Floyd Financial Group LLC Acquires New Stake in CoreWeave Inc. $CRWV

Key Points

• Floyd Financial Group LLC has acquired a new stake in CoreWeave Inc., purchasing 16,429 shares valued at approximately $2.71 million, which now represents 2.5% of its investment portfolio.
• CoreWeave's stock has received multiple analyst upgrades recently, with price targets ranging from $115 to $180, indicating a generally positive outlook among equity analysts.
• Major shareholder Magnetar Financial LLC sold over 734,000 shares of CoreWeave, a significant decrease in their position, valued at approximately $97.2 million.

Floyd Financial Group LLC acquired a new position in CoreWeave Inc. (NASDAQ:CRWV - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 16,429 shares of the company's stock, valued at approximately $2,714,000. CoreWeave accounts for 2.5% of Floyd Financial Group LLC's investment portfolio, making the stock its 16th largest position.

A number of other institutional investors also recently bought and sold shares of the stock. Webster Bank N. A. bought a new stake in CoreWeave during the 2nd quarter worth approximately $82,000. Western Pacific Wealth Management LP purchased a new stake in shares of CoreWeave during the 2nd quarter worth approximately $82,000. Farther Finance Advisors LLC bought a new position in CoreWeave during the second quarter valued at $90,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of CoreWeave in the 2nd quarter valued at about $117,000. Finally, Wesbanco Bank Inc. purchased a new position in shares of CoreWeave in the 2nd quarter worth approximately $212,000.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on CRWV shares. Macquarie lifted their price target on shares of CoreWeave from $65.00 to $115.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 13th. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of CoreWeave in a research note on Wednesday, August 13th. JMP Securities raised shares of CoreWeave from a "market perform" rating to a "market outperform" rating and set a $180.00 price objective for the company in a research note on Tuesday, September 16th. Barclays boosted their target price on shares of CoreWeave from $100.00 to $140.00 and gave the stock an "equal weight" rating in a report on Monday, July 21st. Finally, Bank of America decreased their price objective on CoreWeave from $185.00 to $168.00 and set a "neutral" rating for the company in a report on Wednesday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $124.96.

Insider Activity

In related news, major shareholder Magnetar Financial Llc sold 734,110 shares of CoreWeave stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $132.42, for a total value of $97,210,846.20. Following the completion of the transaction, the insider owned 360,900 shares in the company, valued at $47,790,378. The trade was a 67.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kristen J. Mcveety sold 95,000 shares of the firm's stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $126.86, for a total value of $12,051,700.00. The disclosure for this sale can be found here. Insiders have sold 17,921,137 shares of company stock worth $1,977,533,865 in the last ninety days.

CoreWeave Stock Performance

NASDAQ CRWV opened at $133.40 on Thursday. 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 2.79, a current ratio of 0.52 and a quick ratio of 0.52. The firm's fifty day simple moving average is $111.02.

CoreWeave (NASDAQ:CRWV - Get Free Report) last posted its earnings results on Tuesday, August 12th. The company reported ($0.27) 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. The company'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

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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