Situational Awareness LP Sells 1,512,861 Shares of CoreWeave Inc. $CRWV

Key Points

• Situational Awareness LP reduced its CoreWeave stake by 16.8%, selling 1.51 million shares in the second quarter but retaining 7.48 million shares valued at approximately $744.5 million.
• CoreWeave reported strong operating growth, with quarterly revenue rising 112.5% year over year to $2.58 billion and adjusted losses narrower than analysts expected. However, interest expense reached $640 million, underscoring risks from its highly leveraged expansion.
• Analysts remain broadly bullish, with a “Moderate Buy” consensus and an average price target of $141.90, while insider selling—including transactions by the CEO and major shareholder—has been substantial but largely conducted under pre-arranged Rule 10b5-1 plans.

Situational Awareness LP cut its stake in CoreWeave Inc. (NASDAQ:CRWV - Free Report) by 16.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,479,558 shares of the company's stock after selling 1,512,861 shares during the quarter. CoreWeave makes up approximately 3.8% of Situational Awareness LP's investment portfolio, making the stock its 6th largest holding. Situational Awareness LP owned approximately 1.63% of CoreWeave worth $744,515,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Proficio Capital Partners LLC boosted its holdings in shares of CoreWeave by 446,194.0% during the 3rd quarter. Proficio Capital Partners LLC now owns 17,851,760 shares of the company's stock worth $2,443,013,000 after buying an additional 17,847,760 shares during the period. Alyeska Investment Group L.P. raised its holdings in CoreWeave by 55.7% in the 2nd quarter. Alyeska Investment Group L.P. now owns 10,891,267 shares of the company's stock valued at $1,084,117,000 after acquiring an additional 3,897,741 shares during the period. Bank of America Corp DE lifted its position in CoreWeave by 13.1% during the first quarter. Bank of America Corp DE now owns 5,652,129 shares of the company's stock worth $437,870,000 after acquiring an additional 653,398 shares during the last quarter. Clear Street Group Inc. lifted its position in CoreWeave by 57.2% during the fourth quarter. Clear Street Group Inc. now owns 4,653,815 shares of the company's stock worth $333,260,000 after acquiring an additional 1,692,916 shares during the last quarter. Finally, Deutsche Bank AG boosted its holdings in shares of CoreWeave by 22,624.0% during the fourth quarter. Deutsche Bank AG now owns 3,812,856 shares of the company's stock worth $273,039,000 after acquiring an additional 3,796,077 shares during the period.

Insider Activity

In related news, major shareholder Magnetar Financial Llc sold 307,131 shares of the 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 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 SEC, which is accessible through this link. Also, CEO Michael Intrator sold 278,560 shares of the stock in a transaction that occurred on Tuesday, June 30th. The stock was sold at an average price of $97.43, for a total transaction of $27,140,100.80. Following the sale, the chief executive officer owned 3,138,612 shares in the company, valued at $305,794,967.16. This represents a 8.15% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 7,610,159 shares of company stock worth $705,653,344. Insiders own 24.20% of the company's stock.

Key CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave’s second-quarter revenue more than doubled year over year, supporting optimism about demand for its AI cloud-computing services. Improving sentiment toward AI stocks also helped the shares rebound during August. Why CoreWeave Stock Gained 18% in August
• Positive Sentiment: Management has reduced CoreWeave’s weighted-average borrowing cost by nearly 300 basis points, which could help offset the company’s heavy financing burden over time. CoreWeave’s Interest Expense Hit $640 Million Last Quarter
• Neutral Sentiment: OpenAI CEO Sam Altman warned that spending and expansion plans among emerging “neocloud” companies may be unsustainable. The comments increase scrutiny of CoreWeave’s growth plans and the broader AI-compute investment cycle. Sam Altman Sees “Unsustainable Silliness” in AI Compute Spending
• Negative Sentiment: CEO Michael N. Intrator sold 307,692 shares for approximately $25.1 million, while insider Kristen J. McVeety sold 156,000 shares for about $12.7 million. All sales were made under pre-arranged Rule 10b5-1 plans, reducing their value as a direct signal of current management sentiment, but the sizable transactions may still weigh on investor confidence.
• Negative Sentiment: CoreWeave’s interest expense reached $640 million in the latest quarter—nearly four times operating income according to the analysis—highlighting risks from its highly leveraged expansion and potentially limiting future profitability. CoreWeave’s Interest Bill Is Nearly 4x Operating Income
• Negative Sentiment: Growing use of AI agents could make neocloud providers attractive cybersecurity targets, creating additional operational and reputational risks for CoreWeave. AI Agents Could Turn Neoclouds Into Cybersecurity Targets

CoreWeave Price Performance

CoreWeave stock opened at $84.56 on Friday. The firm has a market cap of $38.80 billion, a PE ratio of -23.17 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. The stock's fifty day moving average price is $85.47 and its two-hundred day moving average price is $94.43. CoreWeave Inc. has a one year low of $60.55 and a one year high of $153.20.

CoreWeave (NASDAQ:CRWV - Get Free Report) last released its earnings results on Tuesday, August 11th. The company reported ($1.14) earnings per share 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 firm had revenue of $2.58 billion during the quarter. During the same quarter in the previous year, the company posted ($0.27) earnings per share. The business's revenue was up 112.5% compared to the same quarter last year. As a group, research analysts expect that CoreWeave Inc. will post -5.19 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. TD Cowen raised CoreWeave to a "buy" rating in a research report on Wednesday, July 22nd. Truist Financial lifted their price target on CoreWeave from $155.00 to $165.00 and gave the stock a "buy" rating in a report on Monday, August 24th. BTIG Research started coverage on CoreWeave in a research note on Wednesday, July 22nd. They issued a "buy" rating for the company. The Goldman Sachs Group increased their price objective on CoreWeave from $121.00 to $139.00 and gave the stock a "neutral" rating in a research report on Friday, August 21st. Finally, Piper Sandler reissued an "overweight" rating and set a $153.00 target price (up from $151.00) on shares of CoreWeave in a report on Wednesday, August 12th. Twenty-one equities research 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 MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $141.90.

CoreWeave 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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