Veracity Capital LLC Acquires Shares of 3,099 CoreWeave Inc. $CRWV

Key Points

• Veracity Capital LLC purchased 3,099 shares of CoreWeave Inc. (NASDAQ:CRWV) valued at approximately $505,000 during the second quarter.
• Insider Brian M. Venturo sold 281,250 shares for over $25 million, significantly reducing his holdings, while Magnetar Financial LLC also sold a large stake valued at about $24 million.
• CoreWeave's recent earnings report showed a 206.7% year-over-year revenue increase, though it reported a net loss of ($0.27) per share, missing analysts' expectations.

Veracity Capital LLC acquired a new stake in CoreWeave Inc. (NASDAQ:CRWV - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 3,099 shares of the company's stock, valued at approximately $505,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Webster Bank N. A. bought a new position in shares of CoreWeave during the 2nd quarter worth approximately $82,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in CoreWeave in the 2nd quarter valued at $117,000. Wesbanco Bank Inc. acquired a new position in CoreWeave in the second quarter worth $212,000. McAlister Sweet & Associates Inc. acquired a new position in CoreWeave in the second quarter worth $277,000. Finally, Gamco Investors INC. ET AL bought a new stake in shares of CoreWeave during the first quarter worth $318,000.

Insider Buying and Selling at CoreWeave

In other news, Director Jack D. Cogen sold 1,112,004 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $94.69, for a total transaction of $105,295,658.76. Following the completion of the sale, the director owned 12,329,676 shares in the company, valued at $1,167,497,020.44. The trade was a 8.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Magnetar Financial Llc sold 1,271,277 shares of the stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $120.10, for a total value of $152,680,367.70. Following the transaction, the insider owned 378,648 shares in the company, valued at approximately $45,475,624.80. This trade represents a 77.05% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,775,454 shares of company stock valued at $1,334,210,633 in the last three months.

CoreWeave Stock Up 3.0%

Shares of CRWV stock traded up $3.61 on Friday, reaching $125.00. The stock had a trading volume of 22,721,096 shares, compared to its average volume of 21,674,539. CoreWeave Inc. has a 12 month low of $33.51 and a 12 month high of $187.00. The stock's 50-day moving average price is $111.41. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.52 and a current ratio of 0.52.

CoreWeave (NASDAQ:CRWV - Get Free Report) last announced its quarterly earnings results on Tuesday, August 12th. The company reported ($0.27) earnings per share for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.07). The business had revenue of $1.21 million during the quarter. The company's revenue for the quarter was up 206.7% compared to the same quarter last year. CoreWeave has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. HC Wainwright upgraded CoreWeave from a "neutral" rating to a "buy" rating and set a $180.00 target price for the company in a research report on Thursday, August 21st. Barclays increased their price target on CoreWeave from $100.00 to $140.00 and gave the company an "equal weight" rating in a research note on Monday, July 21st. Cantor Fitzgerald reissued an "overweight" rating and issued a $116.00 target price on shares of CoreWeave in a research note on Tuesday. Argus reaffirmed a "buy" rating and issued a $200.00 target price on shares of CoreWeave in a research report on Thursday, August 14th. Finally, Morgan Stanley boosted their price target on shares of CoreWeave from $58.00 to $91.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, CoreWeave currently has an average rating of "Hold" and a consensus target price of $116.12.

CoreWeave Profile

CoreWeave, Inc engages in the powers of the creation and delivery of the intelligence that drives innovation. It offers a solution used by organizations of all sizes that require sophisticated AI computing, from the largest of enterprises to small, well-funded start-ups. The company was founded by Michael Intrator, Brian Venturo, and Brannin McBee on September 21, 2017 and is headquartered in Livingston, NJ.