Hsbc Holdings PLC Acquires 419,513 Shares of CoreWeave Inc. $CRWV

Hsbc Holdings PLC increased its holdings in CoreWeave Inc. (NASDAQ:CRWV) by 6,497.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 425,970 shares of the company’s stock after buying an additional 419,513 shares during the quarter. Hsbc Holdings PLC’s holdings in CoreWeave were worth $30,574,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. KERR FINANCIAL PLANNING Corp purchased a new stake in CoreWeave during the third quarter valued at approximately $27,000. Pin Oak Investment Advisors Inc. purchased a new position in shares of CoreWeave during the 3rd quarter worth $34,000. Cornerstone Planning Group LLC boosted its stake in shares of CoreWeave by 272.8% during the 4th quarter. Cornerstone Planning Group LLC now owns 343 shares of the company’s stock worth $25,000 after acquiring an additional 251 shares during the last quarter. Cullen Frost Bankers Inc. boosted 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. Finally, Greenline Wealth Management LLC bought a new stake in shares of CoreWeave during the 4th quarter valued at $28,000.

Insiders Place Their Bets

In other news, insider Brian M. Venturo sold 76,912 shares of the business’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $86.99, for a total value of $6,690,574.88. Following the transaction, the insider directly owned 283,985 shares in the company, valued at $24,703,855.15. The trade was a 21.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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. Also, insider Brannin Mcbee sold 56,707 shares of the business’s stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $95.69, for a total value of $5,426,292.83. Following the completion of the transaction, the insider owned 323,263 shares in the company, valued at $30,933,036.47. The trade was a 14.92% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. In the last quarter, insiders sold 25,812,227 shares of company stock worth $3,028,961,468.

CoreWeave Price Performance

CRWV opened at $86.46 on Tuesday. The company has a 50 day simple moving average of $106.86 and a two-hundred day simple moving average of $94.98. 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 Inc. has a 1-year low of $63.80 and a 1-year high of $163.66.

CoreWeave (NASDAQ:CRWV) last announced its quarterly earnings data 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 firm had revenue of $2.08 billion for the quarter. During the same quarter last year, the firm earned ($0.60) EPS. CoreWeave’s revenue for the quarter was up 111.6% on a year-over-year basis. As a group, equities analysts anticipate that CoreWeave Inc. will post -4.57 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CRWV has been the subject of several analyst reports. Jefferies Financial Group upped their price objective on CoreWeave from $120.00 to $160.00 and gave the stock a “buy” rating in a research note on Monday, May 4th. Truist Financial lifted their target price on CoreWeave from $85.00 to $131.00 and gave the company a “hold” rating in a research report on Friday, May 8th. Citigroup boosted their price target on CoreWeave from $155.00 to $158.00 and gave the company a “buy” rating in a report on Thursday, May 14th. Bank of America upgraded CoreWeave from a “neutral” rating to a “buy” rating and set a $100.00 price target for the company in a research report on Tuesday, March 24th. Finally, JPMorgan Chase & Co. raised their price objective on CoreWeave from $90.00 to $105.00 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 issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $135.00.

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.