CoreWeave (CRWV) has witnessed a remarkable 264% surge in its stock value this year. This increase is primarily driven by the rising necessity for high-performance computing services and significant contracts. One of the pivotal agreements includes a substantial $14.2 billion contract with Meta Platforms (META) for AI application computing power.
Analyst Sentiment on CoreWeave
Following this major deal, several analysts expressed confidence in CoreWeave, maintaining their Buy ratings. The stock is set to benefit further from an upcoming shareholder meeting scheduled for October 30, which analysts believe could act as a critical catalyst for the company.
CoreWeave’s Key Stakeholders
In examining the ownership structure of CoreWeave, data from TipRanks indicates that public companies and individual investors hold 59.39% of CRWV. This is complemented by other institutional investors and insiders, which collectively own the remaining shares as follows:
- Institutional investors: 18.63%
- Insiders: 17.74%
- ETFs: 2.48%
- Mutual funds: 1.76%
Major Shareholders
Among the largest stakeholders in CoreWeave, CW Opportunity LLC is the foremost with a 7.98% ownership stake. Jack D. Cogen follows as the second-largest shareholder, owning approximately 4.80% of the company. Other notable holders include:
- YieldMax Ultra Option Income Strategy ETF (ULTY): 0.35%
- Vanguard Total Stock Market ETF (VTI): 0.29%
- Vanguard Index Funds: 0.94%
- J.P. Morgan Mutual Fund Investment Trust: 0.26%
Is CoreWeave a Strong Buy?
Wall Street analysts present a Moderate Buy consensus for CRWV. This rating is based on a distribution of 16 Buys, 10 Holds, and two Sells recorded over the past three months. The average price target for CoreWeave shares stands at $147.50, suggesting a potential upside of 9.43% from current levels.
