TD Waterhouse Canada Inc. Sells 9,031 Shares of CoreWeave Inc. $CRWV

TD Waterhouse Canada Inc. cut its holdings in CoreWeave Inc. (NASDAQ:CRWV) by 12.3% during the third quarter, Holdings Channel.com reports. The fund owned 64,439 shares of the company’s stock after selling 9,031 shares during the period. TD Waterhouse Canada Inc.’s holdings in CoreWeave were worth $5,716,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. State Street Corp grew its holdings in CoreWeave by 139.7% during the 2nd quarter. State Street Corp now owns 7,058,846 shares of the company’s stock worth $702,638,000 after acquiring an additional 4,113,873 shares during the period. Alyeska Investment Group L.P. raised its position in shares of CoreWeave by 55.7% during the 2nd quarter. Alyeska Investment Group L.P. now owns 10,891,267 shares of the company’s stock valued at $1,084,117,000 after acquiring an additional 3,897,741 shares during the last quarter. Amundi raised its position in shares of CoreWeave by 266.2% during the 1st quarter. Amundi now owns 3,284,121 shares of the company’s stock valued at $254,421,000 after acquiring an additional 2,387,337 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in shares of CoreWeave in the 2nd quarter valued at $127,936,000. Finally, Jennison Associates LLC acquired a new position in shares of CoreWeave in the 1st quarter valued at $95,135,000.

Insider Buying and Selling at CoreWeave

In other CoreWeave news, CEO Michael Intrator sold 200,000 shares of CoreWeave stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $66.62, for a total transaction of $13,324,000.00. Following the transaction, the chief executive officer directly owned 2,276,815 shares in the company, valued at approximately $151,681,415.30. The trade was a 8.07% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Magnetar Financial Llc sold 307,131 shares of CoreWeave stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $108.75, for a total value of $33,400,496.25. Following the transaction, the insider owned 220,810 shares in the company, valued at approximately $24,013,087.50. This represents a 58.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 5,352,578 shares of company stock valued at $471,777,344 in the last three months. 24.20% of the stock is owned by company insiders.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Goldman Sachs upgraded CoreWeave from Neutral to Buy and set a $106 price target, citing strong contract economics and recovery potential after the recent selloff. CoreWeave Upgraded to Buy After Last Week’s Steep Decline
• Positive Sentiment: The bullish case points to CoreWeave’s roughly $104 billion backlog, its Nvidia relationship and the scarcity of permitted, powered data centers. Microsoft reportedly shelving an internal data-center project could further support demand for independent providers. CoreWeave Jumps as Goldman Sachs Upgrades
• Positive Sentiment: Recent results showed revenue of approximately $2.58 billion, up 112% year over year, while the quarterly loss was narrower than analysts expected. Some analysts argue the selloff has overcorrected and that the valuation now reflects substantial financing risk.
• Neutral Sentiment: CoreWeave’s operating growth remains strong, but investors are waiting for evidence that future cash flow can support debt service, capital spending and improving margins.
• Negative Sentiment: The company carries approximately $35 billion of debt, a debt-to-equity ratio above 5 and a current ratio of only 0.46. Bond yields reportedly reached about 15%, raising the cost of refinancing and increasing concern about liquidity. CoreWeave’s 15% Bond Yield
• Negative Sentiment: Higher interest rates could prolong losses because CoreWeave already reported substantial interest expense. Credit-market stress has led some commentators to call the company a warning sign for debt-financed AI infrastructure.
• Negative Sentiment: Insider and founder selling—reported at billions of dollars since the IPO—has added technical and confidence pressure. In addition, MoffettNathanson and BNP lowered their price targets, citing deteriorating investor sentiment. BNP Cuts CoreWeave Target

Analysts Set New Price Targets

CRWV has been the topic of several recent research reports. Cantor Fitzgerald restated an “overweight” rating on shares of CoreWeave in a research report on Monday. Rosenblatt Securities reiterated a “buy” rating and issued a $250.00 price objective on shares of CoreWeave in a report on Thursday, October 1st. TD Cowen upgraded CoreWeave to a “buy” rating in a report on Wednesday, July 22nd. The Goldman Sachs Group raised CoreWeave from a “neutral” rating to a “buy” rating and set a $106.00 target price on the stock in a research note on Monday. Finally, Btg Pactual set a $125.00 target price on CoreWeave in a research note on Monday, September 21st. Twenty-five equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, CoreWeave presently has an average rating of “Moderate Buy” and an average target price of $135.15.

CoreWeave Stock Performance

CoreWeave stock opened at $61.12 on Tuesday. The company’s 50 day simple moving average is $86.47 and its 200 day simple moving average is $94.48. 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 Inc. has a fifty-two week low of $59.25 and a fifty-two week high of $141.79.

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

CoreWeave Profile

CoreWeave, Inc is a specialized cloud computing company that provides infrastructure designed for artificial intelligence (AI), machine learning, and other high-performance computing workloads. Its platform gives customers access to accelerated computing resources, including graphics processing units (GPUs), along with the networking, storage, and software tools needed to develop, train, and deploy demanding applications.

The company offers cloud services for AI model training and inference, visual effects and rendering, scientific computing, and other data-intensive workloads.