SeaCrest Wealth Management LLC Invests $848,000 in CoreWeave Inc. $CRWV

Key Points

• SeaCrest Wealth Management LLC has bought 5,198 shares of CoreWeave Inc., valued at about $848,000, during the second quarter.
• Analyst ratings for CoreWeave show a mixture of outlooks, with targets ranging from $60.00 to $200.00, reflecting an overall average target price of $116.12.
• Insider sales have occurred recently, with Brian M. Venturo selling 281,250 shares for over $33 million, indicating significant movement in executive ownership.

SeaCrest Wealth Management LLC bought a new stake in CoreWeave Inc. (NASDAQ:CRWV - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 5,198 shares of the company's stock, valued at approximately $848,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CRWV. Gamco Investors INC. ET AL purchased a new stake in CoreWeave during the 1st quarter valued at approximately $318,000. Goldman Sachs Group Inc. purchased a new stake in shares of CoreWeave during the first quarter worth approximately $963,000. Howard Financial Services LTD. purchased a new stake in shares of CoreWeave during the second quarter worth approximately $489,000. McAlister Sweet & Associates Inc. purchased a new position in CoreWeave during the 2nd quarter worth $277,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in CoreWeave during the 2nd quarter worth $117,000.

Analysts Set New Price Targets

CRWV has been the subject of several analyst reports. Bank of America cut their price target on shares of CoreWeave from $185.00 to $168.00 and set a "neutral" rating for the company in a report on Wednesday, August 13th. Arete Research raised CoreWeave from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 21st. Moffett Nathanson increased their target price on CoreWeave from $56.00 to $65.00 and gave the stock a "neutral" rating in a research note on Tuesday, August 19th. Loop Capital started coverage on CoreWeave in a research report on Friday. They issued a "buy" rating and a $165.00 price objective for the company. Finally, Seaport Res Ptn upgraded CoreWeave to a "hold" rating in a research report on Monday, September 15th. Two analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, fourteen have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $116.12.

Insider Transactions at CoreWeave

In other CoreWeave news, insider Brannin Mcbee sold 375,000 shares of the firm's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $91.71, for a total transaction of $34,391,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jack D. Cogen sold 1,112,004 shares of the firm's stock in a transaction 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 transaction, the director directly owned 12,329,676 shares of the company's stock, valued at $1,167,497,020.44. The trade was a 8.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 13,056,704 shares of company stock valued at $1,367,589,383 in the last ninety days.

CoreWeave Trading Up 6.7%

Shares of CRWV stock traded up $8.37 during mid-day trading on Monday, reaching $133.23. The stock had a trading volume of 40,215,185 shares, compared to its average volume of 22,045,020. CoreWeave Inc. has a 12-month low of $33.51 and a 12-month high of $187.00. The firm's 50-day moving average is $111.39. 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 quarterly earnings results 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 firm had revenue of $1.21 million during the quarter. CoreWeave'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.

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.