Fjarde AP Fonden Fourth Swedish National Pension Fund Grows Position in CoreWeave Inc. $CRWV

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in CoreWeave Inc. (NASDAQ:CRWV) by 69.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 56,300 shares of the company’s stock after purchasing an additional 23,000 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in CoreWeave were worth $4,362,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Cornerstone Planning Group LLC boosted its position in shares of CoreWeave by 272.8% during the fourth quarter. Cornerstone Planning Group LLC now owns 343 shares of the company’s stock valued at $25,000 after buying an additional 251 shares during the period. KERR FINANCIAL PLANNING Corp bought a new stake in shares of CoreWeave during the 3rd quarter worth approximately $27,000. Cullen Frost Bankers Inc. lifted its stake in shares of CoreWeave by 45.8% during the 4th quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock worth $28,000 after acquiring an additional 121 shares during the last quarter. Greenline Wealth Management LLC purchased a new position in CoreWeave during the 4th quarter valued at $28,000. Finally, Highline Wealth Partners LLC purchased a new position in CoreWeave during the 4th quarter valued at $32,000.

Analyst Upgrades and Downgrades

CRWV has been the topic of a number of recent analyst reports. Sanford C. Bernstein reiterated an “underperform” rating on shares of CoreWeave in a research note on Thursday, June 11th. BNP Paribas Exane initiated coverage on shares of CoreWeave in a research note on Tuesday, June 2nd. They issued an “outperform” rating and a $192.00 price target on the stock. Weiss Ratings upgraded shares of CoreWeave from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, June 24th. JPMorgan Chase & Co. boosted their price objective on shares of CoreWeave from $90.00 to $105.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Finally, Mizuho upped their target price on shares of CoreWeave from $105.00 to $110.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Twenty-one equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $135.00.

CoreWeave Stock Performance

CRWV stock opened at $86.46 on Tuesday. CoreWeave Inc. has a 1-year low of $63.80 and a 1-year high of $163.66. The business has a 50-day moving average price of $106.86 and a 200 day moving average price of $94.98. The company has a market capitalization of $38.70 billion, a P/E ratio of -27.80 and a beta of 7.17. The company has a debt-to-equity ratio of 3.68, a current ratio of 0.31 and a quick ratio of 0.31.

CoreWeave (NASDAQ:CRWV) last issued its earnings results on Thursday, May 7th. The company reported ($1.40) earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter. During the same quarter last year, the firm posted ($0.60) EPS. CoreWeave’s quarterly revenue was up 111.6% compared to the same quarter last year. As a group, equities research analysts forecast that CoreWeave Inc. will post -4.57 EPS for the current fiscal year.

Insider Activity

In related news, insider Brian M. Venturo sold 1,125,000 shares of the business’s stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $110.82, for a total value of $124,672,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jack D. Cogen sold 986,540 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $107.80, for a total value of $106,349,012.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 25,812,227 shares of company stock worth $3,028,961,468.

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.