QRG Capital Management Inc. Makes New $1.56 Million Investment in CoreWeave Inc. $CRWV

QRG Capital Management Inc. purchased a new position in shares of CoreWeave Inc. (NASDAQ:CRWV) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 20,118 shares of the company’s stock, valued at approximately $1,559,000.

A number of other institutional investors have also modified their holdings of CRWV. Vanguard Group Inc. boosted its holdings in CoreWeave by 275.6% during the 4th quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company’s stock valued at $1,999,421,000 after acquiring an additional 20,487,478 shares during the period. Proficio Capital Partners LLC increased its stake in CoreWeave by 446,194.0% during the third quarter. Proficio Capital Partners LLC now owns 17,851,760 shares of the company’s stock worth $2,443,013,000 after purchasing an additional 17,847,760 shares during the period. Clear Street Group Inc. lifted its position in shares of CoreWeave by 57.2% during the fourth quarter. Clear Street Group Inc. now owns 4,653,815 shares of the company’s stock worth $333,260,000 after purchasing an additional 1,692,916 shares in the last quarter. Alyeska Investment Group L.P. boosted its stake in shares of CoreWeave by 300.0% in 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 during the period. Finally, Deutsche Bank AG boosted its stake in shares of CoreWeave by 22,624.0% in 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 during the period.

Key Stories Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Negative Sentiment: News that Meta is building a cloud business to sell spare AI computing power has raised fears of increased competition for CoreWeave’s AI infrastructure services, weighing on the stock. CoreWeave stock sinks as Meta enters cloud business
• Negative Sentiment: Several articles framed Meta’s “Meta Compute” initiative as a meaningful threat to CoreWeave, reinforcing worries that hyperscaler competition could pressure growth and pricing. CoreWeave stock sinks as mag 7 move rattles investors
• Negative Sentiment: Analyst commentary also highlighted a fresh valuation test and increased hyperscaler competition, which can make investors more cautious about CoreWeave’s near-term multiple. CoreWeave (CRWV) Faces A Fresh Valuation Test As ARIA Launch Meets A Sharper Pullback
• Neutral Sentiment: On the positive side, some analysts and bullish articles argue the selloff may be overdone, pointing to strong data-center demand, CoreWeave’s expanding capacity, and upside to the stock if execution remains solid. CoreWeave: Why The Selloff Is Wrong (Rating Upgrade)
• Neutral Sentiment: CoreWeave also continues to emphasize product and platform development, including its AI-enabled research agent ARIA, which supports the long-term AI narrative but is not the main driver of today’s trading. CoreWeave (CRWV) Launches AI-Enabled Research Agent, ARIA

Insider Activity at CoreWeave

In related news, CEO Michael N. Intrator sold 278,560 shares of the stock in a transaction on Tuesday, June 30th. The shares were sold at an average price of $97.43, for a total transaction of $27,140,100.80. Following the completion of the sale, the chief executive officer owned 3,138,612 shares in the company, valued at $305,794,967.16. This represents a 8.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Brian M. Venturo sold 76,912 shares of the stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $86.99, for a total transaction of $6,690,574.88. Following the sale, the insider owned 283,985 shares of the company’s stock, valued at $24,703,855.15. This trade represents a 21.31% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 25,674,357 shares of company stock worth $3,016,622,554 in the last 90 days.

CoreWeave Stock Down 3.4%

CRWV stock opened at $83.53 on Wednesday. CoreWeave Inc. has a twelve month low of $63.80 and a twelve month high of $160.42. The stock has a market cap of $37.39 billion, a P/E ratio of -26.86 and a beta of 7.17. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 3.68. The company’s 50 day moving average is $106.32 and its two-hundred day moving average is $95.12.

CoreWeave (NASDAQ:CRWV) last released its quarterly earnings data 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). 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 during the quarter. During the same period in the previous year, the company earned ($0.60) EPS. CoreWeave’s quarterly revenue was up 111.6% compared to the same quarter last year. Research analysts expect that CoreWeave Inc. will post -4.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on CRWV. Bank of America raised shares of CoreWeave from a “neutral” rating to a “buy” rating and set a $100.00 price target for the company in a research report on Tuesday, March 24th. Weiss Ratings raised CoreWeave from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, June 24th. Jefferies Financial Group upped their price target on CoreWeave from $120.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $250.00 price target on shares of CoreWeave in a research report on Thursday, July 2nd. Finally, Mizuho lifted their price objective on CoreWeave from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Twenty-one analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $135.00.

CoreWeave 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.