Rockline Wealth Management LLC Makes New $951,000 Investment in CoreWeave Inc. $CRWV

Key Points

• Rockline Wealth Management LLC made a new investment of approximately $951,000 in CoreWeave Inc. during the 2nd quarter by purchasing 5,833 shares.
• Analysts have set various price targets for CoreWeave, with estimates ranging from $127.64 as the consensus average to as high as $200.00 from Argus.
• CoreWeave reported a quarterly revenue of $1.21 million, which is a significant increase of 206.7% compared to the same quarter last year, although it missed earnings estimates.

Rockline Wealth Management LLC purchased a new stake in shares of CoreWeave Inc. (NASDAQ:CRWV - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 5,833 shares of the company's stock, valued at approximately $951,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Chelsea Counsel Co. acquired a new stake in CoreWeave during the second quarter worth $33,000. Chilton Capital Management LLC acquired a new position in CoreWeave in the second quarter valued at about $39,000. SOA Wealth Advisors LLC. boosted 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 last quarter. Costello Asset Management INC increased its position in shares of CoreWeave by 33.3% in the 2nd quarter. Costello Asset Management INC now owns 400 shares of the company's stock valued at $65,000 after buying an additional 100 shares in the last quarter. Finally, Western Pacific Wealth Management LP bought a new position in shares of CoreWeave during the 2nd quarter valued at about $82,000.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Weiss Ratings reissued a "sell (d+)" rating on shares of CoreWeave in a research report on Tuesday, October 14th. Northland Securities raised their target price on shares of CoreWeave from $85.00 to $165.00 and gave the company an "outperform" rating in a research note on Friday, July 18th. Arete upgraded shares of 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. Mizuho reaffirmed a "neutral" rating and set a $150.00 price target (up previously from $70.00) on shares of CoreWeave in a report on Tuesday, July 8th. Finally, Argus reaffirmed a "buy" rating and issued a $200.00 target price on shares of CoreWeave in a research report on Thursday, August 14th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, CoreWeave currently has a consensus rating of "Moderate Buy" and an average price target of $127.64.

CoreWeave Stock Performance

CRWV opened at $126.32 on Tuesday. The firm has a market cap of $61.72 billion and a P/E ratio of -110.81. The business's fifty day moving average is $122.43 and its 200-day moving average is $116.03. 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 quick ratio of 0.52 and a current ratio of 0.52.

CoreWeave (NASDAQ:CRWV - Get Free Report) last released its earnings results on Tuesday, August 12th. The company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.20) by ($0.07). The business had revenue of $1.21 million for the quarter. The firm's quarterly 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.

Insider Buying and Selling at CoreWeave

In other news, Director Jack D. Cogen sold 1,112,004 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $94.69, for a total value of $105,295,658.76. Following the completion of the sale, the director directly 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Magnetar Financial Llc sold 1,451,063 shares of the company'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 owned 363,631 shares of the company's stock, valued at approximately $45,672,053.60. The trade was a 79.96% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 36,604,188 shares of company stock worth $4,576,093,275.

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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