Independent Advisor Alliance Trims Stake in CoreWeave Inc. $CRWV

Independent Advisor Alliance lowered its position in CoreWeave Inc. (NASDAQ:CRWV) by 64.5% during the 4th quarter, HoldingsChannel reports. The fund owned 4,979 shares of the company’s stock after selling 9,051 shares during the period. Independent Advisor Alliance’s holdings in CoreWeave were worth $357,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CRWV. Vanguard Group Inc. raised its stake in shares of 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 period. Proficio Capital Partners LLC raised its stake in shares of CoreWeave by 446,194.0% in the third quarter. Proficio Capital Partners LLC now owns 17,851,760 shares of the company’s stock valued at $2,443,013,000 after acquiring an additional 17,847,760 shares during the period. Invesco Ltd. raised its stake in shares of CoreWeave by 55,329.7% in the third quarter. Invesco Ltd. now owns 2,999,300 shares of the company’s stock valued at $410,454,000 after acquiring an additional 2,993,889 shares during the period. Clear Street Group Inc. purchased a new stake in shares of CoreWeave in the third quarter valued at $405,199,000. Finally, Lavaca Capital LLC purchased a new stake in shares of CoreWeave in the third quarter valued at $273,700,000.

CoreWeave Trading Down 3.3%

NASDAQ CRWV opened at $103.77 on Tuesday. The company’s 50-day moving average price is $98.02 and its 200-day moving average price is $91.45. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 3.68. The stock has a market cap of $46.44 billion, a PE ratio of -33.37 and a beta of 7.84. CoreWeave Inc. has a 12 month low of $63.80 and a 12 month high of $187.00.

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

Insider Activity

In other CoreWeave news, insider Brian M. Venturo sold 1,125,000 shares of the stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $80.86, for a total transaction of $90,967,500.00. Following the transaction, the insider directly owned 285,327 shares in the company, valued at $23,071,541.22. This represents a 79.77% decrease in their position. The sale was disclosed in a legal 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. Also, major shareholder Magnetar Financial Llc sold 1,404,667 shares of the stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $118.30, for a total transaction of $166,172,106.10. Following the transaction, the insider owned 282,570 shares in the company, valued at approximately $33,428,031. The trade was a 83.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 24,708,631 shares of company stock worth $2,771,929,486.

Key CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave closed a $3.1 billion delayed draw term loan facility, giving it more capital to expand its AI cloud platform and fund committed customer deployments. The company said the deal is the first publicly syndicated HPC infrastructure-backed financing vehicle, which could broaden access to future GPU-backed financing. Article Title
• Positive Sentiment: Some market commentary continues to frame CoreWeave as a key beneficiary of AI infrastructure spending, with outside investor interest and comparisons to other high-profile AI names helping keep the stock on investors’ radar. Article Title
• Neutral Sentiment: Reports that investor Leopold Aschenbrenner updated his portfolio, along with coverage of Nvidia-linked enthusiasm around CoreWeave, may support sentiment but do not change the company’s fundamentals directly. Article Title
• Negative Sentiment: DA Davidson downgraded CoreWeave and cut its price target to $100 from $175, signaling a much less optimistic view of the stock’s upside. Article Title
• Negative Sentiment: The same analyst also initiated CoreWeave and Nebius with Neutral ratings, reinforcing concerns that competition in AI cloud infrastructure is intensifying and that CoreWeave may face more pressure from emerging rivals. Article Title

Analyst Ratings Changes

CRWV has been the topic of several recent analyst reports. Barclays increased their target price on shares of CoreWeave from $106.00 to $120.00 and gave the company an “equal weight” rating in a research note on Monday, May 11th. Wolfe Research initiated coverage on shares of CoreWeave in a report on Thursday, April 16th. They issued an “outperform” rating and a $150.00 price target on the stock. Oppenheimer upped their price target on shares of CoreWeave from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Mizuho upped their price target on shares of CoreWeave from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Finally, JPMorgan Chase & Co. upped their price target on shares of CoreWeave from $90.00 to $105.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Nineteen investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, CoreWeave currently has an average rating of “Moderate Buy” and an average target price of $129.63.

CoreWeave 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.