Hollencrest Capital Management Decreases Stake in CoreWeave Inc. $CRWV

Hollencrest Capital Management lessened its holdings in shares of CoreWeave Inc. (NASDAQ:CRWV) by 76.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,952 shares of the company’s stock after selling 6,331 shares during the period. Hollencrest Capital Management’s holdings in CoreWeave were worth $194,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in CoreWeave by 64.7% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,415,103 shares of the company’s stock valued at $140,859,000 after acquiring an additional 555,999 shares during the period. Investors Asset Management of Georgia Inc. GA ADV boosted its position in shares of CoreWeave by 3.3% during the 2nd quarter. Investors Asset Management of Georgia Inc. GA ADV now owns 5,545 shares of the company’s stock worth $552,000 after purchasing an additional 175 shares in the last quarter. Van ECK Associates Corp acquired a new position in shares of CoreWeave during the 2nd quarter worth $1,631,000. Monetta Financial Services Inc. acquired a new position in shares of CoreWeave during the 2nd quarter worth $846,000. Finally, Nissay Asset Management Corp Japan increased its holdings in shares of CoreWeave by 259.8% in the 2nd quarter. Nissay Asset Management Corp Japan now owns 109,284 shares of the company’s stock valued at $10,878,000 after purchasing an additional 78,907 shares in the last quarter.

CoreWeave Price Performance

CoreWeave stock opened at $84.23 on Friday. CoreWeave Inc. has a 52 week low of $60.55 and a 52 week high of $153.20. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 5.53. The firm’s 50-day simple moving average is $87.16 and its 200 day simple moving average is $94.80. The firm has a market capitalization of $38.65 billion, a PE ratio of -23.08 and a beta of 7.44.

CoreWeave (NASDAQ:CRWV) last issued its quarterly earnings data on Tuesday, August 11th. The company reported ($1.14) EPS for the quarter, beating analysts’ consensus estimates of ($1.52) by $0.38. CoreWeave had a negative net margin of 25.41% and a negative return on equity of 47.95%. The firm had revenue of $2.58 billion for the quarter. During the same period in the previous year, the company posted ($0.27) earnings per share. CoreWeave’s revenue was up 112.5% on a year-over-year basis. On average, equities research analysts predict that CoreWeave Inc. will post -5.19 EPS for the current fiscal year.

Insider Buying and Selling

In other 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 sale, the insider directly owned 123,313 shares in the company, valued at $10,855,243.39. This represents a 1.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brian M. Venturo sold 5,899 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $91.88, for a total transaction of $542,000.12. Following the transaction, the insider directly owned 241,371 shares of the company’s stock, valued at approximately $22,177,167.48. This trade represents a 2.39% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last ninety days, insiders have sold 7,701,466 shares of company stock valued at $735,324,843. 24.20% of the stock is owned by company insiders.

Key Headlines Impacting CoreWeave

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.

Analyst Upgrades and Downgrades

CRWV has been the topic of a number of research analyst reports. Jefferies Financial Group downgraded shares of CoreWeave from a “buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Robert W. Baird increased their target price on shares of CoreWeave from $100.00 to $130.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. BTIG Research initiated coverage on shares of CoreWeave in a research report on Wednesday, July 22nd. They set a “buy” rating for the company. Wolfe Research reissued an “outperform” rating on shares of CoreWeave in a research note on Monday, July 6th. Finally, Sanford C. Bernstein boosted their price target on CoreWeave from $67.00 to $74.00 and gave the stock an “underperform” rating in a research note on Wednesday, August 12th. Twenty-one research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, CoreWeave has a consensus rating of “Moderate Buy” and a consensus target price of $141.90.

About CoreWeave

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.