National Pension Service Purchases 484,314 Shares of CoreWeave Inc. $CRWV

Key Points

• National Pension Service increased its CoreWeave stake by 1,194.7%, purchasing 484,314 additional shares to own 524,854 shares valued at approximately $52.2 million, or 0.11% of the company.
• CoreWeave reported quarterly revenue of $2.58 billion, up 112.5% year over year, and a smaller-than-expected loss of $1.14 per share. However, the company remains unprofitable and highly leveraged, with a debt-to-equity ratio of 5.53 and a current ratio of 0.46.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $141.90, well above the cited share price of $88.99, while insider selling and CoreWeave’s substantial financial risks remain concerns.

National Pension Service raised its position in shares of CoreWeave Inc. (NASDAQ:CRWV - Free Report) by 1,194.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 524,854 shares of the company's stock after acquiring an additional 484,314 shares during the period. National Pension Service owned approximately 0.11% of CoreWeave worth $52,244,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of CRWV. Sivia Capital Partners LLC purchased a new stake in CoreWeave during the second quarter valued at $39,824,000. Quantbot Technologies LP bought a new stake in shares of CoreWeave in the 2nd quarter worth about $311,000. Invesco Ltd. purchased a new stake in shares of CoreWeave during the 2nd quarter valued at about $882,000. First Trust Advisors LP purchased a new stake in shares of CoreWeave during the 2nd quarter valued at about $20,260,000. Finally, Baird Financial Group Inc. bought a new position in shares of CoreWeave in the 2nd quarter valued at about $455,000.

CoreWeave Stock Down 0.1%

Shares of NASDAQ:CRWV opened at $88.99 on Friday. CoreWeave Inc. has a 1 year low of $60.55 and a 1 year high of $153.20. The business has a 50 day simple moving average of $85.69 and a two-hundred day simple moving average of $94.35. The firm has a market capitalization of $40.83 billion, a PE ratio of -24.38 and a beta of 7.45. 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 (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. 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 for the quarter. During the same quarter in the previous year, the company posted ($0.27) earnings per share. The company's quarterly revenue was up 112.5% compared to the same quarter last year. On average, equities analysts predict that CoreWeave Inc. will post -5.19 EPS for the current year.

Key Stories Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave’s backlog continues to expand, strengthening the long-term revenue outlook and attracting additional investor support. The company is benefiting from sustained demand for GPU cloud capacity as hyperscalers and AI developers increase spending. CoreWeave’s backlog keeps growing
• Positive Sentiment: CoreWeave launched Physical AI Field Engineering, using expertise acquired from Monolith AI to help industrial customers build, validate and deploy AI across research, engineering and field operations. The initiative could diversify revenue beyond basic GPU infrastructure and increase customer value. CoreWeave Launches Physical AI Field Engineering
• Positive Sentiment: Oracle’s reported $664 billion cloud backlog and strong AI spending outlook helped lift sentiment across the AI cloud sector, including CoreWeave and other GPU infrastructure providers. Oracle AI cloud backlog lifts CoreWeave
• Positive Sentiment: Leopold Aschenbrenner’s Situational Awareness reportedly purchased options linked to CRWV, potentially signaling bullish interest and adding speculative support to the shares. Situational Awareness active in options market
• Neutral Sentiment: Michael Burry reportedly reduced bearish positions tied to CoreWeave and NVIDIA, removing a prominent source of negative sentiment, although the transaction does not change CoreWeave’s fundamentals. Michael Burry reduces bearish bets
• Negative Sentiment: Several insiders, including CEO Michael Intrator, EVP Chen Goldberg and Kristen McVeety, sold substantial amounts of stock under pre-arranged Rule 10b5-1 plans. The planned nature reduces the signal’s significance, but the combined selling can weigh on investor sentiment. CoreWeave insider stock sales
• Negative Sentiment: CoreWeave remains financially risky: it is unprofitable, carries a debt-to-equity ratio of 5.53 and has a current ratio of 0.46. Rising interest rates or slower customer spending could make its capital-intensive GPU expansion harder to fund. Risks facing neocloud companies

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CRWV. Barclays upped their price objective on CoreWeave from $90.00 to $105.00 and gave the company an "equal weight" rating in a research report on Thursday, August 13th. Needham & Company LLC reiterated a "hold" rating on shares of CoreWeave in a report on Thursday, August 13th. Roth Capital set a $145.00 price target on CoreWeave in a report on Thursday, August 13th. Mizuho raised their price target on CoreWeave from $100.00 to $115.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 12th. Finally, Robert W. Baird lifted their price objective on shares of CoreWeave from $100.00 to $130.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 12th. Twenty-one analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $141.90.

Insider Buying and Selling at CoreWeave

In related news, major shareholder Magnetar Financial Llc sold 307,131 shares of the firm's stock in a transaction dated Friday, August 14th. The shares were sold at an average price of $108.75, for a total value of $33,400,496.25. Following the transaction, the insider owned 220,810 shares of the company's stock, valued at $24,013,087.50. This trade represents a 58.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Michael Intrator sold 278,560 shares of CoreWeave stock in a transaction that occurred on Tuesday, June 30th. The shares were 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 $305,794,967.16. This represents a 8.15% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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 a total of 7,339,268 shares of company stock worth $678,455,019 in the last ninety days. 24.20% of the stock is currently owned by corporate insiders.

About CoreWeave

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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