As AI cloud firm CoreWeave rides a surge in demand and a $14.2B Meta deal, a closer look at its ownership reveals which investors are backing the rally
CoreWeave’s Meteoric Rise
CoreWeave (CRWV) stock is up a staggering 264% year-to-date, reflecting explosive growth in high-performance AI cloud computing. The latest fuel to the fire is a $14.2 billion contract with Meta Platforms, positioning CoreWeave as a critical infrastructure partner for running large-scale AI applications.
Analysts remain bullish, maintaining Buy ratings on the stock and pointing to the upcoming October 30 shareholder meeting as a key catalyst for future momentum.
Who Owns CoreWeave?
Ownership of CoreWeave is broadly distributed but dominated by public companies and individual investors, who together hold 59.39% of shares. Other major stakeholder groups include:
- Institutional investors: 18.63%
- Insiders: 17.74%
- ETFs: 2.48%
- Mutual funds: 1.76%
This structure suggests a mix of long-term and opportunistic investors, with notable involvement from both insiders and institutions, signaling confidence in the firm’s future.
Top Shareholders Breakdown
At the top of the list:
- CW Opportunity LLC holds the largest individual stake at 7.98%.
- Jack D. Cogen, a significant individual investor, owns 4.80% of the company.
These positions hint at strong backing from core strategic investors and leadership-aligned entities.
ETF & Mutual Fund Exposure
While ETF and mutual fund ownership is relatively modest, several major names are represented:
Top ETF Holders:
- YieldMax Ultra Option Income Strategy ETF (ULTY): 0.35%
- Vanguard Total Stock Market ETF (VTI): 0.29%
Top Mutual Fund Holders:
- Vanguard Index Funds: 0.94%
- J.P. Morgan Mutual Fund Investment Trust: 0.26%
Though these percentages are small, they underscore growing institutional recognition as CoreWeave scales its AI cloud footprint.
Analyst Outlook: Is CRWV Still a Buy?
Wall Street remains moderately bullish on CoreWeave:
- Consensus rating: Moderate Buy
- Average price target: $147.50
- Implied upside: 9.43% from current levels
Analysts cite continued AI adoption, major deals (like with Meta), and expanding compute capacity as key growth drivers. However, with such a sharp stock price run-up, some caution is warranted regarding valuation risks and execution timelines.
