Belpointe Asset Management LLC Invests $349,000 in CoreWeave Inc. $CRWV

Belpointe Asset Management LLC acquired a new stake in shares of CoreWeave Inc. (NASDAQ:CRWV) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,140 shares of the company’s stock, valued at approximately $349,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Chung Wu Investment Group LLC purchased a new position in CoreWeave during the second quarter valued at approximately $755,000. Wealthcare Advisory Partners LLC purchased a new position in CoreWeave during the second quarter valued at approximately $248,000. Apexium Financial LP purchased a new position in CoreWeave during the second quarter valued at approximately $1,044,000. Ameriflex Group Inc. purchased a new position in CoreWeave during the second quarter valued at approximately $188,000. Finally, Fortis Capital Advisors LLC purchased a new position in CoreWeave during the second quarter valued at approximately $349,000.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Argus reaffirmed a “buy” rating and set a $200.00 price objective on shares of CoreWeave in a research report on Thursday, August 14th. HC Wainwright upgraded shares of CoreWeave from a “neutral” rating to a “buy” rating and set a $180.00 target price for the company in a research note on Thursday, August 21st. Moffett Nathanson lifted their target price on shares of CoreWeave from $56.00 to $65.00 and gave the company a “neutral” rating in a research note on Tuesday, August 19th. Morgan Stanley lifted their target price on shares of CoreWeave from $58.00 to $91.00 and gave the company an “equal weight” rating in a research note on Thursday, July 31st. Finally, Melius upgraded shares of 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. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $127.64.

Insiders Place Their Bets

In other news, major shareholder Magnetar Financial Llc sold 208,207 shares of the business’s stock in a transaction on Friday, October 10th. The shares were sold at an average price of $148.80, for a total value of $30,981,201.60. Following the completion of the sale, the insider directly owned 950,211 shares in the company, valued at approximately $141,391,396.80. The trade was a 17.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Michael N. Intrator sold 15,174 shares of the business’s stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $139.66, for a total transaction of $2,119,200.84. The disclosure for this sale can be found here. Insiders sold 27,601,752 shares of company stock valued at $3,317,675,109 over the last 90 days.

CoreWeave Price Performance

Shares of CoreWeave stock opened at $138.43 on Friday. The firm has a fifty day simple moving average of $114.79 and a 200-day simple moving average of $105.80. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.52 and a current ratio of 0.52. CoreWeave Inc. has a 1-year low of $33.51 and a 1-year high of $187.00.

CoreWeave (NASDAQ:CRWV) last issued its quarterly earnings data on Tuesday, August 12th. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.07). The firm had revenue of $1.21 million for the quarter. CoreWeave’s revenue for the quarter was up 206.7% on a year-over-year basis. CoreWeave has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

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.