Elite Wealth Management Inc. Acquires New Shares in CoreWeave Inc. $CRWV

Key Points

• Elite Wealth Management Inc. has acquired 2,597 shares of CoreWeave Inc., valued at approximately $423,000, making it the firm's 26th largest position.
• Significant insider transactions include Director Jack D. Cogen selling over 1.1 million shares, reducing his ownership by 8.27%, and Magnetar Financial LLC selling 1.45 million shares, leading to a 79.96% decrease in their stake.
• A number of analysts have recently upgraded their ratings on CoreWeave, with Macquarie and Barclays raising target prices to $140.00, indicating a positive outlook on the stock.

Elite Wealth Management Inc. acquired a new stake in shares of CoreWeave Inc. (NASDAQ:CRWV - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 2,597 shares of the company's stock, valued at approximately $423,000. CoreWeave makes up 0.1% of Elite Wealth Management Inc.'s portfolio, making the stock its 26th biggest position.

Several other hedge funds also recently modified their holdings of the company. Cisco Systems Inc. acquired a new stake in shares of CoreWeave during the 2nd quarter valued at $173,493,000. Sivia Capital Partners LLC acquired a new position in CoreWeave during the 2nd quarter valued at about $39,824,000. Virtus Wealth Solutions LLC acquired a new position in CoreWeave during the 2nd quarter valued at about $7,436,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in CoreWeave during the 2nd quarter valued at about $6,992,000. Finally, Renaissance Capital LLC acquired a new position in CoreWeave during the 2nd quarter valued at about $5,131,000.

Insider Transactions at CoreWeave

In other news, Director Jack D. Cogen sold 1,112,004 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $94.69, for a total transaction of $105,295,658.76. Following the transaction, the director directly owned 12,329,676 shares of the company's stock, valued at approximately $1,167,497,020.44. This trade represents a 8.27% 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, major shareholder Magnetar Financial Llc sold 1,451,063 shares of the firm's stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $125.60, for a total value of $182,253,512.80. Following the transaction, the insider directly owned 363,631 shares in the company, valued at $45,672,053.60. This trade represents a 79.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,422,319 shares of company stock worth $3,009,610,759 over the last ninety days.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Macquarie boosted their target price on CoreWeave from $115.00 to $140.00 and gave the stock a "neutral" rating in a research note on Monday, September 29th. Raymond James Financial began coverage on CoreWeave in a research report on Monday, September 15th. They set an "outperform" rating and a $130.00 target price on the stock. Barclays increased their price objective on CoreWeave from $100.00 to $140.00 and gave the stock an "equal weight" rating in a research report on Monday, July 21st. Hsbc Global Res upgraded CoreWeave to a "moderate sell" rating in a research report on Thursday, July 17th. Finally, Melius upgraded CoreWeave from a "hold" rating to a "buy" rating and set a $165.00 price objective on the stock in a research report on Tuesday, September 23rd. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $127.64.

CoreWeave Stock Performance

CRWV opened at $143.08 on Friday. 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 Inc. has a 52 week low of $33.51 and a 52 week high of $187.00. The business's fifty day simple moving average is $114.11 and its 200 day simple moving average is $105.57.

CoreWeave (NASDAQ:CRWV - Get Free Report) last released its earnings results on Tuesday, August 12th. The company reported ($0.27) EPS for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.07). The company had revenue of $1.21 million during the quarter. CoreWeave's quarterly revenue 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

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.