Cane Capital Partners LLC Sells 8,973 Shares of CoreWeave Inc. $CRWV

Cane Capital Partners LLC lowered its position in shares of CoreWeave Inc. (NASDAQ:CRWV) by 61.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,738 shares of the company’s stock after selling 8,973 shares during the period. Cane Capital Partners LLC’s holdings in CoreWeave were worth $445,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of CoreWeave by 275.6% during the fourth quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company’s stock worth $1,999,421,000 after purchasing an additional 20,487,478 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in CoreWeave by 6,022.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 112,768 shares of the company’s stock valued at $8,075,000 after acquiring an additional 110,926 shares in the last quarter. Legal & General Group Plc grew its holdings in CoreWeave by 8,455.6% during the fourth quarter. Legal & General Group Plc now owns 611,301 shares of the company’s stock worth $43,775,000 after acquiring an additional 604,156 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of CoreWeave by 67.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 66,947 shares of the company’s stock valued at $4,794,000 after purchasing an additional 26,907 shares during the last quarter. Finally, Hidden Lake Asset Management LP acquired a new stake in CoreWeave during the 3rd quarter worth approximately $14,814,000.

Key Stories Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Negative Sentiment: Bloomberg-reported Meta cloud expansion plans sparked fears that Meta could become a direct competitor in AI infrastructure, pressuring CoreWeave shares. Stock Market Today, July 1: CoreWeave Stock Tumbles as Meta Cloud Report Raises Customer Concerns
• Negative Sentiment: Bernstein said hyperscalers are likely to compete more directly with CoreWeave over time, renewing worries that the company’s business model may face intensifying pricing and customer pressure. CRWV Stock Draws Investor Buzz As Bernstein Says It’s A Matter Of Time Before Hyperscalers Compete Head-On With CoreWeave
• Neutral Sentiment: CoreWeave expanded its headquarters in Livingston by an additional 31,000 square feet, signaling continued growth, but the move was not enough to offset the broader selloff. CoreWeave Expands HQ with Additional 31,000 SF in Livingston
• Neutral Sentiment: Some commentary argued the Meta-driven decline may be overdone, pointing to CoreWeave’s strong AI backlog and ongoing demand for cloud capacity, but this did not change the stock’s weak tone. CoreWeave (CRWV) Stock May Still Look Cheap Following Record AI Backlog

CoreWeave Price Performance

NASDAQ:CRWV opened at $85.68 on Thursday. CoreWeave Inc. has a 12 month low of $63.80 and a 12 month high of $166.22. The company’s 50-day moving average price is $108.96 and its two-hundred day moving average price is $94.78. The firm has a market cap of $38.35 billion, a PE ratio of -27.55 and a beta of 7.15. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 3.68.

CoreWeave (NASDAQ:CRWV) last announced 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). CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.The business had revenue of $2.08 billion during the quarter. During the same quarter in the previous year, the company posted ($0.60) earnings per share. The firm’s quarterly revenue was up 111.6% compared to the same quarter last year. On average, equities analysts anticipate that CoreWeave Inc. will post -4.57 EPS for the current fiscal year.

Insider Activity at CoreWeave

In related news, CEO Michael N. Intrator sold 200,000 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $106.81, for a total transaction of $21,362,000.00. Following the transaction, the chief executive officer directly owned 3,276,815 shares in the company, valued at approximately $349,996,610.15. The trade was a 5.75% 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 link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Brannin Mcbee sold 56,707 shares of the firm’s stock in a transaction on Tuesday, June 30th. The stock was sold at an average price of $95.69, for a total value of $5,426,292.83. Following the completion of the sale, the insider directly owned 323,263 shares of the company’s stock, valued at $30,933,036.47. This represents a 14.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 26,575,216 shares of company stock worth $3,082,804,242 over the last ninety days.

Wall Street Analyst Weigh In

Several research firms have recently commented on CRWV. DA Davidson reissued a “neutral” rating and issued a $100.00 price target (down from $175.00) on shares of CoreWeave in a report on Monday, May 18th. Barclays lifted their price objective on shares of CoreWeave from $106.00 to $120.00 and gave the company an “equal weight” rating in a research note on Monday, May 11th. Wolfe Research assumed coverage on CoreWeave in a research note on Thursday, April 16th. They set an “outperform” rating and a $150.00 target price for the company. Cantor Fitzgerald restated an “overweight” rating and set a $167.00 price objective on shares of CoreWeave in a research note on Thursday, June 11th. Finally, JPMorgan Chase & Co. raised their target price on shares of CoreWeave from $90.00 to $105.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $135.00.

CoreWeave 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.