RWQ Financial Management Services Inc. Invests $1.83 Million in CoreWeave Inc. $CRWV

Key Points

• RWQ Financial Management Services Inc. invested approximately $1.83 million in CoreWeave Inc., acquiring 11,190 shares, which now represents about 0.8% of their investment portfolio and is the 20th largest position.
• Insider trading activity includes a significant sale by Director Jack D. Cogen, who sold over 1.1 million shares, resulting in an 8.27% reduction of his holdings, while Magnetar Financial sold 1.45 million shares, decreasing their position by nearly 80%.
• CoreWeave reported a net loss of ($0.27) earnings per share for the last quarter, which was below the consensus estimate, but revenues increased by over 206% compared to the previous year, totaling $1.21 million.

RWQ Financial Management Services Inc. bought a new position in shares of CoreWeave Inc. (NASDAQ:CRWV - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 11,190 shares of the company's stock, valued at approximately $1,825,000. CoreWeave accounts for about 0.8% of RWQ Financial Management Services Inc.'s investment portfolio, making the stock its 20th biggest position.

A number of other institutional investors also recently modified their holdings of CRWV. Costello Asset Management INC raised its position in 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 during the last quarter. Chelsea Counsel Co. purchased a new stake in CoreWeave in the 2nd quarter valued at $33,000. SOA Wealth Advisors LLC. raised its position in CoreWeave by 275.0% in the 2nd quarter. SOA Wealth Advisors LLC. now owns 375 shares of the company's stock valued at $61,000 after buying an additional 275 shares during the last quarter. Western Pacific Wealth Management LP purchased a new stake in CoreWeave in the 2nd quarter valued at $82,000. Finally, Webster Bank N. A. purchased a new stake in CoreWeave in the 2nd quarter valued at $82,000.

Insider Buying and Selling at CoreWeave

In related news, Director Jack D. Cogen sold 1,112,004 shares of CoreWeave stock in a transaction dated 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 owned 12,329,676 shares of the company's stock, valued at approximately $1,167,497,020.44. This trade represents a 8.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Magnetar Financial Llc sold 1,451,063 shares of CoreWeave stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $125.60, for a total value of $182,253,512.80. Following the completion of the sale, the insider directly owned 363,631 shares of the company's stock, valued at approximately $45,672,053.60. This trade represents a 79.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 32,203,750 shares of company stock valued at $3,972,578,697 in the last quarter.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Mizuho reissued a "neutral" rating and issued a $150.00 price target (up from $70.00) on shares of CoreWeave in a research report on Tuesday, July 8th. Weiss Ratings reissued a "sell (d+)" rating on shares of CoreWeave in a research report on Tuesday. Moffett Nathanson increased their price target on CoreWeave from $56.00 to $65.00 and gave the company a "neutral" rating in a research report on Tuesday, August 19th. Raymond James Financial assumed coverage on CoreWeave in a research report on Monday, September 15th. They issued an "outperform" rating and a $130.00 price target for the company. Finally, Argus reissued a "buy" rating and issued a $200.00 price target on shares of CoreWeave in a research report on Thursday, August 14th. Two investment 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 given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $127.64.

CoreWeave Stock Down 3.4%

Shares of CoreWeave stock opened at $136.87 on Friday. CoreWeave Inc. has a 1 year low of $33.51 and a 1 year high of $187.00. The stock has a fifty day moving average price of $117.09 and a 200-day moving average price of $108.23. 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 announced its earnings results 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 firm had revenue of $1.21 million during the quarter. The business'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.

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.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.