Janney Montgomery Scott LLC Makes New Investment in CoreWeave Inc. $CRWV

Janney Montgomery Scott LLC purchased a new position in CoreWeave Inc. (NASDAQ:CRWV) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,640 shares of the company’s stock, valued at approximately $757,000.

Other institutional investors have also modified their holdings of the company. Cisco Systems Inc. acquired a new position in shares of CoreWeave during the second quarter worth $173,493,000. Sivia Capital Partners LLC acquired a new position in shares of CoreWeave during the second quarter worth $39,824,000. Goldman Sachs Group Inc. acquired a new position in shares of CoreWeave during the first quarter worth $963,000. Floyd Financial Group LLC acquired a new position in shares of CoreWeave during the second quarter worth $2,714,000. Finally, RFG Holdings Inc. acquired a new position in shares of CoreWeave during the second quarter worth $1,450,000.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CRWV shares. JMP Securities upgraded shares of CoreWeave from a “market perform” rating to a “market outperform” rating and set a $180.00 target price for the company in a research note on Tuesday, September 16th. Arete upgraded shares of CoreWeave from a “neutral” rating to a “buy” rating and set a $180.00 target price for the company in a research note on Thursday, August 21st. Bank of America lowered their target price 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. Macquarie upped their price objective on shares of CoreWeave from $115.00 to $140.00 and gave the company a “neutral” rating in a research note on Monday, September 29th. Finally, Moffett Nathanson upped their price objective on shares of CoreWeave from $56.00 to $65.00 and gave the company a “neutral” rating in a research note on Tuesday, August 19th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $127.64.

Insider Activity

In related news, major shareholder Magnetar Financial Llc sold 1,451,063 shares of the stock in a transaction dated Friday, September 19th. The shares were 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 of the company’s stock, valued at $45,672,053.60. This represents a 79.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jack D. Cogen sold 1,112,004 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $94.69, for a total transaction of $105,295,658.76. Following the transaction, the director directly 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 28,611,578 shares of company stock valued at $3,464,713,965 over the last three months.

CoreWeave Price Performance

Shares of NASDAQ:CRWV opened at $139.24 on Thursday. The company has a 50-day simple moving average of $116.53 and a 200-day simple moving average of $106.93. CoreWeave Inc. has a one year low of $33.51 and a one year high of $187.00. 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) last announced its 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 firm had revenue of $1.21 million for the quarter. The firm’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.

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.