Alpine Global Management LLC Has $576,000 Stake in CoreWeave Inc. $CRWV

Alpine Global Management LLC boosted its stake in shares of CoreWeave Inc. (NASDAQ:CRWVFree Report) by 34,895.7% in the fourth quarter, Holdings Channel reports. The firm owned 8,049 shares of the company’s stock after acquiring an additional 8,026 shares during the period. Alpine Global Management LLC’s holdings in CoreWeave were worth $576,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CRWV. Vanguard Group Inc. raised its holdings in CoreWeave by 275.6% in the 4th quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company’s stock worth $1,999,421,000 after acquiring an additional 20,487,478 shares during the period. Proficio Capital Partners LLC lifted its position in shares of CoreWeave by 446,194.0% during the 3rd quarter. Proficio Capital Partners LLC now owns 17,851,760 shares of the company’s stock worth $2,443,013,000 after purchasing an additional 17,847,760 shares during the last quarter. Clear Street Group Inc. boosted its stake in CoreWeave by 57.2% during the 4th quarter. Clear Street Group Inc. now owns 4,653,815 shares of the company’s stock valued at $333,260,000 after purchasing an additional 1,692,916 shares during the period. Alyeska Investment Group L.P. boosted its stake in CoreWeave by 300.0% during the 4th quarter. Alyeska Investment Group L.P. now owns 4,000,000 shares of the company’s stock valued at $286,440,000 after purchasing an additional 3,000,000 shares during the period. Finally, Deutsche Bank AG grew its holdings in CoreWeave by 22,624.0% in the 4th quarter. Deutsche Bank AG now owns 3,812,856 shares of the company’s stock valued at $273,039,000 after buying an additional 3,796,077 shares during the last quarter.

CoreWeave Stock Up 2.4%

NASDAQ CRWV opened at $117.95 on Friday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 3.68. The stock’s 50 day moving average is $110.37 and its two-hundred day moving average is $93.70. The company has a market capitalization of $52.79 billion, a price-to-earnings ratio of -37.93 and a beta of 7.14. CoreWeave Inc. has a 1-year low of $63.80 and a 1-year high of $187.00.

CoreWeave (NASDAQ:CRWVGet Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($1.40) EPS for the quarter, missing the consensus estimate of ($1.17) by ($0.23). CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. The company had revenue of $2.08 billion during the quarter. During the same quarter last year, the company posted ($0.60) earnings per share. CoreWeave’s quarterly revenue was up 111.6% compared to the same quarter last year. Equities analysts forecast that CoreWeave Inc. will post -4.57 earnings per share for the current fiscal year.

Insider Activity at CoreWeave

In other CoreWeave news, insider Brannin Mcbee sold 52,500 shares of the stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $107.30, for a total transaction of $5,633,250.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Chen Goldberg sold 5,541 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $107.29, for a total transaction of $594,493.89. Following the transaction, the executive vice president owned 59,368 shares in the company, valued at $6,369,592.72. The trade was a 8.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 28,071,739 shares of company stock valued at $3,177,590,944.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CRWV. Roth Mkm reaffirmed a “buy” rating and issued a $150.00 price target on shares of CoreWeave in a research report on Friday, May 8th. Wolfe Research started coverage on CoreWeave in a research report on Thursday, April 16th. They issued an “outperform” rating and a $150.00 price objective for the company. Evercore restated an “outperform” rating and issued a $150.00 price objective on shares of CoreWeave in a research note on Wednesday, April 15th. Citizens Jmp restated a “market outperform” rating and issued a $180.00 price objective on shares of CoreWeave in a research note on Friday, February 27th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $180.00 target price on shares of CoreWeave in a research report on Monday, March 2nd. Twenty 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 company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $131.52.

View Our Latest Stock Report on CoreWeave

Key Headlines Impacting CoreWeave

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CoreWeave Profile

(Free Report)

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.

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Institutional Ownership by Quarter for CoreWeave (NASDAQ:CRWV)

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