4,200 Shares in CoreWeave Inc. $CRWV Acquired by Pier 88 Investment Partners LLC

Key Points

• Pier 88 Investment Partners LLC opened a new position in CoreWeave (CRWV) in Q2, buying 4,200 shares valued at about $685,000.
• Major institutions also moved in or increased exposure — most notably Cisco Systems bought a new stake worth roughly $173.5 million, with additional large purchases from Sivia Capital, Sumitomo Mitsui Trust, CWM and Carnegie.
• At the same time, insiders have been heavy sellers: Brian M. Venturo sold 29,916 shares (~$3.83M) and insiders have disposed of about 36.74 million shares valued at roughly $4.59 billion over the past 90 days.

Pier 88 Investment Partners LLC purchased a new position in shares of CoreWeave Inc. (NASDAQ:CRWV - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 4,200 shares of the company's stock, valued at approximately $685,000.

Several other institutional investors also recently made changes to their positions in CRWV. Cisco Systems Inc. purchased a new position in shares of CoreWeave in the 2nd quarter worth $173,493,000. Sivia Capital Partners LLC purchased a new stake in CoreWeave during the second quarter valued at about $39,824,000. Sumitomo Mitsui Trust Group Inc. acquired a new stake in CoreWeave during the second quarter worth about $34,284,000. CWM LLC increased its stake in CoreWeave by 283.0% during the second quarter. CWM LLC now owns 166,663 shares of the company's stock worth $27,176,000 after acquiring an additional 123,147 shares during the last quarter. Finally, Carnegie Investment Counsel purchased a new position in shares of CoreWeave in the 2nd quarter worth about $15,073,000.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on CRWV shares. Hsbc Global Res raised shares of CoreWeave to a "moderate sell" rating in a research report on Thursday, July 17th. Melius Research set a $165.00 price objective on shares of CoreWeave and gave the stock a "buy" rating in a research note on Tuesday, September 23rd. Morgan Stanley raised their target price on shares of CoreWeave from $58.00 to $91.00 and gave the company an "equal weight" rating in a research note on Thursday, July 31st. HSBC began coverage on shares of CoreWeave in a report on Wednesday, July 16th. They set a "reduce" rating and a $32.00 target price on the stock. Finally, Evercore ISI began coverage on CoreWeave in a report on Tuesday, September 30th. They issued an "outperform" rating and a $175.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat.com, CoreWeave currently has a consensus rating of "Moderate Buy" and an average target price of $129.71.

CoreWeave Trading Down 2.7%

NASDAQ CRWV opened at $104.01 on Friday. The stock has a market cap of $50.82 billion and a P/E ratio of -91.24. The company's fifty day simple moving average is $123.37 and its 200-day simple moving average is $117.52. 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 52 week low of $33.51 and a 52 week high of $187.00.

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 company had revenue of $1.21 million for 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.

Insiders Place Their Bets

In other news, insider Brian M. Venturo sold 29,916 shares of CoreWeave stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $127.94, for a total transaction of $3,827,453.04. Following the sale, the insider directly owned 215,486 shares of the company's stock, valued at approximately $27,569,278.84. The trade was a 12.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Magnetar Financial Llc sold 7,688 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $134.94, for a total value of $1,037,418.72. Following the completion of the transaction, the insider directly owned 299,512 shares of the company's stock, valued at $40,416,149.28. This represents a 2.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 36,743,427 shares of company stock valued at $4,592,624,537 over the last ninety days.

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.

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