Cibc World Market Inc. Purchases 15,559 Shares of CoreWeave Inc. $CRWV

Key Points

• CIBC World Market increased its CoreWeave position by 48.2% in the second quarter, purchasing 15,559 additional shares and ending with 47,818 shares valued at approximately $4.76 million.
• CoreWeave reported 112.5% year-over-year revenue growth to $2.58 billion and a smaller-than-expected quarterly loss, while analysts maintain a “Moderate Buy” consensus with an average price target of $141.90.
• Despite strong AI-cloud demand and new enterprise partnerships, high leverage and insider selling remain key risks; the company carries roughly $35 billion in debt, and insiders sold more than 8 million shares over the past 90 days.

Cibc World Market Inc. grew its position in CoreWeave Inc. (NASDAQ:CRWV - Free Report) by 48.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 47,818 shares of the company's stock after buying an additional 15,559 shares during the period. Cibc World Market Inc.'s holdings in CoreWeave were worth $4,760,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in CRWV. Cornerstone Planning Group LLC lifted its holdings in CoreWeave by 272.8% during the fourth quarter. Cornerstone Planning Group LLC now owns 343 shares of the company's stock worth $25,000 after acquiring an additional 251 shares in the last quarter. Cullen Frost Bankers Inc. grew its stake in CoreWeave by 45.8% in the fourth quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company's stock valued at $28,000 after acquiring an additional 121 shares during the period. Greenline Wealth Management LLC bought a new stake in shares of CoreWeave in the fourth quarter worth about $28,000. Essential Partners LLC bought a new stake in shares of CoreWeave in the second quarter worth about $30,000. Finally, Peterson Wealth Services raised its position in shares of CoreWeave by 153.1% during the first quarter. Peterson Wealth Services now owns 405 shares of the company's stock worth $31,000 after purchasing an additional 245 shares during the period.

Trending Headlines about CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Expanded Rescale partnership: Rescale will expand its cloud ecosystem to CoreWeave Cloud, giving customers in aerospace, automotive, energy, life sciences and manufacturing access to CoreWeave’s GPU capacity for AI and simulation workloads. The agreement could broaden CoreWeave’s customer base and improve utilization of its data-center infrastructure. Rescale Expands Cloud Ecosystem with CoreWeave for Engineering and AI Workloads
• Positive Sentiment: Additional enterprise demand: CoreWeave reportedly secured a multiyear AI-cloud infrastructure agreement with quantitative trading firm Hudson River Trading. The deal expands the company’s presence in financial-services workloads and supports the broader investment case that demand for GPU compute remains strong. CoreWeave Lands AI Cloud Deal As Data Center Rules Tighten
• Positive Sentiment: Optimistic analyst view: Truist said CoreWeave shares could nearly double, even as chip costs rise, reinforcing bullish sentiment following the company’s strong revenue growth and upbeat AI-demand outlook. CoreWeave shares are set to nearly double even as chip costs rise, Truist says
• Neutral Sentiment: A reported change in short interest shows zero shares both before and after the measurement period, producing an invalid “NaN” change. The data appears unreliable and offers no meaningful signal about investor positioning.
• Negative Sentiment: Leverage remains a major overhang: CoreWeave’s roughly $35 billion debt load and high interest expense could absorb much of its operating income. Analysts also warn that Nvidia-backed financing platforms could make GPU access cheaper and more competitive, weakening CoreWeave’s economics. CoreWeave’s AI Data Center Capacity Is Exploding
• Negative Sentiment: Rising global bond yields have pressured technology stocks, while tighter state-level rules on data-center energy use and transparency could increase CoreWeave’s expansion costs and slow new capacity deployments.

Insider Activity at CoreWeave

In other CoreWeave news, Director Jack D. Cogen sold 642,307 shares of CoreWeave stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $106.32, for a total value of $68,290,080.24. Following the sale, the director directly owned 9,040,829 shares in the company, valued at approximately $961,220,939.28. The trade was a 6.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael N. Intrator sold 278,560 shares of the business's stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $97.43, for a total transaction of $27,140,100.80. Following the sale, the chief executive officer directly owned 3,138,612 shares in the company, valued at $305,794,967.16. This trade represents a 8.15% decrease in their ownership of the stock. 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. Over the last 90 days, insiders sold 8,050,523 shares of company stock valued at $783,406,748. Corporate insiders own 24.20% of the company's stock.

CoreWeave Trading Up 2.1%

NASDAQ:CRWV opened at $88.04 on Wednesday. CoreWeave Inc. has a twelve month low of $60.55 and a twelve month high of $153.20. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 5.53. The business has a 50 day moving average price of $89.01 and a two-hundred day moving average price of $94.80. The company has a market cap of $40.40 billion, a P/E ratio of -24.12 and a beta of 7.44.

CoreWeave (NASDAQ:CRWV - Get Free Report) last issued its quarterly 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. The company had revenue of $2.58 billion during the quarter. CoreWeave had a negative net margin of 25.41% and a negative return on equity of 47.95%. CoreWeave's 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) earnings per share. As a group, analysts expect that CoreWeave Inc. will post -5.17 EPS for the current fiscal year.

Analysts Set New Price Targets

CRWV has been the topic of several recent analyst reports. UBS Group reiterated an "underperform" rating on shares of CoreWeave in a report on Wednesday, August 12th. Truist Financial raised their target price on shares of CoreWeave from $155.00 to $165.00 and gave the stock a "buy" rating in a report on Monday. Citigroup lifted their price target on shares of CoreWeave from $142.00 to $159.00 and gave the company a "buy" rating in a research note on Friday, August 14th. Raymond James Financial cut shares of CoreWeave from a "moderate buy" rating to a "hold" rating in a report on Wednesday, July 22nd. Finally, Needham & Company LLC reissued a "hold" rating on shares of CoreWeave in a research report on Thursday, August 13th. Twenty-one research analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $141.90.

CoreWeave Company Profile

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.

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