California State Teachers Retirement System Acquires 64,960 Shares of CoreWeave Inc. $CRWV

California State Teachers Retirement System grew its stake in CoreWeave Inc. (NASDAQ:CRWV) by 25.5% during the first quarter, HoldingsChannel.com reports. The firm owned 320,011 shares of the company’s stock after buying an additional 64,960 shares during the period. California State Teachers Retirement System’s holdings in CoreWeave were worth $24,791,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in CoreWeave by 275.6% in the fourth quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company’s stock valued at $1,999,421,000 after purchasing an additional 20,487,478 shares during the last quarter. Proficio Capital Partners LLC boosted its holdings 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 buying an additional 17,847,760 shares during the last quarter. Deutsche Bank AG boosted its holdings in CoreWeave by 22,624.0% during the fourth quarter. Deutsche Bank AG now owns 3,812,856 shares of the company’s stock worth $273,039,000 after buying an additional 3,796,077 shares during the last quarter. Altimeter Capital Management LP acquired a new position in shares of CoreWeave during the 4th quarter worth about $230,099,000. Finally, Alyeska Investment Group L.P. grew its position in shares of CoreWeave by 300.0% during the 4th quarter. Alyeska Investment Group L.P. now owns 4,000,000 shares of the company’s stock worth $286,440,000 after buying an additional 3,000,000 shares during the period.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on CRWV shares. Truist Financial upgraded shares of CoreWeave from a “hold” rating to a “buy” rating and cut their price target for the company from $131.00 to $126.00 in a research report on Tuesday, July 21st. Wells Fargo & Company boosted their price objective on shares of CoreWeave from $135.00 to $155.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Jefferies Financial Group downgraded shares of CoreWeave from a “buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. BTIG Research assumed coverage on shares of CoreWeave in a report on Wednesday, July 22nd. They issued a “buy” rating on the stock. Finally, Oppenheimer lifted their price target on shares of CoreWeave from $140.00 to $150.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $136.25.

Trending Headlines about CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Leidos defense partnership expands addressable market: CoreWeave is collaborating with Leidos (NYSE: LDOS) to provide secure, sovereign AI-cloud infrastructure for U.S. defense, national security and intelligence agencies. The agreement could create additional demand for CoreWeave’s GPU capacity and strengthen its position in government AI workloads. Leidos and CoreWeave collaboration
• Positive Sentiment: Revenue expectations remain favorable: Oppenheimer expects second-quarter revenue near the high end of CoreWeave’s $2.45 billion-$2.60 billion guidance range. The outlook supports the company’s rapid AI-cloud expansion story ahead of its next earnings report. CoreWeave revenue outlook
• Neutral Sentiment: Large customer commitments offer visibility but add concentration risk: Meta Platforms (NASDAQ: META) could spend more than $62 billion with CoreWeave and Nebius, including agreements worth up to $35.2 billion for CoreWeave. However, Meta may eventually develop competing cloud services, creating a longer-term competitive risk. Meta spending and competition
• Negative Sentiment: Insider selling is weighing on sentiment: CEO Michael Intrator sold a combined 307,692 shares for roughly $20.5 million, while Jeff Baker sold 6,455 shares to cover tax withholding. The CEO’s sales were made under a pre-arranged Rule 10b5-1 plan, reducing their value as a direct signal, but the size and timing of the transactions have increased selling pressure. CoreWeave insider filing
• Negative Sentiment: Debt and profitability risks remain significant: Reports point to heavy GPU-related borrowing, high capital expenditures and negative earnings. Elevated credit-default-swap pricing has raised concerns about refinancing and a possible debt spiral, particularly given CoreWeave’s debt-to-equity ratio of 3.68 and weak liquidity ratios. CoreWeave credit concerns

CoreWeave Trading Down 2.9%

NASDAQ CRWV opened at $71.77 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 cap of $32.12 billion, a P/E ratio of -23.08 and a beta of 7.17. The stock’s 50-day moving average is $93.58 and its 200-day moving average is $95.00. CoreWeave Inc. has a one year low of $60.55 and a one 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 for the quarter, missing analysts’ consensus estimates 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 quarter in the prior year, the firm posted ($0.60) earnings per share. The business’s quarterly revenue was up 111.6% on a year-over-year basis. Sell-side analysts anticipate that CoreWeave Inc. will post -5.15 earnings per share for the current fiscal year.

Insider Activity at CoreWeave

In other CoreWeave news, insider Brannin Mcbee sold 13,000 shares of CoreWeave stock in a transaction dated Monday, July 27th. The stock was sold at an average price of $71.04, for a total value of $923,520.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jeff Baker sold 6,455 shares of the business’s stock in a transaction dated Wednesday, July 29th. The shares were sold at an average price of $66.51, for a total value of $429,322.05. Following the completion of the sale, the insider owned 7,167 shares in the company, valued at approximately $476,677.17. This trade represents a 47.39% 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. In the last ninety days, insiders have sold 15,586,735 shares of company stock valued at $1,764,560,965. 24.20% of the stock is owned by corporate insiders.

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.