FirstWave Capital Management LLC Takes Position in CoreWeave Inc. $CRWV

FirstWave Capital Management LLC bought a new position in shares of CoreWeave Inc. (NASDAQ:CRWV) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 23,373 shares of the company’s stock, valued at approximately $2,327,000.

Several other institutional investors and hedge funds have also made changes to their positions in CRWV. Cullen Frost Bankers Inc. raised its holdings in shares of CoreWeave by 45.8% in the fourth quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock worth $28,000 after acquiring an additional 121 shares during the last quarter. Greenline Wealth Management LLC purchased a new position in CoreWeave in the 4th quarter valued at about $28,000. Essential Partners LLC acquired a new stake in shares of CoreWeave during the 2nd quarter worth about $30,000. Peterson Wealth Services raised its position in shares of CoreWeave by 153.1% in the first quarter. Peterson Wealth Services now owns 405 shares of the company’s stock valued at $31,000 after buying an additional 245 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC purchased a new position in shares of CoreWeave during the first quarter valued at approximately $31,000.

Wall Street Analysts Forecast Growth

CRWV has been the subject of several analyst reports. Jefferies Financial Group lowered CoreWeave from a “buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Wolfe Research reissued an “outperform” rating on shares of CoreWeave in a research report on Monday, July 6th. Weiss Ratings raised shares of CoreWeave from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, June 24th. Needham & Company LLC reissued a “hold” rating on shares of CoreWeave in a research note on Thursday, August 13th. Finally, Robert W. Baird increased their target price on CoreWeave from $100.00 to $130.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. Twenty-one investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $141.90.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave will participate in the Goldman Sachs Communacopia + Technology Conference on September 8, where CEO Michael Intrator is scheduled to speak. The event could provide investors with updates on demand, capacity expansion and financial guidance. CoreWeave to Participate in the Goldman Sachs Communacopia + Technology Conference
• Positive Sentiment: Rescale selected CoreWeave Cloud for demanding AI and simulation workloads, expanding CoreWeave’s reach among engineering and research customers. The partnership reinforces the company’s growth narrative, although one analysis argued the stock could be about 21% overvalued after the deal. CoreWeave Could Be 21% Overvalued After the Rescale Cloud Deal
• Positive Sentiment: Jim Cramer identified CoreWeave as his preferred neocloud company, providing favorable visibility for CRWV among retail investors despite competition from IREN and Nebius. Jim Cramer Backs CoreWeave
• Neutral Sentiment: Goldman Sachs said the AI spending cycle may still be in its early stages, supporting the long-term market opportunity for CoreWeave but cautioning that future winners may differ from the stocks that led the initial AI rally. Goldman Sachs Says the AI Trade Is Barely Started
• Negative Sentiment: CEO Michael Intrator sold 307,692 shares for approximately $25.1 million, and insider Kristen McVeety sold 156,000 shares for about $12.7 million. The trades were made under pre-arranged Rule 10b5-1 plans, but their size may weigh on sentiment. CoreWeave SEC Insider Sale Filing
• Negative Sentiment: Analysts continue to highlight CoreWeave’s heavy financing burden: quarterly interest expense reportedly approached four times operating income, while the company’s debt-to-equity ratio remains elevated. OpenAI CEO Sam Altman’s warning about potentially unsustainable neocloud expansion adds further risk to the growth outlook. CoreWeave’s Interest Bill Is Nearly 4x Operating Income

CoreWeave Stock Up 5.7%

CRWV opened at $89.36 on Friday. The stock has a market cap of $41.00 billion, a P/E ratio of -24.48 and a beta of 7.45. The company has a debt-to-equity ratio of 5.53, a current ratio of 0.46 and a quick ratio of 0.46. CoreWeave Inc. has a 12 month low of $60.55 and a 12 month high of $153.20. The stock’s 50 day moving average price is $85.33 and its 200 day moving average price is $94.40.

CoreWeave (NASDAQ:CRWV) last announced its earnings results on Tuesday, August 11th. The company reported ($1.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter. During the same quarter in the prior year, the company earned ($0.27) EPS. The business’s quarterly revenue was up 112.5% on a year-over-year basis. As a group, research analysts predict that CoreWeave Inc. will post -5.19 earnings per share for the current year.

Insider Transactions at CoreWeave

In other news, major shareholder Magnetar Financial Llc sold 307,131 shares of CoreWeave stock in a transaction that occurred 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 transaction, the insider owned 220,810 shares of the company’s stock, valued at $24,013,087.50. The trade was a 58.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Michael N. Intrator sold 278,560 shares of the firm’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $97.43, for a total value of $27,140,100.80. Following the sale, the chief executive officer directly owned 3,138,612 shares of the company’s stock, valued at approximately $305,794,967.16. This represents a 8.15% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 ninety days, insiders have sold 7,610,159 shares of company stock worth $705,653,344. 24.20% of the stock is owned by corporate insiders.

CoreWeave Company 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.