Fox Hill Wealth Management Makes New $858,000 Investment in CoreWeave Inc. $CRWV

Key Points

• Fox Hill Wealth Management has acquired a new stake in CoreWeave Inc. valued at approximately $858,000 by purchasing 5,263 shares in the second quarter.
• Investment analysts have a consensus rating of "Hold" for CoreWeave, with a price target averaging $107.45.
• Insiders at CoreWeave have sold a total of 9.77 million shares of the company's stock, indicating significant insider selling activity over the past three months.

Fox Hill Wealth Management bought a new position in shares of CoreWeave Inc. (NASDAQ:CRWV - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,263 shares of the company's stock, valued at approximately $858,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CRWV. Gamco Investors INC. ET AL bought a new position in shares of CoreWeave in the 1st quarter valued at $318,000. Howard Financial Services LTD. acquired a new stake in CoreWeave in the second quarter valued at $489,000. McAlister Sweet & Associates Inc. bought a new position in CoreWeave during the 2nd quarter worth approximately $277,000. Goldman Sachs Group Inc. acquired a new stake in CoreWeave during the 1st quarter worth about $963,000. Finally, Wesbanco Bank Inc. acquired a new stake in CoreWeave during the 2nd quarter worth about $212,000.

CoreWeave Stock Performance

Shares of NASDAQ CRWV traded down $1.72 during mid-day trading on Tuesday, reaching $118.75. 29,206,570 shares of the company were exchanged, compared to its average volume of 21,622,719. CoreWeave Inc. has a 52 week low of $33.51 and a 52 week high of $187.00. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.52 and a current ratio of 0.52. The stock has a 50 day moving average of $113.05.

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

Analysts Set New Price Targets

Several brokerages have recently commented on CRWV. Northland Securities raised their target price on CoreWeave from $85.00 to $165.00 and gave the company an "outperform" rating in a research note on Friday, July 18th. Stifel Nicolaus lifted their target price on shares of CoreWeave from $115.00 to $120.00 and gave the stock a "hold" rating in a research report on Wednesday, August 13th. Argus restated a "buy" rating and set a $200.00 price target on shares of CoreWeave in a research note on Thursday, August 14th. DA Davidson reiterated an "underperform" rating and issued a $36.00 price objective on shares of CoreWeave in a research note on Tuesday, June 10th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating on shares of CoreWeave in a research note on Wednesday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating, fourteen have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $114.16.

Insiders Place Their Bets

In other CoreWeave news, insider Brannin Mcbee sold 250,000 shares of the business's stock in a transaction on Tuesday, September 9th. The shares were sold at an average price of $99.47, for a total value of $24,867,500.00. Following the completion of the sale, the insider directly owned 121,965 shares of the company's stock, valued at $12,131,858.55. The trade was a 67.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Brian M. Venturo sold 281,250 shares of the business's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $90.62, for a total transaction of $25,486,875.00. The disclosure for this sale can be found here. Insiders sold a total of 9,831,764 shares of company stock valued at $981,444,059 over the last three months.

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.