Strengthening Families & Communities LLC purchased a new position in CoreWeave Inc. (NASDAQ:CRWV - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,011 shares of the company's stock, valued at approximately $491,000.
A number of other hedge funds also recently modified their holdings of CRWV. Cisco Systems Inc. acquired a new position in shares of CoreWeave in the 2nd quarter valued at approximately $173,493,000. Sivia Capital Partners LLC bought a new position in CoreWeave in the second quarter valued at approximately $39,824,000. Virtus Wealth Solutions LLC acquired a new position 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 during the second quarter worth $6,992,000. Finally, Renaissance Capital LLC acquired a new stake in shares of CoreWeave during the second quarter worth $5,131,000.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on CRWV shares. Cantor Fitzgerald reiterated an "overweight" rating and set a $116.00 target price on shares of CoreWeave in a report on Tuesday, September 16th. Morgan Stanley upped their price objective on CoreWeave from $58.00 to $91.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 31st. Barclays lifted their target price on CoreWeave from $100.00 to $140.00 and gave the company an "equal weight" rating in a research report on Monday, July 21st. Bank of America reduced their price target on CoreWeave from $185.00 to $168.00 and set a "neutral" rating for the company in a research report on Wednesday, August 13th. Finally, Arete Research upgraded shares of CoreWeave from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 21st. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $127.64.
Check Out Our Latest Research Report on CRWV
Insider Buying and Selling
In related news, major shareholder Magnetar Financial Llc sold 1,451,063 shares of the business's stock in a transaction that occurred 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 transaction, the insider directly owned 363,631 shares of the company's stock, valued at approximately $45,672,053.60. The trade was a 79.96% decrease in their position. 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 stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $94.69, for a total value of $105,295,658.76. Following the completion of the sale, the director owned 12,329,676 shares in the company, valued at approximately $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 have sold 27,601,752 shares of company stock worth $3,317,675,109.
CoreWeave Price Performance
NASDAQ:CRWV opened at $138.43 on Friday. CoreWeave Inc. has a 1-year low of $33.51 and a 1-year high of $187.00. The firm has a fifty day simple moving average of $114.79 and a 200 day simple moving average of $105.80. 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 (NASDAQ:CRWV - Get Free Report) last announced its quarterly earnings results on Tuesday, August 12th. The company reported ($0.27) EPS for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.07). The business had revenue of $1.21 million for the quarter. CoreWeave'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.
CoreWeave Company Profile
(
Free Report)
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.
Further Reading
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