Harel Insurance Investments & Financial Services Ltd. Makes New $329,000 Investment in CoreWeave Inc. $CRWV

Harel Insurance Investments & Financial Services Ltd. bought a new position in CoreWeave Inc. (NASDAQ:CRWVFree Report) during the 4th quarter, HoldingsChannel reports. The firm bought 4,600 shares of the company’s stock, valued at approximately $329,000.

Several other hedge funds also recently bought and sold shares of CRWV. AE Wealth Management LLC acquired a new stake in shares of CoreWeave during the third quarter worth $4,241,000. Vanguard Group Inc. raised its holdings in shares of CoreWeave by 275.6% during the fourth quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company’s stock worth $1,999,421,000 after acquiring an additional 20,487,478 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of CoreWeave by 6,022.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 112,768 shares of the company’s stock worth $8,075,000 after acquiring an additional 110,926 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of CoreWeave by 67.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 66,947 shares of the company’s stock worth $4,794,000 after acquiring an additional 26,907 shares during the period. Finally, Hidden Lake Asset Management LP acquired a new stake in shares of CoreWeave during the third quarter worth $14,814,000.

CoreWeave Stock Up 7.9%

Shares of CRWV stock opened at $137.98 on Thursday. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 4.46. CoreWeave Inc. has a 1 year low of $50.18 and a 1 year high of $187.00. The firm’s fifty day moving average price is $93.59 and its two-hundred day moving average price is $92.40. The firm has a market capitalization of $61.12 billion, a P/E ratio of -43.12 and a beta of 7.84.

CoreWeave (NASDAQ:CRWVGet Free Report) last issued its quarterly earnings results on Thursday, February 26th. The company reported ($0.89) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.61) by ($0.28). CoreWeave had a negative net margin of 22.75% and a negative return on equity of 33.82%. The business had revenue of $1.57 billion during the quarter. The company’s revenue for the quarter was up 110.4% compared to the same quarter last year. On average, equities analysts predict that CoreWeave Inc. will post -4.15 EPS for the current fiscal year.

Insider Buying and Selling at CoreWeave

In other CoreWeave news, insider Brian M. Venturo sold 375,000 shares of CoreWeave stock in a transaction on Monday, May 4th. The shares were sold at an average price of $126.78, for a total value of $47,542,500.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Magnetar Financial Llc sold 349,437 shares of CoreWeave stock in a transaction on Tuesday, May 5th. The shares were sold at an average price of $127.68, for a total transaction of $44,616,116.16. Following the completion of the sale, the insider owned 709,883 shares in the company, valued at $90,637,861.44. The trade was a 32.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 21,149,622 shares of company stock worth $2,296,279,301.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

Wall Street Analyst Weigh In

CRWV has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft upgraded shares of CoreWeave from a “hold” rating to a “buy” rating and raised their price objective for the stock from $100.00 to $140.00 in a report on Tuesday, January 27th. Sanford C. Bernstein raised their price objective on shares of CoreWeave from $56.00 to $67.00 and gave the stock an “underperform” rating in a report on Tuesday, April 14th. Mizuho raised their price objective on shares of CoreWeave from $95.00 to $105.00 and gave the stock a “neutral” rating in a report on Tuesday, April 14th. Citizens Jmp restated a “market outperform” rating and set a $180.00 price objective on shares of CoreWeave in a report on Friday, February 27th. Finally, Roth Mkm restated a “buy” rating on shares of CoreWeave in a report on Monday, February 23rd. Twenty research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $127.94.

View Our Latest Research Report on CoreWeave

CoreWeave Profile

(Free Report)

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.

Featured Stories

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Institutional Ownership by Quarter for CoreWeave (NASDAQ:CRWV)

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