45,604 Shares in CoreWeave Inc. $CRWV Purchased by Virtus Wealth Solutions LLC

Key Points

• Virtus Wealth Solutions LLC has acquired 45,604 shares of CoreWeave Inc., valued at approximately $7,436,000, making it the company's 17th largest position in their portfolio.
• Insider trading activity includes the sale of 310,480 shares by insider Brian M. Venturo, totaling over $42 million, indicating significant movement in the company's stock.
• Analyst ratings for CoreWeave are generally positive, with a consensus rating of "Moderate Buy" and a price target range from $127.64 to $180.00 set by different analysts.

Virtus Wealth Solutions LLC purchased a new stake in shares of CoreWeave Inc. (NASDAQ:CRWV - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 45,604 shares of the company's stock, valued at approximately $7,436,000. CoreWeave makes up approximately 1.5% of Virtus Wealth Solutions LLC's portfolio, making the stock its 17th largest position.

Other institutional investors have also recently added to or reduced their stakes in the company. Chelsea Counsel Co. acquired a new stake in shares of CoreWeave in the second quarter worth about $33,000. SOA Wealth Advisors LLC. boosted its holdings in CoreWeave by 275.0% in the 2nd quarter. SOA Wealth Advisors LLC. now owns 375 shares of the company's stock valued at $61,000 after purchasing an additional 275 shares during the period. Webster Bank N. A. acquired a new stake in CoreWeave during the second quarter worth about $82,000. Western Pacific Wealth Management LP bought a new stake in shares of CoreWeave during the second quarter valued at approximately $82,000. Finally, Farther Finance Advisors LLC acquired a new position in shares of CoreWeave in the second quarter valued at $90,000.

Insider Buying and Selling

In related news, insider Brian M. Venturo sold 310,480 shares of the business's stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $135.67, for a total value of $42,122,821.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Magnetar Financial Llc sold 63,318 shares of the stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $137.63, for a total value of $8,714,456.34. Following the completion of the transaction, the insider 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 disclosure for this sale can be found here. In the last three months, insiders sold 25,225,267 shares of company stock valued at $2,982,927,662.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CRWV shares. Citigroup raised shares of CoreWeave from a "neutral" rating to a "buy" rating and set a $160.00 price target on the stock in a report on Thursday, July 31st. JMP Securities raised CoreWeave from a "market perform" rating to a "market outperform" rating and set a $180.00 target price for the company in a report on Tuesday, September 16th. Wells Fargo & Company upgraded CoreWeave from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $105.00 to $170.00 in a research report on Tuesday, September 23rd. Barclays upped their price target on CoreWeave from $100.00 to $140.00 and gave the company an "equal weight" rating in a research report on Monday, July 21st. Finally, Weiss Ratings reiterated a "sell (d)" rating on shares of CoreWeave in a research note on Saturday, September 27th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $127.64.

CoreWeave Stock Down 3.8%

CRWV stock opened at $128.83 on Wednesday. The company's fifty day simple moving average is $112.79. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 2.79. CoreWeave Inc. has a fifty-two week low of $33.51 and a fifty-two week high of $187.00.

CoreWeave (NASDAQ:CRWV - Get Free Report) last announced its earnings results on Tuesday, August 12th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.07). The firm had revenue of $1.21 million during the quarter. The business's quarterly 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.

About CoreWeave

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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