CoreWeave Inc. $CRWV Stock Acquired by Lake Street Private Wealth LLC

Lake Street Private Wealth LLC raised its holdings in shares of CoreWeave Inc. (NASDAQ:CRWV) by 42.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 43,353 shares of the company’s stock after acquiring an additional 12,885 shares during the quarter. Lake Street Private Wealth LLC’s holdings in CoreWeave were worth $3,777,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in CRWV. Public Employees Retirement System of Ohio purchased a new position in CoreWeave in the second quarter valued at approximately $15,543,000. California State Teachers Retirement System raised its stake in CoreWeave by 25.5% during the 1st quarter. California State Teachers Retirement System now owns 320,011 shares of the company’s stock worth $24,791,000 after acquiring an additional 64,960 shares in the last quarter. Bank of New York Mellon Corp lifted its position in CoreWeave by 12.6% in the first quarter. Bank of New York Mellon Corp now owns 353,702 shares of the company’s stock valued at $27,401,000 after acquiring an additional 39,599 shares during the last quarter. Ardmore Road Asset Management LP boosted its stake in CoreWeave by 3,410.0% in the first quarter. Ardmore Road Asset Management LP now owns 351,000 shares of the company’s stock valued at $27,192,000 after acquiring an additional 341,000 shares in the last quarter. Finally, TD Waterhouse Canada Inc. boosted its stake in CoreWeave by 30.6% in the second quarter. TD Waterhouse Canada Inc. now owns 73,470 shares of the company’s stock valued at $7,313,000 after acquiring an additional 17,196 shares in the last quarter.

CoreWeave Price Performance

Shares of NASDAQ:CRWV opened at $55.60 on Friday. The company has a 50-day simple moving average of $83.97 and a 200-day simple moving average of $94.04. CoreWeave Inc. has a one year low of $53.50 and a one year high of $141.79. 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 stock has a market capitalization of $25.51 billion, a price-to-earnings ratio of -15.23 and a beta of 7.36.

CoreWeave (NASDAQ:CRWV) last announced its earnings results on Tuesday, August 11th. The company reported ($1.14) earnings per share for the quarter, topping the consensus estimate of ($1.52) by $0.38. CoreWeave had a negative net margin of 25.41% and a negative return on equity of 47.95%. The business had revenue of $2.58 billion during the quarter. During the same quarter last year, the company posted ($0.27) EPS. CoreWeave’s quarterly revenue was up 112.5% on a year-over-year basis. On average, analysts predict that CoreWeave Inc. will post -4.95 EPS for the current year.

CoreWeave News Summary

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Growth outlook remains strong. Bank of America maintained its Buy rating and $140 price target, forecasting third-quarter revenue growth of 168% year over year as new data-center capacity comes online. CoreWeave capacity expansion to drive revenue growth, Bank of America says
• Positive Sentiment: Some industry executives and analysts remain constructive. Blackstone’s Jon Gray said CoreWeave can “find a way through” its financing challenges, while Nvidia CEO Jensen Huang and SpaceX-related commentary supported the view that demand for AI computing remains durable. One analyst also disclosed adding to a CoreWeave position. Blackstone’s Jon Gray says CoreWeave can find a way through financing pressure
• Neutral Sentiment: Analyst views are sharply divided. While Bernstein became more bearish and cut its price target, other analysts continue to argue that the stock may be approaching fair value after a major decline. This disagreement is likely to keep CRWV highly volatile ahead of third-quarter results expected in early November. Wall Street’s big CoreWeave stock bear is now even more bearish
• Negative Sentiment: Financing concerns are driving the selloff. Bernstein estimated CoreWeave could face a $76 billion funding gap—more than triple Goldman Sachs’ estimate—raising questions about how the company will fund its planned infrastructure buildout. Bernstein puts CoreWeave’s funding gap at $76 billion
• Negative Sentiment: Credit-market stress has intensified. CoreWeave’s bonds have moved into distressed territory, credit-default-swap spreads reportedly exceeded 1,000 basis points, and debt due in 2032 traded at a yield as high as 9.625%. Investors fear expensive refinancing, weaker liquidity and the possibility that debt-funded growth may not generate returns quickly enough. The Neocloud Bloodbath: NBIS, IREN, and CRWV Selloff Continues

Insider Activity

In other CoreWeave news, major shareholder Magnetar Financial Llc sold 307,131 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $108.75, for a total transaction of $33,400,496.25. Following the completion of the sale, the insider directly owned 220,810 shares of the company’s stock, valued at $24,013,087.50. This represents a 58.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael N. Intrator sold 200,000 shares of the stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $66.62, for a total value of $13,324,000.00. Following the sale, the chief executive officer directly owned 2,276,815 shares of the company’s stock, valued at $151,681,415.30. The trade was a 8.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 5,352,578 shares of company stock worth $471,777,344 in the last 90 days. 24.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

CRWV has been the topic of several research reports. Piper Sandler dropped their price objective on CoreWeave from $153.00 to $124.00 and set an “overweight” rating on the stock in a report on Wednesday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $150.00 target price on shares of CoreWeave in a report on Friday, August 7th. Mizuho dropped their price target on CoreWeave from $115.00 to $88.00 and set a “neutral” rating on the stock in a research note on Thursday, October 15th. Sanford C. Bernstein upgraded CoreWeave from a “strong sell” rating to a “hold” rating in a research note on Monday. Finally, BNP Paribas Exane reiterated an “outperform” rating and issued a $117.00 price objective on shares of CoreWeave in a research note on Monday. Twenty-five analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $131.57.

CoreWeave Company Profile

CoreWeave, Inc is a specialized cloud computing company that provides infrastructure designed for artificial intelligence (AI), machine learning, and other high-performance computing workloads. Its platform gives customers access to accelerated computing resources, including graphics processing units (GPUs), along with the networking, storage, and software tools needed to develop, train, and deploy demanding applications.

The company offers cloud services for AI model training and inference, visual effects and rendering, scientific computing, and other data-intensive workloads.