11,603 Shares in CoreWeave Inc. $CRWV Bought by Prospera Financial Services Inc

Prospera Financial Services Inc bought a new position in shares of CoreWeave Inc. (NASDAQ:CRWV) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 11,603 shares of the company’s stock, valued at approximately $1,892,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CRWV. Chelsea Counsel Co. bought a new position in shares of CoreWeave during the second quarter worth about $33,000. Chilton Capital Management LLC acquired a new stake in CoreWeave during the 2nd quarter valued at approximately $39,000. SOA Wealth Advisors LLC. raised its holdings 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 purchasing an additional 275 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new position in shares of CoreWeave in the 2nd quarter worth approximately $61,000. Finally, Costello Asset Management INC boosted its stake in shares of 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 purchasing an additional 100 shares during the last quarter.

CoreWeave Stock Down 16.3%

Shares of CoreWeave stock opened at $88.39 on Wednesday. CoreWeave Inc. has a twelve month low of $33.51 and a twelve month 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. The company’s 50 day moving average is $123.33 and its 200 day moving average is $118.83. The company has a market cap of $43.18 billion and a price-to-earnings ratio of -77.54.

CoreWeave (NASDAQ:CRWV) last released its quarterly earnings results on Monday, November 10th. The company reported ($0.22) earnings per share for the quarter, beating the consensus estimate of ($0.36) by $0.14. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same period in the previous year, the company earned ($1.82) earnings per share. CoreWeave’s quarterly revenue was up 133.7% compared to the same quarter last year. CoreWeave has set its FY 2025 guidance at EPS.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of CoreWeave in a research note on Wednesday, August 13th. Citizens Jmp raised CoreWeave from a “market perform” rating to an “outperform” rating and set a $180.00 price objective for the company in a research report on Tuesday, September 16th. Arete raised CoreWeave from a “neutral” rating to a “buy” rating and set a $180.00 price objective on the stock in a research note on Thursday, August 21st. Seaport Res Ptn raised CoreWeave to a “hold” rating in a research note on Monday, September 15th. Finally, Macquarie lowered their target price on CoreWeave from $140.00 to $115.00 and set a “neutral” rating for the company in a report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, CoreWeave currently has an average rating of “Moderate Buy” and a consensus price target of $130.89.

Insider Activity

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 shares were sold at an average price of $125.60, for a total transaction of $182,253,512.80. Following the completion of the sale, the insider directly owned 363,631 shares in the company, valued at approximately $45,672,053.60. The trade was a 79.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jack D. Cogen sold 1,112,004 shares of the company’s stock in a transaction that occurred 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 sale, the director directly owned 12,329,676 shares of the company’s stock, valued at approximately $1,167,497,020.44. This represents a 8.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 36,743,427 shares of company stock worth $4,592,624,537 over the last three months.

About CoreWeave

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.