Public Employees Retirement System of Ohio Takes Position in CoreWeave Inc. $CRWV

Public Employees Retirement System of Ohio purchased a new stake in shares of CoreWeave Inc. (NASDAQ:CRWV) in the 2nd quarter, Holdings Channel reports. The fund purchased 156,145 shares of the company’s stock, valued at approximately $15,543,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sivia Capital Partners LLC purchased a new position in CoreWeave in the 2nd quarter worth approximately $39,824,000. Quantbot Technologies LP purchased a new stake in CoreWeave during the 2nd quarter valued at $311,000. Invesco Ltd. bought a new stake in shares of CoreWeave in the 2nd quarter worth $882,000. First Trust Advisors LP purchased a new position in shares of CoreWeave in the second quarter worth $20,260,000. Finally, Baird Financial Group Inc. purchased a new position in shares of CoreWeave in the second quarter worth $455,000.

CoreWeave Stock Performance

Shares of CRWV opened at $84.23 on Monday. The firm has a market capitalization of $38.65 billion, a P/E ratio of -23.08 and a beta of 7.45. The company has a debt-to-equity ratio of 5.53, a current ratio of 0.46 and a quick ratio of 0.46. CoreWeave Inc. has a one year low of $60.55 and a one year high of $153.20. The business has a fifty day moving average of $87.16 and a 200 day moving average of $94.78.

CoreWeave (NASDAQ:CRWV) last posted its earnings results on Tuesday, August 11th. The company reported ($1.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.52) by $0.38. The company had revenue of $2.58 billion for the quarter. CoreWeave had a negative return on equity of 47.95% and a negative net margin of 25.41%.The firm’s revenue was up 112.5% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.27) EPS. As a group, sell-side analysts anticipate that CoreWeave Inc. will post -5.19 EPS for the current year.

Insider Activity

In other CoreWeave news, insider Kristen J. Mcveety sold 2,100 shares of the stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $88.03, for a total value of $184,863.00. Following the transaction, the insider directly owned 123,313 shares in the company, valued at approximately $10,855,243.39. This trade represents a 1.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brannin Mcbee sold 500 shares of CoreWeave stock in a transaction on Monday, August 24th. The stock was sold at an average price of $85.51, for a total transaction of $42,755.00. Following the transaction, the insider owned 48,000 shares in the company, valued at $4,104,480. This represents a 1.03% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 7,697,668 shares of company stock worth $734,869,083. Company insiders own 24.20% of the company’s stock.

More CoreWeave News

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.

Wall Street Analyst Weigh In

Several research firms recently commented on CRWV. Jefferies Financial Group cut CoreWeave from a “buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Weiss Ratings raised CoreWeave from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $150.00 target price on shares of CoreWeave in a research note on Friday, August 7th. Cantor Fitzgerald set a $176.00 price target on shares of CoreWeave and gave the stock an “overweight” rating in a research note on Wednesday, August 12th. Finally, JPMorgan Chase & Co. lifted their price target on shares of CoreWeave from $105.00 to $110.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 11th. Twenty-one equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $141.90.

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.