Avalon Trust Co Buys Shares of 1,534 CoreWeave Inc. $CRWV

Avalon Trust Co bought a new position in shares of CoreWeave Inc. (NASDAQ:CRWV) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,534 shares of the company’s stock, valued at approximately $250,000.

Other hedge funds have also made changes to their positions in the company. Chelsea Counsel Co. purchased a new stake in shares of CoreWeave in the second quarter valued at about $33,000. Chilton Capital Management LLC purchased a new stake in CoreWeave in the 2nd quarter valued at approximately $39,000. Montag A & Associates Inc. acquired a new stake in CoreWeave during the 2nd quarter valued at $49,000. SOA Wealth Advisors LLC. increased its position in CoreWeave by 275.0% during the second quarter. SOA Wealth Advisors LLC. now owns 375 shares of the company’s stock worth $61,000 after buying an additional 275 shares in the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new stake in shares of CoreWeave in the second quarter valued at $61,000.

Wall Street Analyst Weigh In

CRWV has been the subject of a number of analyst reports. Argus reissued a “buy” rating and issued a $200.00 price objective on shares of CoreWeave in a research report on Thursday, August 14th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of CoreWeave in a report on Wednesday, August 13th. Evercore ISI decreased their price objective on CoreWeave from $175.00 to $160.00 and set an “outperform” rating on the stock in a report on Tuesday. Melius upgraded CoreWeave from a “hold” rating to a “buy” rating and set a $165.00 target price for the company in a research note on Tuesday, September 23rd. Finally, Needham & Company LLC reissued a “hold” rating on shares of CoreWeave in a research note on Wednesday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, twelve have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $127.86.

CoreWeave Stock Down 3.3%

NASDAQ CRWV opened at $85.43 on Thursday. 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 Inc. has a fifty-two week low of $33.51 and a fifty-two week high of $187.00. The business has a 50 day moving average price of $123.24 and a two-hundred day moving average price of $118.60. The stock has a market cap of $41.74 billion and a PE ratio of -74.94.

CoreWeave (NASDAQ:CRWV) last announced its earnings results on Monday, November 10th. The company reported ($0.22) earnings per share for the quarter, beating the consensus estimate of ($0.36) by $0.14. The business had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the prior year, the business earned ($1.82) earnings per share. The firm’s revenue was up 133.7% on a year-over-year basis. CoreWeave has set its FY 2025 guidance at EPS.

Insider Activity at CoreWeave

In other CoreWeave news, major shareholder Magnetar Financial Llc sold 7,688 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $134.94, for a total transaction of $1,037,418.72. Following the sale, the insider owned 299,512 shares in the company, valued at $40,416,149.28. This represents a 2.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Michael N. Intrator sold 32,455 shares of the company’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $113.97, for a total value of $3,698,896.35. Following the sale, the chief executive officer directly owned 6,991,055 shares in the company, valued at approximately $796,770,538.35. This represents a 0.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 36,743,427 shares of company stock worth $4,592,624,537.

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.