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Nykredit A S Invests $7.71 Million in CoreWeave Inc. $CRWV

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Key Points

  • Nykredit A/S initiated a $7.71 million position in CoreWeave during the second quarter by purchasing 77,471 shares, joining several other institutional investors that increased or began holdings.
  • CoreWeave reported 112.5% year-over-year revenue growth to $2.58 billion and beat quarterly EPS expectations, but remained unprofitable with a negative net margin and high leverage, reflected in a debt-to-equity ratio of 5.53.
  • Analyst sentiment is mixed: the stock has an average “Hold” rating and a $138.90 price target, while targets range from $54 to $250. Insider selling, funding needs and execution risks add caution despite strong AI-cloud growth prospects.
  • Interested in CoreWeave? Here are five stocks we like better.

Nykredit A S bought a new position in shares of CoreWeave Inc. (NASDAQ:CRWV - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund bought 77,471 shares of the company's stock, valued at approximately $7,711,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CRWV. Parkside Financial Bank & Trust increased its stake in shares of CoreWeave by 26.3% in the second quarter. Parkside Financial Bank & Trust now owns 758 shares of the company's stock worth $75,000 after acquiring an additional 158 shares during the period. Corient Private Wealth LP boosted its stake in shares of CoreWeave by 24.8% in the second quarter. Corient Private Wealth LP now owns 13,252 shares of the company's stock worth $1,319,000 after buying an additional 2,636 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in CoreWeave during the second quarter worth about $8,669,000. Ameritas Advisory Services LLC boosted its position in CoreWeave by 860.6% in the 2nd quarter. Ameritas Advisory Services LLC now owns 33,082 shares of the company's stock worth $3,293,000 after purchasing an additional 29,638 shares in the last quarter. Finally, Operose Advisors LLC acquired a new stake in shares of CoreWeave during the 2nd quarter worth approximately $116,000.

CoreWeave Price Performance

CRWV stock opened at $85.43 on Tuesday. The business has a fifty day moving average of $85.13 and a two-hundred day moving average of $94.15. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 5.53. The stock has a market cap of $39.20 billion, a price-to-earnings ratio of -23.41 and a beta of 7.45. CoreWeave Inc. has a 52-week low of $60.55 and a 52-week high of $153.20.

CoreWeave (NASDAQ:CRWV - Get Free Report) last posted its quarterly earnings results 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. 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 in the prior year, the business earned ($0.27) EPS. CoreWeave's revenue for the quarter was up 112.5% on a year-over-year basis. As a group, research analysts anticipate that CoreWeave Inc. will post -5.19 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on CRWV shares. Raymond James Financial downgraded shares of CoreWeave from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, July 22nd. Rosenblatt Securities restated a "buy" rating and issued a $250.00 price target on shares of CoreWeave in a research note on Friday. Needham & Company LLC reaffirmed a "hold" rating on shares of CoreWeave in a report on Thursday, August 13th. Rothschild & Co Redburn initiated coverage on CoreWeave in a research report on Monday. They set a "sell" rating and a $54.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $150.00 price objective on shares of CoreWeave in a research report on Friday, August 7th. Twenty-one analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, CoreWeave has an average rating of "Hold" and an average price target of $138.90.

View Our Latest Research Report on CoreWeave

Trending Headlines about CoreWeave

Here are the key news stories impacting CoreWeave this week:

Insider Buying and Selling

In other news, major shareholder Magnetar Financial Llc sold 307,131 shares of the firm's stock in a transaction on 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 completion of the sale, 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. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael Intrator sold 278,560 shares of the business's stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $97.43, for a total value of $27,140,100.80. Following the transaction, the chief executive officer owned 3,138,612 shares in the company, valued at $305,794,967.16. The trade was 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 6,457,258 shares of company stock valued at $569,301,519 over the last ninety days. 24.20% of the stock is currently owned by corporate insiders.

CoreWeave Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding CRWV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CoreWeave Inc. (NASDAQ:CRWV - Free Report).

Institutional Ownership by Quarter for CoreWeave (NASDAQ:CRWV)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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