Castle Rock Wealth Management LLC Purchases New Position in CoreWeave Inc. $CRWV

Key Points

• Castle Rock Wealth Management LLC has acquired a new position in CoreWeave Inc. by purchasing 3,070 shares, valued at approximately $501,000.
• Various hedge funds have also recently invested in CoreWeave, with Goldman Sachs Group Inc. buying a stake worth $963,000 in the first quarter.
• Analysts have set multiple price targets for CRWV shares, with Raymond James setting a target of $130.00 and Arete raising it to $180.00.

Castle Rock Wealth Management LLC bought a new position in shares of CoreWeave Inc. (NASDAQ:CRWV - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,070 shares of the company's stock, valued at approximately $501,000.

A number of other hedge funds also recently bought and sold shares of CRWV. Gamco Investors INC. ET AL purchased a new stake in CoreWeave during the first quarter worth $318,000. Goldman Sachs Group Inc. purchased a new stake in CoreWeave during the first quarter worth $963,000. Howard Financial Services LTD. purchased a new stake in CoreWeave during the second quarter worth $489,000. McAlister Sweet & Associates Inc. purchased a new stake in CoreWeave during the second quarter worth $277,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in CoreWeave during the second quarter worth $117,000.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on CRWV shares. Raymond James Financial started coverage on CoreWeave in a research report on Monday, September 15th. They set an "outperform" rating and a $130.00 price target on the stock. Arete raised 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. Morgan Stanley upped their price target on CoreWeave from $58.00 to $91.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. Melius raised CoreWeave from a "hold" rating to a "buy" rating and set a $165.00 price target on the stock in a research report on Tuesday, September 23rd. Finally, Arete Research raised CoreWeave from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 21st. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $127.64.

CoreWeave Stock Up 8.7%

NASDAQ CRWV opened at $139.98 on Thursday. 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 price is $113.53 and its 200 day moving average price is $105.30. 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 released its 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 during the quarter. CoreWeave'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.

Insider Activity

In other CoreWeave news, insider Brian M. Venturo sold 52,787 shares of the stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $137.90, for a total transaction of $7,279,327.30. Following the sale, the insider directly owned 248,722 shares of the company's stock, valued at approximately $34,298,763.80. This trade represents a 17.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Magnetar Financial Llc sold 63,318 shares of the stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $137.63, for a total value of $8,714,456.34. Following the sale, the insider directly owned 339,232 shares in the company, valued at $46,688,500.16. This represents a 15.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,278,054 shares of company stock worth $2,990,206,989 over the last ninety days.

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.

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).

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.