CreativeOne Wealth LLC Buys Shares of 2,350 CoreWeave Inc. $CRWV

CreativeOne Wealth LLC purchased a new position in CoreWeave Inc. (NASDAQ:CRWV) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,350 shares of the company’s stock, valued at approximately $383,000.

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

CoreWeave Stock Performance

NASDAQ CRWV opened at $73.12 on Friday. The company has a 50-day simple moving average of $114.63 and a two-hundred day simple moving average of $120.55. CoreWeave Inc. has a 12-month low of $33.51 and a 12-month high of $187.00. The firm has a market cap of $28.25 billion and a price-to-earnings ratio of -50.43. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 2.66.

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

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Stifel Nicolaus set a $120.00 price objective on shares of CoreWeave in a research report on Tuesday, November 11th. Argus reissued a “buy” rating and issued a $200.00 price target on shares of CoreWeave in a research note on Thursday, August 14th. HC Wainwright reissued a “buy” rating and issued a $180.00 price target on shares of CoreWeave in a report on Wednesday, November 12th. Compass Point initiated coverage on shares of CoreWeave in a research report on Thursday, November 13th. They issued a “buy” rating and a $150.00 target price for the company. Finally, Bank of America cut their price objective on CoreWeave from $168.00 to $140.00 and set a “neutral” rating for the company in a report on Tuesday, November 11th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, twelve have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $130.14.

Insider Transactions at CoreWeave

In related news, SVP Chen Goldberg sold 13,740 shares of the company’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $90.79, for a total transaction of $1,247,454.60. Following the completion of the sale, the senior vice president directly owned 23,344 shares in the company, valued at $2,119,401.76. This represents a 37.05% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Nitin Agrawal sold 3,640 shares of the firm’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $70.27, for a total transaction of $255,782.80. Following the completion of the sale, the chief financial officer directly owned 147,519 shares in the company, valued at approximately $10,366,160.13. This trade represents a 2.41% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 32,055,796 shares of company stock valued at $4,121,978,628.

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.