Sanctuary Advisors LLC Buys 6,337 Shares of CoreWeave Inc. $CRWV

Sanctuary Advisors LLC lifted its stake in shares of CoreWeave Inc. (NASDAQ:CRWV) by 49.5% during the first quarter, HoldingsChannel.com reports. The fund owned 19,149 shares of the company’s stock after buying an additional 6,337 shares during the quarter. Sanctuary Advisors LLC’s holdings in CoreWeave were worth $1,483,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of CRWV. Vanguard Group Inc. grew its position in shares of 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. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in CoreWeave by 6,022.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 112,768 shares of the company’s stock worth $8,075,000 after purchasing an additional 110,926 shares during the period. Legal & General Group Plc boosted its position in CoreWeave by 8,455.6% during the fourth quarter. Legal & General Group Plc now owns 611,301 shares of the company’s stock worth $43,775,000 after purchasing an additional 604,156 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in CoreWeave by 67.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 66,947 shares of the company’s stock worth $4,794,000 after purchasing an additional 26,907 shares in the last quarter. Finally, Broad Peak Investment Advisers Pte Ltd acquired a new stake in CoreWeave in the fourth quarter valued at approximately $15,539,000.

CoreWeave Stock Performance

NASDAQ:CRWV opened at $81.10 on Friday. The company has a debt-to-equity ratio of 3.68, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a market capitalization of $36.30 billion, a price-to-earnings ratio of -26.08 and a beta of 7.17. The company’s 50-day moving average is $97.75 and its two-hundred day moving average is $95.47. CoreWeave Inc. has a 1-year low of $63.80 and a 1-year high of $153.20.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CRWV shares. Robert W. Baird assumed coverage on shares of CoreWeave in a report on Tuesday. They issued an “outperform” rating and a $100.00 price target for the company. Citigroup cut shares of CoreWeave from a “buy” rating to a “hold” rating in a research note on Wednesday. Weiss Ratings raised shares of CoreWeave from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, June 24th. Truist Financial upgraded CoreWeave from a “hold” rating to a “buy” rating and cut their price objective for the stock from $131.00 to $126.00 in a research note on Tuesday. Finally, Wells Fargo & Company raised their target price on CoreWeave from $135.00 to $155.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $136.25.

Key Headlines Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Truist upgraded CoreWeave (CRWV) to Buy, helping drive the shares higher as investors responded to renewed confidence in the company’s AI cloud growth story. CoreWeave Jumps 6% on Truist Buy Upgrade, Pulling Ahead of Cloudflare, Snowflake, Oracle
• Positive Sentiment: Robert W. Baird upgraded CoreWeave (CRWV) to Strong-Buy, reinforcing the bullish view that the company remains a standout “pioneer” in AI infrastructure. CoreWeave was upgraded by Robert W. Baird to strong-buy
• Positive Sentiment: Analysts highlighted CoreWeave’s rapid growth profile, including expectations for strong Q2 revenue expansion and heavy power buildout to support AI demand, which supports the stock’s premium valuation. CoreWeave (CRWV) Is Chasing 108% Q2 Revenue Growth With A Big Power Ramp
• Neutral Sentiment: Barclays reportedly lowered its expectations for CoreWeave (CRWV), which may temper some of the enthusiasm around the stock despite the broader wave of positive ratings. Barclays Has Lowered Expectations for CoreWeave (NASDAQ:CRWV) Stock Price
• Negative Sentiment: News that CoreWeave’s CFO sold $5.5 million of company shares could raise investor concerns about insider confidence, even though it does not necessarily change the business outlook. CoreWeave’s CFO Sold Company Shares for $5.5 Million. What Does That Mean for Investors?

Insider Buying and Selling

In other CoreWeave news, major shareholder Magnetar Financial Llc sold 1,284,876 shares of the firm’s stock in a transaction on Friday, May 1st. The stock was sold at an average price of $119.91, for a total transaction of $154,069,481.16. Following the completion of the sale, the insider owned 264,061 shares of the company’s stock, valued at $31,663,554.51. This trade represents a 82.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 value of $106,349,012.00. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 17,070,099 shares of company stock worth $1,982,943,238. Company insiders own 24.20% of the company’s stock.

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.