CoreWeave (CRWV) stock has increased by 264% this year, driven by high demand for its computing services and significant contracts, including a $14.2 billion agreement with Meta Platforms (META) for AI application support. Following the deal, analysts maintained their Buy ratings for the stock.
CoreWeave’s Strong Financial Backing
CoreWeave will hold its shareholder meeting on October 30, which analysts believe could be a significant event for the company. Understanding the ownership structure can provide insights into its financial stability.
According to TipRanks, public companies and individual investors own 59.39% of CRWV. Other ownership comprises institutional investors at 18.63%, insiders at 17.74%, ETFs at 2.48%, and mutual funds at 1.76%.
Key Shareholders and Analysts’ Opinions
CW Opportunity LLC holds the largest stake in CoreWeave at 7.98%, followed by Jack D. Cogen, who owns approximately 4.80% of the company. In the ETF space, the YieldMax Ultra Option Income Strategy ETF (ULTY) owns 0.35% of CRWV.
Vanguard Total Stock Market ETF (VTI) has a 0.29% stake, while Vanguard Index Funds owns about 0.94% and J.P. Morgan Mutual Fund Investment Trust holds 0.26% of CoreWeave.
Analysts Rate CoreWeave Stock
Wall Street analysts have a Moderate Buy consensus for CRWV stock, based on 16 Buys, 10 Holds, and two Sells in the last three months. The average target price for CoreWeave is $147.50 per share, indicating a potential upside of 9.43%.
This rating suggests that analysts expect the stock to perform well in the future.
