CoreWeave Inc. $CRWV Holdings Increased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of CoreWeave Inc. (NASDAQ:CRWV - Free Report) by 32.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,288,909 shares of the company's stock after purchasing an additional 555,128 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.50% of CoreWeave worth $199,410,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Alyeska Investment Group L.P. boosted its holdings in CoreWeave by 55.7% in the second quarter. Alyeska Investment Group L.P. now owns 10,891,267 shares of the company's stock valued at $1,084,117,000 after acquiring an additional 3,897,741 shares during the last quarter. State Street Corp lifted its stake in shares of CoreWeave by 139.7% in the 2nd quarter. State Street Corp now owns 7,058,846 shares of the company's stock valued at $702,638,000 after purchasing an additional 4,113,873 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of CoreWeave by 13.1% in the 1st quarter. Bank of America Corp DE now owns 5,652,129 shares of the company's stock valued at $437,870,000 after purchasing an additional 653,398 shares in the last quarter. Amundi grew its holdings in shares of CoreWeave by 266.2% during the 1st 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 period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of CoreWeave by 64.7% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,415,103 shares of the company's stock worth $140,859,000 after purchasing an additional 555,999 shares during the period.

Insider Activity

In other news, CEO Michael Intrator sold 200,000 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $91.80, for a total transaction of $18,360,000.00. Following the completion of the sale, the chief executive officer owned 2,076,815 shares in the company, valued at approximately $190,651,617. This represents a 8.78% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 firm's stock in a transaction on Friday, August 14th. The stock was sold at an average price of $108.75, for a total value of $33,400,496.25. Following the sale, the insider directly 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 SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 4,545,101 shares of company stock valued at $412,905,249. Insiders own 24.20% of the company's stock.

CoreWeave Stock Performance

Shares of NASDAQ CRWV opened at $54.87 on Monday. The stock has a market capitalization of $25.18 billion, a P/E ratio of -15.03 and a beta of 7.36. The stock's 50 day moving average price is $79.45 and its two-hundred day moving average price is $91.02. 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 $51.24 and a 52-week high of $138.36.

CoreWeave (NASDAQ:CRWV - Get Free Report) last announced its quarterly earnings results on Tuesday, August 11th. The company reported ($1.14) earnings per share (EPS) 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 business had revenue of $2.58 billion for the quarter. During the same period last year, the business posted ($0.27) EPS. The company's revenue for the quarter was up 112.5% on a year-over-year basis. On average, analysts anticipate that CoreWeave Inc. will post -4.97 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CRWV has been the topic of several recent research reports. TD Cowen upgraded shares of CoreWeave to a "buy" rating in a report on Wednesday, July 22nd. Jefferies Financial Group reiterated a "buy" rating on shares of CoreWeave in a report on Thursday, October 15th. Rothschild & Co Redburn began coverage on CoreWeave in a research report on Monday, September 21st. They issued a "sell" rating and a $54.00 price objective on the stock. Rosenblatt Securities restated a "buy" rating and set a $250.00 price objective on shares of CoreWeave in a research note on Thursday, October 1st. Finally, Moffett Nathanson set a $89.00 price objective on CoreWeave in a research note on Monday, October 19th. Twenty-seven equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and four have issued a Sell rating to the company's stock. According to MarketBeat.com, CoreWeave currently has an average rating of "Moderate Buy" and a consensus price target of $130.24.

Key CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave is adding AI-cloud capacity in Denmark and building a dedicated backbone connecting Europe with customers in the Middle East and Asia-Pacific. Management says the expanded platform will serve enterprise AI clients across four continents, supporting the company’s long-term growth strategy. CoreWeave Adds Denmark Capacity to Its Global AI Cloud Platform
• Positive Sentiment: A bullish investment analysis highlights CoreWeave’s potentially rapid growth as demand for AI computing expands, though the opportunity is framed as most suitable for aggressive investors because of the company’s risk profile. CoreWeave’s Meteoric Growth Potential
• Neutral Sentiment: Analysts continue to rate CoreWeave around “Moderate Buy,” while comparisons with Microsoft emphasize CRWV’s greater upside potential but also substantially higher risk, debt and concentration. CoreWeave Rated Moderate Buy
• Negative Sentiment: AI-cloud stocks sold off as investors questioned whether major technology companies will continue spending aggressively on outside computing capacity. Microsoft’s lower-than-expected capital expenditures intensified concerns about AI infrastructure demand, data-center delivery timelines and future revenue growth for neocloud providers. Why Neocloud Stocks Are Falling After Microsoft’s Capex Miss
• Negative Sentiment: Comments attributed to Microsoft CEO Satya Nadella criticizing business models dependent on renting AI capacity to a small number of large customers raised concerns about CoreWeave’s customer concentration and business durability. Satya Nadella Just Took a Shot at Oracle and CoreWeave
• Negative Sentiment: Reports that CoreWeave’s debt prices have weakened sharply are fueling fears about refinancing and potential default risk. The company’s leveraged balance sheet makes higher interest costs, slower customer demand or delayed data-center deployments particularly damaging. Elon Musk vs. Jensen Huang: Who Is Right About CoreWeave?
• Negative Sentiment: A shareholder litigation firm said it is investigating potential claims involving CoreWeave’s officers and directors, adding a legal and reputational risk overhang. Investor Action Notice Regarding CoreWeave

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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