NewEdge Advisors LLC Increases Stock Position in CoreWeave Inc. $CRWV

NewEdge Advisors LLC lifted its position in shares of CoreWeave Inc. (NASDAQ:CRWV) by 30.7% in the second quarter, HoldingsChannel reports. The institutional investor owned 77,332 shares of the company’s stock after purchasing an additional 18,177 shares during the period. NewEdge Advisors LLC’s holdings in CoreWeave were worth $7,698,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CRWV. Cullen Frost Bankers Inc. increased its stake in CoreWeave by 45.8% during the fourth quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock worth $28,000 after acquiring an additional 121 shares during the last quarter. Greenline Wealth Management LLC acquired a new stake in CoreWeave during the 4th quarter worth approximately $28,000. Essential Partners LLC acquired a new stake in CoreWeave during the 2nd quarter worth approximately $30,000. Peterson Wealth Services raised its holdings in CoreWeave by 153.1% in the first quarter. Peterson Wealth Services now owns 405 shares of the company’s stock valued at $31,000 after buying an additional 245 shares during the period. Finally, Cassaday & Co Wealth Management LLC purchased a new position in CoreWeave in the first quarter valued at approximately $31,000.

CoreWeave Stock Down 0.1%

Shares of NASDAQ:CRWV opened at $88.99 on Friday. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 5.53. CoreWeave Inc. has a 52-week low of $60.55 and a 52-week high of $153.20. The company has a 50 day moving average of $85.69 and a two-hundred day moving average of $94.35. The company has a market capitalization of $40.83 billion, a price-to-earnings ratio of -24.38 and a beta of 7.45.

CoreWeave (NASDAQ:CRWV) last posted its quarterly earnings data on Tuesday, August 11th. The company reported ($1.14) earnings per share (EPS) for the quarter, beating 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% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.27) EPS. As a group, analysts forecast that CoreWeave Inc. will post -5.19 earnings per share for the current fiscal year.

Insider Buying and Selling

In other CoreWeave news, insider Kristen J. Mcveety sold 97,500 shares of the company’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $93.94, for a total value of $9,159,150.00. Following the completion of the transaction, the insider directly owned 123,313 shares of the company’s stock, valued at $11,584,023.22. This represents a 44.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at 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 company’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $100.08, for a total transaction of $20,016,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,087,129 shares of the company’s stock, valued at approximately $108,799,870.32. The trade was a 15.54% decrease in their ownership of the stock. 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. Insiders have sold 7,339,268 shares of company stock valued at $678,455,019 in the last quarter. Company insiders own 24.20% of the company’s stock.

Key Headlines Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave’s backlog continues to expand, strengthening the long-term revenue outlook and attracting additional investor support. The company is benefiting from sustained demand for GPU cloud capacity as hyperscalers and AI developers increase spending. CoreWeave’s backlog keeps growing
• Positive Sentiment: CoreWeave launched Physical AI Field Engineering, using expertise acquired from Monolith AI to help industrial customers build, validate and deploy AI across research, engineering and field operations. The initiative could diversify revenue beyond basic GPU infrastructure and increase customer value. CoreWeave Launches Physical AI Field Engineering
• Positive Sentiment: Oracle’s reported $664 billion cloud backlog and strong AI spending outlook helped lift sentiment across the AI cloud sector, including CoreWeave and other GPU infrastructure providers. Oracle AI cloud backlog lifts CoreWeave
• Positive Sentiment: Leopold Aschenbrenner’s Situational Awareness reportedly purchased options linked to CRWV, potentially signaling bullish interest and adding speculative support to the shares. Situational Awareness active in options market
• Neutral Sentiment: Michael Burry reportedly reduced bearish positions tied to CoreWeave and NVIDIA, removing a prominent source of negative sentiment, although the transaction does not change CoreWeave’s fundamentals. Michael Burry reduces bearish bets
• Negative Sentiment: Several insiders, including CEO Michael Intrator, EVP Chen Goldberg and Kristen McVeety, sold substantial amounts of stock under pre-arranged Rule 10b5-1 plans. The planned nature reduces the signal’s significance, but the combined selling can weigh on investor sentiment. CoreWeave insider stock sales
• Negative Sentiment: CoreWeave remains financially risky: it is unprofitable, carries a debt-to-equity ratio of 5.53 and has a current ratio of 0.46. Rising interest rates or slower customer spending could make its capital-intensive GPU expansion harder to fund. Risks facing neocloud companies

Analysts Set New Price Targets

Several equities research analysts have issued reports on CRWV shares. Citigroup boosted their price objective on shares of CoreWeave from $142.00 to $159.00 and gave the stock a “buy” rating in a research note on Friday, August 14th. Jefferies Financial Group downgraded shares of CoreWeave from a “buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Truist Financial lifted their target price on shares of CoreWeave from $155.00 to $165.00 and gave the company a “buy” rating in a report on Monday, August 24th. Mizuho upped their price target on shares of CoreWeave from $100.00 to $115.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 12th. Finally, The Goldman Sachs Group increased their price target on CoreWeave from $121.00 to $139.00 and gave the company a “neutral” rating in a report on Friday, August 21st. Twenty-one investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, CoreWeave has a consensus rating of “Moderate Buy” and a consensus price target of $141.90.

CoreWeave Company Profile

CoreWeave, Inc is a specialized cloud computing provider focused on infrastructure for artificial intelligence, machine learning, high-performance computing and other data-intensive workloads. The company provides access to accelerated computing resources, particularly graphics processing units (GPUs), through a cloud platform designed for large-scale training, inference, rendering and scientific computing.

Its offerings include on-demand and reserved GPU instances, cloud storage, high-speed networking, Kubernetes-based container orchestration and managed services for deploying and scaling workloads.