Bulltick Wealth Management LLC Acquires New Stake in CoreWeave Inc. $CRWV

Bulltick Wealth Management LLC bought a new position in CoreWeave Inc. (NASDAQ:CRWV) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 12,000 shares of the company’s stock, valued at approximately $1,957,000.

A number of other large investors have also recently modified their holdings of CRWV. Chelsea Counsel Co. purchased a new position in shares of CoreWeave during the second quarter worth about $33,000. Chilton Capital Management LLC bought a new stake in CoreWeave during the second quarter valued at approximately $39,000. Montag A & Associates Inc. purchased a new position in CoreWeave in the 2nd quarter worth approximately $49,000. SOA Wealth Advisors LLC. increased its holdings in shares of CoreWeave by 275.0% in 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 last quarter. Finally, Atlantic Union Bankshares Corp purchased a new stake in shares of CoreWeave during the 2nd quarter valued at $61,000.

Insider Activity at CoreWeave

In related news, Director Jack D. Cogen sold 1,112,004 shares of CoreWeave stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $94.69, for a total value 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. The trade was a 8.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Magnetar Financial Llc sold 1,451,063 shares of the company’s stock in a transaction on 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 sale, 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 SEC filing for this sale provides additional information. Insiders sold 34,573,353 shares of company stock worth $4,371,228,594 in the last 90 days.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CRWV. Compass Point began coverage on shares of CoreWeave in a research report on Thursday. They issued a “buy” rating and a $150.00 target price for the company. Stifel Nicolaus set a $120.00 price objective on CoreWeave in a report on Tuesday, November 11th. Citizens Jmp upgraded CoreWeave from a “market perform” rating to an “outperform” rating and set a $180.00 price objective on the stock in a research report on Tuesday, September 16th. Cantor Fitzgerald reissued an “overweight” rating and set a $174.00 price objective on shares of CoreWeave in a report on Wednesday, November 5th. Finally, Arete Research raised CoreWeave from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 21st. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, twelve have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $128.62.

CoreWeave Trading Down 1.3%

NASDAQ CRWV opened at $77.36 on Monday. The firm has a market cap of $29.89 billion and a PE ratio of -67.86. CoreWeave Inc. has a 1-year low of $33.51 and a 1-year high of $187.00. The stock has a 50-day moving average of $122.82 and a 200-day moving average of $119.64. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 2.66.

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

About CoreWeave

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.