Mitchell Mcleod Pugh & Williams Inc. Acquires New Holdings in CoreWeave Inc. $CRWV

Mitchell Mcleod Pugh & Williams Inc. acquired a new stake in CoreWeave Inc. (NASDAQ:CRWV) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,260 shares of the company’s stock, valued at approximately $205,000.

A number of other large investors have also recently added to or reduced their stakes in CRWV. Chelsea Counsel Co. acquired a new stake in CoreWeave in the 2nd quarter valued at about $33,000. SOA Wealth Advisors LLC. grew its stake in CoreWeave by 275.0% in the 2nd quarter. SOA Wealth Advisors LLC. now owns 375 shares of the company’s stock valued at $61,000 after acquiring an additional 275 shares during the last quarter. Costello Asset Management INC grew its stake in CoreWeave by 33.3% in the 2nd quarter. Costello Asset Management INC now owns 400 shares of the company’s stock valued at $65,000 after acquiring an additional 100 shares during the last quarter. Western Pacific Wealth Management LP acquired a new stake in shares of CoreWeave during the 2nd quarter worth about $82,000. Finally, Webster Bank N. A. acquired a new stake in shares of CoreWeave during the 2nd quarter worth about $82,000.

Insider Activity at CoreWeave

In related news, CEO Michael N. Intrator sold 15,174 shares of the firm’s stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $139.66, for a total value of $2,119,200.84. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Magnetar Financial Llc sold 17,789 shares of the firm’s stock in a transaction that occurred on Tuesday, October 14th. The stock was sold at an average price of $137.19, for a total transaction of $2,440,472.91. Following the completion of the sale, the insider directly owned 327,394 shares in the company, valued at $44,915,182.86. This represents a 5.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 28,611,578 shares of company stock worth $3,464,713,965 over the last three months.

CoreWeave Price Performance

CRWV opened at $139.24 on Thursday. The company’s 50 day simple moving average is $116.53 and its 200 day simple moving average is $106.93. The company has a debt-to-equity ratio of 2.79, a current ratio of 0.52 and a quick 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 released its earnings results on Tuesday, August 12th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.07). The company had revenue of $1.21 million for the quarter. CoreWeave’s revenue for the quarter was up 206.7% compared to the same quarter last year. CoreWeave has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

Wall Street Analyst Weigh In

CRWV has been the topic of several analyst reports. Seaport Res Ptn raised shares of CoreWeave to a “hold” rating in a research note on Monday, September 15th. HC Wainwright raised shares of CoreWeave from a “neutral” rating to a “buy” rating and set a $180.00 price target on the stock in a research note on Thursday, August 21st. JMP Securities raised shares of CoreWeave from a “market perform” rating to a “market outperform” rating and set a $180.00 price target on the stock in a research note on Tuesday, September 16th. HSBC initiated coverage on shares of CoreWeave in a research note on Wednesday, July 16th. They set a “reduce” rating and a $32.00 price target on the stock. Finally, Citigroup raised shares of CoreWeave from a “neutral” rating to a “buy” rating and set a $160.00 price target on the stock in a research note on Thursday, July 31st. Two 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 company. According to MarketBeat.com, CoreWeave currently has a consensus rating of “Moderate Buy” and a consensus target price of $127.64.

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.