SLT Holdings LLC Purchases Shares of 2,400 CoreWeave Inc. $CRWV

Key Points

• SLT Holdings LLC purchased 2,400 shares of CoreWeave Inc. (CRWV) for approximately $391,000 during the second quarter.
• CoreWeave's stock has seen a one-year range between $33.51 and $187.00, with recent trading at $138.43—a 3.2% decline.
• Major shareholder Magnetar Financial LLC sold over 1.45 million shares, resulting in a 79.96% decrease in ownership, further highlighting significant insider trading activity.

SLT Holdings LLC purchased a new stake in shares of CoreWeave Inc. (NASDAQ:CRWV - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,400 shares of the company's stock, valued at approximately $391,000.

Several other hedge funds also recently modified their holdings of CRWV. Cisco Systems Inc. bought a new stake in shares of CoreWeave in the second quarter valued at approximately $173,493,000. Sivia Capital Partners LLC bought a new stake in shares of CoreWeave in the second quarter valued at approximately $39,824,000. Virtus Wealth Solutions LLC bought a new stake in shares of CoreWeave in the second quarter valued at approximately $7,436,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of CoreWeave in the second quarter valued at approximately $6,992,000. Finally, Renaissance Capital LLC bought a new stake in shares of CoreWeave in the second quarter valued at approximately $5,131,000.

CoreWeave Stock Down 3.2%

Shares of CRWV stock opened at $138.43 on Friday. CoreWeave Inc. has a one year low of $33.51 and a one year high of $187.00. The stock has a fifty day moving average price of $114.79 and a 200 day moving average price of $105.80. 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 released 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 business had revenue of $1.21 million during the quarter. The business's revenue for the quarter was up 206.7% on a year-over-year basis. CoreWeave has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

Insider Buying and Selling at CoreWeave

In other CoreWeave news, major shareholder Magnetar Financial Llc sold 1,451,063 shares of the stock in a transaction on 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 completion of the transaction, the insider directly owned 363,631 shares in the company, valued at $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 SEC, which can be accessed through this link. Also, Director Jack D. Cogen sold 1,112,004 shares of the 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 owned 12,329,676 shares of the company's stock, valued at $1,167,497,020.44. This represents a 8.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,601,752 shares of company stock valued at $3,317,675,109 over the last quarter.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CRWV. Loop Capital began coverage on CoreWeave in a research report on Friday, September 19th. They issued a "buy" rating and a $165.00 price objective for the company. Morgan Stanley increased their price objective on CoreWeave from $58.00 to $91.00 and gave the company an "equal weight" rating in a research report on Thursday, July 31st. Citigroup raised CoreWeave from a "neutral" rating to a "buy" rating and set a $160.00 target price for the company in a research report on Thursday, July 31st. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $116.00 target price on shares of CoreWeave in a research report on Tuesday, September 16th. Finally, Melius raised CoreWeave from a "hold" rating to a "buy" rating and set a $165.00 target price for the company in a research report on Tuesday, September 23rd. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $127.64.

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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