CoreWeave Inc. $CRWV Shares Sold by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. lessened its stake in CoreWeave Inc. (NASDAQ:CRWV) by 12.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 64,439 shares of the company’s stock after selling 9,031 shares during the period. TD Waterhouse Canada Inc.’s holdings in CoreWeave were worth $5,716,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Alyeska Investment Group L.P. boosted its stake in CoreWeave by 55.7% during the second quarter. Alyeska Investment Group L.P. now owns 10,891,267 shares of the company’s stock worth $1,084,117,000 after buying an additional 3,897,741 shares in the last quarter. State Street Corp raised its stake in shares of CoreWeave by 139.7% in the 2nd quarter. State Street Corp now owns 7,058,846 shares of the company’s stock valued at $702,638,000 after buying an additional 4,113,873 shares in the last quarter. Bank of America Corp DE raised its stake in shares of CoreWeave by 13.1% in the 1st quarter. Bank of America Corp DE now owns 5,652,129 shares of the company’s stock valued at $437,870,000 after buying an additional 653,398 shares in the last quarter. Amundi raised its stake in shares of CoreWeave by 266.2% in the 1st quarter. Amundi now owns 3,284,121 shares of the company’s stock valued at $254,421,000 after buying an additional 2,387,337 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of CoreWeave by 32.7% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,626,870 shares of the company’s stock worth $126,034,000 after acquiring an additional 401,000 shares during the period.

Wall Street Analyst Weigh In

CRWV has been the subject of several recent research reports. Northland Securities set a $200.00 price target on shares of CoreWeave in a research report on Wednesday, October 7th. The Goldman Sachs Group upgraded shares of CoreWeave from a “neutral” rating to a “buy” rating and set a $106.00 price target for the company in a research note on Monday. Wells Fargo & Company lifted their price objective on CoreWeave from $155.00 to $160.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. BNP Paribas Exane reiterated an “outperform” rating and issued a $117.00 price objective on shares of CoreWeave in a research note on Monday. Finally, Raymond James Financial lowered CoreWeave from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Twenty-five research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, CoreWeave presently has an average rating of “Moderate Buy” and a consensus target price of $135.15.

CoreWeave Trading Down 0.4%

NASDAQ:CRWV opened at $61.12 on Tuesday. The stock’s fifty day moving average price is $86.47 and its two-hundred day moving average price is $94.48. CoreWeave Inc. has a 52-week low of $59.25 and a 52-week high of $141.79. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 5.53.

CoreWeave (NASDAQ:CRWV) last announced 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. The firm had revenue of $2.58 billion for the quarter. CoreWeave had a negative return on equity of 47.95% and a negative net margin of 25.41%. The firm’s quarterly revenue was up 112.5% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.27) earnings per share. On average, research analysts forecast that CoreWeave Inc. will post -5.19 EPS for the current year.

Insider Buying and Selling at CoreWeave

In other news, CEO Michael N. Intrator sold 200,000 shares of the company’s stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $66.62, for a total transaction of $13,324,000.00. Following the transaction, the chief executive officer owned 2,276,815 shares of the company’s stock, valued at $151,681,415.30. This represents a 8.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Magnetar Financial Llc sold 307,131 shares of the firm’s stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $108.75, for a total value of $33,400,496.25. Following the completion of the transaction, the insider owned 220,810 shares in the company, valued at approximately $24,013,087.50. This represents a 58.18% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 5,352,578 shares of company stock worth $471,777,344 in the last ninety days. 24.20% of the stock is currently owned by insiders.

CoreWeave News Summary

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Goldman Sachs upgraded CoreWeave from Neutral to Buy and set a $106 price target, citing strong contract economics and recovery potential after the recent selloff. CoreWeave Upgraded to Buy After Last Week’s Steep Decline
• Positive Sentiment: The bullish case points to CoreWeave’s roughly $104 billion backlog, its Nvidia relationship and the scarcity of permitted, powered data centers. Microsoft reportedly shelving an internal data-center project could further support demand for independent providers. CoreWeave Jumps as Goldman Sachs Upgrades
• Positive Sentiment: Recent results showed revenue of approximately $2.58 billion, up 112% year over year, while the quarterly loss was narrower than analysts expected. Some analysts argue the selloff has overcorrected and that the valuation now reflects substantial financing risk.
• Neutral Sentiment: CoreWeave’s operating growth remains strong, but investors are waiting for evidence that future cash flow can support debt service, capital spending and improving margins.
• Negative Sentiment: The company carries approximately $35 billion of debt, a debt-to-equity ratio above 5 and a current ratio of only 0.46. Bond yields reportedly reached about 15%, raising the cost of refinancing and increasing concern about liquidity. CoreWeave’s 15% Bond Yield
• Negative Sentiment: Higher interest rates could prolong losses because CoreWeave already reported substantial interest expense. Credit-market stress has led some commentators to call the company a warning sign for debt-financed AI infrastructure.
• Negative Sentiment: Insider and founder selling—reported at billions of dollars since the IPO—has added technical and confidence pressure. In addition, MoffettNathanson and BNP lowered their price targets, citing deteriorating investor sentiment. BNP Cuts CoreWeave Target

About CoreWeave

CoreWeave, Inc is a specialized cloud computing company that provides infrastructure designed for artificial intelligence (AI), machine learning, and other high-performance computing workloads. Its platform gives customers access to accelerated computing resources, including graphics processing units (GPUs), along with the networking, storage, and software tools needed to develop, train, and deploy demanding applications.

The company offers cloud services for AI model training and inference, visual effects and rendering, scientific computing, and other data-intensive workloads.