Cetera Investment Advisers Invests $9.35 Million in CoreWeave Inc. $CRWV

Key Points

• Cetera Investment Advisers opened a new position in CoreWeave (NASDAQ:CRWV), buying 57,321 shares valued at about $9.35 million in the second quarter.
• Significant insider selling has occurred recently: Director Jack D. Cogen sold 1,112,004 shares (~$105.3M) and Magnetar sold 1,451,063 shares (~$182.3M), with insiders offloading 33,685,533 shares worth roughly $4.29B in the past 90 days.
• CoreWeave beat Q results (EPS ($0.22) vs. ($0.36) expected; revenue $1.36B vs. $1.28B, up 133.7% YoY), but the stock trades well below its 50/200-day averages and analysts have cut targets — consensus rating is Moderate Buy with an average price target of $130.14.

Cetera Investment Advisers purchased a new position in shares of CoreWeave Inc. (NASDAQ:CRWV - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 57,321 shares of the company's stock, valued at approximately $9,347,000.

A number of other institutional investors have also recently bought and sold shares of CRWV. Chelsea Counsel Co. bought a new position in shares of CoreWeave during the 2nd quarter worth approximately $33,000. Chilton Capital Management LLC acquired a new stake in CoreWeave during the 2nd quarter valued at $39,000. Montag A & Associates Inc. bought a new position in CoreWeave during the second quarter worth $49,000. SOA Wealth Advisors LLC. increased its holdings in shares of CoreWeave by 275.0% in the second 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 last quarter. Finally, Atlantic Union Bankshares Corp bought a new position in shares of CoreWeave in the second quarter valued at about $61,000.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CRWV. Seaport Res Ptn upgraded shares of CoreWeave to a "hold" rating in a research note on Monday, September 15th. Jefferies Financial Group decreased their target price on CoreWeave from $180.00 to $155.00 and set a "buy" rating on the stock in a research report on Tuesday, November 11th. Wells Fargo & Company dropped their price target on CoreWeave from $170.00 to $150.00 and set an "overweight" rating for the company in a report on Wednesday, November 12th. Mizuho reduced their price target on CoreWeave from $150.00 to $120.00 and set a "neutral" rating for the company in a research note on Tuesday, November 11th. Finally, Moffett Nathanson increased their price objective on CoreWeave from $56.00 to $65.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 19th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $130.14.

Insider Transactions at CoreWeave

In other news, Director Jack D. Cogen sold 1,112,004 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $94.69, for a total transaction of $105,295,658.76. Following the completion of the sale, the director owned 12,329,676 shares of the company's stock, valued at approximately $1,167,497,020.44. This represents a 8.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Magnetar Financial Llc sold 1,451,063 shares of the stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $125.60, for a total transaction of $182,253,512.80. Following the sale, the insider owned 363,631 shares in the company, valued at $45,672,053.60. This represents a 79.96% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 33,685,533 shares of company stock valued at $4,289,381,690.

CoreWeave Trading Up 3.5%

Shares of NASDAQ:CRWV opened at $71.65 on Friday. The business's 50 day simple moving average is $119.43 and its 200 day simple moving average is $119.50. 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 2.66, a current ratio of 0.49 and a quick ratio of 0.49. The company has a market capitalization of $27.69 billion and a P/E ratio of -49.41.

CoreWeave (NASDAQ:CRWV - Get Free Report) last released its earnings results on Monday, November 10th. The company reported ($0.22) earnings per share for the quarter, beating analysts' consensus estimates of ($0.36) by $0.14. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.28 billion. The business's revenue was up 133.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($1.82) earnings per share. CoreWeave has set its FY 2025 guidance at EPS.

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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