Nissay Asset Management Corp Japan Boosts Stake in CoreWeave Inc. $CRWV

Nissay Asset Management Corp Japan raised its holdings in shares of CoreWeave Inc. (NASDAQ:CRWV) by 259.8% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 109,284 shares of the company’s stock after purchasing an additional 78,907 shares during the quarter. Nissay Asset Management Corp Japan’s holdings in CoreWeave were worth $10,878,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Proficio Capital Partners LLC raised its holdings in shares of CoreWeave by 446,194.0% in 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 period. Deutsche Bank AG boosted its holdings in CoreWeave by 22,624.0% during the 4th quarter. Deutsche Bank AG now owns 3,812,856 shares of the company’s stock valued at $273,039,000 after acquiring an additional 3,796,077 shares during the period. Altimeter Capital Management LP bought a new position in CoreWeave in the 4th quarter valued at $230,099,000. Alyeska Investment Group L.P. grew its position 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 acquiring an additional 3,000,000 shares during the last quarter. Finally, Invesco Ltd. grew its position in CoreWeave by 55,329.7% in the 3rd quarter. Invesco Ltd. now owns 2,999,300 shares of the company’s stock valued at $410,454,000 after acquiring an additional 2,993,889 shares during the last quarter.

CoreWeave Price Performance

Shares of CRWV stock opened at $84.23 on Friday. The company has a debt-to-equity ratio of 5.53, a quick ratio of 0.46 and a current ratio of 0.46. CoreWeave Inc. has a fifty-two week low of $60.55 and a fifty-two week high of $153.20. The firm has a market capitalization of $38.65 billion, a price-to-earnings ratio of -23.08 and a beta of 7.44. The stock’s 50-day simple moving average is $87.16 and its 200-day simple moving average is $94.80.

CoreWeave (NASDAQ:CRWV) last posted its quarterly earnings results on Tuesday, August 11th. The company reported ($1.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.52) by $0.38. The business 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 company’s quarterly revenue was up 112.5% on a year-over-year basis. During the same period in the prior year, the business posted ($0.27) EPS. As a group, equities analysts forecast that CoreWeave Inc. will post -5.19 earnings per share for the current fiscal year.

CoreWeave News Summary

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave is being integrated into Rescale’s AI cloud platform, extending its reach into engineering, simulation, research and development, and other enterprise workloads. The partnership could broaden customer adoption and improve utilization of CoreWeave’s GPU infrastructure. CoreWeave Enters Next Generation Engineering AI Workloads
• Positive Sentiment: Truist said NVIDIA’s reported 17% GPU price increase may not materially damage CoreWeave’s margins. Strong AI demand, customer pricing power, and contract structures could allow CoreWeave to pass through higher equipment costs, supporting the firm’s bullish outlook. NVIDIA’s GPU Price Hikes Look Bad for CoreWeave
• Neutral Sentiment: CoreWeave’s latest results showed revenue growth of 112.5% year over year to $2.58 billion, while adjusted losses were narrower than analysts expected. However, the company remains unprofitable, with analysts forecasting a full-year loss, and carries a debt-to-equity ratio of 5.53. Analyst opinions are mixed, although the consensus rating remains “Moderate Buy.”
• Negative Sentiment: CEO Michael Intrator sold 307,692 shares worth approximately $27.3 million, while CFO Nitin Agrawal sold about $488,000. The transactions were made under pre-arranged Rule 10b5-1 plans, which limits their value as a signal of current management sentiment, but the combined sales add near-term supply and investor concern. CoreWeave Insider Selling
• Negative Sentiment: Investors continue to debate whether rising GPU costs, potential future price competition among “neocloud” providers, and CoreWeave’s substantial debt will limit profitability. Those risks are particularly important because the company is investing heavily to expand capacity despite negative earnings and weak liquidity ratios.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. The Goldman Sachs Group lifted their target price on CoreWeave from $121.00 to $139.00 and gave the stock a “neutral” rating in a research report on Friday, August 21st. DA Davidson reaffirmed a “neutral” rating and issued a $100.00 price target (down from $175.00) on shares of CoreWeave in a research note on Monday, May 18th. Weiss Ratings upgraded shares of CoreWeave from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $150.00 price objective on shares of CoreWeave in a research report on Friday, August 7th. Finally, Wolfe Research restated an “outperform” rating on shares of CoreWeave in a research note on Monday, July 6th. Twenty-one research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, CoreWeave has a consensus rating of “Moderate Buy” and a consensus target price of $141.90.

Insider Buying and Selling

In other CoreWeave news, major shareholder Magnetar Financial Llc sold 307,131 shares of CoreWeave stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $108.75, for a total transaction of $33,400,496.25. Following the completion of the sale, the insider directly owned 220,810 shares in the company, valued at approximately $24,013,087.50. The trade was a 58.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Michael N. Intrator sold 278,560 shares of the company’s stock in a transaction on 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 sale, the chief executive officer directly owned 3,138,612 shares in the company, valued at approximately $305,794,967.16. The trade was a 8.15% 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 have sold a total of 7,701,466 shares of company stock valued at $735,324,843 over the last three months. 24.20% of the stock is currently owned by 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.