3,160 Shares in CoreWeave Inc. $CRWV Purchased by Kingswood Wealth Advisors LLC

Key Points

• Kingswood Wealth Advisors LLC purchased 3,160 shares of CoreWeave Inc. (NASDAQ:CRWV) in Q2, valued at approximately $515,000.
• Major shareholder Magnetar Financial LLC sold 63,318 shares at an average price of $137.63, resulting in a transaction worth about $8.7 million.
• CoreWeave's stock has experienced varied analyst ratings, with targets ranging from $32.00 to $180.00, and an average consensus rating of "Moderate Buy".

Kingswood Wealth Advisors LLC purchased a new position in shares of CoreWeave Inc. (NASDAQ:CRWV - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 3,160 shares of the company's stock, valued at approximately $515,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of CRWV. Gamco Investors INC. ET AL bought a new position in CoreWeave during the first quarter worth about $318,000. Goldman Sachs Group Inc. bought a new position in CoreWeave during the first quarter worth about $963,000. Howard Financial Services LTD. bought a new position in CoreWeave during the second quarter worth about $489,000. McAlister Sweet & Associates Inc. bought a new position in CoreWeave during the second quarter worth about $277,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in CoreWeave during the second quarter worth about $117,000.

Insider Activity

In other CoreWeave news, major shareholder Magnetar Financial Llc sold 63,318 shares of the business's stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $137.63, for a total transaction of $8,714,456.34. Following the completion of the transaction, the insider directly owned 339,232 shares in the company, valued at $46,688,500.16. The trade was a 15.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael N. Intrator sold 15,174 shares of the business's stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $139.66, for a total transaction of $2,119,200.84. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,422,319 shares of company stock worth $3,009,610,759.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. HSBC assumed coverage on CoreWeave in a report on Wednesday, July 16th. They set a "reduce" rating and a $32.00 price target for the company. HC Wainwright upgraded CoreWeave from a "neutral" rating to a "buy" rating and set a $180.00 price objective for the company in a report on Thursday, August 21st. Arete upgraded CoreWeave from a "neutral" rating to a "buy" rating and set a $180.00 price objective for the company in a report on Thursday, August 21st. Cantor Fitzgerald restated an "overweight" rating and set a $116.00 price objective on shares of CoreWeave in a report on Tuesday, September 16th. Finally, Melius upgraded CoreWeave from a "hold" rating to a "buy" rating and set a $165.00 price objective for the company in a report on Tuesday, September 23rd. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $127.64.

CoreWeave Stock Up 2.2%

NASDAQ CRWV opened at $143.08 on Friday. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 2.79. CoreWeave Inc. has a 1-year low of $33.51 and a 1-year high of $187.00. The company has a 50 day moving average of $114.11 and a 200-day moving average of $105.57.

CoreWeave (NASDAQ:CRWV - Get Free Report) last released 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 firm had revenue of $1.21 million for the quarter. CoreWeave's revenue for the quarter was up 206.7% on a year-over-year basis. CoreWeave has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

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.

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