Melfa Wealth Management Inc. 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 3,050 shares of the company's stock, valued at approximately $497,000.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Cisco Systems Inc. bought a new stake in CoreWeave during the second quarter worth $173,493,000. Sivia Capital Partners LLC bought a new stake in CoreWeave during the second quarter worth $39,824,000. Goldman Sachs Group Inc. bought a new stake in CoreWeave during the first quarter worth $963,000. Floyd Financial Group LLC bought a new stake in CoreWeave during the second quarter worth $2,714,000. Finally, RFG Holdings Inc. bought a new stake in CoreWeave during the second quarter worth $1,450,000.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on CRWV shares. Stifel Nicolaus upped their target price on CoreWeave from $115.00 to $120.00 and gave the stock a "hold" rating in a research note on Wednesday, August 13th. DA Davidson restated an "underperform" rating and set a $36.00 target price on shares of CoreWeave in a research note on Tuesday, June 10th. HC Wainwright upgraded CoreWeave from a "neutral" rating to a "buy" rating and set a $180.00 price target for the company in a research note on Thursday, August 21st. Moffett Nathanson increased their price target on CoreWeave from $56.00 to $65.00 and gave the company a "neutral" rating in a research note on Tuesday, August 19th. Finally, Raymond James Financial initiated coverage on CoreWeave in a research note on Monday, September 15th. They issued an "outperform" rating and a $130.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, CoreWeave currently has a consensus rating of "Moderate Buy" and a consensus price target of $125.89.
Get Our Latest Analysis on CRWV
Insider Buying and Selling
In related news, insider Kristen J. Mcveety sold 95,000 shares of the stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $126.86, for a total value of $12,051,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Magnetar Financial Llc sold 185,627 shares of the stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $136.38, for a total value of $25,315,810.26. Following the completion of the sale, the insider owned 1,039,327 shares of the company's stock, valued at $141,743,416.26. The trade was a 15.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,928,066 shares of company stock valued at $2,247,880,573.
CoreWeave Trading Up 1.8%
Shares of CRWV opened at $122.52 on Tuesday. 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 current ratio of 0.52 and a quick ratio of 0.52. The firm has a fifty day moving average price of $110.81.
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 analysts' consensus estimates of ($0.20) by ($0.07). The company had revenue of $1.21 million during the quarter. The firm's revenue for the quarter was up 206.7% on a year-over-year basis. CoreWeave has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.
CoreWeave Company Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding CRWV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CoreWeave Inc. (NASDAQ:CRWV - Free Report).
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