Generate Investment Management Ltd Purchases New Shares in CoreWeave Inc. $CRWV

Generate Investment Management Ltd acquired a new position in shares of CoreWeave Inc. (NASDAQ:CRWV) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 370,000 shares of the company’s stock, valued at approximately $26,496,000. CoreWeave accounts for about 1.2% of Generate Investment Management Ltd’s holdings, making the stock its 24th biggest holding. Generate Investment Management Ltd owned 0.10% of CoreWeave as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Proficio Capital Partners LLC lifted its holdings in shares of CoreWeave by 446,194.0% in the 3rd quarter. Proficio Capital Partners LLC now owns 17,851,760 shares of the company’s stock worth $2,443,013,000 after acquiring an additional 17,847,760 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of CoreWeave by 109.7% during the 3rd quarter. Vanguard Group Inc. now owns 7,433,501 shares of the company’s stock worth $1,017,275,000 after purchasing an additional 3,888,164 shares during the period. Invesco Ltd. grew its holdings in CoreWeave by 55,329.7% during the 3rd quarter. Invesco Ltd. now owns 2,999,300 shares of the company’s stock valued at $410,454,000 after purchasing an additional 2,993,889 shares during the last quarter. Clear Street Group Inc. bought a new position in CoreWeave during the 3rd quarter valued at about $405,199,000. Finally, Lavaca Capital LLC purchased a new stake in CoreWeave in the 3rd quarter worth about $273,700,000.

CoreWeave Price Performance

Shares of CRWV stock opened at $74.81 on Friday. The company has a market capitalization of $31.35 billion and a P/E ratio of -23.38. The company’s 50-day simple moving average is $88.25 and its two-hundred day simple moving average is $97.30. CoreWeave Inc. has a one year low of $33.51 and a one year high of $187.00. The company has a debt-to-equity ratio of 4.46, a current ratio of 0.46 and a quick ratio of 0.46.

CoreWeave (NASDAQ:CRWV) last posted its quarterly earnings results on Thursday, February 26th. The company reported ($0.89) earnings per share for the quarter, missing the consensus estimate of ($0.61) by ($0.28). The company had revenue of $1.57 billion for the quarter. CoreWeave had a negative net margin of 22.75% and a negative return on equity of 33.82%. The firm’s quarterly revenue was up 110.4% on a year-over-year basis.

Insiders Place Their Bets

In other news, insider Brannin Mcbee sold 300,000 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $72.61, for a total transaction of $21,783,000.00. Following the transaction, the insider owned 248,664 shares of the company’s stock, valued at approximately $18,055,493.04. This represents a 54.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael N. Intrator sold 111,427 shares of the firm’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $72.39, for a total value of $8,066,200.53. Following the transaction, the chief executive officer owned 5,922,620 shares in the company, valued at approximately $428,738,461.80. This represents a 1.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 4,754,685 shares of company stock worth $404,419,462 in the last ninety days.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. DA Davidson raised their price objective on shares of CoreWeave from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Wells Fargo & Company cut their target price on CoreWeave from $150.00 to $125.00 and set an “overweight” rating on the stock in a research note on Thursday, January 8th. The Goldman Sachs Group began coverage on CoreWeave in a research note on Monday, January 12th. They set a “neutral” rating and a $86.00 price target for the company. Barclays dropped their price objective on CoreWeave from $120.00 to $90.00 and set an “equal weight” rating for the company in a report on Monday, January 12th. Finally, Sanford C. Bernstein began coverage on CoreWeave in a research report on Thursday, March 5th. They issued an “underperform” rating and a $56.00 price objective on the stock. Nineteen analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, CoreWeave has an average rating of “Moderate Buy” and an average price target of $121.06.

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.