Janney Montgomery Scott LLC Increases Position in CoreWeave Inc. $CRWV

Janney Montgomery Scott LLC lifted its position in CoreWeave Inc. (NASDAQ:CRWV) by 106.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 56,459 shares of the company’s stock after acquiring an additional 29,152 shares during the period. Janney Montgomery Scott LLC’s holdings in CoreWeave were worth $4,374,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Rosenblatt Securities reaffirmed a buy rating on CoreWeave, suggesting some analysts still see upside despite the selloff. Coreweave Sell-off Sparks Buying Opportunity, Analyst Says Meta Fears Are Overblown
• Positive Sentiment: Some investors and commentators argue the Meta-driven pullback may be overdone because CoreWeave still has a very large AI backlog and strong demand for compute capacity. CoreWeave (CRWV) Stock May Still Look Cheap Following Record AI Backlog
• Neutral Sentiment: CoreWeave launched ARIA, an AI research agent designed to speed model iteration and automate analysis; this is a constructive product update, but not an immediate stock-moving event. CoreWeave Unveils ARIA to Accelerate AI Research and Agent Development
• Neutral Sentiment: CoreWeave expanded its Livingston headquarters, signaling continued growth, though it has not offset the broader investor concerns. CoreWeave Expands HQ with Additional 31,000 SF in Livingston
• Negative Sentiment: Meta’s reported move into cloud infrastructure intensified fears that large hyperscalers could become direct competitors, threatening CoreWeave’s future pricing and customer growth. Stock Market Today, July 1: CoreWeave Stock Tumbles as Meta Cloud Report Raises Customer Concerns
• Negative Sentiment: Multiple insider sales, including CEO Michael Intrator and insider Brannin McBee, added to sentiment pressure and raised questions about valuation after the recent run-up, even though the trades were largely tied to tax withholding under 10b5-1 plans. CoreWeave Just Slipped Under $50 Billion. Is the Debt Finally Catching Up?

Insider Transactions at CoreWeave

In related news, CEO Michael N. Intrator sold 278,560 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 3,138,612 shares in the company, valued at $305,794,967.16. This represents a 8.15% decrease in their position. The transaction was disclosed in a document filed 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Brannin Mcbee sold 56,707 shares of the firm’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $95.69, for a total transaction of $5,426,292.83. Following the completion of the transaction, the insider directly owned 323,263 shares in the company, valued at $30,933,036.47. This represents a 14.92% 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. Insiders sold 25,812,227 shares of company stock valued at $3,028,961,468 over the last 90 days.

CoreWeave Stock Performance

Shares of NASDAQ:CRWV opened at $81.75 on Monday. The business’s 50 day moving average price is $107.48 and its 200-day moving average price is $94.87. CoreWeave Inc. has a 1 year low of $63.80 and a 1 year high of $166.22. The firm has a market capitalization of $36.59 billion, a price-to-earnings ratio of -26.29 and a beta of 7.17. The company has a debt-to-equity ratio of 3.68, a current ratio of 0.31 and a quick ratio of 0.31.

CoreWeave (NASDAQ:CRWV) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($1.40) EPS for the quarter, missing the consensus estimate of ($1.17) by ($0.23). The company had revenue of $2.08 billion during the quarter. CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.The business’s quarterly revenue was up 111.6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.60) earnings per share. On average, equities research analysts forecast that CoreWeave Inc. will post -4.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on CRWV. Citigroup lifted their price objective on shares of CoreWeave from $155.00 to $158.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. BNP Paribas Exane initiated coverage on shares of CoreWeave in a report on Tuesday, June 2nd. They set an “outperform” rating and a $192.00 target price for the company. Wolfe Research started coverage on shares of CoreWeave in a research report on Thursday, April 16th. They set an “outperform” rating and a $150.00 target price for the company. Bank of America raised shares of CoreWeave from a “neutral” rating to a “buy” rating and set a $100.00 price target on the stock in a report on Tuesday, March 24th. Finally, Wells Fargo & Company increased their price target on CoreWeave from $135.00 to $155.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Twenty-one analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $135.00.

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.