World Investment Advisors Has $575,000 Stock Holdings in CoreWeave Inc. $CRWV

World Investment Advisors boosted its holdings in shares of CoreWeave Inc. (NASDAQ:CRWVFree 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:

Analysts Set New Price Targets

CRWV has been the subject of several analyst reports. DA Davidson reaffirmed a “neutral” rating and set a $100.00 target price (down from $175.00) on shares of CoreWeave in a research report on Monday, May 18th. Mizuho upped their price target on CoreWeave from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Wolfe Research assumed coverage on CoreWeave in a research note on Thursday, April 16th. They issued an “outperform” rating and a $150.00 price target for the company. Jefferies Financial Group increased their price target on CoreWeave from $120.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Finally, Needham & Company LLC restated a “hold” rating on shares of CoreWeave in a research report on Friday, February 27th. Twenty equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $131.52.

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:CRWVGet 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

(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.

See Also

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Institutional Ownership by Quarter for CoreWeave (NASDAQ:CRWV)

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