Atria Wealth Solutions Inc. Makes New Investment in CoreWeave Inc. $CRWV

Atria Wealth Solutions Inc. bought a new position in CoreWeave Inc. (NASDAQ:CRWV) in the 2nd quarter, Holdings Channel reports. The firm bought 4,451 shares of the company’s stock, valued at approximately $735,000.

Other hedge funds have also made changes to their positions in the company. Apexium Financial LP purchased a new stake in shares of CoreWeave in the 2nd quarter worth $1,044,000. Chung Wu Investment Group LLC purchased a new stake in shares of CoreWeave in the 2nd quarter worth $755,000. Cisco Systems Inc. purchased a new stake in shares of CoreWeave in the 2nd quarter worth $173,493,000. Gamco Investors INC. ET AL purchased a new stake in shares of CoreWeave in the 1st quarter worth $318,000. Finally, Magnus Financial Group LLC purchased a new stake in shares of CoreWeave in the 2nd quarter worth $903,000.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Stifel Nicolaus upped their target price on CoreWeave from $115.00 to $120.00 and gave the stock a “hold” rating in a report on Wednesday, August 13th. Arete upgraded 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 Research set a $165.00 price objective on CoreWeave and gave the stock a “buy” rating in a research note on Tuesday, September 23rd. Evercore ISI initiated 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. Finally, 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 note on Thursday, July 31st. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $127.64.

Insider Buying and Selling

In other CoreWeave news, major shareholder Magnetar Financial Llc sold 18,371 shares of the business’s stock in a transaction that occurred on Friday, October 17th. The shares were sold at an average price of $136.62, for a total transaction of $2,509,846.02. Following the sale, the insider owned 903,175 shares of the company’s stock, valued at approximately $123,391,768.50. The trade was a 1.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Brian M. Venturo sold 154,479 shares of the business’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $138.47, for a total transaction of $21,390,707.13. The disclosure for this sale can be found here. Insiders sold a total of 32,203,750 shares of company stock valued at $3,972,578,697 over the last quarter.

CoreWeave Price Performance

Shares of NASDAQ CRWV opened at $136.87 on Friday. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.52 and a current ratio of 0.52. CoreWeave Inc. has a 1-year low of $33.51 and a 1-year high of $187.00. The business has a fifty day moving average price of $117.09 and a 200 day moving average price of $108.55.

CoreWeave (NASDAQ:CRWV) last released 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 during the quarter. The firm’s revenue was up 206.7% on a year-over-year basis. CoreWeave has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

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.