Renaissance Capital LLC Acquires New Holdings in CoreWeave Inc. $CRWV

Renaissance Capital LLC bought a new stake in shares of CoreWeave Inc. (NASDAQ:CRWV) in the 2nd quarter, HoldingsChannel reports. The firm bought 31,465 shares of the company’s stock, valued at approximately $5,131,000. CoreWeave accounts for about 3.6% of Renaissance Capital LLC’s investment portfolio, making the stock its 12th largest position.

Other hedge funds have also recently made changes to their positions in the company. Western Pacific Wealth Management LP bought a new stake in CoreWeave during the 2nd quarter valued at $82,000. Webster Bank N. A. purchased a new stake in CoreWeave during the 2nd quarter valued at about $82,000. Farther Finance Advisors LLC purchased a new stake in CoreWeave during the 2nd quarter valued at about $90,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in CoreWeave during the 2nd quarter valued at about $117,000. Finally, Albion Financial Group UT bought a new position in CoreWeave during the 2nd quarter valued at about $163,000.

CoreWeave Stock Up 1.8%

CoreWeave stock opened at $122.52 on Tuesday. The company’s fifty day simple moving average is $110.81. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 2.79. CoreWeave Inc. has a 52-week low of $33.51 and a 52-week high of $187.00.

CoreWeave (NASDAQ:CRWV) last released 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 company 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.

Wall Street Analyst Weigh In

CRWV has been the topic of several recent research reports. Argus reiterated a “buy” rating and issued a $200.00 price objective on shares of CoreWeave in a research note on Thursday, August 14th. Loop Capital initiated coverage on shares of CoreWeave in a research note on Friday, September 19th. They issued a “buy” rating and a $165.00 price objective on the stock. Stifel Nicolaus increased their price objective on shares of CoreWeave from $115.00 to $120.00 and gave the stock a “hold” rating in a research note on Wednesday, August 13th. Melius Research set a $165.00 price objective on shares of CoreWeave and gave the stock a “buy” rating in a research note on Tuesday, September 23rd. Finally, Citigroup upgraded shares of CoreWeave from a “neutral” rating to a “buy” rating and set a $160.00 price objective on the stock in a research note on Thursday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, CoreWeave currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.89.

Insider Buying and Selling at CoreWeave

In other news, insider Brannin Mcbee sold 250,000 shares of the stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $131.83, for a total value of $32,957,500.00. Following the sale, the insider owned 121,965 shares of the company’s stock, valued at approximately $16,078,645.95. This represents a 67.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael N. Intrator sold 32,455 shares of the stock in a transaction on Wednesday, September 24th. The shares were sold at an average price of $130.14, for a total transaction of $4,223,693.70. Following the completion of the sale, the chief executive officer directly owned 7,088,420 shares in the company, valued at approximately $922,486,978.80. This represents a 0.46% decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,928,066 shares of company stock worth $2,247,880,573 in the last ninety days.

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.