IronBridge Private Wealth LLC lessened its position in CoreWeave Inc. (NASDAQ:CRWV – Free Report) by 25.6% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 53,262 shares of the company’s stock after selling 18,300 shares during the period. CoreWeave makes up about 1.4% of IronBridge Private Wealth LLC’s holdings, making the stock its 22nd largest position. IronBridge Private Wealth LLC’s holdings in CoreWeave were worth $4,640,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Essential Partners LLC acquired a new position in shares of CoreWeave during the second quarter worth approximately $30,000. MassMutual Private Wealth & Trust FSB grew its position in CoreWeave by 241.1% in the 3rd quarter. MassMutual Private Wealth & Trust FSB now owns 307 shares of the company’s stock valued at $27,000 after purchasing an additional 217 shares during the period. Burnham & Co LLC acquired a new stake in CoreWeave in the 2nd quarter valued at $32,000. Cassaday & Co Wealth Management LLC acquired a new stake in CoreWeave in the 1st quarter valued at $31,000. Finally, Allied Private Wealth LLC bought a new stake in CoreWeave during the 2nd quarter valued at $40,000.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the stock. Mizuho lowered their price objective on shares of CoreWeave from $115.00 to $88.00 and set a “neutral” rating on the stock in a report on Thursday, October 15th. Rothschild & Co Redburn began coverage on shares of CoreWeave in a research note on Monday, September 21st. They issued a “sell” rating and a $54.00 price objective on the stock. Cantor Fitzgerald reiterated an “overweight” rating on shares of CoreWeave in a report on Monday, October 19th. Weiss Ratings reiterated a “sell (d-)” rating on shares of CoreWeave in a report on Monday, September 21st. Finally, Truist Financial boosted their target price on shares of CoreWeave from $155.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, August 24th. Twenty-seven analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $129.41.
View Our Latest Analysis on CRWV
CoreWeave Stock Performance
Shares of CRWV stock opened at $46.40 on Monday. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 5.53. The firm has a market cap of $21.29 billion, a P/E ratio of -12.71 and a beta of 7.71. The company has a 50 day moving average of $75.56 and a 200-day moving average of $89.88. CoreWeave Inc. has a 12-month low of $40.58 and a 12-month high of $138.25.
CoreWeave (NASDAQ:CRWV – Get Free Report) last posted its quarterly earnings data on Tuesday, August 11th. The company reported ($1.14) EPS for the quarter, beating the consensus estimate of ($1.52) by $0.38. CoreWeave had a negative return on equity of 47.95% and a negative net margin of 25.41%. The business had revenue of $2.58 billion for the quarter. During the same quarter in the previous year, the company posted ($0.27) EPS. CoreWeave’s revenue for the quarter was up 112.5% on a year-over-year basis. Sell-side analysts anticipate that CoreWeave Inc. will post -4.97 earnings per share for the current year.
More CoreWeave News
Here are the key news stories impacting CoreWeave this week:
- Positive Sentiment: Better-than-expected results from other AI-cloud companies helped spark a sector relief rally, lifting CoreWeave after Thursday’s losses. Article: Cloudflare and IREN earnings spark an AI-cloud rebound
- Positive Sentiment: Investors are looking to strong AI demand, a reported $104 billion backlog and expanding infrastructure as potential supports for CoreWeave’s Q3 results. Article: CRWV poised for a Q3 earnings beat
- Neutral Sentiment: Q3 expectations point to rapid growth—guidance implies roughly 158% year-over-year revenue growth—but an adjusted operating margin of about 6.5% would underscore that growth is not yet translating into robust profitability. Article: CoreWeave stock is no bargain—earnings preview
- Negative Sentiment: CoreWeave’s bond yield has topped 16%, signaling heightened concern about the cost of financing its infrastructure expansion. High leverage and a 0.46 current ratio add to refinancing and liquidity risks. Article: CoreWeave bond yield tops 16%
- Negative Sentiment: Investors are also weighing possible tighter rules and slower permitting for data centers, including in Texas, a key market for infrastructure growth. Article: Is CoreWeave facing a growth squeeze from data-center rules?
- Negative Sentiment: A broader pullback in AI and data-center stocks, alongside an analyst downgrade and a price-target cut, has added pressure ahead of earnings. Article: AI stocks hammered as data-center concerns rise
Insiders Place Their Bets
In other news, CRO Jonathan Jones sold 21,569 shares of the company’s stock in a transaction on Tuesday, October 13th. The stock was sold at an average price of $77.42, for a total transaction of $1,669,871.98. Following the transaction, the executive owned 5,392 shares of the company’s stock, valued at $417,448.64. This represents a 80.00% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Jeff Baker sold 6,670 shares of the business’s stock in a transaction dated Thursday, October 29th. The shares were sold at an average price of $61.16, for a total value of $407,937.20. Following the completion of the sale, the insider owned 14,170 shares in the company, valued at $866,637.20. This represents a 32.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders sold 4,021,100 shares of company stock valued at $364,306,253. Company insiders own 24.20% of the company’s stock.
CoreWeave Company Profile
CoreWeave is a cloud computing company that provides infrastructure for artificial intelligence, machine learning, and other compute-intensive workloads. Its services include access to graphics processing units (GPUs), cloud storage and networking, and software tools for deploying and managing workloads.
The company was founded in 2017 as a cryptocurrency mining business and later shifted its focus to cloud computing. CoreWeave is headquartered in Livingston, New Jersey, and operates data center infrastructure in the United States and Europe, serving customers that need large-scale computing resources.
Co-founder Michael Intrator serves as CoreWeave’s chief executive officer.
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