Hsbc Holdings PLC Acquires 419,513 Shares of CoreWeave Inc. $CRWV

Hsbc Holdings PLC lifted its holdings in CoreWeave Inc. (NASDAQ:CRWV) by 6,497.0% during the 4th quarter, HoldingsChannel reports. The fund owned 425,970 shares of the company’s stock after acquiring an additional 419,513 shares during the quarter. Hsbc Holdings PLC’s holdings in CoreWeave were worth $30,574,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of CoreWeave by 275.6% in the fourth 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. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of CoreWeave by 6,022.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 112,768 shares of the company’s stock valued at $8,075,000 after purchasing an additional 110,926 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of CoreWeave by 8,455.6% during the 4th quarter. Legal & General Group Plc now owns 611,301 shares of the company’s stock valued at $43,775,000 after purchasing an additional 604,156 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of CoreWeave by 67.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 66,947 shares of the company’s stock valued at $4,794,000 after purchasing an additional 26,907 shares during the last quarter. Finally, Hidden Lake Asset Management LP acquired a new position in CoreWeave during the 3rd quarter worth approximately $14,814,000.

Trending Headlines about CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave announced a new co-location agreement with Conapto to expand AI cloud capacity in Stockholm, adding two campuses and highlighting renewable-energy-powered infrastructure in Europe. This supports the company’s international growth and capacity buildout. CoreWeave Partners With Conapto to Expand AI Cloud Capacity in Sweden Powered by Renewable Energy
• Positive Sentiment: Backblaze announced a five-year multi-exabyte storage agreement with CoreWeave, underscoring strong demand for CoreWeave’s AI cloud services and helping validate its large-scale infrastructure strategy. Backblaze Announces Five-Year Multi-Exabyte Data Storage Agreement with CoreWeave
• Positive Sentiment: CoreWeave was also highlighted by Jim Cramer as a stock he believes in, adding a sentiment boost from a well-known market commentator. Jim Cramer Shares Why He’s A Believer In CoreWeave (CRWV)
• Neutral Sentiment: Several articles compared CoreWeave with Nebius and discussed AI infrastructure upside, but these were mostly commentary pieces rather than new company-specific catalysts. CoreWeave vs. Nebius: Which AI Infrastructure Stock Has More Upside?
• Neutral Sentiment: CoreWeave was named the official AI cloud partner of BattleBots, a branding and sponsorship announcement that adds visibility but is less likely to materially move the stock. CoreWeave Named Official AI Cloud Partner of BattleBots
• Negative Sentiment: A Seeking Alpha piece argued that CoreWeave is a good way to short an “overpriced AI” name, which may be adding pressure to sentiment around the shares. CoreWeave: A Great Way To Short Overpriced AI
• Negative Sentiment: Earlier reporting said CoreWeave stock was falling Tuesday, suggesting traders remain cautious despite the company’s recent AI expansion headlines. CoreWeave stock is falling Tuesday: What’s driving the action?

CoreWeave Stock Down 4.6%

Shares of NASDAQ CRWV opened at $100.87 on Thursday. The company has a 50 day simple moving average of $111.23 and a 200 day simple moving average of $94.53. The company has a debt-to-equity ratio of 3.68, a current ratio of 0.31 and a quick ratio of 0.31. CoreWeave Inc. has a 1 year low of $63.80 and a 1 year high of $180.25. The firm has a market cap of $45.15 billion, a PE ratio of -32.43 and a beta of 7.14.

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

Analysts Set New Price Targets

CRWV has been the subject of several research reports. Bank of America raised shares of CoreWeave from a “neutral” rating to a “buy” rating and set a $100.00 price objective for the company in a research note on Tuesday, March 24th. Needham & Company LLC reaffirmed a “hold” rating on shares of CoreWeave in a research note on Friday, February 27th. BNP Paribas Exane initiated coverage on shares of CoreWeave in a report on Tuesday, June 2nd. They set an “outperform” rating and a $192.00 price target for the company. Citizens Jmp reiterated a “market outperform” rating and issued a $180.00 price target on shares of CoreWeave in a research note on Friday, February 27th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $135.00 price objective on shares of CoreWeave in a report on Friday, May 8th. Twenty investment 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. According to data from MarketBeat, CoreWeave currently has an average rating of “Moderate Buy” and an average price target of $131.52.

Insider Activity

In other news, Director Jack D. Cogen sold 986,540 shares of CoreWeave stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $107.80, for a total transaction of $106,349,012.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Magnetar Financial Llc sold 1,404,667 shares of the business’s stock in a transaction 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 directly owned 282,570 shares in the company, valued at approximately $33,428,031. This represents a 83.25% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 28,072,618 shares of company stock valued at $3,184,454,369.

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.