33,668 CoreWeave Inc. $CRWV Shares Sold by International Assets Investment Management LLC

Key Points

• International Assets Investment Management cut its CoreWeave stake by 69.2% in the third quarter, selling 33,668 shares and retaining 15,000 shares valued at $1.307 million. Other large investors, including Alyeska and State Street, increased their holdings.
• Company insiders sold a combined 4.21 million shares worth about $382 million over the past 90 days. The disclosed sales by CEO Michael Intrator and insider Kristen Mcveety were made under pre-arranged Rule 10b5-1 plans.
• CoreWeave’s latest quarterly revenue rose 112.5% year over year to $2.58 billion, and its loss per share was narrower than analysts expected. However, the article flags substantial debt and financing costs as risks despite the company’s rapid growth.

International Assets Investment Management LLC trimmed its position in CoreWeave Inc. (NASDAQ:CRWV - Free Report) by 69.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,000 shares of the company's stock after selling 33,668 shares during the quarter. International Assets Investment Management LLC's holdings in CoreWeave were worth $1,307,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CRWV. Alyeska Investment Group L.P. lifted its holdings in CoreWeave by 55.7% during the 2nd quarter. Alyeska Investment Group L.P. now owns 10,891,267 shares of the company's stock worth $1,084,117,000 after buying an additional 3,897,741 shares during the last quarter. State Street Corp raised its position in shares of 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 in the last quarter. Bank of America Corp DE raised its position in shares of CoreWeave by 13.1% during the 1st quarter. Bank of America Corp DE now owns 5,652,129 shares of the company's stock worth $437,870,000 after acquiring an additional 653,398 shares in the last quarter. Amundi lifted its stake in CoreWeave by 266.2% during the first quarter. Amundi now owns 3,284,121 shares of the company's stock worth $254,421,000 after purchasing an additional 2,387,337 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in CoreWeave by 32.7% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,626,870 shares of the company's stock valued at $126,034,000 after purchasing an additional 401,000 shares in the last quarter.

Insider Activity

In other CoreWeave news, insider Kristen Mcveety sold 156,000 shares of CoreWeave stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $81.63, for a total transaction of $12,734,280.00. Following the completion of the transaction, the insider owned 123,313 shares in the company, valued at approximately $10,066,040.19. The trade was a 55.85% decrease in their ownership of the stock. The sale 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, CEO Michael Intrator sold 200,000 shares of the company's stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $89.18, for a total transaction of $17,836,000.00. Following the completion of the sale, the chief executive officer directly owned 1,876,815 shares in the company, valued at $167,374,361.70. This trade represents a 9.63% 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. Over the last 90 days, insiders have sold 4,211,804 shares of company stock valued at $382,310,687. Company insiders own 24.20% of the company's stock.

CoreWeave Price Performance

Shares of CoreWeave stock opened at $53.74 on Wednesday. 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 1 year low of $49.46 and a 1 year high of $138.25. The company's fifty day moving average is $78.05 and its two-hundred day moving average is $90.65.

CoreWeave (NASDAQ:CRWV - Get Free Report) last released its quarterly earnings results on Tuesday, August 11th. The company reported ($1.14) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($1.52) by $0.38. The firm had revenue of $2.58 billion for the quarter. CoreWeave had a negative return on equity of 47.95% and a negative net margin of 25.41%. The business's quarterly revenue was up 112.5% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.27) EPS. As a group, sell-side analysts forecast that CoreWeave Inc. will post -4.97 earnings per share for the current fiscal year.

Key CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave shares climbed alongside Oracle and Microsoft as investors warmed to Oracle’s plan to fund its AI buildout with a stock and bond sale. The improved market reaction to AI infrastructure financing may have helped lift sentiment toward the sector. Article: Oracle Rallies as Funding Overhang Clears
• Positive Sentiment: CoreWeave and CrowdStrike expanded their partnership for AI integration, a potential commercial opportunity that reinforces demand for CoreWeave’s computing infrastructure. Article: CrowdStrike and CoreWeave Expand Partnership
• Positive Sentiment: A Zacks preview said CoreWeave may beat estimates in its upcoming third-quarter report. This is an expectation, not a reported result. Article: CoreWeave Expected to Beat Earnings Estimates
• Negative Sentiment: Debt remains the key overhang: reports cite roughly $35 billion in debt, rising interest costs, and a bond yield near 15%. Despite a large revenue backlog and rapid growth, concerns about leverage and access to funding have weighed on the stock and could magnify risk if AI infrastructure financing tightens. Article: CoreWeave’s Debt Problem Article: CoreWeave’s Bond Yield Warning

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Piper Sandler reduced their price objective on shares of CoreWeave from $153.00 to $124.00 and set an "overweight" rating for the company in a research report on Wednesday, October 21st. Barclays lifted their price target on shares of CoreWeave from $90.00 to $105.00 and gave the stock an "equal weight" rating in a research note on Thursday, August 13th. JPMorgan Chase & Co. raised shares of CoreWeave from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $120.00 to $125.00 in a research report on Thursday, September 24th. Sanford C. Bernstein downgraded shares of CoreWeave from a "hold" rating to a "strong sell" rating in a research note on Monday, October 26th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $150.00 price objective (up from $135.00) on shares of CoreWeave in a report on Friday, August 7th. Twenty-seven research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $130.24.

CoreWeave Company 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.

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