Belpointe Asset Management LLC acquired a new stake in shares of CoreWeave Inc. (NASDAQ:CRWV - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,140 shares of the company's stock, valued at approximately $349,000.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Chung Wu Investment Group LLC purchased a new position in CoreWeave during the second quarter valued at approximately $755,000. Wealthcare Advisory Partners LLC purchased a new position in CoreWeave during the second quarter valued at approximately $248,000. Apexium Financial LP purchased a new position in CoreWeave during the second quarter valued at approximately $1,044,000. Ameriflex Group Inc. purchased a new position in CoreWeave during the second quarter valued at approximately $188,000. Finally, Fortis Capital Advisors LLC purchased a new position in CoreWeave during the second quarter valued at approximately $349,000.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on the stock. Argus reaffirmed a "buy" rating and set a $200.00 price objective on shares of CoreWeave in a research report on Thursday, August 14th. HC Wainwright upgraded shares of CoreWeave from a "neutral" rating to a "buy" rating and set a $180.00 target price for the company in a research note on Thursday, August 21st. Moffett Nathanson lifted their target price on shares of CoreWeave from $56.00 to $65.00 and gave the company a "neutral" rating in a research note on Tuesday, August 19th. Morgan Stanley lifted their target price on shares of CoreWeave from $58.00 to $91.00 and gave the company an "equal weight" rating in a research note on Thursday, July 31st. Finally, Melius upgraded shares of CoreWeave from a "hold" rating to a "buy" rating and set a $165.00 target price for the company in a research note on Tuesday, September 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $127.64.
Read Our Latest Report on CRWV
Insiders Place Their Bets
In other news, major shareholder Magnetar Financial Llc sold 208,207 shares of the business's stock in a transaction on Friday, October 10th. The shares were sold at an average price of $148.80, for a total value of $30,981,201.60. Following the completion of the sale, the insider directly owned 950,211 shares in the company, valued at approximately $141,391,396.80. The trade was a 17.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael N. Intrator sold 15,174 shares of the business's stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $139.66, for a total transaction of $2,119,200.84. The disclosure for this sale can be found here. Insiders sold 27,601,752 shares of company stock valued at $3,317,675,109 over the last 90 days.
CoreWeave Price Performance
Shares of CoreWeave stock opened at $138.43 on Friday. The firm has a fifty day simple moving average of $114.79 and a 200-day simple moving average of $105.80. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.52 and a current ratio of 0.52. CoreWeave Inc. has a 1-year low of $33.51 and a 1-year high of $187.00.
CoreWeave (NASDAQ:CRWV - Get Free Report) last issued its quarterly earnings data on Tuesday, August 12th. The company reported ($0.27) earnings per share for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.07). The firm 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.
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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