CoreWeave from $121.00 to $139.00 and gave the stock a “neutral” rating in a report on Friday. Twenty-one research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $141.90.

Trending Headlines about CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Expanded Rescale partnership: Rescale will expand its cloud ecosystem to CoreWeave Cloud, giving customers in aerospace, automotive, energy, life sciences and manufacturing access to CoreWeave’s GPU capacity for AI and simulation workloads. The agreement could broaden CoreWeave’s customer base and improve utilization of its data-center infrastructure. Rescale Expands Cloud Ecosystem with CoreWeave for Engineering and AI Workloads
• Positive Sentiment: Additional enterprise demand: CoreWeave reportedly secured a multiyear AI-cloud infrastructure agreement with quantitative trading firm Hudson River Trading. The deal expands the company’s presence in financial-services workloads and supports the broader investment case that demand for GPU compute remains strong. CoreWeave Lands AI Cloud Deal As Data Center Rules Tighten
• Positive Sentiment: Optimistic analyst view: Truist said CoreWeave shares could nearly double, even as chip costs rise, reinforcing bullish sentiment following the company’s strong revenue growth and upbeat AI-demand outlook. CoreWeave shares are set to nearly double even as chip costs rise, Truist says
• Neutral Sentiment: A reported change in short interest shows zero shares both before and after the measurement period, producing an invalid “NaN” change. The data appears unreliable and offers no meaningful signal about investor positioning.
• Negative Sentiment: Leverage remains a major overhang: CoreWeave’s roughly $35 billion debt load and high interest expense could absorb much of its operating income. Analysts also warn that Nvidia-backed financing platforms could make GPU access cheaper and more competitive, weakening CoreWeave’s economics. CoreWeave’s AI Data Center Capacity Is Exploding
• Negative Sentiment: Rising global bond yields have pressured technology stocks, while tighter state-level rules on data-center energy use and transparency could increase CoreWeave’s expansion costs and slow new capacity deployments.

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.