Fourth Dimension Wealth LLC bought a new stake in CoreWeave Inc. (NASDAQ:CRWV – Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 2,215 shares of the company’s stock, valued at approximately $361,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Chelsea Counsel Co. purchased a new stake in shares of CoreWeave in the second quarter valued at about $33,000. Chilton Capital Management LLC purchased a new stake in shares of CoreWeave in the second quarter valued at about $39,000. SOA Wealth Advisors LLC. raised its holdings in shares of CoreWeave by 275.0% in the second quarter. SOA Wealth Advisors LLC. now owns 375 shares of the company’s stock valued at $61,000 after buying an additional 275 shares during the last quarter. Costello Asset Management INC raised its holdings in shares of CoreWeave by 33.3% in the second quarter. Costello Asset Management INC now owns 400 shares of the company’s stock valued at $65,000 after buying an additional 100 shares during the last quarter. Finally, Western Pacific Wealth Management LP purchased a new stake in shares of CoreWeave in the second quarter valued at about $82,000.
Insider Transactions at CoreWeave
In other CoreWeave news, major shareholder Magnetar Financial Llc sold 1,451,063 shares of the stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $125.60, for a total value of $182,253,512.80. Following the completion of the transaction, the insider directly owned 363,631 shares of the company’s stock, valued at approximately $45,672,053.60. This trade represents a 79.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Jack D. Cogen sold 1,112,004 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $94.69, for a total transaction of $105,295,658.76. Following the completion of the transaction, the director directly 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 36,604,188 shares of company stock valued at $4,576,093,275.
CoreWeave Trading Down 8.4%
CoreWeave (NASDAQ:CRWV – Get Free Report) last issued its 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 business had revenue of $1.21 million for the quarter. CoreWeave’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.
Analysts Set New Price Targets
Several research analysts recently issued reports on the stock. Seaport Res Ptn raised shares of CoreWeave to a “hold” rating in a report on Monday, September 15th. Argus reissued a “buy” rating and set a $200.00 price target on shares of CoreWeave in a report on Thursday, August 14th. Arete Research raised shares of CoreWeave from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 21st. JMP Securities raised shares of CoreWeave from a “market perform” rating to a “market outperform” rating and set a $180.00 price target for the company in a report on Tuesday, September 16th. Finally, Moffett Nathanson increased their price target on shares of CoreWeave from $56.00 to $65.00 and gave the stock a “neutral” rating in a report on Tuesday, August 19th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eleven have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $127.64.
Get Our Latest Report on CoreWeave
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.
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