Herbst Group LLC Has $2.63 Million Stake in CoreWeave Inc. $CRWV

Herbst Group LLC trimmed its stake in CoreWeave Inc. (NASDAQ:CRWV) by 24.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,430 shares of the company’s stock after selling 8,775 shares during the period. CoreWeave comprises about 1.4% of Herbst Group LLC’s investment portfolio, making the stock its 29th largest position. Herbst Group LLC’s holdings in CoreWeave were worth $2,631,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of CRWV. Vanguard Group Inc. boosted its stake in shares of CoreWeave by 275.6% in the 4th 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 in the last quarter. Proficio Capital Partners LLC increased its position in shares of CoreWeave by 446,194.0% during the 3rd 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 in the last quarter. Deutsche Bank AG increased its position in shares of CoreWeave by 22,624.0% during the 4th quarter. Deutsche Bank AG now owns 3,812,856 shares of the company’s stock worth $273,039,000 after purchasing an additional 3,796,077 shares in the last quarter. Altimeter Capital Management LP bought a new position in CoreWeave during the 4th quarter valued at about $230,099,000. Finally, Alyeska Investment Group L.P. lifted its holdings in CoreWeave by 300.0% during the 4th 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 last quarter.

CoreWeave Price Performance

Shares of NASDAQ:CRWV opened at $90.67 on Monday. CoreWeave Inc. has a 12 month low of $60.55 and a 12 month high of $153.20. The company’s 50-day moving average price is $91.81 and its two-hundred day moving average price is $94.81. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 3.68. The firm has a market cap of $40.58 billion, a P/E ratio of -29.15 and a beta of 7.45.

CoreWeave (NASDAQ:CRWV) last announced 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 company had revenue of $2.08 billion during the quarter. During the same period in the previous year, the company posted ($0.60) earnings per share. The company’s revenue was up 111.6% on a year-over-year basis. As a group, research analysts forecast that CoreWeave Inc. will post -5.7 EPS for the current fiscal year.

Insider Activity at CoreWeave

In other CoreWeave news, CEO Michael N. Intrator sold 200,000 shares of the company’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $91.80, for a total transaction of $18,360,000.00. Following the transaction, the chief executive officer owned 2,076,815 shares of the company’s stock, valued at approximately $190,651,617. This represents a 8.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Chen Goldberg sold 19,208 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $92.29, for a total value of $1,772,706.32. Following the transaction, the executive vice president directly owned 71,266 shares in the company, valued at approximately $6,577,139.14. This represents a 21.23% decrease in their position. The SEC filing for this sale provides additional information. 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 9,343,798 shares of company stock valued at $929,303,314 over the last three months. 24.20% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CRWV. Piper Sandler assumed coverage on shares of CoreWeave in a research note on Monday, August 3rd. They set an “overweight” rating and a $151.00 price objective on the stock. Barclays cut their target price on shares of CoreWeave from $120.00 to $90.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 21st. Oppenheimer boosted their target price on CoreWeave from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. BNP Paribas Exane initiated coverage on CoreWeave in a research report on Tuesday, June 2nd. They set an “outperform” rating and a $192.00 price target on the stock. Finally, Cantor Fitzgerald assumed coverage on CoreWeave in a report on Wednesday, July 22nd. They set an “overweight” rating for the company. One analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, CoreWeave currently has an average rating of “Moderate Buy” and an average price target of $136.67.

Key Headlines Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Rosenblatt Securities reaffirmed a Buy rating and maintained a $250 price target, reinforcing the bullish case for CoreWeave’s AI-cloud growth prospects. Rosenblatt Securities Reaffirms Buy Rating for CoreWeave
• Positive Sentiment: IMC selected CoreWeave for its research investment, providing another indication that the company’s GPU-accelerated cloud infrastructure is attracting institutional and enterprise users. IMC Selects CoreWeave
• Positive Sentiment: Recent bullish coverage highlights strong demand for scarce GPU capacity and argues that CoreWeave’s pullback has improved its valuation and potential risk-reward profile. CoreWeave at $92: The Compelling Bull Case
• Neutral Sentiment: Traders are positioning for a sizable move around CoreWeave’s quarterly earnings release after the closing bell Tuesday, August 11. The report and management’s outlook for demand, capital spending and profitability could determine the next major move. Traders Expect a Move After CoreWeave Earnings
• Neutral Sentiment: Commentary comparing CRWV with IREN and discussing CoreWeave as a neocloud investment may increase investor attention, but does not provide a new company-specific fundamental catalyst. CRWV Versus IREN Neocloud Comparison
• Negative Sentiment: CEO Michael Intrator sold 307,692 shares worth roughly $28.2 million, while EVP Chen Goldberg sold 25,605 shares worth approximately $2.35 million. The transactions were made under pre-arranged Rule 10b5-1 plans; Goldberg’s sales were specifically to cover tax withholding, which reduces their signaling value but can still pressure sentiment. CoreWeave Insider Selling
• Negative Sentiment: Investors remain concerned about CoreWeave’s substantial leverage, negative earnings and capital-intensive data-center expansion. Its previous quarterly loss exceeded expectations, despite revenue growth of 111.6% year over year, making the upcoming results especially important. Should You Buy CoreWeave Before or After Earnings?

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.