Monetta Financial Services Inc. Purchases New Shares in CoreWeave Inc. $CRWV

Monetta Financial Services Inc. bought a new position in CoreWeave Inc. (NASDAQ:CRWV) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 8,500 shares of the company’s stock, valued at approximately $846,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CRWV. Sivia Capital Partners LLC bought a new position in CoreWeave in the 2nd quarter worth about $39,824,000. Quantbot Technologies LP bought a new position in shares of CoreWeave in the second quarter worth approximately $311,000. Invesco Ltd. purchased a new stake in shares of CoreWeave during the second quarter valued at approximately $882,000. First Trust Advisors LP bought a new stake in shares of CoreWeave during the second quarter valued at approximately $20,260,000. Finally, Baird Financial Group Inc. purchased a new position in CoreWeave in the 2nd quarter worth approximately $455,000.

CoreWeave News Summary

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave is being integrated into Rescale’s AI cloud platform, extending its reach into engineering, simulation, research and development, and other enterprise workloads. The partnership could broaden customer adoption and improve utilization of CoreWeave’s GPU infrastructure. CoreWeave Enters Next Generation Engineering AI Workloads
• Positive Sentiment: Truist said NVIDIA’s reported 17% GPU price increase may not materially damage CoreWeave’s margins. Strong AI demand, customer pricing power, and contract structures could allow CoreWeave to pass through higher equipment costs, supporting the firm’s bullish outlook. NVIDIA’s GPU Price Hikes Look Bad for CoreWeave
• Neutral Sentiment: CoreWeave’s latest results showed revenue growth of 112.5% year over year to $2.58 billion, while adjusted losses were narrower than analysts expected. However, the company remains unprofitable, with analysts forecasting a full-year loss, and carries a debt-to-equity ratio of 5.53. Analyst opinions are mixed, although the consensus rating remains “Moderate Buy.”
• Negative Sentiment: CEO Michael Intrator sold 307,692 shares worth approximately $27.3 million, while CFO Nitin Agrawal sold about $488,000. The transactions were made under pre-arranged Rule 10b5-1 plans, which limits their value as a signal of current management sentiment, but the combined sales add near-term supply and investor concern. CoreWeave Insider Selling
• Negative Sentiment: Investors continue to debate whether rising GPU costs, potential future price competition among “neocloud” providers, and CoreWeave’s substantial debt will limit profitability. Those risks are particularly important because the company is investing heavily to expand capacity despite negative earnings and weak liquidity ratios.

Insider Buying and Selling

In other news, major shareholder Magnetar Financial Llc sold 307,131 shares of the stock in a transaction on Friday, August 14th. The shares were sold at an average price of $108.75, for a total value of $33,400,496.25. Following the completion of the sale, the insider directly owned 220,810 shares of the company’s stock, valued at $24,013,087.50. This represents a 58.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael N. Intrator sold 278,560 shares of the firm’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $97.43, for a total transaction of $27,140,100.80. Following the sale, the chief executive officer owned 3,138,612 shares in the company, valued at $305,794,967.16. The trade was a 8.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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. Over the last quarter, insiders have sold 7,701,466 shares of company stock valued at $735,324,843. 24.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

CRWV has been the topic of several recent analyst reports. Cantor Fitzgerald set a $176.00 price objective on CoreWeave and gave the company an “overweight” rating in a research report on Wednesday, August 12th. DA Davidson reaffirmed a “neutral” rating and set a $100.00 price target (down from $175.00) on shares of CoreWeave in a report on Monday, May 18th. JPMorgan Chase & Co. boosted their price objective on shares of CoreWeave from $105.00 to $110.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Barclays raised their target price on shares of CoreWeave from $90.00 to $105.00 and gave the stock an “equal weight” rating in a report on Thursday, August 13th. Finally, BTIG Research assumed coverage on CoreWeave in a report on Wednesday, July 22nd. They set a “buy” rating on the stock. Twenty-one equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $141.90.

CoreWeave Trading Down 3.0%

Shares of CoreWeave stock opened at $84.23 on Friday. CoreWeave Inc. has a 1-year low of $60.55 and a 1-year high of $153.20. The company’s fifty day simple moving average is $87.16 and its 200-day simple moving average is $94.80. The company has a debt-to-equity ratio of 5.53, a current ratio of 0.46 and a quick ratio of 0.46. The stock has a market capitalization of $38.65 billion, a PE ratio of -23.08 and a beta of 7.44.

CoreWeave (NASDAQ:CRWV) last announced its earnings results on Tuesday, August 11th. The company reported ($1.14) EPS for the quarter, topping analysts’ consensus estimates of ($1.52) by $0.38. The company had revenue of $2.58 billion for the quarter. CoreWeave had a negative return on equity of 47.95% and a negative net margin of 25.41%.CoreWeave’s revenue for the quarter was up 112.5% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.27) earnings per share. As a group, equities analysts anticipate that CoreWeave Inc. will post -5.19 earnings per share for the current year.

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.