Osmosis Investment Management UK Ltd Has $942,000 Position in CoreWeave Inc. $CRWV

Osmosis Investment Management UK Ltd lowered its position in CoreWeave Inc. (NASDAQ:CRWV) by 48.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 9,463 shares of the company’s stock after selling 8,920 shares during the period. Osmosis Investment Management UK Ltd’s holdings in CoreWeave were worth $942,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in 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 in the last quarter. Proficio Capital Partners LLC raised its holdings in shares of CoreWeave by 446,194.0% during 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 purchasing an additional 17,847,760 shares during the period. Bank of America Corp DE boosted its position in shares of CoreWeave by 13.1% during the 1st quarter. Bank of America Corp DE now owns 5,652,129 shares of the company’s stock worth $437,870,000 after purchasing an additional 653,398 shares in the last quarter. Clear Street Group Inc. grew its stake in shares of CoreWeave by 57.2% in the 4th quarter. Clear Street Group Inc. now owns 4,653,815 shares of the company’s stock valued at $333,260,000 after buying an additional 1,692,916 shares during the period. Finally, Alyeska Investment Group L.P. grew its stake in shares of CoreWeave by 300.0% in the 4th quarter. Alyeska Investment Group L.P. now owns 4,000,000 shares of the company’s stock valued at $286,440,000 after buying an additional 3,000,000 shares during the period.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Oppenheimer upped their price target on CoreWeave from $140.00 to $150.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 29th. The Goldman Sachs Group raised their price objective on CoreWeave from $121.00 to $139.00 and gave the company a “neutral” rating in a research note on Friday. Robert W. Baird boosted their price objective on CoreWeave from $100.00 to $130.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. Wells Fargo & Company upped their target price on CoreWeave from $155.00 to $160.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. Finally, Raymond James Financial downgraded shares of CoreWeave from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Twenty-one investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, CoreWeave presently has a consensus rating of “Moderate Buy” and a consensus price target of $141.90.

CoreWeave Trading Down 1.8%

Shares of CRWV stock opened at $86.25 on Tuesday. 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 company has a market capitalization of $39.58 billion, a price-to-earnings ratio of -23.63 and a beta of 7.45. CoreWeave Inc. has a 52-week low of $60.55 and a 52-week high of $153.20. The company has a 50-day simple moving average of $89.59 and a two-hundred day simple moving average of $94.76.

CoreWeave (NASDAQ:CRWV) last posted its earnings results on Tuesday, August 11th. The company reported ($1.14) EPS 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 firm had revenue of $2.58 billion for the quarter. During the same period in the prior year, the business earned ($0.27) EPS. CoreWeave’s quarterly revenue was up 112.5% compared to the same quarter last year. Research analysts anticipate that CoreWeave Inc. will post -5.17 EPS for the current fiscal year.

Insider Activity at CoreWeave

In related news, insider Kristen J. Mcveety sold 3,980 shares of CoreWeave stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $91.88, for a total transaction of $365,682.40. Following the sale, the insider directly owned 125,413 shares in the company, valued at approximately $11,522,946.44. This trade represents a 3.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Sachin Jain sold 6,339 shares of the business’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $91.88, for a total value of $582,427.32. Following the completion of the transaction, the chief operating officer directly owned 157,091 shares in the company, valued at approximately $14,433,521.08. This represents a 3.88% decrease in their position. 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. Insiders sold a total of 8,235,201 shares of company stock valued at $802,446,933 in the last ninety days. Insiders own 24.20% of the company’s stock.

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.