Stratos Wealth Partners LTD. Boosts Position in CoreWeave Inc. $CRWV

Stratos Wealth Partners LTD. boosted its holdings in CoreWeave Inc. (NASDAQ:CRWV) by 90.2% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 43,128 shares of the company’s stock after buying an additional 20,449 shares during the period. Stratos Wealth Partners LTD.’s holdings in CoreWeave were worth $3,088,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Family Legacy Financial Solutions LLC raised its holdings in CoreWeave by 166.7% in the third quarter. Family Legacy Financial Solutions LLC now owns 200 shares of the company’s stock valued at $27,000 after buying an additional 125 shares during the period. HighMark Wealth Management LLC purchased a new position in CoreWeave in the third quarter valued at approximately $27,000. OLD Second National Bank of Aurora purchased a new position in CoreWeave in the third quarter valued at approximately $27,000. KERR FINANCIAL PLANNING Corp purchased a new position in CoreWeave in the third quarter valued at approximately $27,000. Finally, Princeton Global Asset Management LLC purchased a new position in CoreWeave in the third quarter valued at approximately $28,000.

CoreWeave Stock Down 1.6%

CRWV stock opened at $80.94 on Tuesday. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 4.46. The firm has a 50 day simple moving average of $86.19 and a 200-day simple moving average of $95.48. The company has a market capitalization of $33.92 billion and a P/E ratio of -25.29. CoreWeave Inc. has a twelve month low of $33.51 and a twelve month high of $187.00.

CoreWeave (NASDAQ:CRWV) last issued its quarterly earnings results on Thursday, February 26th. The company reported ($0.89) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.28). The company had revenue of $1.57 billion during the quarter. CoreWeave had a negative return on equity of 33.82% and a negative net margin of 22.75%.CoreWeave’s revenue for the quarter was up 110.4% on a year-over-year basis.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Bank of America upgraded shares of CoreWeave from a “neutral” rating to a “buy” rating and set a $100.00 price target on the stock in a report on Tuesday, March 24th. UBS Group restated a “neutral” rating on shares of CoreWeave in a report on Friday, January 16th. Sanford C. Bernstein initiated coverage on shares of CoreWeave in a research report on Thursday, March 5th. They issued an “underperform” rating and a $56.00 price objective for the company. Roth Mkm reaffirmed a “buy” rating on shares of CoreWeave in a research report on Monday, February 23rd. Finally, Truist Financial increased their price objective on shares of CoreWeave from $84.00 to $85.00 and gave the company a “hold” rating in a research report on Friday, February 27th. Nineteen investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $121.06.

Insider Buying and Selling

In related news, insider Brannin Mcbee sold 56,031 shares of CoreWeave stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $74.05, for a total value of $4,149,095.55. Following the completion of the sale, the insider owned 313,732 shares in the company, valued at approximately $23,231,854.60. The trade was a 15.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Michael N. Intrator sold 200,000 shares of CoreWeave stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $78.77, for a total transaction of $15,754,000.00. Following the completion of the sale, the chief executive officer owned 5,528,900 shares of the company’s stock, valued at approximately $435,511,453. This trade represents a 3.49% 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. Over the last quarter, insiders sold 6,211,208 shares of company stock worth $520,614,381.

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.