FirstWave Capital Management LLC Takes $2.33 Million Position in CoreWeave Inc. $CRWV

Key Points

• FirstWave Capital Management bought 23,373 CoreWeave shares during the second quarter, establishing a position valued at approximately $2.33 million.
• CoreWeave reported quarterly revenue of $2.58 billion, up 112.5% year over year, and an adjusted loss of $1.14 per share that beat analyst expectations.
• Despite a consensus “Moderate Buy” rating and average price target of $141.90, the company faces significant risks, including a 5.53 debt-to-equity ratio, negative margins, substantial interest costs and heavy recent insider selling.

FirstWave Capital Management LLC bought a new position in shares of CoreWeave Inc. (NASDAQ:CRWV - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 23,373 shares of the company's stock, valued at approximately $2,327,000.

Several other institutional investors have also recently bought and sold shares of CRWV. Cullen Frost Bankers Inc. boosted its stake in CoreWeave by 45.8% during the 4th quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company's stock valued at $28,000 after purchasing an additional 121 shares during the last quarter. Greenline Wealth Management LLC purchased a new stake in CoreWeave in the fourth quarter worth $28,000. Essential Partners LLC purchased a new stake in CoreWeave during the second quarter valued at about $30,000. Peterson Wealth Services boosted its holdings in CoreWeave by 153.1% in the 1st quarter. Peterson Wealth Services now owns 405 shares of the company's stock worth $31,000 after buying an additional 245 shares during the period. Finally, Cassaday & Co Wealth Management LLC purchased a new stake in shares of CoreWeave in the first quarter worth about $31,000.

CoreWeave Price Performance

CRWV stock opened at $89.36 on Friday. The stock has a market cap of $41.00 billion, a PE ratio of -24.48 and a beta of 7.45. CoreWeave Inc. has a 12 month low of $60.55 and a 12 month high of $153.20. The company has a 50-day moving average price of $85.33 and a 200 day moving average price of $94.40. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 5.53.

CoreWeave (NASDAQ:CRWV - Get Free Report) last announced its quarterly earnings data on Tuesday, August 11th. The company reported ($1.14) EPS for the quarter, beating 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 company had revenue of $2.58 billion for the quarter. During the same period last year, the company earned ($0.27) EPS. The business's revenue was up 112.5% compared to the same quarter last year. Equities research analysts anticipate that CoreWeave Inc. will post -5.19 earnings per share for the current year.

CoreWeave News Summary

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave will participate in the Goldman Sachs Communacopia + Technology Conference on September 8, where CEO Michael Intrator is scheduled to speak. The event could provide investors with updates on demand, capacity expansion and financial guidance. CoreWeave to Participate in the Goldman Sachs Communacopia + Technology Conference
• Positive Sentiment: Rescale selected CoreWeave Cloud for demanding AI and simulation workloads, expanding CoreWeave’s reach among engineering and research customers. The partnership reinforces the company’s growth narrative, although one analysis argued the stock could be about 21% overvalued after the deal. CoreWeave Could Be 21% Overvalued After the Rescale Cloud Deal
• Positive Sentiment: Jim Cramer identified CoreWeave as his preferred neocloud company, providing favorable visibility for CRWV among retail investors despite competition from IREN and Nebius. Jim Cramer Backs CoreWeave
• Neutral Sentiment: Goldman Sachs said the AI spending cycle may still be in its early stages, supporting the long-term market opportunity for CoreWeave but cautioning that future winners may differ from the stocks that led the initial AI rally. Goldman Sachs Says the AI Trade Is Barely Started
• Negative Sentiment: CEO Michael Intrator sold 307,692 shares for approximately $25.1 million, and insider Kristen McVeety sold 156,000 shares for about $12.7 million. The trades were made under pre-arranged Rule 10b5-1 plans, but their size may weigh on sentiment. CoreWeave SEC Insider Sale Filing
• Negative Sentiment: Analysts continue to highlight CoreWeave’s heavy financing burden: quarterly interest expense reportedly approached four times operating income, while the company’s debt-to-equity ratio remains elevated. OpenAI CEO Sam Altman’s warning about potentially unsustainable neocloud expansion adds further risk to the growth outlook. CoreWeave’s Interest Bill Is Nearly 4x Operating Income

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Citigroup increased their target price on CoreWeave from $142.00 to $159.00 and gave the company a "buy" rating in a report on Friday, August 14th. Sanford C. Bernstein lifted their price objective on CoreWeave from $67.00 to $74.00 and gave the company an "underperform" rating in a research note on Wednesday, August 12th. Truist Financial lifted their target price on shares of CoreWeave from $155.00 to $165.00 and gave the stock a "buy" rating in a research report on Monday, August 24th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $150.00 price target on shares of CoreWeave in a research report on Friday, August 7th. Finally, Roth Capital set a $145.00 price objective on shares of CoreWeave in a research note on Thursday, August 13th. Twenty-one analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, CoreWeave has a consensus rating of "Moderate Buy" and an average price target of $141.90.

Insider Buying and Selling

In other CoreWeave news, CFO Nitin Agrawal sold 5,509 shares of the firm's stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $88.64, for a total value of $488,317.76. Following the completion of the sale, the chief financial officer owned 132,596 shares of the company's stock, valued at approximately $11,753,309.44. This trade represents a 3.99% 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 the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brannin Mcbee sold 500 shares of CoreWeave stock in a transaction dated Monday, August 24th. The shares were sold at an average price of $85.51, for a total value of $42,755.00. Following the transaction, the insider owned 48,000 shares of the company's stock, valued at $4,104,480. The trade was a 1.03% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 7,610,159 shares of company stock worth $705,653,344 in the last three months. Corporate insiders own 24.20% of the company's stock.

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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