Add as a preferred source on GoogleARK Invest Buys CoreWeave Shares as Stock Falls 15.46%, Sells Palantir
CoreWeave closed at $65.78 as September CPI rose 3.7% year over year. The company had $35.068 billion in debt and about $104 billion in revenue backlog as of June 30.
ARK Invest bought 188,665 shares of CoreWeave (CRWV) and sold 31,432 shares of Palantir Technologies (PLTR) on Wednesday, Oct. 14, as CoreWeave’s stock fell 15.46%.
CoreWeave ended at $65.78 at 4 p.m. ET (20:00 UTC). September’s all-items Consumer Price Index (CPI) was 3.7% above its level a year earlier, compared with a 3.4% annual increase through August. The September figures were released at 8:30 a.m. ET (12:30 UTC) on Oct. 14.
CoreWeave’s obligations on June 30 included $35.068 billion in debt, $16.319 billion in operating lease liabilities and $221 million in finance lease liabilities. Its revenue backlog was about $104 billion at that date, excluding more than $25 billion in net new customer commitments added in early Q3. The backlog includes expected amounts under committed contracts, subject to service delivery and availability requirements.
ARK’s Oct. 8 trades included sales of SpaceX and Advanced Micro Devices (AMD) shares and a purchase of Kratos Defense & Security Solutions shares.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.