Praxis Investment Management Inc. Takes $222,000 Position in CoreWeave Inc. $CRWV

Praxis Investment Management Inc. purchased a new stake in shares of CoreWeave Inc. (NASDAQ:CRWV) in the 2nd quarter, Holdings Channel.com reports. The fund purchased 1,360 shares of the company’s stock, valued at approximately $222,000.

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

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Loop Capital assumed coverage on shares of CoreWeave in a research note on Friday, September 19th. They set a “buy” rating and a $165.00 target price for the company. Mizuho reissued a “neutral” rating and set a $150.00 target price (up previously from $70.00) on shares of CoreWeave in a research note on Tuesday, July 8th. Barclays lifted their target price on shares of CoreWeave from $100.00 to $140.00 and gave the stock an “equal weight” rating in a research note on Monday, July 21st. Needham & Company LLC reissued a “hold” rating on shares of CoreWeave in a research note on Wednesday, August 13th. Finally, Arete Research raised shares of CoreWeave from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 21st. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $127.64.

Insiders Place Their Bets

In other news, major shareholder Magnetar Financial Llc sold 18,371 shares of CoreWeave stock in a transaction dated 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 completion of the transaction, the insider directly owned 903,175 shares in the company, valued at $123,391,768.50. This trade represents a 1.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brian M. Venturo sold 154,479 shares of CoreWeave stock in a transaction dated Wednesday, October 15th. The shares were 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 32,203,750 shares of company stock valued at $3,972,578,697 over the last 90 days.

CoreWeave Stock Down 3.4%

NASDAQ:CRWV opened at $136.87 on Monday. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.52 and a current ratio of 0.52. The firm has a fifty day simple moving average of $117.09 and a two-hundred day simple moving average of $108.94. CoreWeave Inc. has a 12 month low of $33.51 and a 12 month high of $187.00.

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

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.