CoreWeave Inc. $CRWV Shares Bought by Castle Rock Wealth Management LLC

Castle Rock Wealth Management LLC boosted its holdings in shares of CoreWeave Inc. (NASDAQ:CRWV) by 657.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 25,153 shares of the company’s stock after buying an additional 21,833 shares during the quarter. Castle Rock Wealth Management LLC’s holdings in CoreWeave were worth $1,801,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CRWV. Sivia Capital Partners LLC acquired a new stake in CoreWeave during the second quarter worth $39,824,000. Quantbot Technologies LP acquired a new stake in CoreWeave during the second quarter worth $311,000. Invesco Ltd. acquired a new stake in CoreWeave during the second quarter worth $882,000. First Trust Advisors LP acquired a new stake in shares of CoreWeave in the second quarter valued at $20,260,000. Finally, Baird Financial Group Inc. acquired a new stake in shares of CoreWeave in the second quarter valued at $455,000.

Insider Buying and Selling at CoreWeave

In related news, major shareholder Magnetar Financial Llc sold 159,168 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $129.91, for a total transaction of $20,677,514.88. Following the completion of the transaction, the insider owned 674,490 shares in the company, valued at approximately $87,622,995.90. The trade was a 19.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Brian M. Venturo sold 375,000 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $115.85, for a total value of $43,443,750.00. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 24,448,144 shares of company stock valued at $2,741,354,245.

Analyst Upgrades and Downgrades

CRWV has been the subject of a number of research reports. Evercore reaffirmed an “outperform” rating and issued a $150.00 price objective on shares of CoreWeave in a research note on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $135.00 price objective on shares of CoreWeave in a research note on Friday, May 8th. Cantor Fitzgerald lifted their price objective on CoreWeave from $156.00 to $167.00 and gave the company an “overweight” rating in a research note on Monday. Roth Mkm reaffirmed a “buy” rating and issued a $150.00 price objective on shares of CoreWeave in a research note on Friday, May 8th. Finally, Oppenheimer lifted their price objective on CoreWeave from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. Twenty equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, CoreWeave has a consensus rating of “Moderate Buy” and a consensus target price of $131.88.

CoreWeave Stock Performance

Shares of CRWV opened at $111.31 on Thursday. CoreWeave Inc. has a 1 year low of $61.33 and a 1 year high of $187.00. The stock has a market capitalization of $49.82 billion, a PE ratio of -35.79 and a beta of 7.84. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.46 and a current ratio of 0.31. The stock has a 50-day simple moving average of $96.08 and a 200-day simple moving average of $92.00.

CoreWeave (NASDAQ:CRWV) last released its earnings results on Thursday, February 26th. The company reported ($0.89) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.28). The firm had revenue of $1.57 billion for the quarter. CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.The business’s revenue for the quarter was up 110.4% compared to the same quarter last year. On average, analysts predict that CoreWeave Inc. will post -4.15 earnings per share for the current fiscal year.

Key Stories Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave continues to benefit from strong AI infrastructure demand, with recent coverage highlighting $2.1 billion in Q1 revenue and a $99.4 billion backlog. Article Title
• Positive Sentiment: Wall Street remains broadly constructive, with multiple firms raising price targets and maintaining bullish ratings on CRWV. Article Title
• Positive Sentiment: CoreWeave said it ranked No. 1 for inference speed and price-performance in an independent benchmark for Moonshot AI’s Kimi K2.6 model, reinforcing its competitiveness in AI cloud infrastructure. Article Title
• Neutral Sentiment: CoreWeave announced it will participate in the J.P. Morgan Global Technology, Media and Communications Conference on May 19, which is mainly an investor-relations event unless it delivers new business updates. Article Title
• Negative Sentiment: COO Sachin Jain sold 14,750 shares, a transaction that can weigh on sentiment even though the company said it was tied to tax withholding on vesting equity awards. Article Title
• Negative Sentiment: Additional coverage has highlighted concerns that CoreWeave’s AI growth story could be slowing, while heavy debt and ongoing losses remain key investor worries. Article Title

About CoreWeave

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.