Armstrong Advisory Group Inc. Purchases New Position in CoreWeave Inc. $CRWV

Key Points

• Armstrong Advisory Group Inc. has acquired 1,918 shares of CoreWeave Inc. valued at approximately $313,000, marking a new position for the institutional investor during the second quarter.
• Insider Brian M. Venturo sold 281,250 shares of CoreWeave for about $33.4 million, and the major shareholder Magnetar Financial sold 734,110 shares for around $97.2 million, indicating significant insider movement.
• CoreWeave's stock has been upgraded by several analysts, with Morgan Stanley raising the price target from $58 to $91 and Northland Securities boosting it from $85 to $165, reflecting growing investor interest in the company's potential.

Armstrong Advisory Group Inc. acquired a new position in CoreWeave Inc. (NASDAQ:CRWV - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,918 shares of the company's stock, valued at approximately $313,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Capital Wealth Advisors purchased a new position in shares of CoreWeave during the 2nd quarter valued at approximately $351,000. Farther Finance Advisors LLC purchased a new position in CoreWeave in the second quarter valued at $90,000. SeaCrest Wealth Management LLC acquired a new position in shares of CoreWeave in the second quarter worth about $848,000. Kapstone Financial Advisors LLC acquired a new position in shares of CoreWeave in the second quarter worth about $326,000. Finally, Mandatum Life Insurance Co Ltd purchased a new stake in shares of CoreWeave during the 2nd quarter worth about $285,000.

Insider Activity

In other news, insider Brian M. Venturo sold 281,250 shares of CoreWeave stock in a transaction dated Wednesday, September 17th. The stock was sold at an average price of $118.68, for a total value of $33,378,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Magnetar Financial Llc sold 734,110 shares of the business's stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $132.42, for a total value of $97,210,846.20. Following the transaction, the insider directly owned 360,900 shares of the company's stock, valued at approximately $47,790,378. This represents a 67.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 17,826,137 shares of company stock worth $1,965,482,165.

CoreWeave Trading Up 6.7%

Shares of NASDAQ:CRWV opened at $133.23 on Tuesday. CoreWeave Inc. has a 1 year low of $33.51 and a 1 year high of $187.00. 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 stock's 50-day simple moving average is $111.41.

CoreWeave (NASDAQ:CRWV - Get Free Report) last posted its quarterly 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 business had revenue of $1.21 million for the quarter. CoreWeave'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.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on CRWV shares. Morgan Stanley lifted their price target on CoreWeave from $58.00 to $91.00 and gave the company an "equal weight" rating in a research note on Thursday, July 31st. Northland Securities boosted their price objective on CoreWeave from $85.00 to $165.00 and gave the company an "outperform" rating in a research report on Friday, July 18th. HSBC assumed coverage on CoreWeave in a research note on Wednesday, July 16th. They set a "reduce" rating and a $32.00 target price for the company. HC Wainwright raised shares of CoreWeave from a "neutral" rating to a "buy" rating and set a $180.00 price target on the stock in a research note on Thursday, August 21st. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $116.00 price objective on shares of CoreWeave in a research report on Tuesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, fourteen have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $116.12.

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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