Sanctuary Advisors LLC Acquires 6,337 Shares of CoreWeave Inc. $CRWV

Sanctuary Advisors LLC increased its position in CoreWeave Inc. (NASDAQ:CRWV) by 49.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,149 shares of the company’s stock after buying an additional 6,337 shares during the period. Sanctuary Advisors LLC’s holdings in CoreWeave were worth $1,483,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in CRWV. Pin Oak Investment Advisors Inc. bought a new position in shares of CoreWeave in the third quarter valued at approximately $34,000. Cornerstone Planning Group LLC increased its holdings in CoreWeave by 272.8% in the 4th quarter. Cornerstone Planning Group LLC now owns 343 shares of the company’s stock worth $25,000 after acquiring an additional 251 shares during the last quarter. Cullen Frost Bankers Inc. raised its position in shares of CoreWeave by 45.8% in the fourth quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock valued at $28,000 after purchasing an additional 121 shares during the period. Greenline Wealth Management LLC bought a new position in shares of CoreWeave in the fourth quarter worth $28,000. Finally, Peterson Wealth Services lifted its holdings in shares of CoreWeave by 153.1% in the first quarter. Peterson Wealth Services now owns 405 shares of the company’s stock worth $31,000 after buying an additional 245 shares in the last quarter.

CoreWeave Price Performance

Shares of CRWV opened at $81.10 on Friday. The company has a market capitalization of $36.30 billion, a P/E ratio of -26.08 and a beta of 7.17. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 3.68. The firm has a 50 day moving average of $97.75 and a 200 day moving average of $95.47. CoreWeave Inc. has a twelve month low of $63.80 and a twelve month high of $153.20.

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

Trending Headlines about CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Truist upgraded CoreWeave (CRWV) to Buy, helping drive the shares higher as investors responded to renewed confidence in the company’s AI cloud growth story. CoreWeave Jumps 6% on Truist Buy Upgrade, Pulling Ahead of Cloudflare, Snowflake, Oracle
• Positive Sentiment: Robert W. Baird upgraded CoreWeave (CRWV) to Strong-Buy, reinforcing the bullish view that the company remains a standout “pioneer” in AI infrastructure. CoreWeave was upgraded by Robert W. Baird to strong-buy
• Positive Sentiment: Analysts highlighted CoreWeave’s rapid growth profile, including expectations for strong Q2 revenue expansion and heavy power buildout to support AI demand, which supports the stock’s premium valuation. CoreWeave (CRWV) Is Chasing 108% Q2 Revenue Growth With A Big Power Ramp
• Neutral Sentiment: Barclays reportedly lowered its expectations for CoreWeave (CRWV), which may temper some of the enthusiasm around the stock despite the broader wave of positive ratings. Barclays Has Lowered Expectations for CoreWeave (NASDAQ:CRWV) Stock Price
• Negative Sentiment: News that CoreWeave’s CFO sold $5.5 million of company shares could raise investor concerns about insider confidence, even though it does not necessarily change the business outlook. CoreWeave’s CFO Sold Company Shares for $5.5 Million. What Does That Mean for Investors?

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CRWV shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $135.00 price objective on shares of CoreWeave in a research note on Friday, May 8th. Oppenheimer upped their price objective on shares of CoreWeave from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, April 29th. BNP Paribas Exane started coverage on CoreWeave in a research report on Tuesday, June 2nd. They set an “outperform” rating and a $192.00 price target on the stock. Sanford C. Bernstein initiated coverage on shares of CoreWeave in a research report on Wednesday. They issued an “outperform” rating on the stock. Finally, Wells Fargo & Company upped their target price on CoreWeave from $135.00 to $155.00 and gave the company an “overweight” rating in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $136.25.

Insider Buying and Selling

In other CoreWeave news, insider Brannin Mcbee sold 53,000 shares of the stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $86.13, for a total transaction of $4,564,890.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael N. Intrator sold 61,797 shares of CoreWeave stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $86.94, for a total transaction of $5,372,631.18. Following the completion of the sale, the chief executive officer owned 2,876,815 shares in the company, valued at approximately $250,110,296.10. This represents a 2.10% 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. Over the last 90 days, insiders sold 17,070,099 shares of company stock worth $1,982,943,238. 24.20% of the stock is owned by corporate insiders.

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.