Blair William & Co. IL acquired a new position in CoreWeave Inc. (NASDAQ:CRWV – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,716 shares of the company’s stock, valued at approximately $606,000.
Several other institutional investors have also bought and sold shares of the stock. Chelsea Counsel Co. bought a new stake in CoreWeave in the second quarter worth about $33,000. SOA Wealth Advisors LLC. raised its holdings in CoreWeave by 275.0% during the 2nd quarter. SOA Wealth Advisors LLC. now owns 375 shares of the company’s stock worth $61,000 after buying an additional 275 shares during the period. Webster Bank N. A. acquired a new stake in CoreWeave during the 2nd quarter worth about $82,000. Western Pacific Wealth Management LP acquired a new stake in CoreWeave during the 2nd quarter worth about $82,000. Finally, Farther Finance Advisors LLC acquired a new stake in CoreWeave during the 2nd quarter worth about $90,000.
Analyst Upgrades and Downgrades
Several research firms have issued reports on CRWV. Stifel Nicolaus boosted their price objective on CoreWeave from $115.00 to $120.00 and gave the stock a “hold” rating in a report on Wednesday, August 13th. Evercore ISI initiated coverage on CoreWeave in a report on Tuesday, September 30th. They issued an “outperform” rating and a $175.00 target price on the stock. Northland Securities upped their target price on CoreWeave from $85.00 to $165.00 and gave the company an “outperform” rating in a report on Friday, July 18th. Melius upgraded CoreWeave from a “hold” rating to a “buy” rating and set a $165.00 target price on the stock in a report on Tuesday, September 23rd. Finally, Bank of America dropped their target price on CoreWeave from $185.00 to $168.00 and set a “neutral” rating on the stock in a report on Wednesday, August 13th. Two investment 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 given a Sell rating to the company. According to data from MarketBeat.com, CoreWeave has an average rating of “Moderate Buy” and a consensus target price of $127.64.
Insiders Place Their Bets
In related news, Director Jack D. Cogen sold 1,112,004 shares of the company’s 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 completion of the transaction, the director directly owned 12,329,676 shares in the company, valued at approximately $1,167,497,020.44. This represents a 8.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 value of $182,253,512.80. Following the transaction, the insider 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 disclosure for this sale can be found here. Insiders sold 28,611,578 shares of company stock valued at $3,464,713,965 over the last 90 days.
CoreWeave Price Performance
CRWV opened at $141.74 on Friday. CoreWeave Inc. has a 1-year low of $33.51 and a 1-year high of $187.00. The company has a debt-to-equity ratio of 2.79, a current ratio of 0.52 and a quick ratio of 0.52. The business has a 50 day moving average of $116.94 and a 200-day moving average of $107.65.
CoreWeave (NASDAQ:CRWV – Get Free Report) last issued 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 company had revenue of $1.21 million during 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
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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