Teamwork Financial Advisors LLC Makes New $1.10 Million Investment in CoreWeave Inc. $CRWV

Key Points

• Teamwork Financial Advisors acquired 11,085 CoreWeave shares worth approximately $1.10 million during the second quarter, joining several other institutions that increased their positions.
• Analyst sentiment remains broadly positive, with CoreWeave holding a “Moderate Buy” consensus rating and an average price target of $136.67, despite Barclays lowering its target to $90.
• Investors face significant risks ahead of the August 11 earnings report, including heavy leverage, ongoing losses, capital-intensive expansion and substantial insider selling totaling nearly $973 million over the past three months.

Teamwork Financial Advisors LLC acquired a new position in shares of CoreWeave Inc. (NASDAQ:CRWV - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 11,085 shares of the company's stock, valued at approximately $1,103,000.

Several other hedge funds have also modified their holdings of CRWV. Vanguard Group Inc. increased its stake in shares of CoreWeave by 275.6% during the fourth quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company's stock worth $1,999,421,000 after buying an additional 20,487,478 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in CoreWeave by 6,022.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 112,768 shares of the company's stock worth $8,075,000 after acquiring an additional 110,926 shares during the last quarter. Legal & General Group Plc lifted its stake in CoreWeave by 8,455.6% in the fourth quarter. Legal & General Group Plc now owns 611,301 shares of the company's stock worth $43,775,000 after acquiring an additional 604,156 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in CoreWeave by 67.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 66,947 shares of the company's stock worth $4,794,000 after acquiring an additional 26,907 shares in the last quarter. Finally, Broad Peak Investment Advisers Pte Ltd acquired a new position in CoreWeave during the 4th quarter worth approximately $15,539,000.

CoreWeave News Summary

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Rosenblatt Securities reaffirmed a Buy rating and maintained a $250 price target, reinforcing the bullish case for CoreWeave’s AI-cloud growth prospects. Rosenblatt Securities Reaffirms Buy Rating for CoreWeave
• Positive Sentiment: IMC selected CoreWeave for its research investment, providing another indication that the company’s GPU-accelerated cloud infrastructure is attracting institutional and enterprise users. IMC Selects CoreWeave
• Positive Sentiment: Recent bullish coverage highlights strong demand for scarce GPU capacity and argues that CoreWeave’s pullback has improved its valuation and potential risk-reward profile. CoreWeave at $92: The Compelling Bull Case
• Neutral Sentiment: Traders are positioning for a sizable move around CoreWeave’s quarterly earnings release after the closing bell Tuesday, August 11. The report and management’s outlook for demand, capital spending and profitability could determine the next major move. Traders Expect a Move After CoreWeave Earnings
• Neutral Sentiment: Commentary comparing CRWV with IREN and discussing CoreWeave as a neocloud investment may increase investor attention, but does not provide a new company-specific fundamental catalyst. CRWV Versus IREN Neocloud Comparison
• Negative Sentiment: CEO Michael Intrator sold 307,692 shares worth roughly $28.2 million, while EVP Chen Goldberg sold 25,605 shares worth approximately $2.35 million. The transactions were made under pre-arranged Rule 10b5-1 plans; Goldberg’s sales were specifically to cover tax withholding, which reduces their signaling value but can still pressure sentiment. CoreWeave Insider Selling
• Negative Sentiment: Investors remain concerned about CoreWeave’s substantial leverage, negative earnings and capital-intensive data-center expansion. Its previous quarterly loss exceeded expectations, despite revenue growth of 111.6% year over year, making the upcoming results especially important. Should You Buy CoreWeave Before or After Earnings?

Analyst Ratings Changes

CRWV has been the topic of a number of recent analyst reports. Barclays dropped their price objective on shares of CoreWeave from $120.00 to $90.00 and set an "equal weight" rating on the stock in a research report on Tuesday, July 21st. Evercore reiterated an "outperform" rating and set a $150.00 target price on shares of CoreWeave in a research note on Wednesday, April 15th. Cantor Fitzgerald started coverage on CoreWeave in a report on Wednesday, July 22nd. They issued an "overweight" rating on the stock. JPMorgan Chase & Co. lifted their price target on CoreWeave from $90.00 to $105.00 and gave the stock a "neutral" rating in a report on Friday, May 8th. Finally, BTIG Research began coverage on CoreWeave in a research report on Wednesday, July 22nd. They set a "buy" rating for the company. One research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, CoreWeave presently has an average rating of "Moderate Buy" and an average price target of $136.67.

Insider Transactions at CoreWeave

In other CoreWeave news, insider Brannin Mcbee sold 10,536 shares of CoreWeave stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $83.63, for a total transaction of $881,125.68. 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. Also, insider Jeff Baker sold 6,455 shares of CoreWeave stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $66.51, for a total value of $429,322.05. Following the transaction, the insider directly owned 7,167 shares in the company, valued at approximately $476,677.17. This trade represents a 47.39% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 9,718,798 shares of company stock worth $972,747,064 over the last three months. 24.20% of the stock is currently owned by company insiders.

CoreWeave Price Performance

Shares of NASDAQ:CRWV opened at $90.67 on Friday. CoreWeave Inc. has a 12 month low of $60.55 and a 12 month high of $153.20. The firm has a market capitalization of $40.58 billion, a P/E ratio of -29.15 and a beta of 7.44. The company has a debt-to-equity ratio of 3.68, a current ratio of 0.31 and a quick ratio of 0.31. The company's fifty day moving average price is $91.81 and its 200 day moving average price is $94.86.

CoreWeave (NASDAQ:CRWV - Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported ($1.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.17) by ($0.23). The company had revenue of $2.08 billion during the quarter. CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. CoreWeave's quarterly revenue was up 111.6% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.60) EPS. As a group, sell-side analysts predict that CoreWeave Inc. will post -5.7 earnings per share for the current fiscal year.

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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