Total Clarity Wealth Management Inc. Purchases New Shares in CoreWeave Inc. $CRWV

Key Points

• Total Clarity Wealth Management Inc. purchased 5,737 shares of CoreWeave Inc. valued at approximately $935,000 during the 2nd quarter, according to a recent SEC filing.
• CoreWeave's stock received mixed ratings from analysts, with a target price increase to $150.00 by Mizuho and a "buy" rating from Citigroup at a target of $160.00.
• Insiders have sold over 27 million shares of CoreWeave stock in the last three months, signaling potential concerns about the company’s future performance.

Total Clarity Wealth Management Inc. purchased a new stake in CoreWeave Inc. (NASDAQ:CRWV - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,737 shares of the company's stock, valued at approximately $935,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Stephens Consulting LLC acquired a new position in shares of CoreWeave in the second quarter valued at about $248,000. Almanack Investment Partners LLC. acquired a new stake in CoreWeave during the second quarter worth about $356,000. CWM LLC grew its stake in CoreWeave by 283.0% during the second quarter. CWM LLC now owns 166,663 shares of the company's stock worth $27,176,000 after buying an additional 123,147 shares in the last quarter. Vanguard Personalized Indexing Management LLC acquired a new stake in CoreWeave during the second quarter worth about $2,093,000. Finally, Sovereign Financial Group Inc. acquired a new stake in CoreWeave during the second quarter worth about $915,000.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CRWV shares. Mizuho reiterated a "neutral" rating and set a $150.00 price objective (up from $70.00) on shares of CoreWeave in a research note on Tuesday, July 8th. Weiss Ratings reissued a "sell (d)" rating on shares of CoreWeave in a report on Saturday, September 27th. Macquarie increased their target price on shares of CoreWeave from $115.00 to $140.00 and gave the stock a "neutral" rating in a report on Monday, September 29th. Citigroup raised shares of CoreWeave from a "neutral" rating to a "buy" rating and set a $160.00 target price for the company in a report on Thursday, July 31st. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $116.00 target price on shares of CoreWeave in a report on Tuesday, September 16th. 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 issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $127.64.

Insider Buying and Selling

In other news, major shareholder Magnetar Financial Llc sold 208,207 shares of the firm's stock in a transaction that occurred on Friday, October 10th. The shares were sold at an average price of $148.80, for a total transaction of $30,981,201.60. Following the completion of the sale, the insider owned 950,211 shares of the company's stock, valued at $141,391,396.80. This trade represents a 17.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Michael N. Intrator sold 15,174 shares of the firm's stock in a transaction that occurred on Wednesday, October 8th. The stock was sold at an average price of $139.66, for a total transaction of $2,119,200.84. The disclosure for this sale can be found here. Insiders have sold a total of 27,601,752 shares of company stock valued at $3,317,675,109 in the last three months.

CoreWeave Trading Down 3.2%

Shares of NASDAQ CRWV opened at $138.43 on Monday. The company has a 50 day simple moving average of $114.79 and a 200 day simple moving average of $105.80. CoreWeave Inc. has a 1 year low of $33.51 and a 1 year high of $187.00. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 2.79.

CoreWeave (NASDAQ:CRWV - Get Free Report) last released its earnings results on Tuesday, August 12th. The company reported ($0.27) earnings per share for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.07). The business had revenue of $1.21 million for the quarter. The company's revenue for the quarter 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 Company 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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