Evoke Wealth LLC Takes $401,000 Position in CoreWeave Inc. $CRWV

Evoke Wealth LLC acquired a new position in shares of CoreWeave Inc. (NASDAQ:CRWV) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 5,596 shares of the company’s stock, valued at approximately $401,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. AE Wealth Management LLC bought a new position in shares of CoreWeave during the 3rd quarter worth approximately $4,241,000. Vanguard Group Inc. boosted its stake in CoreWeave by 275.6% in the fourth quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company’s stock valued at $1,999,421,000 after acquiring an additional 20,487,478 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings 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 purchasing an additional 110,926 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of CoreWeave by 67.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 66,947 shares of the company’s stock worth $4,794,000 after purchasing an additional 26,907 shares in the last quarter. Finally, Hidden Lake Asset Management LP purchased a new stake in shares of CoreWeave during the 3rd quarter valued at $14,814,000.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CRWV shares. Bank of America upgraded CoreWeave from a “neutral” rating to a “buy” rating and set a $100.00 target price on the stock in a research note on Tuesday, March 24th. Citizens Jmp reissued a “market outperform” rating and issued a $180.00 price target on shares of CoreWeave in a report on Friday, February 27th. Weiss Ratings restated a “sell (e+)” rating on shares of CoreWeave in a research note on Monday, May 4th. Macquarie Infrastructure restated a “neutral” rating and set a $115.00 price objective on shares of CoreWeave in a report on Tuesday, January 27th. Finally, Barclays lifted their target price on shares of CoreWeave from $106.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Monday, May 11th. Nineteen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.63.

CoreWeave Stock Performance

Shares of NASDAQ CRWV opened at $105.49 on Tuesday. The company has a 50 day simple moving average of $100.73 and a two-hundred day simple moving average of $90.55. The stock has a market cap of $47.21 billion, a price-to-earnings ratio of -33.92 and a beta of 7.84. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 3.68. CoreWeave Inc. has a 12 month low of $63.80 and a 12 month high of $187.00.

CoreWeave (NASDAQ:CRWV) last issued its earnings results on Thursday, February 26th. The company reported ($0.89) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.61) by ($0.28). The business had revenue of $1.57 billion for the quarter. CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.CoreWeave’s revenue was up 110.4% on a year-over-year basis. As a group, analysts predict that CoreWeave Inc. will post -4.58 earnings per share for the current year.

Key Headlines Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave closed a $3.1 billion HPC loan backed by its high-performance computing infrastructure, giving it more capital to fund AI data-center growth and reinforcing confidence in its funding access. CoreWeave’s $3.1b HPC Loan And Russell 3000 Entry Reshape Funding Story
• Positive Sentiment: CoreWeave’s inclusion in the Russell 3000 adds index-related visibility and could support additional buying from passive funds. CoreWeave’s $3.1b HPC Loan And Russell 3000 Entry Reshape Funding Story
• Positive Sentiment: Macquarie upgraded CoreWeave to outperform, and the stock also drew attention from bullish commentary tying it to broader AI infrastructure demand and “AI empire” investment themes. CoreWeave climbs on recent deals; Macquarie upgrades stock to outperform SpaceX Gets the Attention, But These 4 Stocks Could Get the Returns (CRWV)

Insider Activity

In other CoreWeave news, major shareholder Magnetar Financial Llc sold 1,404,667 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $33,428,031. The trade was a 83.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Brian M. Venturo sold 1,125,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider owned 285,327 shares in the company, valued at approximately $23,071,541.22. This represents a 79.77% 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 three months, insiders sold 25,217,073 shares of company stock valued at $2,824,592,756.

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.