Cwm LLC Buys 123,147 Shares of CoreWeave Inc. $CRWV

Cwm LLC lifted its stake in CoreWeave Inc. (NASDAQ:CRWV) by 283.0% in the second quarter, Holdings Channel.com reports. The fund owned 166,663 shares of the company’s stock after purchasing an additional 123,147 shares during the period. Cwm LLC’s holdings in CoreWeave were worth $27,176,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Chelsea Counsel Co. bought a new position in shares of CoreWeave in the second quarter worth $33,000. SOA Wealth Advisors LLC. boosted its holdings in shares of CoreWeave by 275.0% in the second quarter. SOA Wealth Advisors LLC. now owns 375 shares of the company’s stock worth $61,000 after acquiring an additional 275 shares during the period. Costello Asset Management INC boosted its holdings in shares of CoreWeave by 33.3% in the second quarter. Costello Asset Management INC now owns 400 shares of the company’s stock worth $65,000 after acquiring an additional 100 shares during the period. Western Pacific Wealth Management LP bought a new position in shares of CoreWeave in the second quarter worth $82,000. Finally, Webster Bank N. A. bought a new position in shares of CoreWeave in the second quarter worth $82,000.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Arete raised 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. Melius raised CoreWeave from a “hold” rating to a “buy” rating and set a $165.00 price objective for the company in a research note on Tuesday, September 23rd. Needham & Company LLC reissued a “hold” rating on shares of CoreWeave in a research note on Wednesday, August 13th. Weiss Ratings reissued a “sell (d)” rating on shares of CoreWeave in a research note on Saturday, September 27th. Finally, Evercore ISI assumed coverage on CoreWeave in a research note on Tuesday, September 30th. They set an “outperform” rating and a $175.00 price objective for the company. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eleven have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, CoreWeave has an average rating of “Moderate Buy” and a consensus target price of $127.64.

CoreWeave Stock Performance

Shares of CRWV stock opened at $138.43 on Monday. 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 business has a 50-day moving average price of $114.79 and a two-hundred day moving average price of $105.80. CoreWeave Inc. has a 12-month low of $33.51 and a 12-month high of $187.00.

CoreWeave (NASDAQ:CRWV) last issued its quarterly earnings results on Tuesday, August 12th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.07). The business had revenue of $1.21 million during the quarter. The business’s quarterly 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 other CoreWeave news, CEO Michael N. Intrator sold 15,174 shares of CoreWeave stock in a transaction dated Wednesday, October 8th. The stock was sold at an average price of $139.66, for a total transaction of $2,119,200.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Magnetar Financial Llc sold 208,207 shares of CoreWeave stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $148.80, for a total value of $30,981,201.60. Following the sale, the insider directly owned 950,211 shares of the company’s stock, valued at approximately $141,391,396.80. This trade represents a 17.97% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 27,601,752 shares of company stock valued at $3,317,675,109.

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.