5,614 Shares in CoreWeave Inc. $CRWV Acquired by Sovereign Financial Group Inc.

Sovereign Financial Group Inc. bought a new position in shares of CoreWeave Inc. (NASDAQ:CRWV) during the second quarter, HoldingsChannel.com reports. The firm bought 5,614 shares of the company’s stock, valued at approximately $915,000.

A number of other hedge funds have also recently bought and sold shares of the company. Apollon Financial LLC acquired a new stake in CoreWeave during the second quarter worth approximately $219,000. Apollon Wealth Management LLC acquired a new stake in CoreWeave during the second quarter worth approximately $596,000. SLT Holdings LLC acquired a new stake in CoreWeave during the second quarter worth approximately $391,000. Strengthening Families & Communities LLC acquired a new stake in CoreWeave during the second quarter worth approximately $491,000. Finally, Blue Trust Inc. acquired a new stake in CoreWeave during the second quarter worth approximately $122,000.

Insiders Place Their Bets

In other news, Director Jack D. Cogen sold 1,112,004 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $94.69, for a total value of $105,295,658.76. Following the transaction, the director owned 12,329,676 shares of the company’s stock, valued at approximately $1,167,497,020.44. This trade represents a 8.27% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Magnetar Financial Llc sold 1,451,063 shares of CoreWeave stock in a transaction on Friday, September 19th. The stock was sold at an average price of $125.60, for a total transaction of $182,253,512.80. Following the sale, the insider directly owned 363,631 shares in the company, valued at $45,672,053.60. This trade represents a 79.96% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 27,601,752 shares of company stock worth $3,317,675,109.

Wall Street Analysts Forecast Growth

CRWV has been the topic of a number of analyst reports. Arete Research upgraded shares of CoreWeave from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 21st. Stifel Nicolaus increased their price target 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. Citigroup raised shares of CoreWeave from a “neutral” rating to a “buy” rating and set a $160.00 price target on the stock in a research note on Thursday, July 31st. Evercore ISI initiated coverage on shares of CoreWeave in a research note on Tuesday, September 30th. They set an “outperform” rating and a $175.00 price target on the stock. Finally, Raymond James Financial initiated coverage on shares of CoreWeave in a research note on Monday, September 15th. They set an “outperform” rating and a $130.00 price target on the stock. Two research 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 stock. According to MarketBeat.com, CoreWeave currently has a consensus rating of “Moderate Buy” and a consensus price target of $127.64.

CoreWeave Stock Performance

Shares of CRWV stock opened at $138.43 on Friday. The company’s fifty day simple moving average is $114.79 and its 200-day simple moving average is $105.80. CoreWeave Inc. has a 52 week low of $33.51 and a 52 week high of $187.00. The company has a debt-to-equity ratio of 2.79, a current ratio of 0.52 and a quick ratio of 0.52.

CoreWeave (NASDAQ:CRWV) last issued its 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 firm had revenue of $1.21 million for the quarter. The firm’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.

CoreWeave Company 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.