4,630 Shares in CoreWeave Inc. $CRWV Bought by Chung Wu Investment Group LLC

Key Points

• Chung Wu Investment Group LLC has acquired 4,630 shares of CoreWeave Inc., valued at approximately $755,000, making it the company's 29th biggest holding.
• Other institutional investors, including Cisco Systems Inc. and Sivia Capital Partners LLC, have also made significant new investments in CoreWeave during the second quarter, contributing to growing institutional interest.
• Current analyst ratings show a mixed outlook, with CoreWeave receiving a consensus rating of "Moderate Buy" and an average target price of $127.64, indicating potential for growth.

Chung Wu Investment Group LLC bought a new stake in CoreWeave Inc. (NASDAQ:CRWV - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 4,630 shares of the company's stock, valued at approximately $755,000. CoreWeave accounts for approximately 0.8% of Chung Wu Investment Group LLC's portfolio, making the stock its 29th biggest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cisco Systems Inc. acquired a new stake in shares of CoreWeave in the second quarter valued at about $173,493,000. Sivia Capital Partners LLC purchased a new position in CoreWeave in the second quarter valued at about $39,824,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of CoreWeave during the 2nd quarter valued at approximately $6,992,000. Renaissance Capital LLC purchased a new stake in shares of CoreWeave during the 2nd quarter worth approximately $5,131,000. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of CoreWeave in the 1st quarter worth approximately $963,000.

Insider Buying and Selling at CoreWeave

In other news, major shareholder Magnetar Financial Llc sold 149,524 shares of the company's stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $138.20, for a total value of $20,664,216.80. Following the completion of the sale, the insider directly owned 1,005,811 shares of the company's stock, valued at approximately $139,003,080.20. This represents a 12.94% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Brannin Mcbee sold 157,903 shares of the business's stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $138.59, for a total value of $21,883,776.77. Following the completion of the sale, the insider directly owned 185,181 shares in the company, valued at $25,664,234.79. This represents a 46.02% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,442,080 shares of company stock worth $2,734,572,109.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Northland Securities boosted their target price on CoreWeave from $85.00 to $165.00 and gave the stock an "outperform" rating in a research report on Friday, July 18th. Barclays boosted their price objective on shares of CoreWeave from $100.00 to $140.00 and gave the stock an "equal weight" rating in a research report on Monday, July 21st. Hsbc Global Res upgraded shares of CoreWeave to a "moderate sell" rating in a research report on Thursday, July 17th. Wells Fargo & Company upgraded CoreWeave from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $105.00 to $170.00 in a research report on Tuesday, September 23rd. Finally, Melius Research set a $165.00 price target on CoreWeave and gave the stock a "buy" rating in a report on Tuesday, September 23rd. Two equities research 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 company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $127.64.

CoreWeave Stock Performance

Shares of NASDAQ:CRWV opened at $134.79 on Monday. CoreWeave Inc. has a 12-month low of $33.51 and a 12-month high of $187.00. The company has a debt-to-equity ratio of 2.79, a current ratio of 0.52 and a quick ratio of 0.52. The stock has a fifty day moving average of $111.91.

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

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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