CTC Alternative Strategies Ltd. Invests $852,000 in CoreWeave Inc. $CRWV

CTC Alternative Strategies Ltd. acquired a new stake in CoreWeave Inc. (NASDAQ:CRWV) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 11,000 shares of the company’s stock, valued at approximately $852,000. CoreWeave makes up about 1.9% of CTC Alternative Strategies Ltd.’s holdings, making the stock its 14th biggest position.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in CoreWeave by 275.6% during the fourth quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company’s stock worth $1,999,421,000 after purchasing an additional 20,487,478 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of CoreWeave by 6,022.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 112,768 shares of the company’s stock worth $8,075,000 after purchasing an additional 110,926 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of CoreWeave by 8,455.6% in the fourth quarter. Legal & General Group Plc now owns 611,301 shares of the company’s stock valued at $43,775,000 after purchasing an additional 604,156 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of CoreWeave by 67.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 66,947 shares of the company’s stock valued at $4,794,000 after purchasing an additional 26,907 shares during the period. Finally, Broad Peak Investment Advisers Pte Ltd acquired a new position in shares of CoreWeave in the fourth quarter valued at approximately $15,539,000.

Wall Street Analysts Forecast Growth

CRWV has been the topic of several recent research reports. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 target price on shares of CoreWeave in a research note on Thursday, July 2nd. Mizuho decreased their price target on shares of CoreWeave from $110.00 to $100.00 and set a “neutral” rating for the company in a research report on Wednesday, July 15th. Robert W. Baird initiated coverage on shares of CoreWeave in a research note on Tuesday, July 21st. They issued an “outperform” rating and a $100.00 price target for the company. Wolfe Research restated an “outperform” rating on shares of CoreWeave in a research note on Monday, July 6th. Finally, JPMorgan Chase & Co. upped their price objective on CoreWeave from $90.00 to $105.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $136.25.

Key Stories Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Leidos defense partnership expands addressable market: CoreWeave is collaborating with Leidos (NYSE: LDOS) to provide secure, sovereign AI-cloud infrastructure for U.S. defense, national security and intelligence agencies. The agreement could create additional demand for CoreWeave’s GPU capacity and strengthen its position in government AI workloads. Leidos and CoreWeave collaboration
• Positive Sentiment: Revenue expectations remain favorable: Oppenheimer expects second-quarter revenue near the high end of CoreWeave’s $2.45 billion-$2.60 billion guidance range. The outlook supports the company’s rapid AI-cloud expansion story ahead of its next earnings report. CoreWeave revenue outlook
• Neutral Sentiment: Large customer commitments offer visibility but add concentration risk: Meta Platforms (NASDAQ: META) could spend more than $62 billion with CoreWeave and Nebius, including agreements worth up to $35.2 billion for CoreWeave. However, Meta may eventually develop competing cloud services, creating a longer-term competitive risk. Meta spending and competition
• Negative Sentiment: Insider selling is weighing on sentiment: CEO Michael Intrator sold a combined 307,692 shares for roughly $20.5 million, while Jeff Baker sold 6,455 shares to cover tax withholding. The CEO’s sales were made under a pre-arranged Rule 10b5-1 plan, reducing their value as a direct signal, but the size and timing of the transactions have increased selling pressure. CoreWeave insider filing
• Negative Sentiment: Debt and profitability risks remain significant: Reports point to heavy GPU-related borrowing, high capital expenditures and negative earnings. Elevated credit-default-swap pricing has raised concerns about refinancing and a possible debt spiral, particularly given CoreWeave’s debt-to-equity ratio of 3.68 and weak liquidity ratios. CoreWeave credit concerns

CoreWeave Stock Performance

Shares of CoreWeave stock opened at $71.77 on Friday. CoreWeave Inc. has a one year low of $60.55 and a one year high of $153.20. The company has a market cap of $32.12 billion, a PE ratio of -23.08 and a beta of 7.17. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.31 and a current ratio of 0.31. The business has a 50-day simple moving average of $93.58 and a 200-day simple moving average of $95.00.

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

Insiders Place Their Bets

In other CoreWeave news, Director Jack D. Cogen sold 986,540 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $107.80, for a total value of $106,349,012.00. The sale was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Magnetar Financial Llc sold 1,202,656 shares of the stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $136.73, for a total transaction of $164,439,154.88. Following the completion of the sale, the insider directly owned 245,545 shares in the company, valued at approximately $33,573,367.85. This represents a 83.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 15,586,735 shares of company stock worth $1,764,560,965 in the last 90 days. Corporate insiders own 24.20% of the company’s stock.

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.