Howard Capital Management LLC Acquires 8,553 Shares of CoreWeave Inc. $CRWV

Howard Capital Management LLC acquired a new stake in CoreWeave Inc. (NASDAQ:CRWV) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 8,553 shares of the company’s stock, valued at approximately $745,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Parallel Advisors LLC lifted its position in CoreWeave by 4.0% during the first quarter. Parallel Advisors LLC now owns 2,340 shares of the company’s stock worth $181,000 after buying an additional 91 shares during the period. Pathway Wealth Management LLC boosted its stake in CoreWeave by 2.9% in the 1st quarter. Pathway Wealth Management LLC now owns 3,593 shares of the company’s stock worth $278,000 after buying an additional 100 shares during the last quarter. Azzad Asset Management Inc. ADV boosted its stake in CoreWeave by 2.1% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 5,020 shares of the company’s stock worth $389,000 after buying an additional 104 shares during the last quarter. WPG Advisers LLC grew its holdings in CoreWeave by 14.1% in the 1st quarter. WPG Advisers LLC now owns 1,159 shares of the company’s stock valued at $90,000 after buying an additional 143 shares during the period. Finally, Sequoia Financial Advisors LLC grew its holdings in CoreWeave by 3.6% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 4,128 shares of the company’s stock valued at $411,000 after buying an additional 145 shares during the period.

Insiders Place Their Bets

In related news, CEO Michael Intrator sold 200,000 shares of the company’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $66.62, for a total transaction of $13,324,000.00. Following the completion of the sale, the chief executive officer directly owned 2,276,815 shares of the company’s stock, valued at approximately $151,681,415.30. This represents a 8.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Magnetar Financial Llc sold 307,131 shares of the stock in a transaction on Friday, August 14th. The shares were sold at an average price of $108.75, for a total value of $33,400,496.25. Following the completion of the sale, the insider owned 220,810 shares of the company’s stock, valued at approximately $24,013,087.50. This represents a 58.18% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 5,910,270 shares of company stock worth $514,630,589. Insiders own 24.20% of the company’s stock.

Key CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: JPMorgan analyst Samik Chatterjee called the recent selloff “overdone,” arguing that demand for AI computing remains robust and that CoreWeave can generate healthy returns as it brings additional capacity online. JPMorgan says Wall Street is overreacting
• Positive Sentiment: ARK Invest bought CoreWeave shares during the selloff, while Nvidia CEO Jensen Huang expressed confidence in the company. These endorsements support the bullish view that long-term AI infrastructure demand remains intact. Cathie Wood bought CoreWeave shares
• Positive Sentiment: CoreWeave has reportedly highlighted a backlog of approximately $104 billion, and Bank of America maintained a Buy rating and $140 price target, citing strong growth potential and the company’s ability to deploy computing capacity at scale. Bank of America backs CoreWeave
• Neutral Sentiment: Analyst opinion remains divided. Some firms describe the selloff as excessive and retain high price targets, but others have reduced targets because of funding, execution and customer-concentration risks. The conflicting views are contributing to elevated volatility. How to trade CoreWeave’s slow moving crisis
• Negative Sentiment: CoreWeave’s bonds have sold off sharply, with some unsecured debt trading near 79% of face value and yields on longer-dated notes reaching roughly 14.5% to 15%. Credit-default swap pricing reportedly implies a more than 50% probability of default over five years, raising concerns about refinancing and future capital needs. Why CoreWeave stock is falling
• Negative Sentiment: Investors remain worried that rising borrowing costs will undermine the economics of CoreWeave’s rapid expansion. The company reported negative free cash flow of approximately $5.7 billion in the latest quarter and carries substantial leverage, making weaker financing conditions particularly damaging. CoreWeave credit-default swaps hit distress levels
• Negative Sentiment: Gartner’s warning that as many as 80% of neocloud providers may not survive independently by 2030 has intensified concerns about competition, customer concentration and the durability of AI infrastructure spending. Gartner warns most neoclouds may not survive
• Negative Sentiment: Recent insider sales by CFO Nitin Agrawal and CRO Jonathan Jones added to investor unease, although the transactions were conducted under pre-arranged plans and were partly related to tax withholding. CoreWeave insider sale

CoreWeave Trading Down 11.9%

NASDAQ CRWV opened at $61.39 on Friday. CoreWeave Inc. has a one year low of $59.51 and a one year high of $141.79. The company’s 50 day moving average price is $87.01 and its 200 day moving average price is $94.42. The company has a debt-to-equity ratio of 5.53, a quick ratio of 0.46 and a current ratio of 0.46. The firm has a market capitalization of $28.17 billion, a price-to-earnings ratio of -16.82 and a beta of 7.36.

CoreWeave (NASDAQ:CRWV) last announced its quarterly earnings results on Tuesday, August 11th. The company reported ($1.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.52) by $0.38. CoreWeave had a negative net margin of 25.41% and a negative return on equity of 47.95%. The firm had revenue of $2.58 billion for the quarter. During the same period last year, the firm earned ($0.27) earnings per share. The company’s quarterly revenue was up 112.5% on a year-over-year basis. On average, sell-side analysts predict that CoreWeave Inc. will post -5.19 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of CoreWeave in a research note on Thursday, August 13th. Truist Financial increased their price objective on shares of CoreWeave from $155.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, August 24th. TD Cowen raised shares of CoreWeave to a “buy” rating in a research report on Wednesday, July 22nd. Rosenblatt Securities restated a “buy” rating and issued a $250.00 target price on shares of CoreWeave in a report on Thursday, October 1st. Finally, Northland Securities set a $200.00 target price on shares of CoreWeave in a report on Wednesday, October 7th. Twenty-four investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $139.82.

CoreWeave Company Profile

CoreWeave, Inc is a specialized cloud computing provider focused on infrastructure for artificial intelligence, machine learning and other data-intensive workloads. The company offers access to accelerated computing resources, including graphics processing units (GPUs), alongside central processing units, high-performance storage, networking and data center capacity.

Its platform supports AI model training, fine-tuning and inference, as well as visual effects, rendering, scientific computing and other demanding applications.