CoreWeave Inc. $CRWV Shares Acquired by State Street Corp

Key Points

• State Street increased its CoreWeave stake by 139.7% in the second quarter, purchasing 4.11 million additional shares and bringing its total holdings to 7.06 million shares valued at approximately $702.6 million.
• CoreWeave reported strong operating momentum, with quarterly revenue rising 112.5% year over year to $2.58 billion and EPS losses narrower than expected. However, the company remains unprofitable and highly leveraged, with a debt-to-equity ratio of 5.53.
• Analyst sentiment remains broadly positive, with 21 Buy ratings and an average price target of $138.31, though insiders sold $561.5 million worth of stock last quarter and investors continue to weigh competition, volatility, and dependence on sustained AI spending.

State Street Corp increased its position in shares of CoreWeave Inc. (NASDAQ:CRWV - Free Report) by 139.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,058,846 shares of the company's stock after purchasing an additional 4,113,873 shares during the quarter. State Street Corp owned 1.54% of CoreWeave worth $702,638,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Parallel Advisors LLC increased 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 purchasing an additional 91 shares during the last quarter. Pathway Wealth Management LLC grew its stake in shares of CoreWeave by 2.9% during the 1st quarter. Pathway Wealth Management LLC now owns 3,593 shares of the company's stock valued at $278,000 after buying an additional 100 shares during the period. Azzad Asset Management Inc. ADV grew its stake in shares of CoreWeave by 2.1% during the 1st quarter. Azzad Asset Management Inc. ADV now owns 5,020 shares of the company's stock valued at $389,000 after buying an additional 104 shares during the period. Hazlett Burt & Watson Inc. increased its holdings in shares of CoreWeave by 34.7% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 462 shares of the company's stock worth $33,000 after buying an additional 119 shares during the last quarter. Finally, WPG Advisers LLC increased its holdings in shares of CoreWeave by 14.1% during the 1st quarter. WPG Advisers LLC now owns 1,159 shares of the company's stock worth $90,000 after buying an additional 143 shares during the last quarter.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: UBS initiated coverage with a Buy rating and a $120 price target, implying substantial upside from recent levels. The bank cited strengthening AI-compute demand and said CoreWeave’s valuation—about three times projected 2027 revenue—appears modest relative to its growth prospects. CoreWeave gets Buy rating from UBS
• Positive Sentiment: CoreWeave earned SemiAnalysis’ Platinum ClusterMAX rating for the third consecutive evaluation, making it the only provider to receive the industry’s highest rating each time. The recognition supports the company’s claims around AI-cloud performance, reliability, and scalability. CoreWeave earns third consecutive Platinum ClusterMAX rating
• Positive Sentiment: Harell Data selected CoreWeave Cloud for training, fine-tuning, and inference workloads on its secure AI model-training platform. The deal adds to evidence that CoreWeave is converting AI demand into customer deployments. Harell Data selects CoreWeave
• Positive Sentiment: The company introduced NVIDIA Vera Rubin NVL72 clusters and enhanced AI storage, targeting large-scale training, inference, and agentic-AI workloads. The products could help CoreWeave capture additional demand as customers expand AI infrastructure spending. CoreWeave rolls out Rubin clusters and AI storage
• Neutral Sentiment: Analysts and financial publications highlighted CoreWeave’s triple-digit growth, large backlog, and potential for significant upside, but these projections remain dependent on sustained AI spending and successful execution.
• Negative Sentiment: Investor concerns remain around CoreWeave’s highly leveraged balance sheet and exposure to competition from major hyperscale cloud providers. The stock’s high volatility and ongoing losses could amplify downside if AI demand slows or customers shift toward internally operated infrastructure.

Insiders Place Their Bets

In other news, CEO Michael Intrator sold 278,560 shares of CoreWeave 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 of the company's stock, valued at approximately $305,794,967.16. The trade was a 8.15% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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. Also, major shareholder Magnetar Financial Llc sold 307,131 shares of the business's stock in a transaction dated 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 completion of the transaction, the insider owned 220,810 shares in the company, valued at approximately $24,013,087.50. This trade represents a 58.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 6,380,334 shares of company stock worth $561,507,579 in the last quarter. 24.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CRWV shares. Weiss Ratings reiterated a "sell (d-)" rating on shares of CoreWeave in a report on Monday. Piper Sandler reaffirmed an "overweight" rating and issued a $153.00 price objective (up from $151.00) on shares of CoreWeave in a research note on Wednesday, August 12th. BNP Paribas Exane assumed coverage on CoreWeave in a report on Tuesday, June 2nd. They set an "outperform" rating and a $192.00 target price for the company. The Goldman Sachs Group increased their target price on shares of CoreWeave from $121.00 to $139.00 and gave the stock a "neutral" rating in a research report on Friday, August 21st. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $150.00 price target on shares of CoreWeave in a report on Friday, August 7th. Twenty-one analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $138.31.

CoreWeave Stock Up 0.2%

NASDAQ CRWV opened at $86.90 on Thursday. 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 fifty-two week low of $60.55 and a fifty-two week high of $153.20. The business has a 50 day moving average price of $85.46 and a two-hundred day moving average price of $94.28. The stock has a market cap of $39.88 billion, a PE ratio of -23.81 and a beta of 7.45.

CoreWeave (NASDAQ:CRWV - Get Free Report) last posted its earnings results on Tuesday, August 11th. The company reported ($1.14) EPS for the quarter, topping analysts' consensus estimates of ($1.52) by $0.38. The business had revenue of $2.58 billion for the quarter. CoreWeave had a negative net margin of 25.41% and a negative return on equity of 47.95%. The company's revenue for the quarter was up 112.5% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.27) earnings per share. As a group, sell-side analysts predict that CoreWeave Inc. will post -5.19 EPS for the current fiscal year.

CoreWeave Company Profile

CoreWeave, Inc is a specialized cloud computing provider focused on infrastructure for artificial intelligence, machine learning, high-performance computing and other data-intensive workloads. The company provides access to accelerated computing resources, particularly graphics processing units (GPUs), through a cloud platform designed for large-scale training, inference, rendering and scientific computing.

Its offerings include on-demand and reserved GPU instances, cloud storage, high-speed networking, Kubernetes-based container orchestration and managed services for deploying and scaling workloads.

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