Gamco Investors INC. ET AL Takes Position in CoreWeave Inc. $CRWV

Key Points

• Gamco Investors INC. acquired 8,575 shares of CoreWeave Inc. in Q1, valued at approximately $318,000.
• Major shareholder Magnetar Financial LLC sold 915,339 shares at an average price of $103.17, significantly reducing their position by nearly 70%.
• CoreWeave reported a loss of ($0.27) EPS for the last quarter, missing the estimate, but its revenue surged by 206.7% compared to the same quarter last year.

Gamco Investors INC. ET AL acquired a new position in CoreWeave Inc. (NASDAQ:CRWV - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 8,575 shares of the company's stock, valued at approximately $318,000.

CoreWeave Price Performance

Shares of CoreWeave stock traded up $0.25 during midday trading on Friday, hitting $103.04. 23,912,054 shares of the company were exchanged, compared to its average volume of 27,309,926. The company has a debt-to-equity ratio of 2.79, a current ratio of 0.52 and a quick ratio of 0.52. CoreWeave Inc. has a 52 week low of $33.51 and a 52 week high of $187.00. The firm has a 50 day simple moving average of $126.36.

CoreWeave (NASDAQ:CRWV - Get Free Report) last posted 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 company had revenue of $1.21 million during the quarter. The company'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.

Insider Transactions at CoreWeave

In other CoreWeave news, insider Brian M. Venturo sold 324,312 shares of CoreWeave stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $88.10, for a total value of $28,571,887.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brannin Mcbee sold 375,000 shares of CoreWeave stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $91.71, for a total value of $34,391,250.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,277,218 shares of company stock worth $516,266,664.

Analyst Ratings Changes

A number of analysts have commented on 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 research report on Thursday, August 21st. The Goldman Sachs Group raised their price objective on CoreWeave from $54.00 to $61.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. JPMorgan Chase & Co. raised their price objective on CoreWeave from $43.00 to $66.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Citigroup upgraded CoreWeave from a "neutral" rating to a "buy" rating and set a $160.00 price objective for the company in a research report on Thursday, July 31st. Finally, Macquarie raised their price objective on CoreWeave from $65.00 to $115.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, fifteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $107.45.

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.