20,500 Shares in CoreWeave Inc. $CRWV Purchased by Bleakley Financial Group LLC

Bleakley Financial Group LLC bought a new stake in shares of CoreWeave Inc. (NASDAQ:CRWV) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 20,500 shares of the company’s stock, valued at approximately $3,343,000.

Several other hedge funds have also recently modified their holdings of the business. Gamco Investors INC. ET AL bought a new position in shares of CoreWeave during the first quarter valued at approximately $318,000. Goldman Sachs Group Inc. purchased a new stake in CoreWeave during the first quarter worth $963,000. Howard Financial Services LTD. purchased a new stake in CoreWeave during the second quarter worth $489,000. McAlister Sweet & Associates Inc. bought a new stake in CoreWeave during the 2nd quarter valued at $277,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in CoreWeave during the 2nd quarter valued at $117,000.

Wall Street Analyst Weigh In

CRWV has been the subject of several recent research reports. Hsbc Global Res raised CoreWeave to a “moderate sell” rating in a research report on Thursday, July 17th. Arete Research upgraded shares of CoreWeave from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 21st. HC Wainwright upgraded shares of CoreWeave from a “neutral” rating to a “buy” rating and set a $180.00 price objective for the company in a research note on Thursday, August 21st. Moffett Nathanson raised 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. Finally, Wells Fargo & Company raised shares of CoreWeave from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $105.00 to $170.00 in a report on Tuesday, September 23rd. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, CoreWeave currently has an average rating of “Moderate Buy” and an average price target of $127.64.

CoreWeave Price Performance

Shares of CRWV stock opened at $123.34 on Friday. CoreWeave Inc. has a fifty-two week low of $33.51 and a fifty-two week high of $187.00. The company has a debt-to-equity ratio of 2.79, a current ratio of 0.52 and a quick ratio of 0.52. The stock’s 50-day simple moving average is $116.91 and its 200-day simple moving average is $110.19.

CoreWeave (NASDAQ:CRWV) last posted its quarterly earnings results on Tuesday, August 12th. The company reported ($0.27) earnings per share (EPS) 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 business’s revenue 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.

Insider Activity

In related news, Director Jack D. Cogen sold 1,112,004 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $94.69, for a total transaction of $105,295,658.76. Following the sale, the director directly owned 12,329,676 shares of the company’s stock, valued at $1,167,497,020.44. This trade represents a 8.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Magnetar Financial Llc sold 1,451,063 shares of the business’s stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $125.60, for a total value of $182,253,512.80. Following the completion of the transaction, the insider directly owned 363,631 shares of the company’s stock, valued at $45,672,053.60. The trade was a 79.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 32,247,931 shares of company stock valued at $3,978,619,565.

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.