44,725 CoreWeave Inc. $CRWV Shares Purchased by Fulcrum Asset Management LLP

Key Points

• Fulcrum Asset Management sharply increased its CoreWeave stake, buying 44,725 shares in the third quarter—a 1,552.4% increase—to hold 47,606 shares valued at about $4.1 million.
• Analyst sentiment is generally positive: 27 analysts rate the stock Buy, seven Hold and four Sell, for a “Moderate Buy” consensus and an average price target of $125.76.
• CoreWeave reported 112.5% year-over-year revenue growth to $2.58 billion and a smaller-than-expected quarterly loss, but its high debt-to-equity ratio and weak liquidity remain notable risks.

Fulcrum Asset Management LLP raised its stake in CoreWeave Inc. (NASDAQ:CRWV - Free Report) by 1,552.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 47,606 shares of the company's stock after buying an additional 44,725 shares during the quarter. Fulcrum Asset Management LLP's holdings in CoreWeave were worth $4,091,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Essential Partners LLC acquired a new position in shares of CoreWeave in the second quarter worth $30,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of CoreWeave by 241.1% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 307 shares of the company's stock worth $27,000 after acquiring an additional 217 shares in the last quarter. Burnham & Co LLC purchased a new stake in shares of CoreWeave during the second quarter worth $32,000. Cassaday & Co Wealth Management LLC purchased a new stake in shares of CoreWeave during the first quarter worth $31,000. Finally, Allied Private Wealth LLC acquired a new stake in CoreWeave during the second quarter valued at $40,000.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CRWV. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $150.00 price target (up from $135.00) on shares of CoreWeave in a research note on Friday, August 7th. JPMorgan Chase & Co. upgraded CoreWeave from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $120.00 to $125.00 in a report on Thursday, September 24th. Robert W. Baird boosted their price target on CoreWeave from $100.00 to $130.00 and gave the company an "outperform" rating in a research note on Wednesday, August 12th. Roth Capital set a $145.00 price objective on CoreWeave in a report on Thursday, August 13th. Finally, Moffett Nathanson set a $89.00 price objective on shares of CoreWeave in a research report on Monday, October 19th. Twenty-seven analysts have rated the stock with a Buy rating, seven have given a Hold rating and four have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, CoreWeave presently has an average rating of "Moderate Buy" and an average target price of $125.76.

More CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave signed a multi-year agreement to provide AI computing infrastructure to autonomous-driving company Wayve, expanding its reach into “physical AI.” The deal helped lift sentiment toward AI-cloud stocks. Article: CoreWeave lands multi-year deal to provide Wayve with cloud computing power
• Positive Sentiment: Despite reducing their targets, Rosenblatt Securities and Wells Fargo maintained Buy and Overweight ratings, respectively. Their new targets of $160 and $115 still imply substantial upside from recent levels, though the cuts reflect a more cautious outlook. Rosenblatt analyst ratings Wells Fargo analyst ratings
• Neutral Sentiment: Tuesday’s Q3 results are a key catalyst. Preview coverage points to rapid revenue growth, but investors will focus on whether growth and the company’s outlook can justify its heavy financing costs. Article: CoreWeave Q3 earnings on deck
• Negative Sentiment: Debt and credit risk are weighing on the shares ahead of earnings: reports say some CoreWeave bonds yield above 15%–16%, raising concerns that expensive borrowing could constrain growth and intensify refinancing pressure. Article: CoreWeave confronts neocloud credit risk
• Negative Sentiment: Investors also face uncertainty around Texas data-center development, including power, water, permitting and local political opposition. CoreWeave has sought to address community concerns, but unresolved constraints could affect its capacity plans. Article: CoreWeave Stock Drops as CEO Pushes for Texas Data-Center Clarity

Insiders Place Their Bets

In related news, insider Jeff Baker sold 6,670 shares of the firm's stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $61.16, for a total value of $407,937.20. Following the transaction, the insider directly owned 14,170 shares in the company, valued at approximately $866,637.20. This trade represents a 32.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CRO Jonathan Jones sold 21,569 shares of CoreWeave stock in a transaction on Tuesday, October 13th. The stock was sold at an average price of $77.42, for a total transaction of $1,669,871.98. Following the completion of the transaction, the executive owned 5,392 shares in the company, valued at $417,448.64. This trade represents a 80.00% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 3,713,408 shares of company stock valued at $336,866,280 in the last three months. Company insiders own 24.20% of the company's stock.

CoreWeave Trading Up 5.6%

Shares of NASDAQ CRWV opened at $48.98 on Tuesday. The business's 50-day simple moving average is $74.86 and its 200-day simple moving average is $89.66. 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 52 week low of $40.58 and a 52 week high of $138.25.

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

About CoreWeave

CoreWeave is a cloud computing company that provides infrastructure for artificial intelligence, machine learning, and other compute-intensive workloads. Its services include access to graphics processing units (GPUs), cloud storage and networking, and software tools for deploying and managing workloads.

The company was founded in 2017 as a cryptocurrency mining business and later shifted its focus to cloud computing. CoreWeave is headquartered in Livingston, New Jersey, and operates data center infrastructure in the United States and Europe, serving customers that need large-scale computing resources.

Co-founder Michael Intrator serves as CoreWeave's chief executive officer.

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