KG&L Capital Management LLC Purchases New Position in CoreWeave Inc. $CRWV

Key Points

• KG&L Capital Management LLC has acquired a new position in CoreWeave Inc. (NASDAQ:CRWV) by purchasing 2,194 shares valued at approximately $358,000 during the second quarter.
• Analysts have given CoreWeave a consensus rating of "Moderate Buy" with price targets ranging from $32.00 to $165.00, as firms like Loop Capital and Melius Research issued "buy" ratings.
• Insider trading has seen significant activity with Director Jack D. Cogen selling over 1.1 million shares and major shareholder Magnetar Financial also selling a substantial portion of their stake.

KG&L Capital Management LLC acquired a new stake in shares of CoreWeave Inc. (NASDAQ:CRWV - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,194 shares of the company's stock, valued at approximately $358,000.

Several other large investors also recently added to or reduced their stakes in CRWV. Webster Bank N. A. acquired a new position in shares of CoreWeave during the 2nd quarter worth $82,000. Western Pacific Wealth Management LP acquired a new position in CoreWeave during the second quarter worth $82,000. Farther Finance Advisors LLC bought a new position in CoreWeave during the second quarter valued at about $90,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of CoreWeave in the second quarter worth about $117,000. Finally, Wesbanco Bank Inc. acquired a new stake in shares of CoreWeave in the second quarter worth about $212,000.

Wall Street Analyst Weigh In

CRWV has been the topic of a number of recent analyst reports. Loop Capital initiated coverage on CoreWeave in a research note on Friday, September 19th. They issued a "buy" rating and a $165.00 price objective on the stock. Melius Research set a $165.00 price target on CoreWeave and gave the company a "buy" rating in a report on Tuesday, September 23rd. Citigroup raised shares of CoreWeave from a "neutral" rating to a "buy" rating and set a $160.00 price target on the stock in a research report on Thursday, July 31st. HSBC initiated coverage on shares of CoreWeave in a report on Wednesday, July 16th. They set a "reduce" rating and a $32.00 price objective for the company. Finally, 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 report on Wednesday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $124.96.

CoreWeave Stock Performance

NASDAQ CRWV opened at $120.34 on Monday. The stock's 50 day simple moving average is $110.86. CoreWeave Inc. has a one year low of $33.51 and a one year 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.

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

Insider Activity

In other CoreWeave news, Director Jack D. Cogen sold 1,112,004 shares of the stock in a transaction dated 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 sale, the director owned 12,329,676 shares of the company's stock, valued at $1,167,497,020.44. This represents a 8.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Magnetar Financial Llc sold 1,451,063 shares of the business's stock in a transaction dated 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 transaction, the insider directly owned 363,631 shares of the company's stock, valued at approximately $45,672,053.60. This represents a 79.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,928,066 shares of company stock worth $2,247,880,573.

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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