Private Advisory Group LLC Decreases Stake in CoreWeave Inc. $CRWV

Key Points

• Private Advisory Group LLC cut its stake in CoreWeave (CRWV) by 93.4% in Q4, selling 86,745 shares and retaining 6,136 shares worth about $439,000.
• Company insiders have been heavy sellers recently — including Brannin McBee (43,750 shares) and Brian M. Venturo (281,250 shares) — with insiders offloading 4,588,015 shares valued at roughly $391.8 million over the last 90 days.
• CoreWeave missed EPS estimates (Q4 EPS -$0.89 vs. est. -$0.61) despite revenue rising 110.4% to $1.57 billion; the stock has a consensus rating of Moderate Buy and a $121.06 average price target amid mixed analyst views.

Private Advisory Group LLC reduced its stake in CoreWeave Inc. (NASDAQ:CRWV - Free Report) by 93.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,136 shares of the company's stock after selling 86,745 shares during the period. Private Advisory Group LLC's holdings in CoreWeave were worth $439,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CRWV. Family Legacy Financial Solutions LLC grew its holdings in shares of CoreWeave by 166.7% in the third quarter. Family Legacy Financial Solutions LLC now owns 200 shares of the company's stock worth $27,000 after purchasing an additional 125 shares during the last quarter. HighMark Wealth Management LLC bought a new stake in CoreWeave during the 3rd quarter valued at $27,000. OLD Second National Bank of Aurora bought a new stake in CoreWeave during the 3rd quarter valued at $27,000. KERR FINANCIAL PLANNING Corp purchased a new stake in CoreWeave during the 3rd quarter valued at $27,000. Finally, Princeton Global Asset Management LLC purchased a new stake in CoreWeave during the 3rd quarter valued at $28,000.

CoreWeave Price Performance

CRWV stock opened at $69.15 on Tuesday. The firm has a 50 day moving average price of $87.61 and a 200-day moving average price of $96.83. CoreWeave Inc. has a 52-week low of $33.51 and a 52-week high of $187.00. The firm has a market capitalization of $28.98 billion and a price-to-earnings ratio of -21.61. The company has a debt-to-equity ratio of 4.46, a quick ratio of 0.46 and a current ratio of 0.46.

CoreWeave (NASDAQ:CRWV - Get Free Report) last posted its quarterly earnings results on Thursday, February 26th. The company reported ($0.89) earnings per share for the quarter, missing the consensus estimate of ($0.61) by ($0.28). CoreWeave had a negative return on equity of 33.82% and a negative net margin of 22.75%.The company had revenue of $1.57 billion during the quarter. The company's quarterly revenue was up 110.4% on a year-over-year basis.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of CoreWeave in a research report on Monday, January 12th. They issued a "neutral" rating and a $86.00 price objective on the stock. Needham & Company LLC reiterated a "hold" rating on shares of CoreWeave in a report on Friday, February 27th. Mizuho cut their target price on CoreWeave from $100.00 to $95.00 and set a "neutral" rating on the stock in a research note on Friday, February 27th. Macquarie Infrastructure restated a "neutral" rating and set a $115.00 price target on shares of CoreWeave in a report on Tuesday, January 27th. Finally, Sanford C. Bernstein initiated coverage on CoreWeave in a research report on Thursday, March 5th. They set an "underperform" rating and a $56.00 price target for the company. Nineteen analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, CoreWeave has a consensus rating of "Moderate Buy" and a consensus price target of $121.06.

Insider Buying and Selling

In other news, insider Brannin Mcbee sold 43,750 shares of the stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $82.53, for a total value of $3,610,687.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Brian M. Venturo sold 281,250 shares of the firm's stock in a transaction on Wednesday, March 18th. The shares were sold at an average price of $83.65, for a total value of $23,526,562.50. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 4,588,015 shares of company stock valued at $391,814,510.

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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