Almanack Investment Partners LLC. bought a new stake in CoreWeave Inc. (NASDAQ:CRWV - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 2,185 shares of the company's stock, valued at approximately $356,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Chelsea Counsel Co. purchased a new stake in CoreWeave in the 2nd quarter valued at approximately $33,000. SOA Wealth Advisors LLC. lifted its stake 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 buying an additional 275 shares in the last quarter. Costello Asset Management INC lifted its stake in CoreWeave by 33.3% in the 2nd quarter. Costello Asset Management INC now owns 400 shares of the company's stock valued at $65,000 after buying an additional 100 shares in the last quarter. Western Pacific Wealth Management LP purchased a new stake in CoreWeave in the 2nd quarter valued at approximately $82,000. Finally, Webster Bank N. A. purchased a new stake in CoreWeave in the 2nd quarter valued at approximately $82,000.
Insiders Place Their Bets
In other news, major shareholder Magnetar Financial Llc sold 208,207 shares of the company's stock in a transaction on Friday, October 10th. The stock was sold at an average price of $148.80, for a total transaction of $30,981,201.60. Following the completion of the sale, the insider directly owned 950,211 shares in the company, valued at $141,391,396.80. This represents a 17.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Michael N. Intrator sold 15,174 shares of the company's stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $139.66, for a total value of $2,119,200.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,601,752 shares of company stock valued at $3,317,675,109.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on CRWV shares. Bank of America reduced their target price on CoreWeave from $185.00 to $168.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 13th. Melius Research set a $165.00 price target on CoreWeave and gave the company a "buy" rating in a report on Tuesday, September 23rd. Seaport Res Ptn upgraded CoreWeave to a "hold" rating in a report on Monday, September 15th. Arete Research upgraded CoreWeave from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 21st. Finally, HSBC initiated coverage on CoreWeave in a report on Wednesday, July 16th. They issued a "reduce" rating and a $32.00 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 issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $127.64.
Read Our Latest Report on CRWV
CoreWeave Stock Down 3.2%
CRWV stock opened at $138.43 on Monday. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.52 and a current ratio of 0.52. The business has a fifty day simple moving average of $114.79 and a 200-day simple moving average of $105.80. 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 data on Tuesday, August 12th. The company reported ($0.27) EPS for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.07). The firm had revenue of $1.21 million during the quarter. The company's revenue for the quarter 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 Profile
(
Free Report)
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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