Wealthfront Advisers LLC Takes $788,000 Position in CoreWeave Inc. $CRWV

Key Points

• Wealthfront Advisers LLC opened a new position in CoreWeave, buying 11,011 shares worth about $788,000 in the fourth quarter per its 13F filing.
• Company insiders and major holders have been net sellers: Brian Venturo and Magnetar sold multi‑million share stakes, and insiders sold a total of 17,961,108 shares worth about $1.88 billion in the past three months.
• CoreWeave’s revenue jumped ~110% year‑over‑year, but the firm remains unprofitable (quarterly EPS -$0.89 vs. -$0.61 expected, net margin -22.75%); analysts have a consensus “Moderate Buy” with an average target of $126.69.

Wealthfront Advisers LLC acquired a new stake in shares of CoreWeave Inc. (NASDAQ:CRWV - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 11,011 shares of the company's stock, valued at approximately $788,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Chilton Capital Management LLC increased its position in shares of CoreWeave by 50.2% during the third quarter. Chilton Capital Management LLC now owns 362 shares of the company's stock valued at $50,000 after purchasing an additional 121 shares during the period. CoreCap Advisors LLC increased its position in shares of CoreWeave by 29.6% during the third quarter. CoreCap Advisors LLC now owns 644 shares of the company's stock valued at $88,000 after purchasing an additional 147 shares during the period. Pittenger & Anderson Inc. increased its position in shares of CoreWeave by 36.0% during the third quarter. Pittenger & Anderson Inc. now owns 680 shares of the company's stock valued at $93,000 after purchasing an additional 180 shares during the period. Banco Santander S.A. increased its position in shares of CoreWeave by 7.9% during the third quarter. Banco Santander S.A. now owns 2,455 shares of the company's stock valued at $336,000 after purchasing an additional 180 shares during the period. Finally, XTX Topco Ltd increased its position in shares of CoreWeave by 1.4% during the third quarter. XTX Topco Ltd now owns 12,850 shares of the company's stock valued at $1,759,000 after purchasing an additional 180 shares during the period.

CoreWeave Price Performance

Shares of CRWV stock opened at $119.01 on Monday. The stock's fifty day simple moving average is $91.88 and its 200 day simple moving average is $92.51. The company has a debt-to-equity ratio of 4.46, a current ratio of 0.46 and a quick ratio of 0.46. The firm has a market cap of $52.72 billion, a price-to-earnings ratio of -37.19 and a beta of 7.84. CoreWeave Inc. has a one year low of $45.80 and a one year high of $187.00.

CoreWeave (NASDAQ:CRWV - Get Free Report) last announced its quarterly earnings results on Thursday, February 26th. The company reported ($0.89) EPS for the quarter, missing the consensus estimate of ($0.61) by ($0.28). The company had revenue of $1.57 billion during the quarter. CoreWeave had a negative net margin of 22.75% and a negative return on equity of 33.82%. The company's revenue for the quarter was up 110.4% on a year-over-year basis. On average, analysts expect that CoreWeave Inc. will post -4.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CRWV shares. Evercore restated an "outperform" rating and set a $150.00 price objective on shares of CoreWeave in a research report on Wednesday, April 15th. Roth Mkm reaffirmed a "buy" rating on shares of CoreWeave in a research note on Monday, February 23rd. Sanford C. Bernstein boosted their price target on CoreWeave from $56.00 to $67.00 and gave the company an "underperform" rating in a research note on Tuesday, April 14th. Macquarie Infrastructure reaffirmed a "neutral" rating and issued a $115.00 price target on shares of CoreWeave in a research note on Tuesday, January 27th. Finally, Wells Fargo & Company boosted their price target on CoreWeave from $125.00 to $135.00 and gave the company an "overweight" rating in a research note on Wednesday, April 29th. Twenty analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $126.69.

Insiders Place Their Bets

In other CoreWeave news, insider Brian M. Venturo sold 1,125,000 shares of the business's stock in a transaction on Monday, April 6th. The stock was sold at an average price of $80.86, for a total value of $90,967,500.00. Following the transaction, the insider owned 285,327 shares of the company's stock, valued at approximately $23,071,541.22. The trade was a 79.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Magnetar Financial Llc sold 1,404,667 shares of the business's stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $118.30, for a total value of $166,172,106.10. Following the completion of the transaction, the insider directly owned 282,570 shares in the company, valued at approximately $33,428,031. This represents a 83.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 17,961,108 shares of company stock worth $1,878,880,036.

CoreWeave Company 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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