AE Wealth Management LLC Acquires New Shares in CoreWeave Inc. $CRWV

AE Wealth Management LLC bought a new position in CoreWeave Inc. (NASDAQ:CRWVFree Report) in the third quarter, HoldingsChannel reports. The institutional investor bought 30,993 shares of the company’s stock, valued at approximately $4,241,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Renaissance Capital LLC lifted its holdings in shares of CoreWeave by 49.9% during the 3rd quarter. Renaissance Capital LLC now owns 47,162 shares of the company’s stock valued at $6,454,000 after buying an additional 15,697 shares during the period. Munro Partners increased its position in CoreWeave by 5,272.4% during the third quarter. Munro Partners now owns 616,485 shares of the company’s stock valued at $84,366,000 after acquiring an additional 605,010 shares during the last quarter. Apexium Financial LP bought a new position in CoreWeave in the second quarter valued at about $1,044,000. Chung Wu Investment Group LLC purchased a new position in CoreWeave in the second quarter worth about $755,000. Finally, HWG Holdings LP bought a new stake in shares of CoreWeave during the 3rd quarter valued at about $1,863,000.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

Insider Buying and Selling

In other news, CEO Michael N. Intrator sold 111,427 shares of the business’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $72.39, for a total value of $8,066,200.53. Following the transaction, the chief executive officer owned 5,922,620 shares of the company’s stock, valued at approximately $428,738,461.80. The trade was a 1.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Brannin Mcbee sold 102,835 shares of the company’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $78.61, for a total transaction of $8,083,859.35. Following the transaction, the insider owned 185,181 shares of the company’s stock, valued at approximately $14,557,078.41. This represents a 35.70% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 4,186,232 shares of company stock valued at $350,714,580.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CRWV shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of CoreWeave in a research note on Monday, December 29th. Deutsche Bank Aktiengesellschaft raised shares of CoreWeave from a “hold” rating to a “buy” rating and upped their target price for the company from $100.00 to $140.00 in a report on Tuesday. DA Davidson upgraded shares of CoreWeave from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $68.00 to $110.00 in a research note on Monday, January 26th. Mizuho upped their price objective on CoreWeave from $92.00 to $100.00 and gave the stock a “neutral” rating in a research note on Monday, January 26th. Finally, Barclays decreased their target price on CoreWeave from $120.00 to $90.00 and set an “equal weight” rating on the stock in a report on Monday, January 12th. Eighteen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $127.27.

Get Our Latest Stock Analysis on CoreWeave

CoreWeave Trading Down 6.4%

Shares of CoreWeave stock opened at $93.19 on Friday. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.49 and a current ratio of 0.49. The company has a fifty day moving average of $83.32 and a 200 day moving average of $103.69. The company has a market capitalization of $36.01 billion and a P/E ratio of -64.27. CoreWeave Inc. has a fifty-two week low of $33.51 and a fifty-two week high of $187.00.

CoreWeave (NASDAQ:CRWVGet Free Report) last announced its quarterly earnings data on Monday, November 10th. The company reported ($0.22) EPS for the quarter, beating the consensus estimate of ($0.36) by $0.14. The business had revenue of $1.36 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter in the previous year, the firm earned ($1.82) earnings per share. CoreWeave’s revenue was up 133.7% on a year-over-year basis.

CoreWeave Profile

(Free Report)

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.

Featured Stories

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Institutional Ownership by Quarter for CoreWeave (NASDAQ:CRWV)

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