Free Trial

Axxcess Wealth Management LLC Buys New Shares in CoreWeave Inc. $CRWV

CoreWeave logo with Computer and Technology background

Key Points

  • Axxcess Wealth Management LLC purchased 2,000 shares of CoreWeave Inc., valued at approximately $326,000, marking its entry into the company's stock during the second quarter.
  • CoreWeave's shares have received several analyst upgrades, with Arete raising its rating to "buy" and setting a price target of $180.00, while other analysts have given diverse ratings and target prices.
  • Insider trading revealed substantial sales, with major shareholder Magnetar Financial selling over 18,000 shares at an average price of $136.62, indicating ongoing trading activity among insiders.
  • Five stocks to consider instead of CoreWeave.

Axxcess Wealth Management LLC bought a new stake in CoreWeave Inc. (NASDAQ:CRWV - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,000 shares of the company's stock, valued at approximately $326,000.

A number of other institutional investors have also recently bought and sold shares of CRWV. Cisco Systems Inc. purchased a new stake in CoreWeave in the second quarter valued at approximately $173,493,000. Sivia Capital Partners LLC purchased a new stake in CoreWeave in the second quarter valued at approximately $39,824,000. CWM LLC grew its holdings in CoreWeave by 283.0% in the second quarter. CWM LLC now owns 166,663 shares of the company's stock valued at $27,176,000 after purchasing an additional 123,147 shares during the period. Virtus Wealth Solutions LLC purchased a new stake in CoreWeave in the second quarter valued at approximately $7,436,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in CoreWeave during the second quarter worth approximately $6,992,000.

Analyst Upgrades and Downgrades

CRWV has been the subject of several research reports. Arete upgraded shares of CoreWeave from a "neutral" rating to a "buy" rating and set a $180.00 price objective for the company in a research note on Thursday, August 21st. Moffett Nathanson boosted their price objective on shares of CoreWeave from $56.00 to $65.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 19th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of CoreWeave in a research note on Wednesday, August 13th. Macquarie boosted their price objective on shares of CoreWeave from $115.00 to $140.00 and gave the stock a "neutral" rating in a research note on Monday, September 29th. Finally, Mizuho reiterated a "neutral" rating and set a $150.00 price objective (up from $70.00) on shares of CoreWeave in a research note on Tuesday, July 8th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eleven have assigned a Hold rating and three have given a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $127.64.

Get Our Latest Stock Report on CRWV

Insider Buying and Selling at CoreWeave

In related news, major shareholder Magnetar Financial Llc sold 18,371 shares of the company's stock in a transaction on Friday, October 17th. The shares were sold at an average price of $136.62, for a total value of $2,509,846.02. Following the sale, the insider directly owned 903,175 shares of the company's stock, valued at $123,391,768.50. This represents a 1.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Brian M. Venturo sold 154,479 shares of the company's stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $138.47, for a total transaction of $21,390,707.13. The disclosure for this sale can be found here. Insiders sold 32,203,750 shares of company stock worth $3,972,578,697 over the last ninety days.

CoreWeave Price Performance

NASDAQ CRWV opened at $136.87 on Friday. The company's fifty day simple moving average is $117.09 and its 200-day simple moving average is $108.55. CoreWeave Inc. has a 52 week low of $33.51 and a 52 week 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.

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 for the quarter. The firm'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.

About CoreWeave

(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.

Further Reading

Want to see what other hedge funds are holding CRWV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CoreWeave Inc. (NASDAQ:CRWV - Free Report).

Institutional Ownership by Quarter for CoreWeave (NASDAQ:CRWV)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in CoreWeave Right Now?

Before you consider CoreWeave, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CoreWeave wasn't on the list.

While CoreWeave currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

These 7 Stocks Will Be Magnificent in 2025 Cover

Discover the next wave of investment opportunities with our report, 7 Stocks That Will Be Magnificent in 2025. Explore companies poised to replicate the growth, innovation, and value creation of the tech giants dominating today's markets.

Get This Free Report
Like this article? Share it with a colleague.