VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $8.67 Million Investment in CoreWeave Inc. $CRWV

Key Points

• Virginia Retirement Systems purchased 87,091 CoreWeave shares in the second quarter, valued at approximately $8.67 million. Several other funds also initiated or increased positions.
• Analyst sentiment remains broadly positive, with 21 Buy, 10 Hold and 3 Sell ratings producing a “Moderate Buy” consensus and an average price target of $141.90.
• CoreWeave’s revenue surged 112.5% year over year to $2.58 billion, but the company remains unprofitable and highly leveraged; insiders have sold roughly $642.3 million of shares over the past 90 days.

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of CoreWeave Inc. (NASDAQ:CRWV - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 87,091 shares of the company's stock, valued at approximately $8,669,000.

Other hedge funds have also modified their holdings of the company. Pin Oak Investment Advisors Inc. purchased a new position in shares of CoreWeave during the 3rd quarter valued at $34,000. Essential Partners LLC purchased a new stake in CoreWeave in the 2nd quarter worth $30,000. Burnham & Co LLC purchased a new stake in CoreWeave in the 2nd quarter worth $32,000. Cullen Frost Bankers Inc. raised its holdings in CoreWeave by 45.8% during the fourth quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company's stock valued at $28,000 after acquiring an additional 121 shares during the period. Finally, Greenline Wealth Management LLC bought a new stake in CoreWeave during the fourth quarter valued at about $28,000.

Analyst Upgrades and Downgrades

CRWV has been the subject of a number of recent analyst reports. Piper Sandler reaffirmed an "overweight" rating and issued a $153.00 price objective (up from $151.00) on shares of CoreWeave in a research note on Wednesday, August 12th. Roth Capital set a $145.00 target price on CoreWeave in a research note on Thursday, August 13th. Cantor Fitzgerald set a $176.00 price target on CoreWeave and gave the stock an "overweight" rating in a report on Wednesday, August 12th. Raymond James Financial downgraded CoreWeave from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, July 22nd. Finally, BNP Paribas Exane began coverage on shares of CoreWeave in a report on Tuesday, June 2nd. They set an "outperform" rating and a $192.00 price objective for the company. Twenty-one investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $141.90.

Insider Buying and Selling at CoreWeave

In related news, insider Brannin Mcbee sold 500 shares of CoreWeave stock in a transaction dated Monday, August 24th. The stock was sold at an average price of $85.51, for a total value of $42,755.00. Following the completion of the transaction, the insider owned 48,000 shares in the company, valued at approximately $4,104,480. This trade represents a 1.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Nitin Agrawal sold 5,509 shares of CoreWeave stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $88.64, for a total value of $488,317.76. Following the completion of the transaction, the chief financial officer owned 132,596 shares of the company's stock, valued at approximately $11,753,309.44. This represents a 3.99% 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. In the last 90 days, insiders have sold 6,975,543 shares of company stock valued at $642,315,593. Corporate insiders own 24.20% of the company's stock.

Key CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: OpenAI’s new Astra model provided a fresh catalyst for CoreWeave, highlighting potential demand for its computing capacity. CoreWeave has a reported $22.4 billion agreement to supply compute power to OpenAI. Why is CoreWeave stock surging 16% today
• Positive Sentiment: Optimism spread across AI cloud infrastructure stocks after Morgan Stanley raised its outlook for Oracle, reinforcing expectations for sustained enterprise AI spending and benefiting GPU-cloud peers such as CoreWeave. Oracle rallies as Morgan Stanley lifts its price target
• Positive Sentiment: Call-option activity was above normal, suggesting increased speculative or bullish interest in CRWV and potentially contributing to upward trading momentum.
• Positive Sentiment: One bullish analysis cites a $129 billion contracted order book, long-term take-or-pay agreements and substantial capacity that has not yet been activated. These factors could support strong revenue growth and operating leverage as additional power comes online. CoreWeave: A Hundred Billion In Backlog And A Bond Market That Doesn't Believe It
• Positive Sentiment: Jim Cramer endorsed CoreWeave as a leading “neocloud” opportunity, adding retail visibility and a prominent bullish voice to the stock’s narrative. Jim Cramer endorses CoreWeave stock
• Neutral Sentiment: Nvidia’s investments in Intel and CoreWeave are framed as a test of whether the AI infrastructure boom can translate into durable profits, keeping investor attention focused on execution and industry economics. Nvidia’s $99 Billion Portfolio Is Turning Intel and CoreWeave Into an AI Stress Test
• Negative Sentiment: Analysts and short sellers continue to question CoreWeave’s heavy leverage, rapid capital spending and persistent losses. The company’s debt is reportedly growing faster than revenue, increasing refinancing and execution risks. CoreWeave’s Debt Mountain Is Growing Faster Than Its Revenue
• Negative Sentiment: A bearish analysis argues that operating cash flow is supported by large customer prepayments that may not be sustainable, raising concerns about the quality of reported cash generation. CoreWeave: Cash Flow Is Propped Up By A System Of Unsustainable Prepayments

CoreWeave Trading Up 11.7%

CRWV stock opened at $99.83 on Wednesday. The firm has a fifty day moving average price of $85.21 and a 200 day moving average price of $94.40. CoreWeave Inc. has a fifty-two week low of $60.55 and a fifty-two week high of $153.20. The firm has a market cap of $45.81 billion, a PE ratio of -27.35 and a beta of 7.45. The company has a debt-to-equity ratio of 5.53, a quick ratio of 0.46 and a current ratio of 0.46.

CoreWeave (NASDAQ:CRWV - Get Free Report) last released 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 net margin of 25.41% and a negative return on equity of 47.95%. The company had revenue of $2.58 billion for the quarter. During the same period in the previous year, the company earned ($0.27) EPS. CoreWeave's revenue for the quarter was up 112.5% compared to the same quarter last year. Sell-side analysts anticipate that CoreWeave Inc. will post -5.19 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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