Aptus Capital Advisors LLC Acquires 27,685 Shares of CoreWeave Inc. $CRWV

Aptus Capital Advisors LLC raised its holdings in CoreWeave Inc. (NASDAQ:CRWV) by 68.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 68,338 shares of the company’s stock after acquiring an additional 27,685 shares during the period. Aptus Capital Advisors LLC’s holdings in CoreWeave were worth $4,894,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Arete Wealth Advisors LLC grew its position in CoreWeave by 132.7% in the fourth quarter. Arete Wealth Advisors LLC now owns 14,392 shares of the company’s stock valued at $1,028,000 after acquiring an additional 8,206 shares during the last quarter. FORA Capital LLC acquired a new stake in shares of CoreWeave during the fourth quarter valued at about $9,885,000. CreativeOne Wealth LLC grew its holdings in shares of CoreWeave by 132.6% during the fourth quarter. CreativeOne Wealth LLC now owns 3,461 shares of the company’s stock worth $248,000 after purchasing an additional 1,973 shares during the last quarter. Kestra Advisory Services LLC grew its holdings in shares of CoreWeave by 50.0% during the fourth quarter. Kestra Advisory Services LLC now owns 31,991 shares of the company’s stock worth $2,291,000 after purchasing an additional 10,661 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings in shares of CoreWeave by 26.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 600 shares of the company’s stock worth $43,000 after purchasing an additional 125 shares during the last quarter.

Insider Buying and Selling

In other CoreWeave news, insider Brian M. Venturo sold 1,125,000 shares of the business’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 transaction, the insider directly 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 sale was disclosed in a filing 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, Director Jack D. Cogen sold 986,540 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $107.80, for a total value of $106,349,012.00. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 27,654,403 shares of company stock valued at $3,121,873,121 over the last ninety days.

CoreWeave Price Performance

CoreWeave stock opened at $106.71 on Tuesday. The stock’s 50 day moving average is $108.34 and its 200 day moving average is $92.79. The company has a debt-to-equity ratio of 3.68, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a market cap of $47.76 billion, a P/E ratio of -34.31 and a beta of 7.18. CoreWeave Inc. has a one year low of $63.80 and a one year high of $187.00.

CoreWeave (NASDAQ:CRWV) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($1.40) EPS for the quarter, missing analysts’ consensus estimates of ($1.17) by ($0.23). The company had revenue of $2.08 billion during the quarter. CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.CoreWeave’s revenue for the quarter was up 111.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.60) earnings per share. As a group, research analysts expect that CoreWeave Inc. will post -4.57 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Sanford C. Bernstein restated an “underperform” rating on shares of CoreWeave in a report on Thursday. Needham & Company LLC restated a “hold” rating on shares of CoreWeave in a report on Friday, February 27th. Cantor Fitzgerald restated an “overweight” rating and set a $167.00 price target on shares of CoreWeave in a report on Thursday. Bank of America upgraded 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. Finally, Wells Fargo & Company boosted their price target on CoreWeave from $135.00 to $155.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. Twenty equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, CoreWeave has a consensus rating of “Moderate Buy” and an average price target of $131.52.

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.