Ground Swell Capital LLC Purchases New Shares in CoreWeave Inc. $CRWV

Key Points

• Ground Swell Capital LLC acquired 3,503 shares of CoreWeave Inc., valued at approximately $571,000, making it the company's 13th biggest position.
• Analysts have set a new average target price of $127.64 for CoreWeave, with Cantor Fitzgerald and HC Wainwright giving it ratings of "overweight" and "buy" respectively.
• Insider trading activity included significant sales, with Director Jack D. Cogen selling over 1.1 million shares valued at approximately $105 million.

Ground Swell Capital LLC acquired a new position in CoreWeave Inc. (NASDAQ:CRWV - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 3,503 shares of the company's stock, valued at approximately $571,000. CoreWeave makes up approximately 0.9% of Ground Swell Capital LLC's investment portfolio, making the stock its 13th biggest position.

A number of other institutional investors have also recently bought and sold shares of the business. Chelsea Counsel Co. bought a new position in shares of CoreWeave during the second quarter worth approximately $33,000. SOA Wealth Advisors LLC. grew its position in CoreWeave by 275.0% during the second quarter. SOA Wealth Advisors LLC. now owns 375 shares of the company's stock worth $61,000 after buying an additional 275 shares in the last quarter. Costello Asset Management INC increased its stake in CoreWeave by 33.3% during the 2nd quarter. Costello Asset Management INC now owns 400 shares of the company's stock worth $65,000 after acquiring an additional 100 shares during the period. Western Pacific Wealth Management LP acquired a new position in CoreWeave in the 2nd quarter valued at $82,000. Finally, Webster Bank N. A. bought a new stake in shares of CoreWeave during the 2nd quarter valued at $82,000.

Analysts Set New Price Targets

A number of research analysts recently commented on CRWV shares. Cantor Fitzgerald restated an "overweight" rating and issued a $116.00 price target on shares of CoreWeave in a research report on Tuesday, September 16th. HC Wainwright upgraded shares of CoreWeave from a "neutral" rating to a "buy" rating and set a $180.00 target price for the company in a research report on Thursday, August 21st. Arete upgraded shares of CoreWeave from a "neutral" rating to a "buy" rating and set a $180.00 price target on the stock in a research report on Thursday, August 21st. Weiss Ratings restated a "sell (d+)" rating on shares of CoreWeave in a research report on Tuesday, October 14th. Finally, Macquarie upped 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. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, CoreWeave currently has an average rating of "Moderate Buy" and an average target price of $127.64.

CoreWeave Trading Up 1.5%

Shares of CoreWeave stock opened at $123.34 on Friday. The company's 50 day moving average price is $116.91 and its two-hundred day moving average price is $110.19. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.52 and a current ratio of 0.52. CoreWeave Inc. has a fifty-two week low of $33.51 and a fifty-two week high of $187.00.

CoreWeave (NASDAQ:CRWV - Get Free Report) last released its quarterly earnings data on Tuesday, August 12th. The company reported ($0.27) earnings per share 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.

Insider Activity at CoreWeave

In other news, Director Jack D. Cogen sold 1,112,004 shares of the firm's stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $94.69, for a total transaction of $105,295,658.76. Following the completion of the transaction, the director 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Magnetar Financial Llc sold 1,451,063 shares of the business's stock in a transaction on Friday, September 19th. The stock was sold at an average price of $125.60, for a total transaction of $182,253,512.80. Following the completion of the sale, the insider directly owned 363,631 shares in the company, valued at approximately $45,672,053.60. This represents a 79.96% decrease in their position. The disclosure for this sale can be found here. Insiders sold 32,247,931 shares of company stock valued at $3,978,619,565 in the last ninety days.

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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