SeaCrest Wealth Management LLC Buys Shares of 5,198 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 acquired a new position in shares of CoreWeave Inc. (NASDAQ:CRWV - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,198 shares of the company's stock, valued at approximately $848,000.

A number of other institutional investors have also recently bought and sold shares of CRWV. Western Pacific Wealth Management LP acquired a new stake in shares of CoreWeave in the second quarter valued at approximately $82,000. Webster Bank N. A. bought a new stake in shares of CoreWeave in the second quarter valued at about $82,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of CoreWeave in the second quarter valued at about $117,000. Wesbanco Bank Inc. bought a new stake in CoreWeave during the second quarter worth about $212,000. Finally, McAlister Sweet & Associates Inc. bought a new stake in CoreWeave during the second quarter worth about $277,000.

Insider Transactions at CoreWeave

In other CoreWeave news, major shareholder Magnetar Financial Llc sold 1,451,063 shares of the 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 transaction, the insider owned 363,631 shares of the company's stock, valued at approximately $45,672,053.60. This represents a 79.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jack D. Cogen sold 1,112,004 shares of the firm's 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 transaction, the director directly owned 12,329,676 shares in the company, valued at $1,167,497,020.44. This trade represents a 8.27% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 17,826,137 shares of company stock worth $1,965,482,165.

CoreWeave Stock Performance

CRWV stock traded down $4.12 during midday trading on Tuesday, hitting $129.11. The company had a trading volume of 22,595,483 shares, compared to its average volume of 22,032,934. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.52 and a current ratio of 0.52. The firm has a 50 day moving average price of $111.41. CoreWeave Inc. has a 52 week low of $33.51 and a 52 week high of $187.00.

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 company had revenue of $1.21 million during the quarter. The firm'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.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CRWV. Melius raised shares of CoreWeave from a "hold" rating to a "buy" rating and set a $165.00 target price for the company in a report on Tuesday. Raymond James Financial started coverage on shares of CoreWeave in a research report on Monday, September 15th. They set an "outperform" rating and a $130.00 price target on the stock. HC Wainwright upgraded CoreWeave from a "neutral" rating to a "buy" rating and set a $180.00 target price on the stock in a report on Thursday, August 21st. Stifel Nicolaus lifted their price objective on shares of CoreWeave from $115.00 to $120.00 and gave the stock a "hold" rating in a report on Wednesday, August 13th. Finally, DA Davidson reaffirmed an "underperform" rating and set a $36.00 price objective on shares of CoreWeave in a report on Tuesday, June 10th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, eleven have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, CoreWeave presently has a consensus rating of "Moderate Buy" and an average price target of $124.96.

CoreWeave 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.