Hollencrest Capital Management Trims Holdings in CoreWeave Inc. $CRWV

Hollencrest Capital Management reduced its position in shares of CoreWeave Inc. (NASDAQ:CRWV) by 76.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,952 shares of the company’s stock after selling 6,331 shares during the quarter. Hollencrest Capital Management’s holdings in CoreWeave were worth $194,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Pin Oak Investment Advisors Inc. purchased a new position in shares of CoreWeave during the third quarter valued at approximately $34,000. Essential Partners LLC purchased a new stake in CoreWeave in the 2nd quarter worth approximately $30,000. Burnham & Co LLC purchased a new stake in CoreWeave in the 2nd quarter worth approximately $32,000. Cornerstone Planning Group LLC raised its holdings in CoreWeave by 272.8% in the 4th quarter. Cornerstone Planning Group LLC now owns 343 shares of the company’s stock valued at $25,000 after acquiring an additional 251 shares during the last quarter. Finally, Cullen Frost Bankers Inc. raised its holdings in CoreWeave by 45.8% in the 4th quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock valued at $28,000 after acquiring an additional 121 shares during the last quarter.

More CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave is being integrated into Rescale’s AI cloud platform, extending its reach into engineering, simulation, research and development, and other enterprise workloads. The partnership could broaden customer adoption and improve utilization of CoreWeave’s GPU infrastructure. CoreWeave Enters Next Generation Engineering AI Workloads
• Positive Sentiment: Truist said NVIDIA’s reported 17% GPU price increase may not materially damage CoreWeave’s margins. Strong AI demand, customer pricing power, and contract structures could allow CoreWeave to pass through higher equipment costs, supporting the firm’s bullish outlook. NVIDIA’s GPU Price Hikes Look Bad for CoreWeave
• Neutral Sentiment: CoreWeave’s latest results showed revenue growth of 112.5% year over year to $2.58 billion, while adjusted losses were narrower than analysts expected. However, the company remains unprofitable, with analysts forecasting a full-year loss, and carries a debt-to-equity ratio of 5.53. Analyst opinions are mixed, although the consensus rating remains “Moderate Buy.”
• Negative Sentiment: CEO Michael Intrator sold 307,692 shares worth approximately $27.3 million, while CFO Nitin Agrawal sold about $488,000. The transactions were made under pre-arranged Rule 10b5-1 plans, which limits their value as a signal of current management sentiment, but the combined sales add near-term supply and investor concern. CoreWeave Insider Selling
• Negative Sentiment: Investors continue to debate whether rising GPU costs, potential future price competition among “neocloud” providers, and CoreWeave’s substantial debt will limit profitability. Those risks are particularly important because the company is investing heavily to expand capacity despite negative earnings and weak liquidity ratios.

Wall Street Analysts Forecast Growth

CRWV has been the topic of several analyst reports. JPMorgan Chase & Co. raised their price objective on CoreWeave from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. Barclays lifted their price target on shares of CoreWeave from $90.00 to $105.00 and gave the company an “equal weight” rating in a report on Thursday, August 13th. UBS Group reiterated an “underperform” rating on shares of CoreWeave in a report on Wednesday, August 12th. Raymond James Financial lowered CoreWeave from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Finally, Jefferies Financial Group cut CoreWeave from a “buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Twenty-one research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, CoreWeave currently has an average rating of “Moderate Buy” and a consensus target price of $141.90.

Insiders Place Their Bets

In other CoreWeave news, insider Kristen J. Mcveety sold 2,100 shares of the company’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $88.03, for a total value of $184,863.00. Following the completion of the transaction, the insider owned 123,313 shares in the company, valued at $10,855,243.39. This represents a 1.67% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael N. Intrator sold 200,000 shares of the stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $88.60, for a total transaction of $17,720,000.00. Following the completion of the sale, the chief executive officer directly owned 1,487,129 shares of the company’s stock, valued at $131,759,629.40. This trade represents a 11.85% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 7,701,466 shares of company stock valued at $735,324,843. Company insiders own 24.20% of the company’s stock.

CoreWeave Stock Down 3.0%

Shares of CoreWeave stock opened at $84.23 on Friday. CoreWeave Inc. has a twelve month low of $60.55 and a twelve month high of $153.20. The stock has a market cap of $38.65 billion, a price-to-earnings ratio of -23.08 and a beta of 7.44. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 5.53. The company has a fifty day moving average price of $87.16 and a 200 day moving average price of $94.80.

CoreWeave (NASDAQ:CRWV) last released its quarterly earnings data on Tuesday, August 11th. The company reported ($1.14) EPS for the quarter, beating the consensus estimate of ($1.52) by $0.38. The company had revenue of $2.58 billion for the quarter. CoreWeave had a negative return on equity of 47.95% and a negative net margin of 25.41%.The company’s revenue for the quarter was up 112.5% compared to the same quarter last year. During the same period last year, the business earned ($0.27) earnings per share. Equities research analysts forecast that CoreWeave Inc. will post -5.19 earnings per share for the current fiscal year.

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.