Howard Financial Services LTD. Takes $489,000 Position in CoreWeave Inc. $CRWV

Key Points

• Howard Financial Services LTD. has invested approximately $489,000 to acquire 3,000 shares of CoreWeave Inc. in the second quarter.
• CoreWeave reported a 206.7% increase in quarterly revenue year-over-year, though it missed EPS estimates at ($0.27).
• The stock has seen volatile price performance, with a 52-week range from $33.51 to $187.00, and various analysts have issued mixed ratings with an average price target of $107.45.

Howard Financial Services LTD. bought a new position in CoreWeave Inc. (NASDAQ:CRWV - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,000 shares of the company's stock, valued at approximately $489,000.

Separately, Gamco Investors INC. ET AL bought a new stake in CoreWeave in the first quarter worth approximately $318,000.

Insiders Place Their Bets

In other CoreWeave news, insider Brannin Mcbee sold 375,000 shares of the business's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $91.71, for a total value of $34,391,250.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Magnetar Financial Llc sold 915,382 shares of the business's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $100.15, for a total value of $91,675,507.30. Following the completion of the transaction, the insider directly owned 397,757 shares in the company, valued at approximately $39,835,363.55. This represents a 69.71% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,831,764 shares of company stock valued at $981,444,059.

CoreWeave Stock Down 1.4%

CRWV stock traded down $1.72 during midday trading on Tuesday, hitting $118.75. The company's stock had a trading volume of 29,206,570 shares, compared to its average volume of 21,622,719. The company's 50-day moving average is $113.05. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 2.79. CoreWeave Inc. has a 1 year low of $33.51 and a 1 year high of $187.00.

CoreWeave (NASDAQ:CRWV - Get Free Report) last posted 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 business had revenue of $1.21 million during the quarter. CoreWeave's 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.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CRWV. Needham & Company LLC reiterated a "hold" rating on shares of CoreWeave in a report on Wednesday, August 13th. Macquarie boosted their price objective on CoreWeave from $65.00 to $115.00 and gave the company a "neutral" rating in a report on Wednesday, August 13th. Moffett Nathanson boosted their price objective on CoreWeave from $56.00 to $65.00 and gave the company a "neutral" rating in a report on Tuesday, August 19th. Argus restated a "buy" rating and set a $200.00 price objective on shares of CoreWeave in a report on Thursday, August 14th. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of CoreWeave in a report on Wednesday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $114.16.

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.