World Investment Advisors boosted its holdings in shares of CoreWeave Inc. (NASDAQ:CRWV – Free Report) by 238.1% during the fourth quarter, HoldingsChannel reports. The fund owned 8,026 shares of the company’s stock after purchasing an additional 5,652 shares during the quarter. World Investment Advisors’ holdings in CoreWeave were worth $575,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in the business. Hazlett Burt & Watson Inc. increased its position in CoreWeave by 34.7% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 462 shares of the company’s stock valued at $33,000 after acquiring an additional 119 shares during the period. Cullen Frost Bankers Inc. lifted its holdings in shares of CoreWeave by 45.8% during the fourth quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock worth $28,000 after purchasing an additional 121 shares during the period. Parkside Financial Bank & Trust grew its stake in shares of CoreWeave by 26.3% in the fourth quarter. Parkside Financial Bank & Trust now owns 600 shares of the company’s stock worth $43,000 after purchasing an additional 125 shares during the last quarter. Main Management ETF Advisors LLC grew its stake in shares of CoreWeave by 1.0% in the fourth quarter. Main Management ETF Advisors LLC now owns 17,226 shares of the company’s stock worth $1,234,000 after purchasing an additional 176 shares during the last quarter. Finally, Banco Santander S.A. grew its stake in shares of CoreWeave by 7.9% in the third quarter. Banco Santander S.A. now owns 2,455 shares of the company’s stock worth $336,000 after purchasing an additional 180 shares during the last quarter.
CoreWeave News Roundup
Here are the key news stories impacting CoreWeave this week:
- Positive Sentiment: CoreWeave announced a $335 million, five-year storage agreement with Backblaze, highlighting rising demand for AI-linked data infrastructure and adding another sign of customer growth. Backblaze Announces Five-Year Multi-Exabyte Data Storage Agreement with CoreWeave
- Positive Sentiment: Analysts and commentators continue to view CRWV as one of the leading AI infrastructure stocks, citing its rapid revenue growth, massive backlog, and close ties to NVIDIA and major AI customers. CoreWeave vs. Nebius: Which AI Infrastructure Stock Has More Upside?
- Positive Sentiment: Jim Cramer reiterated that he is bullish on CoreWeave, which can help reinforce investor confidence in the stock’s long-term AI growth story. Jim Cramer Shares Why He’s A Believer In CoreWeave (CRWV)
- Neutral Sentiment: CoreWeave was named the Official AI Cloud Partner of BattleBots, a branding and sponsorship deal that may help awareness but is unlikely to be a major near-term financial driver. CoreWeave Named Official AI Cloud Partner of BattleBots
- Neutral Sentiment: Some coverage notes that CRWV and Nebius were added to the Nasdaq-100, which can bring index-fund buying, but the stock has also seen volatility as traders react to the inclusion. Nebius and CoreWeave Join the Nasdaq-100, Triggering Index-Fund Buying in AI-Cloud Names
- Negative Sentiment: Despite strong revenue growth, CoreWeave’s stock has faced pressure from profitability and liquidity concerns, with commentary describing a “liquidity shock” and highlighting its concentrated customer base and heavy capital needs. CoreWeave’s Liquidity Shock Meets AI Scale
- Negative Sentiment: Reports that AI cloud stocks sold off after the Nasdaq-100 debut suggest some investors are taking profits after a recent run-up in CRWV shares. CoreWeave Sinks 5%, Nebius Dips as AI Cloud Stocks Sell the News on Their NASDAQ 100 Debut
Analysts Set New Price Targets
View Our Latest Analysis on CRWV
CoreWeave Trading Down 4.8%
CRWV opened at $106.00 on Wednesday. CoreWeave Inc. has a twelve month low of $63.80 and a twelve month high of $183.98. The company has a fifty day moving average of $111.42 and a 200-day moving average of $94.42. The stock has a market cap of $47.44 billion, a PE ratio of -34.08 and a beta of 7.14. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 3.68.
CoreWeave (NASDAQ:CRWV – Get Free Report) last released its earnings results on Thursday, May 7th. The company reported ($1.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.17) by ($0.23). The firm had revenue of $2.08 billion during the quarter. CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. The firm’s revenue for the quarter was up 111.6% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.60) EPS. On average, sell-side analysts predict that CoreWeave Inc. will post -4.57 EPS for the current year.
Insider Transactions at CoreWeave
In related news, major shareholder Magnetar Financial Llc sold 1,404,667 shares of the firm’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $118.30, for a total transaction of $166,172,106.10. Following the completion of the sale, the insider owned 282,570 shares of the company’s stock, valued at $33,428,031. This trade represents a 83.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jack D. Cogen sold 986,540 shares of the business’s 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 disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 27,822,618 shares of company stock valued at $3,156,634,374.
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.
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