CoreWeave Inc. $CRWV Shares Sold by Cane Capital Partners LLC

Cane Capital Partners LLC lessened its holdings in CoreWeave Inc. (NASDAQ:CRWV) by 61.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,738 shares of the company’s stock after selling 8,973 shares during the quarter. Cane Capital Partners LLC’s holdings in CoreWeave were worth $445,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Sivia Capital Partners LLC purchased a new stake in shares of CoreWeave during the second quarter worth approximately $39,824,000. Quantbot Technologies LP purchased a new position in shares of CoreWeave during the second quarter worth approximately $311,000. Invesco Ltd. purchased a new position in CoreWeave during the 2nd quarter worth $882,000. First Trust Advisors LP purchased a new stake in shares of CoreWeave during the 2nd quarter worth $20,260,000. Finally, Baird Financial Group Inc. acquired a new stake in CoreWeave in the 2nd quarter valued at about $455,000.

Insider Buying and Selling

In other CoreWeave news, insider Brannin Mcbee sold 56,707 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $95.69, for a total transaction of $5,426,292.83. Following the completion of the transaction, the insider directly owned 323,263 shares of the company’s stock, valued at approximately $30,933,036.47. This trade represents a 14.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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. Also, CEO Michael N. Intrator sold 200,000 shares of CoreWeave stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $106.81, for a total transaction of $21,362,000.00. Following the sale, the chief executive officer directly owned 3,276,815 shares in the company, valued at approximately $349,996,610.15. This trade represents a 5.75% 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. In the last ninety days, insiders sold 26,575,216 shares of company stock worth $3,082,804,242.

CoreWeave Price Performance

Shares of CRWV stock opened at $85.68 on Thursday. The firm has a fifty day moving average of $108.96 and a 200-day moving average of $94.78. 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 capitalization of $38.35 billion, a price-to-earnings ratio of -27.55 and a beta of 7.15. CoreWeave Inc. has a 12-month low of $63.80 and a 12-month high of $166.22.

CoreWeave (NASDAQ:CRWV) last released its quarterly earnings data on Thursday, May 7th. The company reported ($1.40) EPS for the quarter, missing the consensus estimate of ($1.17) by ($0.23). The company had revenue of $2.08 billion during the quarter. CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. The company’s revenue was up 111.6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.60) earnings per share. On average, equities research analysts forecast that CoreWeave Inc. will post -4.57 earnings per share for the current year.

Analyst Ratings Changes

CRWV has been the subject of a number of recent analyst reports. Bank of America upgraded CoreWeave from a “neutral” rating to a “buy” rating and set a $100.00 price objective for the company in a research note on Tuesday, March 24th. Jefferies Financial Group boosted their target price on CoreWeave from $120.00 to $160.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Weiss Ratings raised shares of CoreWeave from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, June 24th. Wolfe Research began coverage on shares of CoreWeave in a report on Thursday, April 16th. They set an “outperform” rating and a $150.00 price target on the stock. Finally, DA Davidson restated a “neutral” rating and set a $100.00 price target (down from $175.00) on shares of CoreWeave in a report on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $135.00.

CoreWeave News Summary

Here are the key news stories impacting CoreWeave this week:

• Negative Sentiment: Bloomberg-reported Meta cloud expansion plans sparked fears that Meta could become a direct competitor in AI infrastructure, pressuring CoreWeave shares. Stock Market Today, July 1: CoreWeave Stock Tumbles as Meta Cloud Report Raises Customer Concerns
• Negative Sentiment: Bernstein said hyperscalers are likely to compete more directly with CoreWeave over time, renewing worries that the company’s business model may face intensifying pricing and customer pressure. CRWV Stock Draws Investor Buzz As Bernstein Says It’s A Matter Of Time Before Hyperscalers Compete Head-On With CoreWeave
• Neutral Sentiment: CoreWeave expanded its headquarters in Livingston by an additional 31,000 square feet, signaling continued growth, but the move was not enough to offset the broader selloff. CoreWeave Expands HQ with Additional 31,000 SF in Livingston
• Neutral Sentiment: Some commentary argued the Meta-driven decline may be overdone, pointing to CoreWeave’s strong AI backlog and ongoing demand for cloud capacity, but this did not change the stock’s weak tone. CoreWeave (CRWV) Stock May Still Look Cheap Following Record AI Backlog

About CoreWeave

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.