Strengthening Families & Communities LLC Buys Shares of 3,011 CoreWeave Inc. $CRWV

Strengthening Families & Communities LLC purchased a new position in CoreWeave Inc. (NASDAQ:CRWV) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,011 shares of the company’s stock, valued at approximately $491,000.

A number of other hedge funds also recently modified their holdings of CRWV. Cisco Systems Inc. acquired a new position in shares of CoreWeave in the 2nd quarter valued at approximately $173,493,000. Sivia Capital Partners LLC bought a new position in CoreWeave in the second quarter valued at approximately $39,824,000. Virtus Wealth Solutions LLC acquired a new position in shares of CoreWeave in the second quarter valued at approximately $7,436,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of CoreWeave during the second quarter worth $6,992,000. Finally, Renaissance Capital LLC acquired a new stake in shares of CoreWeave during the second quarter worth $5,131,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CRWV shares. Cantor Fitzgerald reiterated an “overweight” rating and set a $116.00 target price on shares of CoreWeave in a report on Tuesday, September 16th. Morgan Stanley upped their price objective on CoreWeave from $58.00 to $91.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 31st. Barclays lifted their target price on CoreWeave from $100.00 to $140.00 and gave the company an “equal weight” rating in a research report on Monday, July 21st. Bank of America reduced their price target on CoreWeave from $185.00 to $168.00 and set a “neutral” rating for the company in a research report on Wednesday, August 13th. Finally, Arete Research upgraded shares of CoreWeave from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 21st. 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 issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $127.64.

Insider Buying and Selling

In related news, 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 stock was sold at an average price of $125.60, for a total transaction of $182,253,512.80. Following the transaction, the insider directly owned 363,631 shares of the company’s stock, valued at approximately $45,672,053.60. The trade was a 79.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jack D. Cogen sold 1,112,004 shares of the stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $94.69, for a total value of $105,295,658.76. Following the completion of the sale, the director owned 12,329,676 shares in the company, valued at approximately $1,167,497,020.44. This trade represents a 8.27% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,601,752 shares of company stock worth $3,317,675,109.

CoreWeave Price Performance

NASDAQ:CRWV opened at $138.43 on Friday. CoreWeave Inc. has a 1-year low of $33.51 and a 1-year high of $187.00. 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 current ratio of 0.52 and a quick ratio of 0.52.

CoreWeave (NASDAQ:CRWV) last announced its quarterly earnings results on Tuesday, August 12th. The company reported ($0.27) 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. 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 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.