Amova Asset Management Americas Inc. Increases Stake in CoreWeave Inc. $CRWV

Amova Asset Management Americas Inc. boosted its stake in shares of CoreWeave Inc. (NASDAQ:CRWV) by 253.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 876,373 shares of the company’s stock after purchasing an additional 628,499 shares during the quarter. Amova Asset Management Americas Inc.’s holdings in CoreWeave were worth $62,740,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CRWV. Vanguard Group Inc. raised its stake in shares of CoreWeave by 275.6% in 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 during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of 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 acquiring an additional 110,926 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of CoreWeave by 8,455.6% in 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 last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in 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 buying an additional 26,907 shares during the last quarter. Finally, Hidden Lake Asset Management LP acquired a new position in CoreWeave during the third quarter worth $14,814,000.

Insider Buying and Selling

In related news, insider Brian M. Venturo sold 1,125,000 shares of the business’s stock in a transaction dated 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 owned 285,327 shares in the company, valued at approximately $23,071,541.22. The trade was a 79.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Magnetar Financial Llc sold 1,404,667 shares of the business’s stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $118.30, for a total value of $166,172,106.10. Following the completion of the sale, the insider directly owned 282,570 shares of the company’s stock, valued at approximately $33,428,031. This represents a 83.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 27,161,017 shares of company stock worth $3,069,845,030.

CoreWeave News Summary

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave landed a major $6 billion AI cloud agreement with Jane Street, including a $1 billion equity investment, reinforcing demand for its infrastructure and supporting the long-term growth story. CoreWeave Jane Street AI Cloud Pact Reframes Growth And Valuation Story
• Positive Sentiment: Analyst sentiment remains constructive, with most ratings at Buy and an average price target above recent trading levels, suggesting Wall Street still sees upside if execution holds. Why CoreWeave (CRWV) is a Strategically Important firm in AI Infrastructure?
• Neutral Sentiment: The company is exploring financing options in the European high-yield bond market, which may help fund AI infrastructure expansion but also underscores ongoing capital needs. CoreWeave Explores European Bond Market as AI Infrastructure Funding Accelerates
• Neutral Sentiment: Short interest data showed no meaningful change in reported shares, so this does not appear to be a major near-term trading catalyst. CoreWeave stock slips: What’s happening today?
• Negative Sentiment: Reports that CoreWeave founders have sold $2.3 billion in planned stock sales since the IPO may raise investor concerns about insider confidence and supply overhang. CoreWeave founders sold $2.3B in planned stock sales since IPO: report
• Negative Sentiment: Recent articles highlight that CRWV has fallen sharply over the past year, and the stock’s valuation remains under scrutiny despite strong AI growth prospects. CoreWeave Stock Tumbles 34% in a Year: What Should Investors Do Now?

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CRWV. Mizuho upped their price target on CoreWeave from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Sanford C. Bernstein upped their target price on CoreWeave from $56.00 to $67.00 and gave the company an “underperform” rating in a research report on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $135.00 price objective on shares of CoreWeave in a research report on Friday, May 8th. Wolfe Research began 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. Finally, Oppenheimer upped their target price on CoreWeave from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, April 29th. Twenty analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, CoreWeave currently has a consensus rating of “Moderate Buy” and an average target price of $131.52.

CoreWeave Price Performance

Shares of CoreWeave stock opened at $98.45 on Wednesday. The business’s fifty day moving average price is $106.51 and its 200 day moving average price is $92.00. The stock has a market capitalization of $44.06 billion, a P/E ratio of -31.66 and a beta of 7.14. CoreWeave Inc. has a twelve month low of $63.80 and a twelve month high of $187.00. 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 (NASDAQ:CRWV) last issued 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 for the quarter. CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.CoreWeave’s quarterly revenue was up 111.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.60) EPS. As a group, research analysts anticipate that CoreWeave Inc. will post -4.57 earnings per share for the current year.

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.