SEB Asset Management AB Takes Position in CoreWeave Inc. $CRWV

SEB Asset Management AB purchased a new stake in CoreWeave Inc. (NASDAQ:CRWV) in the first quarter, Holdings Channel reports. The institutional investor purchased 48,241 shares of the company’s stock, valued at approximately $3,737,000.

Several other hedge funds also recently modified their holdings of CRWV. Vanguard Group Inc. grew its position in CoreWeave by 275.6% during the 4th quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company’s stock worth $1,999,421,000 after acquiring an additional 20,487,478 shares during the last quarter. Proficio Capital Partners LLC raised its position in CoreWeave by 446,194.0% in the third quarter. Proficio Capital Partners LLC now owns 17,851,760 shares of the company’s stock valued at $2,443,013,000 after purchasing an additional 17,847,760 shares during the last quarter. Clear Street Group Inc. raised its position in CoreWeave by 57.2% in the fourth quarter. Clear Street Group Inc. now owns 4,653,815 shares of the company’s stock valued at $333,260,000 after purchasing an additional 1,692,916 shares during the last quarter. Alyeska Investment Group L.P. boosted its stake in shares of CoreWeave by 300.0% during the fourth quarter. Alyeska Investment Group L.P. now owns 4,000,000 shares of the company’s stock valued at $286,440,000 after purchasing an additional 3,000,000 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in shares of CoreWeave by 22,624.0% during the fourth quarter. Deutsche Bank AG now owns 3,812,856 shares of the company’s stock valued at $273,039,000 after purchasing an additional 3,796,077 shares in the last quarter.

CoreWeave Trading Up 3.8%

Shares of CRWV stock opened at $82.64 on Thursday. CoreWeave Inc. has a fifty-two week low of $63.80 and a fifty-two week high of $153.20. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a 50 day simple moving average of $98.41 and a two-hundred day simple moving average of $95.46. The company has a market cap of $36.99 billion, a P/E ratio of -26.57 and a beta of 7.17.

CoreWeave (NASDAQ:CRWV) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($1.40) earnings per share for the quarter, missing the consensus estimate of ($1.17) by ($0.23). CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. The company had revenue of $2.08 billion for the quarter. During the same quarter in the prior year, the company earned ($0.60) EPS. The company’s revenue for the quarter was up 111.6% on a year-over-year basis. Research analysts forecast that CoreWeave Inc. will post -4.57 earnings per share for the current year.

Trending Headlines about CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Truist upgraded CoreWeave to Buy, helping lift the stock as Wall Street continues to favor the company’s AI infrastructure growth story. CoreWeave upgraded to buy at Truist
• Positive Sentiment: Baird initiated coverage on CoreWeave with an Outperform rating, adding another vote of confidence in the company’s ability to benefit from AI demand and cloud expansion. CoreWeave, Nebius initiated with outperform ratings at Baird
• Positive Sentiment: Several pieces highlight the company’s strong revenue growth outlook and recent rebound, including commentary that CoreWeave is chasing 108% Q2 revenue growth with major power capacity expansion. CoreWeave (CRWV) Is Chasing 108% Q2 Revenue Growth With A Big Power Ramp
• Neutral Sentiment: The CFO sold about $5.5 million of company shares, which may raise some investor caution but is not necessarily a fundamental red flag on its own. CoreWeave’s CFO Sold Company Shares for $5.5 Million. What Does That Mean for Investors?
• Neutral Sentiment: Analyst target updates show mixed but still constructive sentiment: one report noted a $139.69 consensus price target, while Barclays cut its target to $90 and kept an equal-weight view. CoreWeave Inc. (NASDAQ:CRWV) Receives $139.69 Consensus PT from Brokerages
• Negative Sentiment: Broader concerns remain around CoreWeave’s heavy debt load, large capital spending needs, and pressure to quickly add power capacity, which could limit upside if execution slows. CoreWeave’s AI-Native Cloud Faces the Storm

Insider Activity at CoreWeave

In related news, Director Jack D. Cogen sold 986,540 shares of the business’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $107.80, for a total transaction of $106,349,012.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Magnetar Financial Llc sold 1,284,876 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $119.91, for a total value of $154,069,481.16. Following the completion of the transaction, the insider owned 264,061 shares in the company, valued at $31,663,554.51. The trade was a 82.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 17,072,869 shares of company stock valued at $1,983,274,420. 24.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

CRWV has been the topic of several research reports. Robert W. Baird started coverage on CoreWeave in a report on Tuesday. They set an “outperform” rating and a $100.00 price target on the stock. Barclays dropped their price objective on shares of CoreWeave from $120.00 to $90.00 and set an “equal weight” rating for the company in a report on Tuesday. DA Davidson reiterated 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. Raymond James Financial lowered shares of CoreWeave from an “outperform” rating to a “market perform” rating in a report on Wednesday. Finally, Wolfe Research restated an “outperform” rating on shares of CoreWeave in a research report on Monday, July 6th. Twenty-two analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $136.25.

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.