AlphaCore Capital LLC Takes Position in CoreWeave Inc. $CRWV

AlphaCore Capital LLC bought a new position in CoreWeave Inc. (NASDAQ:CRWV) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 1,240 shares of the company’s stock, valued at approximately $202,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Chelsea Counsel Co. purchased a new stake in CoreWeave in the second quarter worth about $33,000. Archer Investment Corp bought a new stake in CoreWeave during the 2nd quarter worth approximately $34,000. Chilton Capital Management LLC purchased a new position in CoreWeave during the second quarter valued at approximately $39,000. TD Waterhouse Canada Inc. purchased a new stake in shares of CoreWeave in the second quarter worth $47,000. Finally, Montag A & Associates Inc. bought a new stake in shares of CoreWeave during the 2nd quarter valued at $49,000.

Insider Buying and Selling at CoreWeave

In related news, CFO Nitin Agrawal sold 5,841 shares of the firm’s stock in a transaction on Thursday, November 20th. The stock was sold at an average price of $82.55, for a total value of $482,174.55. Following the completion of the sale, the chief financial officer directly owned 151,159 shares in the company, valued at $12,478,175.45. This trade represents a 3.72% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kristen J. Mcveety sold 2,231 shares of the stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $82.55, for a total transaction of $184,169.05. Following the completion of the sale, the insider directly owned 2,195 shares in the company, valued at approximately $181,197.25. This represents a 50.41% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 32,767,065 shares of company stock valued at $4,203,496,471.

CoreWeave Price Performance

CoreWeave stock opened at $71.29 on Wednesday. CoreWeave Inc. has a 52-week low of $33.51 and a 52-week high of $187.00. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 2.66. The firm’s fifty day moving average is $117.54 and its 200 day moving average is $120.69. The company has a market cap of $27.55 billion and a price-to-earnings ratio of -49.17.

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

Wall Street Analyst Weigh In

CRWV has been the topic of a number of recent analyst reports. JMP Securities raised CoreWeave from a “market perform” rating to a “market outperform” rating and set a $180.00 price target on the stock in a report on Tuesday, September 16th. Macquarie dropped their price target on CoreWeave from $140.00 to $115.00 and set a “neutral” rating for the company in a research note on Tuesday, November 11th. Evercore ISI cut their price objective on shares of CoreWeave from $175.00 to $160.00 and set an “outperform” rating for the company in a report on Tuesday, November 11th. Arete Research upgraded shares of CoreWeave from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 21st. Finally, Compass Point initiated coverage on shares of CoreWeave in a research note on Thursday, November 13th. They issued a “buy” rating and a $150.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, CoreWeave has a consensus rating of “Moderate Buy” and an average price target of $130.14.

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.