87,091 Shares in CoreWeave Inc. $CRWV Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of CoreWeave Inc. (NASDAQ:CRWV) in the 2nd quarter, Holdings Channel.com reports. The fund acquired 87,091 shares of the company’s stock, valued at approximately $8,669,000.

Other hedge funds have also bought and sold shares of the company. Pin Oak Investment Advisors Inc. purchased a new stake in shares of CoreWeave in the third quarter valued at $34,000. Essential Partners LLC purchased a new position in shares of CoreWeave during the 2nd quarter worth about $30,000. Burnham & Co LLC purchased a new position in shares of CoreWeave during the 2nd quarter worth about $32,000. Cullen Frost Bankers Inc. grew its holdings in CoreWeave by 45.8% during the 4th quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock valued at $28,000 after purchasing an additional 121 shares during the last quarter. Finally, Greenline Wealth Management LLC bought a new position in CoreWeave during the 4th quarter valued at about $28,000.

Insider Buying and Selling at CoreWeave

In other CoreWeave news, major shareholder Magnetar Financial Llc sold 307,131 shares of CoreWeave stock in a transaction on Friday, August 14th. The stock was sold at an average price of $108.75, for a total transaction of $33,400,496.25. Following the completion of the sale, the insider directly owned 220,810 shares of the company’s stock, valued at $24,013,087.50. The trade was a 58.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael N. Intrator sold 278,560 shares of the company’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $97.43, for a total value of $27,140,100.80. Following the completion of the sale, the chief executive officer owned 3,138,612 shares of the company’s stock, valued at $305,794,967.16. This represents a 8.15% decrease in their ownership of the stock. 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 have sold a total of 6,975,543 shares of company stock worth $642,315,593 over the last 90 days. 24.20% of the stock is currently owned by company insiders.

More CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: OpenAI’s new Astra model provided a fresh catalyst for CoreWeave, highlighting potential demand for its computing capacity. CoreWeave has a reported $22.4 billion agreement to supply compute power to OpenAI. Why is CoreWeave stock surging 16% today
• Positive Sentiment: Optimism spread across AI cloud infrastructure stocks after Morgan Stanley raised its outlook for Oracle, reinforcing expectations for sustained enterprise AI spending and benefiting GPU-cloud peers such as CoreWeave. Oracle rallies as Morgan Stanley lifts its price target
• Positive Sentiment: Call-option activity was above normal, suggesting increased speculative or bullish interest in CRWV and potentially contributing to upward trading momentum.
• Positive Sentiment: One bullish analysis cites a $129 billion contracted order book, long-term take-or-pay agreements and substantial capacity that has not yet been activated. These factors could support strong revenue growth and operating leverage as additional power comes online. CoreWeave: A Hundred Billion In Backlog And A Bond Market That Doesn’t Believe It
• Positive Sentiment: Jim Cramer endorsed CoreWeave as a leading “neocloud” opportunity, adding retail visibility and a prominent bullish voice to the stock’s narrative. Jim Cramer endorses CoreWeave stock
• Neutral Sentiment: Nvidia’s investments in Intel and CoreWeave are framed as a test of whether the AI infrastructure boom can translate into durable profits, keeping investor attention focused on execution and industry economics. Nvidia’s $99 Billion Portfolio Is Turning Intel and CoreWeave Into an AI Stress Test
• Negative Sentiment: Analysts and short sellers continue to question CoreWeave’s heavy leverage, rapid capital spending and persistent losses. The company’s debt is reportedly growing faster than revenue, increasing refinancing and execution risks. CoreWeave’s Debt Mountain Is Growing Faster Than Its Revenue
• Negative Sentiment: A bearish analysis argues that operating cash flow is supported by large customer prepayments that may not be sustainable, raising concerns about the quality of reported cash generation. CoreWeave: Cash Flow Is Propped Up By A System Of Unsustainable Prepayments

Analyst Upgrades and Downgrades

CRWV has been the subject of several analyst reports. BNP Paribas Exane started coverage on shares of CoreWeave in a research note on Tuesday, June 2nd. They issued an “outperform” rating and a $192.00 price objective for the company. TD Cowen raised CoreWeave to a “buy” rating in a research note on Wednesday, July 22nd. Rosenblatt Securities reaffirmed a “buy” rating and set a $250.00 target price on shares of CoreWeave in a research note on Wednesday, August 12th. Wolfe Research reiterated an “outperform” rating on shares of CoreWeave in a report on Monday, July 6th. Finally, Raymond James Financial lowered CoreWeave from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Twenty-one research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $141.90.

CoreWeave Price Performance

Shares of CRWV stock opened at $99.83 on Wednesday. The company has a market capitalization of $45.81 billion, a P/E ratio of -27.35 and a beta of 7.45. The company’s 50-day simple moving average is $85.21 and its two-hundred day simple moving average is $94.40. CoreWeave Inc. has a one year low of $60.55 and a one year high of $153.20. The company has a debt-to-equity ratio of 5.53, a current ratio of 0.46 and a quick ratio of 0.46.

CoreWeave (NASDAQ:CRWV) last posted its quarterly earnings results on Tuesday, August 11th. The company reported ($1.14) earnings per share for the quarter, beating the consensus estimate of ($1.52) by $0.38. The firm had revenue of $2.58 billion during the quarter. CoreWeave had a negative net margin of 25.41% and a negative return on equity of 47.95%. The business’s revenue was up 112.5% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.27) EPS. As a group, equities analysts anticipate that CoreWeave Inc. will post -5.19 EPS for the current year.

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.