Foundations Investment Advisors LLC Makes New $484,000 Investment in CoreWeave Inc. $CRWV

Foundations Investment Advisors LLC bought a new stake in CoreWeave Inc. (NASDAQ:CRWV) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 2,969 shares of the company’s stock, valued at approximately $484,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in CRWV. Apexium Financial LP purchased a new position in CoreWeave in the second quarter worth approximately $1,044,000. Chung Wu Investment Group LLC acquired a new position in shares of CoreWeave in the 2nd quarter valued at $755,000. Cisco Systems Inc. purchased a new position in shares of CoreWeave during the 2nd quarter worth $173,493,000. Gamco Investors INC. ET AL acquired a new stake in shares of CoreWeave during the 1st quarter worth about $318,000. Finally, Rockline Wealth Management LLC acquired a new stake in shares of CoreWeave during the 2nd quarter worth about $951,000.

CoreWeave Stock Down 0.6%

CRWV opened at $74.90 on Wednesday. CoreWeave Inc. has a one year low of $33.51 and a one year high of $187.00. The company has a debt-to-equity ratio of 2.66, a quick ratio of 0.49 and a current ratio of 0.49. The stock has a market capitalization of $28.94 billion and a P/E ratio of -51.66. The business’s 50-day simple moving average is $121.95 and its 200-day simple moving average is $120.02.

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

Insider Buying and Selling

In other CoreWeave news, major shareholder Magnetar Financial Llc sold 1,451,063 shares of the firm’s 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 directly owned 363,631 shares of the company’s stock, valued at approximately $45,672,053.60. This trade represents a 79.96% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 completion of the transaction, the director owned 12,329,676 shares in the company, 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. Over the last 90 days, insiders have sold 33,615,739 shares of company stock worth $4,284,590,906.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Bank of America lowered their target price on shares of CoreWeave from $168.00 to $140.00 and set a “neutral” rating for the company in a research note on Tuesday, November 11th. Needham & Company LLC restated a “hold” rating on shares of CoreWeave in a report on Wednesday, August 13th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of CoreWeave in a report on Wednesday, August 13th. Jefferies Financial Group decreased their price target on CoreWeave from $180.00 to $155.00 and set a “buy” rating on the stock in a research note on Tuesday, November 11th. Finally, Morgan Stanley raised their price target on CoreWeave from $91.00 to $99.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 11th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $130.14.

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.