Farther Finance Advisors LLC Acquires New Shares in CoreWeave Inc. $CRWV

Farther Finance Advisors LLC acquired a new stake in CoreWeave Inc. (NASDAQ:CRWV) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 550 shares of the company’s stock, valued at approximately $90,000.

Several other institutional investors and hedge funds have also modified their holdings of CRWV. Webster Bank N. A. acquired a new stake in shares of CoreWeave in the 2nd quarter valued at $82,000. Western Pacific Wealth Management LP acquired a new stake in shares of CoreWeave in the 2nd quarter valued at $82,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of CoreWeave in the 2nd quarter valued at $117,000. Wesbanco Bank Inc. acquired a new stake in shares of CoreWeave in the 2nd quarter valued at $212,000. Finally, McAlister Sweet & Associates Inc. acquired a new stake in shares of CoreWeave in the 2nd quarter valued at $277,000.

CoreWeave Price Performance

NASDAQ CRWV opened at $134.79 on Friday. The company has a 50-day simple moving average of $111.91. CoreWeave Inc. has a twelve month low of $33.51 and a twelve month 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) last issued its quarterly earnings data on Tuesday, August 12th. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.07). The business had revenue of $1.21 million for the quarter. The business’s quarterly 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.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Stifel Nicolaus boosted their target price on shares of CoreWeave from $115.00 to $120.00 and gave the stock a “hold” rating in a research report on Wednesday, August 13th. 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 research report on Thursday, July 31st. Needham & Company LLC reissued a “hold” rating on shares of CoreWeave in a research report on Wednesday, August 13th. Weiss Ratings reissued a “sell (d)” rating on shares of CoreWeave in a research report on Saturday, September 27th. Finally, Evercore ISI assumed coverage on shares of CoreWeave in a research report on Tuesday, September 30th. They set an “outperform” rating and a $175.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, CoreWeave currently has an average rating of “Moderate Buy” and an average target price of $127.64.

Insiders Place Their Bets

In other CoreWeave news, insider Brian M. Venturo sold 310,480 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $135.67, for a total transaction of $42,122,821.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Magnetar Financial Llc sold 149,524 shares of the company’s stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $138.20, for a total transaction of $20,664,216.80. Following the sale, the insider directly owned 1,005,811 shares in the company, valued at $139,003,080.20. This represents a 12.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,442,080 shares of company stock valued at $2,734,572,109.

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.