CoreWeave (CRWV) stock jumped about 11% on Friday after the neocloud company announced a multi-year agreement with AI startup Anthropic to power its Claude AI models. Also, CRWV shares rose 3.5% on Thursday following the announcement of an expanded, long-term agreement with social media giant Meta Platforms (META) to provide AI cloud capacity through December 2032 for about $21 billion. CRWV shares have gained more than 42% year-to-date.
Claim 55% Off TipRanks
New trading tool for CRWV bullsThe AI-powered cloud company is seeing strong demand as high-performance infrastructure is required to run complex, large-scale AI workloads. While some analysts expect CoreWeave to benefit from continued AI-led demand, others are skeptical due to several reasons, including the development of their own AI infrastructure by large tech companies.
Now, according to TipRanks’ Ownership Tool, other institutional investors own 37.78% of CoreWeave. They are followed by insiders, public companies and individual investors, exchange-traded funds (ETFs), and mutual funds at 23.66%, 15.25%, 14.31%, and 9%, respectively.
Digging Deeper into CoreWeave’s Ownership Structure
Looking closely at the top shareholders, Magnetar Financial LLC owns the highest stake in CoreWeave at 11.24%, followed by CW Opportunity LLC with a 7.05% holding.
Among the top ETF holders, Vanguard Total Stock Market ETF (VTI) owns a 2.33% stake in CRWV, while Vanguard Mid-Cap ETF (VO) holds 1.60%. Also, Vanguard Growth ETF (VUG) holds 0.96% of CoreWeave.
Moving to mutual funds, Vanguard Index Funds holds 6.17% of CoreWeave. Meanwhile, Fidelity Mt. Vernon Street Trust owns 0.62% of the AI infrastructure company.
Is CRWV Stock a Good Buy?
Overall, Wall Street has a Moderate Buy consensus rating on CoreWeave stock based on 13 Buys, eight Holds, and one Sell recommendation. The average CRWV stock price target of $115.10 indicates about 13% upside potential from current levels.
