Whitaker Myers Wealth Managers LTD. Purchases Shares of 22,298 CoreWeave Inc. $CRWV

Key Points

• Whitaker Myers Wealth Managers acquired 22,298 CoreWeave shares in the second quarter, worth approximately $2.22 million.
• Other major investors also increased their positions, including Vanguard, Proficio Capital Partners, Bank of America, Clear Street Group and Alyeska Investment Group, signaling strong institutional interest.
• CoreWeave’s revenue surged 111.6% year over year to $2.08 billion, but it missed quarterly earnings expectations and remains unprofitable, highly leveraged and capital-intensive. Analysts maintain a “Moderate Buy” consensus with an average price target of $136.67 versus a recent share price near $90.67.

Whitaker Myers Wealth Managers LTD. acquired a new position in shares of CoreWeave Inc. (NASDAQ:CRWV - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 22,298 shares of the company's stock, valued at approximately $2,220,000.

A number of other large investors also recently modified their holdings of CRWV. Vanguard Group Inc. raised its position in CoreWeave by 275.6% in the 4th quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company's stock valued at $1,999,421,000 after buying an additional 20,487,478 shares during the last quarter. Proficio Capital Partners LLC lifted its stake in CoreWeave by 446,194.0% during the 3rd quarter. Proficio Capital Partners LLC now owns 17,851,760 shares of the company's stock valued at $2,443,013,000 after acquiring an additional 17,847,760 shares in the last quarter. Bank of America Corp DE boosted its holdings in CoreWeave by 13.1% during the 1st 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. boosted its holdings in CoreWeave by 57.2% during the 4th 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, Alyeska Investment Group L.P. grew its stake in shares of CoreWeave by 300.0% in the 4th quarter. Alyeska Investment Group L.P. now owns 4,000,000 shares of the company's stock worth $286,440,000 after acquiring an additional 3,000,000 shares in the last quarter.

CoreWeave Price Performance

Shares of NASDAQ:CRWV opened at $90.67 on Friday. The company's 50-day moving average is $91.81 and its 200 day moving average is $94.86. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market capitalization of $40.58 billion, a P/E ratio of -29.15 and a beta of 7.44. CoreWeave Inc. has a fifty-two week low of $60.55 and a fifty-two week high of $153.20.

CoreWeave (NASDAQ:CRWV - Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($1.40) earnings per share for the quarter, missing the consensus estimate of ($1.17) by ($0.23). The company had revenue of $2.08 billion for the quarter. CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. The business's revenue for the quarter was up 111.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.60) EPS. On average, equities research analysts forecast that CoreWeave Inc. will post -5.7 earnings per share for the current year.

Trending Headlines about CoreWeave

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?

Insider Buying and Selling at CoreWeave

In other news, insider Brian M. Venturo sold 375,000 shares of the stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $101.24, for a total transaction of $37,965,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jack D. Cogen sold 986,540 shares of the firm's stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $107.80, for a total transaction of $106,349,012.00. The disclosure for this sale is available in the SEC filing. 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 insiders.

Analysts Set New Price Targets

Several analysts have recently commented on CRWV shares. Truist Financial upgraded shares of CoreWeave from a "hold" rating to a "buy" rating and lowered their target price for the company from $131.00 to $126.00 in a report on Tuesday, July 21st. TD Cowen raised shares of CoreWeave to a "buy" rating in a research report on Wednesday, July 22nd. Roth Capital reaffirmed a "buy" rating and issued a $150.00 price objective on shares of CoreWeave in a research report on Friday, May 8th. Robert W. Baird started coverage on shares of CoreWeave in a research note on Tuesday, July 21st. They issued an "outperform" rating and a $100.00 price objective for the company. Finally, DA Davidson reissued a "neutral" rating and set a $100.00 target price (down from $175.00) on shares of CoreWeave in a research report on Monday, May 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $136.67.

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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