Fortis Capital Advisors LLC Buys New Stake in CoreWeave Inc. $CRWV

Key Points

• Fortis Capital Advisors LLC acquired a new stake in CoreWeave Inc. during Q2, purchasing 2,140 shares valued at approximately $349,000.
• CoreWeave reported a significant revenue growth of 206.7% year-over-year despite missing earnings per share estimates in its latest quarterly results.
• Insider activity saw major shareholders sell approximately 23.4 million shares worth over $2.7 billion in the last three months, indicating a potential shift in sentiment.

Fortis Capital Advisors LLC bought a new stake in CoreWeave Inc. (NASDAQ:CRWV - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 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 bought and sold shares of the stock. Chelsea Counsel Co. purchased a new stake in CoreWeave in the 2nd quarter valued at approximately $33,000. SOA Wealth Advisors LLC. lifted its stake in CoreWeave by 275.0% in the 2nd quarter. SOA Wealth Advisors LLC. now owns 375 shares of the company's stock valued at $61,000 after buying an additional 275 shares in the last quarter. Webster Bank N. A. purchased a new stake in CoreWeave in the 2nd quarter valued at approximately $82,000. Western Pacific Wealth Management LP purchased a new stake in CoreWeave in the 2nd quarter valued at approximately $82,000. Finally, Farther Finance Advisors LLC purchased a new stake in CoreWeave in the 2nd quarter valued at approximately $90,000.

CoreWeave Trading Down 2.3%

Shares of NASDAQ CRWV opened at $134.79 on Friday. CoreWeave Inc. has a 12-month low of $33.51 and a 12-month 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 has a fifty day moving average of $111.91.

CoreWeave (NASDAQ:CRWV - Get Free Report) last announced its quarterly 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% on a year-over-year basis. CoreWeave has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

Wall Street Analyst Weigh In

CRWV has been the topic of a number of recent research reports. Argus reaffirmed a "buy" rating and issued a $200.00 target price on shares of CoreWeave in a research note on Thursday, August 14th. Bank of America reduced their target price on CoreWeave from $185.00 to $168.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 13th. Morgan Stanley boosted their price target on CoreWeave from $58.00 to $91.00 and gave the company an "equal weight" rating in a report on Thursday, July 31st. HC Wainwright upgraded CoreWeave from a "neutral" rating to a "buy" rating and set a $180.00 price target for the company in a report on Thursday, August 21st. Finally, Macquarie boosted their price target on CoreWeave from $115.00 to $140.00 and gave the company a "neutral" rating in a report on Monday, September 29th. 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 company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $127.64.

Insider Activity at CoreWeave

In other CoreWeave news, major shareholder Magnetar Financial Llc sold 149,524 shares of the company's stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $138.20, for a total value of $20,664,216.80. Following the completion of the transaction, the insider directly owned 1,005,811 shares of the company's stock, valued at $139,003,080.20. This represents a 12.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Brian M. Venturo sold 310,480 shares of the company's stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $135.67, for a total transaction of $42,122,821.60. The disclosure for this sale can be found here. In the last three months, insiders sold 23,442,080 shares of company stock worth $2,734,572,109.

CoreWeave Company Profile

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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