NEOS Investment Management LLC Purchases New Position in CoreWeave Inc. $CRWV

Key Points

• NEOS Investment Management purchased 259,686 CoreWeave shares worth approximately $25.8 million, while several other institutional investors also increased or initiated positions.
• CoreWeave reported $2.58 billion in quarterly revenue, up 112.5% year over year, and beat EPS expectations; however, it remains unprofitable and carries substantial leverage, with a debt-to-equity ratio of 5.53.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $141.90, but significant insider selling and concerns about financing costs present risks for investors.

NEOS Investment Management LLC purchased a new stake in shares of CoreWeave Inc. (NASDAQ:CRWV - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 259,686 shares of the company's stock, valued at approximately $25,849,000. NEOS Investment Management LLC owned about 0.06% of CoreWeave as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Legal & General Group Plc lifted its position in shares of CoreWeave by 8,455.6% during the fourth quarter. Legal & General Group Plc now owns 611,301 shares of the company's stock valued at $43,775,000 after purchasing an additional 604,156 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in CoreWeave in the 2nd quarter worth about $15,543,000. Bank of New York Mellon Corp increased its stake in CoreWeave by 12.6% in the 1st quarter. Bank of New York Mellon Corp now owns 353,702 shares of the company's stock valued at $27,401,000 after buying an additional 39,599 shares during the last quarter. California State Teachers Retirement System increased its stake in CoreWeave by 25.5% in the 1st quarter. California State Teachers Retirement System now owns 320,011 shares of the company's stock valued at $24,791,000 after buying an additional 64,960 shares during the last quarter. Finally, Ardmore Road Asset Management LP lifted its position in shares of CoreWeave by 3,410.0% during the 1st quarter. Ardmore Road Asset Management LP now owns 351,000 shares of the company's stock worth $27,192,000 after buying an additional 341,000 shares in the last quarter.

CoreWeave Stock Up 5.7%

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

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

Insider Activity

In other news, CEO Michael N. Intrator sold 278,560 shares of the business's stock in a transaction that occurred on Tuesday, June 30th. The shares were sold at an average price of $97.43, for a total value of $27,140,100.80. Following the sale, the chief executive officer owned 3,138,612 shares of the company's stock, valued at $305,794,967.16. The trade was a 8.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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 company's stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $108.75, for a total transaction of $33,400,496.25. Following the sale, the insider owned 220,810 shares in the company, valued at $24,013,087.50. The trade was a 58.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 7,610,159 shares of company stock valued at $705,653,344 in the last quarter. Corporate insiders own 24.20% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Jefferies Financial Group lowered CoreWeave from a "buy" rating to a "hold" rating in a report on Wednesday, July 22nd. Sanford C. Bernstein increased their price target on shares of CoreWeave from $67.00 to $74.00 and gave the company an "underperform" rating in a research report on Wednesday, August 12th. Robert W. Baird raised their price objective on shares of CoreWeave from $100.00 to $130.00 and gave the stock an "outperform" rating in a report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $150.00 price objective on shares of CoreWeave in a research report on Friday, August 7th. Finally, BNP Paribas Exane initiated coverage on shares of CoreWeave in a research note on Tuesday, June 2nd. They issued an "outperform" rating and a $192.00 target price on the stock. Twenty-one investment 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. According to MarketBeat.com, CoreWeave has an average rating of "Moderate Buy" and an average target price of $141.90.

Key Stories Impacting CoreWeave

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

About CoreWeave

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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