Monetta Financial Services Inc. Purchases Shares of 7,500 CoreWeave Inc. $CRWV

Monetta Financial Services Inc. acquired a new position in shares of CoreWeave Inc. (NASDAQ:CRWVFree Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,500 shares of the company’s stock, valued at approximately $1,026,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Family Legacy Financial Solutions LLC increased its stake in shares of CoreWeave by 166.7% during the third quarter. Family Legacy Financial Solutions LLC now owns 200 shares of the company’s stock worth $27,000 after purchasing an additional 125 shares during the period. HighMark Wealth Management LLC acquired a new position in CoreWeave in the 3rd quarter valued at $27,000. OLD Second National Bank of Aurora bought a new position in CoreWeave during the 3rd quarter worth $27,000. Aspect Partners LLC acquired a new stake in shares of CoreWeave during the third quarter worth $28,000. Finally, Princeton Global Asset Management LLC bought a new stake in shares of CoreWeave in the third quarter valued at about $28,000.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Barclays lowered their price target on shares of CoreWeave from $120.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Monday, January 12th. Compass Point started coverage on shares of CoreWeave in a research report on Thursday, November 13th. They set a “buy” rating and a $150.00 target price on the stock. Cantor Fitzgerald reiterated an “overweight” rating and issued a $174.00 price target on shares of CoreWeave in a research report on Wednesday, November 5th. Morgan Stanley boosted their price target on CoreWeave from $91.00 to $99.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 11th. Finally, Jefferies Financial Group dropped their price objective on CoreWeave from $155.00 to $120.00 and set a “buy” rating for the company in a report on Monday, January 5th. Seventeen analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.45.

Read Our Latest Analysis on CRWV

CoreWeave Stock Performance

NASDAQ CRWV opened at $90.84 on Tuesday. CoreWeave Inc. has a 1 year low of $33.51 and a 1 year high of $187.00. The firm has a market capitalization of $35.10 billion and a price-to-earnings ratio of -62.65. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 2.66. The firm’s 50 day simple moving average is $87.08 and its 200 day simple moving average is $100.62.

More CoreWeave News

Here are the key news stories impacting CoreWeave this week:

Insiders Place Their Bets

In other news, CEO Michael N. Intrator sold 111,427 shares of the company’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $72.39, for a total value of $8,066,200.53. Following the sale, the chief executive officer directly owned 5,922,620 shares of the company’s stock, valued at approximately $428,738,461.80. This represents a 1.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Brian M. Venturo sold 281,250 shares of the stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of $74.44, for a total transaction of $20,936,250.00. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 4,820,751 shares of company stock worth $407,231,149.

CoreWeave Company Profile

(Free Report)

CoreWeave is a U.S.-based provider of GPU-accelerated cloud infrastructure designed to support compute-intensive workloads such as artificial intelligence, machine learning, visual effects rendering and other high-performance computing applications. The company supplies access to large fleets of modern GPUs and complementary infrastructure that enable customers to train and deploy large models, run inference at scale, and process graphics-heavy workloads with low latency and high throughput.

CoreWeave’s product offering includes on-demand and dedicated GPU instances, bare-metal servers, private clusters and managed services tailored for enterprise and developer use.

See Also

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Institutional Ownership by Quarter for CoreWeave (NASDAQ:CRWV)

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