Huntleigh Advisors Inc. purchased a new position in shares of CoreWeave Inc. (NASDAQ:CRWV – Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,280 shares of the company’s stock, valued at approximately $372,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Chelsea Counsel Co. acquired a new position in CoreWeave during the 2nd quarter worth about $33,000. SOA Wealth Advisors LLC. lifted its position in CoreWeave by 275.0% during the 2nd quarter. SOA Wealth Advisors LLC. now owns 375 shares of the company’s stock worth $61,000 after buying an additional 275 shares in the last quarter. Costello Asset Management INC lifted its position in CoreWeave by 33.3% during the 2nd quarter. Costello Asset Management INC now owns 400 shares of the company’s stock valued at $65,000 after purchasing an additional 100 shares during the period. Webster Bank N. A. acquired a new position in CoreWeave during the 2nd quarter valued at about $82,000. Finally, Western Pacific Wealth Management LP acquired a new position in CoreWeave during the 2nd quarter valued at about $82,000.
Insider Buying and Selling
In related news, insider Brian M. Venturo sold 154,479 shares of the stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $138.47, for a total value of $21,390,707.13. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Magnetar Financial Llc sold 18,371 shares of the stock in a transaction that occurred on Friday, October 17th. The stock was sold at an average price of $136.62, for a total value of $2,509,846.02. Following the sale, the insider directly owned 903,175 shares of the company’s stock, valued at approximately $123,391,768.50. The trade was a 1.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,203,750 shares of company stock worth $3,972,578,697 over the last quarter.
CoreWeave Stock Down 3.4%
CoreWeave (NASDAQ:CRWV – Get Free Report) last announced its quarterly earnings results 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 company 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.
Analyst Ratings Changes
A number of research analysts have issued reports on CRWV shares. Hsbc Global Res upgraded shares of CoreWeave to a “moderate sell” rating in a research report on Thursday, July 17th. Argus restated a “buy” rating and set a $200.00 target price on shares of CoreWeave in a research report on Thursday, August 14th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of CoreWeave in a research report on Wednesday, August 13th. Weiss Ratings restated a “sell (d+)” rating on shares of CoreWeave in a research report on Tuesday, October 14th. Finally, Citizens Jmp upgraded shares of CoreWeave from a “market perform” rating to an “outperform” rating and set a $180.00 target price on the stock in a research report on Tuesday, September 16th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eleven have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, CoreWeave currently has an average rating of “Moderate Buy” and an average target price of $127.64.
Read Our Latest Stock Analysis on CRWV
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.
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