3,657 Shares in CoreWeave Inc. $CRWV Purchased by Apollon Wealth Management LLC

Key Points

• Apollon Wealth Management LLC has acquired 3,657 shares of CoreWeave Inc., investing approximately $596,000 in the company during the second quarter.
• Analysts have varying ratings for CoreWeave, with Arete upgrading to a "buy" rating and a price target of $180.00, while the consensus rating currently stands at a "Moderate Buy" with an average price target of $127.64.
• Insider trading activity includes substantial sales, with Director Jack D. Cogen selling over 1.1 million shares for around $105 million, representing an 8.27% decrease in their holdings.

Apollon Wealth Management LLC purchased a new position in CoreWeave Inc. (NASDAQ:CRWV - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,657 shares of the company's stock, valued at approximately $596,000.

A number of other institutional investors and hedge funds also recently modified their holdings of CRWV. Chelsea Counsel Co. acquired a new stake in shares of CoreWeave in the second quarter worth approximately $33,000. SOA Wealth Advisors LLC. increased its position in CoreWeave by 275.0% during the second quarter. SOA Wealth Advisors LLC. now owns 375 shares of the company's stock worth $61,000 after purchasing an additional 275 shares during the last quarter. Costello Asset Management INC raised its stake in CoreWeave by 33.3% during the second quarter. Costello Asset Management INC now owns 400 shares of the company's stock worth $65,000 after purchasing an additional 100 shares during the period. Western Pacific Wealth Management LP acquired a new position in shares of CoreWeave in the 2nd quarter valued at $82,000. Finally, Webster Bank N. A. acquired a new position in shares of CoreWeave in the 2nd quarter valued at $82,000.

Wall Street Analyst Weigh In

A number of analysts have recently commented on CRWV shares. 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. Hsbc Global Res upgraded CoreWeave to a "moderate sell" rating in a research note on Thursday, July 17th. Argus restated a "buy" rating and issued a $200.00 price objective on shares of CoreWeave in a report on Thursday, August 14th. Citigroup raised CoreWeave from a "neutral" rating to a "buy" rating and set a $160.00 price objective on the stock in a research note on Thursday, July 31st. Finally, HC Wainwright raised shares of 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. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $127.64.

Insider Buying and Selling at CoreWeave

In related news, Director Jack D. Cogen sold 1,112,004 shares of the firm's stock in a transaction on Tuesday, September 2nd. The shares were 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 directly owned 12,329,676 shares of the company's stock, valued at approximately $1,167,497,020.44. This trade represents a 8.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Magnetar Financial Llc sold 1,451,063 shares of the business's stock in a transaction on Friday, September 19th. The stock was sold at an average price of $125.60, for a total transaction of $182,253,512.80. Following the completion of the transaction, the insider owned 363,631 shares in the company, valued at $45,672,053.60. This represents a 79.96% decrease in their position. The disclosure for this sale can be found here. Insiders sold 28,611,578 shares of company stock valued at $3,464,713,965 over the last 90 days.

CoreWeave Trading Up 1.8%

CRWV stock opened at $141.74 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 stock has a 50-day simple moving average of $116.94 and a 200-day simple moving average of $107.65.

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 business had revenue of $1.21 million during the quarter. CoreWeave's revenue 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 Company 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.

Want to see what other hedge funds are holding CRWV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CoreWeave Inc. (NASDAQ:CRWV - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.