Goldman Sachs Group Inc. Invests $963,000 in CoreWeave Inc. $CRWV

Key Points

• Goldman Sachs Group Inc. invested approximately $963,000 in CoreWeave Inc., acquiring 25,980 shares during the 1st quarter.
• CoreWeave reported a significant revenue increase of 206.7% year-over-year, despite posting an EPS of ($0.27) that missed analyst expectations.
• Major insider transactions included Magnetar Financial Llc selling over 734,110 shares, resulting in a substantial decrease in their ownership stake.

Goldman Sachs Group Inc. acquired a new position in shares of CoreWeave Inc. (NASDAQ:CRWV - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 25,980 shares of the company's stock, valued at approximately $963,000.

Separately, Gamco Investors INC. ET AL purchased a new stake in shares of CoreWeave during the 1st quarter worth approximately $318,000.

CoreWeave Stock Performance

Shares of NASDAQ CRWV opened at $133.23 on Tuesday. 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 1-year low of $33.51 and a 1-year high of $187.00. The stock's fifty day moving average is $111.41.

CoreWeave (NASDAQ:CRWV - Get Free Report) last released its quarterly 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 business had revenue of $1.21 million during the quarter. The firm's revenue was up 206.7% on a year-over-year basis. CoreWeave has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

Analyst Ratings Changes

Several analysts have recently issued reports on CRWV shares. Stifel Nicolaus upped their price objective on CoreWeave from $115.00 to $120.00 and gave the stock a "hold" rating in a report on Wednesday, August 13th. JMP Securities raised CoreWeave from a "market perform" rating to a "market outperform" rating and set a $180.00 target price on the stock in a research report on Tuesday, September 16th. HSBC assumed coverage on CoreWeave in a research report on Wednesday, July 16th. They set a "reduce" rating and a $32.00 target price on the stock. Barclays boosted their target price on CoreWeave from $100.00 to $140.00 and gave the company an "equal weight" rating in a research report on Monday, July 21st. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $116.00 target price on shares of CoreWeave in a research report on Tuesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $116.12.

Insider Transactions at CoreWeave

In other CoreWeave news, major shareholder Magnetar Financial Llc sold 734,110 shares of the 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 sale, the insider directly owned 360,900 shares in the company, valued at approximately $47,790,378. This trade represents a 67.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Brian M. Venturo sold 281,250 shares of the stock in a transaction dated Wednesday, September 17th. The shares were sold at an average price of $118.68, for a total value of $33,378,750.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,826,137 shares of company stock valued at $1,965,482,165.

CoreWeave 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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