Apexium Financial LP Buys New Stake in CoreWeave Inc. $CRWV

Key Points

• Apexium Financial LP has acquired a new stake in CoreWeave Inc. during the 2nd quarter, purchasing 6,400 shares valued at approximately $1,044,000.
• CoreWeave reported earnings of ($0.27) per share, missing the consensus estimate and showing a 206.7% increase in quarterly revenue compared to the same period last year.
• Multiple brokerages have set variable price targets for CoreWeave, with Barclays increasing theirs to $140.00 and HC Wainwright upgrading the rating to "buy" with a price target of $180.00.

Apexium Financial LP purchased a new stake in shares of CoreWeave Inc. (NASDAQ:CRWV - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 6,400 shares of the company's stock, valued at approximately $1,044,000.

Other hedge funds also recently modified their holdings of the company. Chelsea Counsel Co. acquired a new position in shares of CoreWeave during the 2nd quarter valued at $33,000. SOA Wealth Advisors LLC. increased its position in shares of CoreWeave by 275.0% during 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. Western Pacific Wealth Management LP acquired a new position in shares of CoreWeave during the 2nd quarter valued at $82,000. Webster Bank N. A. acquired a new position in shares of CoreWeave during the 2nd quarter valued at $82,000. Finally, Farther Finance Advisors LLC acquired a new position in shares of CoreWeave during the 2nd quarter valued at $90,000.

CoreWeave Price Performance

CRWV opened at $134.79 on Friday. 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's fifty day moving average is $111.91. 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 released its quarterly earnings data on Tuesday, August 12th. The company reported ($0.27) earnings per share 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% compared to the same quarter last year. CoreWeave has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

Insider Transactions at CoreWeave

In other news, insider Brannin Mcbee sold 157,903 shares of the firm'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 owned 185,181 shares of the company's stock, valued at $25,664,234.79. This trade represents a 46.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Brian M. Venturo sold 310,480 shares of the firm's stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $135.67, for a total value of $42,122,821.60. The disclosure for this sale can be found here. Insiders sold a total of 23,442,080 shares of company stock valued at $2,734,572,109 over the last quarter.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CRWV. Barclays lifted 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. HSBC began coverage on CoreWeave in a research report on Wednesday, July 16th. They set a "reduce" rating and a $32.00 price target on the stock. HC Wainwright upgraded CoreWeave from a "neutral" rating to a "buy" rating and set a $180.00 price target on the stock in a research report on Thursday, August 21st. Arete Research raised CoreWeave from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 21st. Finally, Macquarie raised their price objective on CoreWeave from $115.00 to $140.00 and gave the stock a "neutral" rating in a research note on Monday, September 29th. Two investment 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. Based on data from MarketBeat.com, CoreWeave has a consensus rating of "Moderate Buy" and a consensus target price of $127.64.

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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