Strait & Sound Wealth Management LLC Invests $493,000 in CoreWeave Inc. $CRWV

Strait & Sound Wealth Management LLC acquired a new stake in CoreWeave Inc. (NASDAQ:CRWV) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,025 shares of the company’s stock, valued at approximately $493,000.

A number of other hedge funds also recently added to or reduced their stakes in CRWV. Gamco Investors INC. ET AL purchased a new position in CoreWeave in the first quarter valued at about $318,000. Goldman Sachs Group Inc. purchased a new position in CoreWeave in the first quarter valued at about $963,000. Howard Financial Services LTD. purchased a new position in CoreWeave in the second quarter valued at about $489,000. McAlister Sweet & Associates Inc. purchased a new position in shares of CoreWeave during the 2nd quarter worth approximately $277,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of CoreWeave during the 2nd quarter worth approximately $117,000.

CoreWeave Stock Up 7.5%

Shares of CRWV opened at $132.55 on Friday. The firm has a market cap of $64.76 billion and a PE ratio of -116.27. The company’s fifty day moving average is $117.56 and its two-hundred day moving average is $111.27. CoreWeave Inc. has a fifty-two week low of $33.51 and a fifty-two week high of $187.00. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 2.79.

CoreWeave (NASDAQ:CRWV) 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 business had revenue of $1.21 million for the quarter. The firm’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.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. Loop Capital assumed coverage on shares of CoreWeave in a research note on Friday, September 19th. They set a “buy” rating and a $165.00 price objective for the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of CoreWeave in a research note on Wednesday, August 13th. Argus reissued a “buy” rating and set a $200.00 price objective on shares of CoreWeave in a research note on Thursday, August 14th. Northland Securities raised their price objective on shares of CoreWeave from $85.00 to $165.00 and gave the stock an “outperform” rating in a research note on Friday, July 18th. Finally, JMP Securities upgraded shares of CoreWeave from a “market perform” rating to a “market outperform” rating and set a $180.00 target price on the stock in a research report on Tuesday, September 16th. Two investment 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 data from MarketBeat.com, CoreWeave has an average rating of “Moderate Buy” and an average price target of $127.64.

Insiders Place Their Bets

In related news, Director Jack D. Cogen sold 1,112,004 shares of CoreWeave stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $94.69, for a total transaction of $105,295,658.76. Following the transaction, the director owned 12,329,676 shares in the company, valued at approximately $1,167,497,020.44. The trade was a 8.27% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Magnetar Financial Llc sold 1,451,063 shares of CoreWeave stock in a transaction on Friday, September 19th. The shares were sold at an average price of $125.60, for a total transaction of $182,253,512.80. Following the transaction, the insider owned 363,631 shares in the company, valued at $45,672,053.60. The trade was a 79.96% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,330,386 shares of company stock worth $3,988,396,579.

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.