CoreWeave (CRWV), an artificial intelligence (AI)-powered cloud computing company, is set to release its second-quarter results after the market closes today, August 12. Wall Street anticipates a loss per share of $0.23 on revenue of $1.08 billion for the quarter. As the earnings report approaches, many analysts remain cautious, citing concerns such as the stock’s high valuation, elevated debt levels, and heavy reliance on its key customer, Microsoft (MSFT). Since its initial public offering (IPO) at $40, CRWV’s share price has surged 250%, fueled by strong enthusiasm for AI infrastructure firms. With these factors in mind, it’s an opportune moment to review who holds stakes in CoreWeave.
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Now, according to TipRanks’ ownership page, public companies and individual investors own 74.64% of CRWV. They are followed by insiders, mutual funds, ETFs, and other institutional investors at 22.08%, 1.51%, 1.31%, and 0.47%, respectively.
Digging Deeper into CRWV’s Ownership Structure
Looking closely at top shareholders, Jack D. Cogen owns the highest stake in CoreWeave at 9.55%. Following that is CW Opportunity LLC, which owns about 7.99% of the company.
Among the top ETF holders, the Vanguard Total Stock Market ETF (VTI) owns a 0.30% stake in CRWV stock, followed by the Vanguard Mid-Cap ETF (VO), with a 0.21% stake.
Moving to mutual funds, Fidelity Contrafund holds about 0.60% of CRWV. Meanwhile, J.P. Morgan Mutual Fund Investment Trust owns 0.26% of the company.
Is CRWV a Good Stock to Buy?
Overall, Wall Street has a Hold consensus rating on CoreWeave stock based on six Buys, 14 Holds, and two Sell recommendations. The average CRWV stock price target of $108.17 indicates about 22.6% possible downside from current levels.
