ARK Investment Management Adds $62M in CoreWeave, Inc. ($CRWV)
Key Points
- ARK Investment Management changed its CoreWeave, Inc. ($CRWV) stake by 31.9% last quarter, boosting to 2,538,125 shares worth $255.18 million.
- Wall Street's consensus rating on $CRWV is Buy and an average price target of $140.18.
- $CRWV last traded around $100.54.
ARK Investment Management increased its position in CoreWeave, Inc. ($CRWV) by 31.9% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,538,125 shares of CoreWeave, Inc. after buying 613,869 shares during the quarter. ARK Investment Management's holdings in CoreWeave, Inc. were worth $255.18 million as of its most recent filing.
CoreWeave, Inc. ($CRWV) Stock
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About CoreWeave, Inc.
CoreWeave, Inc. operates as a cloud infrastructure technology company in the United States. The company offers CoreWeave Cloud platform that comprises proprietary software and cloud services that deliver the automation and efficiency needed to manage complex artificial intelligence (AI) infrastructure at scale. It also offers data and storage solutions, such as Local Object Transport Accelerator; infrastructure control solutions, including CoreWeave Kubernetes service; mission control services, including node, rack, and fleet lifecycle management; model and agent development tools comprising Weights & Biases, an AI developer platform; and runtime acceleration. In addition, the company offers graphics processing unit compute, CPU compute, networking services, managed services, and virtual and bare metal servers. Its services also include visual effects rendering, machine learning, pixel streaming, and batch processing. The company was formerly known as Atlantic Crypto Corporation and changed its name to CoreWeave, Inc. in December 2019. CoreWeave, Inc. was incorporated in 2017 and is based in Livingston, New Jersey.
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