California Public Employees Retirement System Buys Shares of 265,841 CoreWeave Inc. $CRWV

California Public Employees Retirement System bought a new position in shares of CoreWeave Inc. (NASDAQ:CRWV) during the 1st quarter, Holdings Channel reports. The fund bought 265,841 shares of the company’s stock, valued at approximately $20,595,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sivia Capital Partners LLC acquired a new stake in shares of CoreWeave in the second quarter valued at about $39,824,000. Quantbot Technologies LP acquired a new position in CoreWeave during the second quarter worth about $311,000. Invesco Ltd. acquired a new position in CoreWeave during the second quarter worth about $882,000. First Trust Advisors LP purchased a new position in CoreWeave in the second quarter valued at about $20,260,000. Finally, Baird Financial Group Inc. acquired a new stake in shares of CoreWeave during the 2nd quarter valued at approximately $455,000.

Insider Activity at CoreWeave

In other news, major shareholder Magnetar Financial Llc sold 1,284,876 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $119.91, for a total value of $154,069,481.16. Following the completion of the transaction, the insider owned 264,061 shares of the company’s stock, valued at $31,663,554.51. The trade was a 82.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Brian M. Venturo sold 375,000 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The shares were sold at an average price of $109.03, for a total transaction of $40,886,250.00. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 17,072,869 shares of company stock valued at $1,983,274,420. 24.20% of the stock is owned by insiders.

CoreWeave News Summary

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Truist upgraded CoreWeave to Buy, helping lift the stock as Wall Street continues to favor the company’s AI infrastructure growth story. CoreWeave upgraded to buy at Truist
• Positive Sentiment: Baird initiated coverage on CoreWeave with an Outperform rating, adding another vote of confidence in the company’s ability to benefit from AI demand and cloud expansion. CoreWeave, Nebius initiated with outperform ratings at Baird
• Positive Sentiment: Several pieces highlight the company’s strong revenue growth outlook and recent rebound, including commentary that CoreWeave is chasing 108% Q2 revenue growth with major power capacity expansion. CoreWeave (CRWV) Is Chasing 108% Q2 Revenue Growth With A Big Power Ramp
• Neutral Sentiment: The CFO sold about $5.5 million of company shares, which may raise some investor caution but is not necessarily a fundamental red flag on its own. CoreWeave’s CFO Sold Company Shares for $5.5 Million. What Does That Mean for Investors?
• Neutral Sentiment: Analyst target updates show mixed but still constructive sentiment: one report noted a $139.69 consensus price target, while Barclays cut its target to $90 and kept an equal-weight view. CoreWeave Inc. (NASDAQ:CRWV) Receives $139.69 Consensus PT from Brokerages
• Negative Sentiment: Broader concerns remain around CoreWeave’s heavy debt load, large capital spending needs, and pressure to quickly add power capacity, which could limit upside if execution slows. CoreWeave’s AI-Native Cloud Faces the Storm

CoreWeave Stock Performance

CoreWeave stock opened at $82.64 on Thursday. The company has a debt-to-equity ratio of 3.68, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a fifty day moving average of $98.41 and a two-hundred day moving average of $95.46. The company has a market capitalization of $36.99 billion, a price-to-earnings ratio of -26.57 and a beta of 7.17. CoreWeave Inc. has a fifty-two week low of $63.80 and a fifty-two week high of $153.20.

CoreWeave (NASDAQ:CRWV) last issued its quarterly earnings data 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). The company had revenue of $2.08 billion during the quarter. CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. The firm’s quarterly revenue was up 111.6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.60) EPS. On average, analysts anticipate that CoreWeave Inc. will post -4.57 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CRWV has been the topic of a number of research reports. Raymond James Financial cut CoreWeave from an “outperform” rating to a “market perform” rating in a report on Wednesday. Wolfe Research reiterated an “outperform” rating on shares of CoreWeave in a research report on Monday, July 6th. JPMorgan Chase & Co. upped their target price on CoreWeave from $90.00 to $105.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Barclays cut their price target on CoreWeave from $120.00 to $90.00 and set an “equal weight” rating for the company in a research note on Tuesday. Finally, Jefferies Financial Group lowered shares of CoreWeave from a “buy” rating to a “hold” rating in a research report on Wednesday. Twenty-two investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $136.25.

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.