Wedbush Fund Advisers LLC Acquires New Position in CoreWeave Inc. $CRWV

Wedbush Fund Advisers LLC acquired a new stake in CoreWeave Inc. (NASDAQ:CRWV) in the second quarter, HoldingsChannel.com reports. The fund acquired 236,720 shares of the company’s stock, valued at approximately $23,563,000. CoreWeave comprises about 2.1% of Wedbush Fund Advisers LLC’s holdings, making the stock its 23rd largest position.

A number of other institutional investors have also bought and sold shares of CRWV. Vanguard Group Inc. grew its position in shares of CoreWeave by 275.6% in the fourth quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company’s stock valued at $1,999,421,000 after purchasing an additional 20,487,478 shares in the last quarter. Proficio Capital Partners LLC boosted its stake in CoreWeave by 446,194.0% during the third quarter. Proficio Capital Partners LLC now owns 17,851,760 shares of the company’s stock worth $2,443,013,000 after buying an additional 17,847,760 shares during the last quarter. Bank of America Corp DE boosted its stake in CoreWeave by 13.1% during the first quarter. Bank of America Corp DE now owns 5,652,129 shares of the company’s stock worth $437,870,000 after buying an additional 653,398 shares during the last quarter. Clear Street Group Inc. grew its holdings in CoreWeave by 57.2% in the 4th quarter. Clear Street Group Inc. now owns 4,653,815 shares of the company’s stock valued at $333,260,000 after buying an additional 1,692,916 shares in the last quarter. Finally, Alyeska Investment Group L.P. grew its holdings in CoreWeave by 300.0% in the 4th quarter. Alyeska Investment Group L.P. now owns 4,000,000 shares of the company’s stock valued at $286,440,000 after buying an additional 3,000,000 shares in the last quarter.

Analyst Ratings Changes

Several research analysts have recently commented on CRWV shares. BNP Paribas Exane assumed coverage on CoreWeave in a report on Tuesday, June 2nd. They set an “outperform” rating and a $192.00 price target on the stock. Raymond James Financial lowered shares of CoreWeave from a “moderate buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Rosenblatt Securities restated a “buy” rating and set a $250.00 price objective on shares of CoreWeave in a research report on Wednesday, August 12th. Mizuho raised their price objective on shares of CoreWeave from $100.00 to $115.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 12th. Finally, UBS Group reaffirmed an “underperform” rating on shares of CoreWeave in a research note on Wednesday, August 12th. Twenty-one investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $141.90.

Insider Transactions at CoreWeave

In other news, Director Jack D. Cogen sold 642,307 shares of CoreWeave stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $106.32, for a total value of $68,290,080.24. Following the completion of the sale, the director directly owned 9,040,829 shares of the company’s stock, valued at approximately $961,220,939.28. The trade was a 6.63% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Michael N. Intrator sold 278,560 shares of the business’s stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $97.43, for a total value of $27,140,100.80. Following the completion of the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. 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 a total of 8,050,523 shares of company stock worth $783,406,748 over the last ninety days. Company insiders own 24.20% of the company’s stock.

CoreWeave Stock Performance

Shares of CRWV stock opened at $88.04 on Wednesday. The company has a debt-to-equity ratio of 5.53, a quick ratio of 0.46 and a current ratio of 0.46. The firm has a market cap of $40.40 billion, a P/E ratio of -24.12 and a beta of 7.44. The firm’s 50 day moving average price is $89.01 and its 200-day moving average price is $94.80. CoreWeave Inc. has a one year low of $60.55 and a one year high of $153.20.

CoreWeave (NASDAQ:CRWV) last posted its earnings results on Tuesday, August 11th. The company reported ($1.14) earnings per share for the quarter, beating the consensus estimate of ($1.52) by $0.38. The firm had revenue of $2.58 billion during the quarter. CoreWeave had a negative net margin of 25.41% and a negative return on equity of 47.95%. The firm’s revenue for the quarter was up 112.5% on a year-over-year basis. During the same quarter last year, the business posted ($0.27) EPS. As a group, equities research analysts predict that CoreWeave Inc. will post -5.17 EPS for the current year.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Expanded Rescale partnership: Rescale will expand its cloud ecosystem to CoreWeave Cloud, giving customers in aerospace, automotive, energy, life sciences and manufacturing access to CoreWeave’s GPU capacity for AI and simulation workloads. The agreement could broaden CoreWeave’s customer base and improve utilization of its data-center infrastructure. Rescale Expands Cloud Ecosystem with CoreWeave for Engineering and AI Workloads
• Positive Sentiment: Additional enterprise demand: CoreWeave reportedly secured a multiyear AI-cloud infrastructure agreement with quantitative trading firm Hudson River Trading. The deal expands the company’s presence in financial-services workloads and supports the broader investment case that demand for GPU compute remains strong. CoreWeave Lands AI Cloud Deal As Data Center Rules Tighten
• Positive Sentiment: Optimistic analyst view: Truist said CoreWeave shares could nearly double, even as chip costs rise, reinforcing bullish sentiment following the company’s strong revenue growth and upbeat AI-demand outlook. CoreWeave shares are set to nearly double even as chip costs rise, Truist says
• Neutral Sentiment: A reported change in short interest shows zero shares both before and after the measurement period, producing an invalid “NaN” change. The data appears unreliable and offers no meaningful signal about investor positioning.
• Negative Sentiment: Leverage remains a major overhang: CoreWeave’s roughly $35 billion debt load and high interest expense could absorb much of its operating income. Analysts also warn that Nvidia-backed financing platforms could make GPU access cheaper and more competitive, weakening CoreWeave’s economics. CoreWeave’s AI Data Center Capacity Is Exploding
• Negative Sentiment: Rising global bond yields have pressured technology stocks, while tighter state-level rules on data-center energy use and transparency could increase CoreWeave’s expansion costs and slow new capacity deployments.

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.