Sigma Planning Corp Makes New Investment in CoreWeave Inc. $CRWV

Key Points

• Sigma Planning Corp purchased a new position of 7,943 shares (~$1.295M) in CoreWeave (NASDAQ:CRWV) during Q2, indicating fresh institutional interest.
• There has been significant insider selling recently — Magnetar sold 1,451,063 shares for ~$182.3M and Director Jack D. Cogen sold 1,112,004 shares, with insiders offloading 36,641,792 shares (~$4.58B) in the past 90 days.
• Analysts are mixed but generally positive: the consensus rating is a "Moderate Buy" with an average target price of $129.71, while some firms (Wells Fargo, Arete) have upgraded the stock and raised targets up to $170.

Sigma Planning Corp purchased a new position in shares of CoreWeave Inc. (NASDAQ:CRWV - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,943 shares of the company's stock, valued at approximately $1,295,000.

A number of other large investors also recently added to or reduced their stakes in CRWV. Chelsea Counsel Co. purchased a new stake in shares of CoreWeave during the second quarter worth $33,000. Chilton Capital Management LLC purchased a new stake in shares of CoreWeave during the second quarter worth $39,000. SOA Wealth Advisors LLC. increased its position in shares of CoreWeave by 275.0% during the second 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. Costello Asset Management INC increased its position in shares of CoreWeave by 33.3% during the second quarter. Costello Asset Management INC now owns 400 shares of the company's stock worth $65,000 after acquiring an additional 100 shares during the period. Finally, Western Pacific Wealth Management LP purchased a new stake in shares of CoreWeave during the second quarter worth $82,000.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Needham & Company LLC reaffirmed a "hold" rating on shares of CoreWeave in a research report on Wednesday, August 13th. Wells Fargo & Company raised CoreWeave from an "equal weight" rating to an "overweight" rating and upped their price objective for the stock from $105.00 to $170.00 in a research report on Tuesday, September 23rd. Arete Research raised CoreWeave from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 21st. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of CoreWeave in a research report on Wednesday, August 13th. Finally, Hsbc Global Res raised CoreWeave to a "moderate sell" rating in a research report on Thursday, July 17th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $129.71.

Insider Activity

In other CoreWeave news, major shareholder Magnetar Financial Llc sold 1,451,063 shares of the firm's stock in a transaction dated 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 transaction, the insider 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 transaction, the director directly owned 12,329,676 shares in the company, valued at approximately $1,167,497,020.44. The trade was a 8.27% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 36,641,792 shares of company stock worth $4,580,958,146.

CoreWeave Stock Performance

NASDAQ:CRWV opened at $114.42 on Thursday. The firm has a market capitalization of $55.90 billion and a PE ratio of -100.37. The business's fifty day moving average price is $123.27 and its 200 day moving average price is $116.56. The company has a debt-to-equity ratio of 2.79, a current ratio of 0.52 and a quick ratio of 0.52. CoreWeave Inc. has a 12 month low of $33.51 and a 12 month high of $187.00.

CoreWeave (NASDAQ:CRWV - Get Free Report) last posted 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 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.

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.

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