SJS Investment Consulting Inc. Takes $384,000 Position in CoreWeave Inc. $CRWV

Key Points

• SJS Investment Consulting Inc. acquired a position in CoreWeave Inc., purchasing 2,354 shares valued at approximately $384,000 in the second quarter.
• CoreWeave reported a 206.7% increase in revenue year-over-year, with a quarterly revenue of $1.21 million, but missed the EPS consensus estimate by $0.07.
• Recent insider activity has shown significant sales, with major shareholder Magnetar Financial selling over 734,110 shares, indicating potential concerns about stock performance.

SJS Investment Consulting Inc. purchased a new position in CoreWeave Inc. (NASDAQ:CRWV - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,354 shares of the company's stock, valued at approximately $384,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cisco Systems Inc. purchased a new position in CoreWeave in the second quarter worth about $173,493,000. Gamco Investors INC. ET AL bought a new stake in CoreWeave in the first quarter worth about $318,000. SeaCrest Wealth Management LLC bought a new stake in CoreWeave in the second quarter worth about $848,000. Howard Financial Services LTD. bought a new stake in shares of CoreWeave during the second quarter valued at approximately $489,000. Finally, Sivia Capital Partners LLC bought a new stake in shares of CoreWeave during the second quarter valued at approximately $39,824,000.

CoreWeave Stock Up 6.7%

Shares of NASDAQ CRWV opened at $133.23 on Tuesday. CoreWeave Inc. has a 12-month low of $33.51 and a 12-month high of $187.00. The company has a debt-to-equity ratio of 2.79, a current ratio of 0.52 and a quick ratio of 0.52. The company's 50-day simple moving average is $111.41.

CoreWeave (NASDAQ:CRWV - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $1.21 million for 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.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on CRWV shares. Bank of America decreased their price target on shares of CoreWeave from $185.00 to $168.00 and set a "neutral" rating for the company in a research note on Wednesday, August 13th. Mizuho reaffirmed a "neutral" rating and set a $150.00 price target (up previously from $70.00) on shares of CoreWeave in a research note on Tuesday, July 8th. Wells Fargo & Company boosted their price objective on shares of CoreWeave from $60.00 to $105.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 13th. HSBC began coverage on shares of CoreWeave in a research note on Wednesday, July 16th. They issued a "reduce" rating and a $32.00 price objective for the company. Finally, HC Wainwright raised shares of CoreWeave from a "neutral" rating to a "buy" rating and set a $180.00 price objective for the company in a research note on Thursday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, fourteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $116.12.

Insider Activity at CoreWeave

In other news, major shareholder Magnetar Financial Llc sold 734,110 shares of the stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $132.42, for a total value of $97,210,846.20. Following the completion of the sale, the insider owned 360,900 shares of the company's stock, valued at $47,790,378. This represents a 67.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Brian M. Venturo sold 281,250 shares of the stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $118.68, for a total transaction of $33,378,750.00. The disclosure for this sale can be found here. In the last three months, insiders sold 17,826,137 shares of company stock valued at $1,965,482,165.

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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