Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of CoreWeave Inc. (NASDAQ:CRWV - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 42,880 shares of the company's stock, valued at approximately $6,992,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Chelsea Counsel Co. purchased a new position in shares of CoreWeave during the 2nd quarter valued at about $33,000. SOA Wealth Advisors LLC. raised its stake in CoreWeave by 275.0% during the 2nd quarter. SOA Wealth Advisors LLC. now owns 375 shares of the company's stock worth $61,000 after acquiring an additional 275 shares during the period. Webster Bank N. A. purchased a new position in CoreWeave during the second quarter valued at approximately $82,000. Western Pacific Wealth Management LP bought a new position in shares of CoreWeave in the second quarter worth approximately $82,000. Finally, Farther Finance Advisors LLC purchased a new stake in shares of CoreWeave in the second quarter worth $90,000.
CoreWeave Stock Performance
Shares of NASDAQ:CRWV opened at $134.79 on Monday. The company's 50 day simple moving average is $111.91. CoreWeave Inc. has a 1 year low of $33.51 and a 1 year high of $187.00. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 2.79.
CoreWeave (NASDAQ:CRWV - Get Free Report) last issued its quarterly earnings results 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 firm 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 brokerages recently weighed in on CRWV. Morgan Stanley upped their target price on shares of CoreWeave from $58.00 to $91.00 and gave the stock an "equal weight" rating in a report on Thursday, July 31st. Arete raised CoreWeave from a "neutral" rating to a "buy" rating and set a $180.00 price objective for the company in a research note on Thursday, August 21st. Melius raised CoreWeave from a "hold" rating to a "buy" rating and set a $165.00 target price on the stock in a research note on Tuesday, September 23rd. Macquarie upped their price target on CoreWeave from $115.00 to $140.00 and gave the stock a "neutral" rating in a research note on Monday, September 29th. Finally, Melius Research set a $165.00 price objective on shares of CoreWeave and gave the company a "buy" rating in a report on Tuesday, September 23rd. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $127.64.
Get Our Latest Analysis on CRWV
Insider Transactions at CoreWeave
In other news, major shareholder Magnetar Financial Llc sold 149,524 shares of the business's stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $138.20, for a total transaction of $20,664,216.80. Following the completion of the sale, the insider directly owned 1,005,811 shares of the company's stock, valued at approximately $139,003,080.20. The trade was a 12.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brannin Mcbee sold 157,903 shares of the firm's stock in a transaction dated Tuesday, September 30th. The stock was sold at an average price of $138.59, for a total transaction of $21,883,776.77. Following the completion of the transaction, the insider directly owned 185,181 shares in the company, valued at $25,664,234.79. This represents a 46.02% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,442,080 shares of company stock worth $2,734,572,109.
About CoreWeave
(
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.
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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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