Global Retirement Partners LLC Takes $439,000 Position in CoreWeave Inc. $CRWV

Global Retirement Partners LLC purchased a new position in shares of CoreWeave Inc. (NASDAQ:CRWV) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,690 shares of the company’s stock, valued at approximately $439,000.

A number of other institutional investors have also recently bought and sold shares of the business. Jefferies Financial Group Inc. bought a new position in shares of CoreWeave during the second quarter worth approximately $1,889,000. Titleist Asset Management LLC acquired a new stake in CoreWeave during the second quarter worth approximately $206,000. Vestor Capital LLC bought a new position in CoreWeave during the 2nd quarter worth $11,009,000. AGP Franklin LLC bought a new position in CoreWeave during the 2nd quarter worth $2,148,000. Finally, AlphaCore Capital LLC acquired a new position in CoreWeave in the 2nd quarter valued at $202,000.

Insider Buying and Selling at CoreWeave

In other news, CEO Michael N. Intrator sold 32,455 shares of the business’s stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $74.71, for a total transaction of $2,424,713.05. Following the sale, the chief executive officer directly owned 5,958,600 shares in the company, valued at approximately $445,167,006. The trade was a 0.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Chen Goldberg sold 13,740 shares of the firm’s stock in a transaction that occurred 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 transaction, the senior vice president owned 23,344 shares of the company’s stock, valued at approximately $2,119,401.76. This trade represents a 37.05% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 32,055,796 shares of company stock worth $4,121,978,628 over the last three months.

CoreWeave Trading Down 1.6%

Shares of CoreWeave stock opened at $73.12 on Friday. The firm’s 50 day moving average is $114.63 and its 200 day moving average is $120.55. The firm has a market capitalization of $28.25 billion and a PE ratio of -50.43. CoreWeave Inc. has a 1 year low of $33.51 and a 1 year high of $187.00. 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 issued 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 analyst estimates of $1.28 billion. The business’s quarterly revenue was up 133.7% on a year-over-year basis. During the same quarter in the prior year, the business earned ($1.82) EPS. CoreWeave has set its FY 2025 guidance at EPS.

Analyst Ratings Changes

Several analysts have recently issued reports on CRWV shares. Argus reissued a “buy” rating and set a $200.00 target price on shares of CoreWeave in a report on Thursday, August 14th. Morgan Stanley increased their price objective on shares of CoreWeave from $91.00 to $99.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 11th. Compass Point started coverage on shares of CoreWeave in a report on Thursday, November 13th. They issued a “buy” rating and a $150.00 target price on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of CoreWeave in a report on Wednesday, August 13th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $110.00 price objective on shares of CoreWeave in a research note on Tuesday, November 11th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, twelve have issued a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.