PFG Investments LLC Invests $1.04 Million in CoreWeave Inc. $CRWV

PFG Investments LLC acquired a new position in CoreWeave Inc. (NASDAQ:CRWV) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 6,352 shares of the company’s stock, valued at approximately $1,036,000.

A number of other institutional investors also recently bought and sold shares of CRWV. Cisco Systems Inc. purchased a new position in CoreWeave during the second quarter valued at $173,493,000. Sivia Capital Partners LLC bought a new position in shares of CoreWeave in the second quarter worth about $39,824,000. Renaissance Capital LLC purchased a new position in shares of CoreWeave during the 2nd quarter valued at about $5,131,000. Goldman Sachs Group Inc. bought a new position in shares of CoreWeave during the 1st quarter valued at approximately $963,000. Finally, Floyd Financial Group LLC purchased a new stake in CoreWeave in the 2nd quarter worth approximately $2,714,000.

CoreWeave Price Performance

CRWV opened at $138.00 on Friday. The firm’s 50-day moving average is $111.53. CoreWeave Inc. has a 52 week low of $33.51 and a 52 week high of $187.00. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 2.79.

CoreWeave (NASDAQ:CRWV) last issued its earnings results on Tuesday, August 12th. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by ($0.07). The firm had revenue of $1.21 million during the quarter. CoreWeave’s quarterly 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 equities analysts have weighed in on the stock. Stifel Nicolaus lifted their price target on shares of CoreWeave from $115.00 to $120.00 and gave the company a “hold” rating in a report on Wednesday, August 13th. Mizuho restated 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. Macquarie upped their target price on shares of CoreWeave from $115.00 to $140.00 and gave the stock a “neutral” rating in a report on Monday. Melius raised CoreWeave from a “hold” rating to a “buy” rating and set a $165.00 price target on the stock in a report on Tuesday, September 23rd. Finally, Argus restated a “buy” rating and issued a $200.00 price objective on shares of CoreWeave in a research report on Thursday, August 14th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $127.64.

Insider Transactions at CoreWeave

In other news, CEO Michael N. Intrator sold 78,548 shares of the stock in a transaction that occurred on Tuesday, September 30th. The stock was sold at an average price of $139.44, for a total transaction of $10,952,733.12. Following the completion of the transaction, the chief executive officer directly owned 7,150,230 shares in the company, valued at approximately $997,028,071.20. This represents a 1.09% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Magnetar Financial Llc sold 149,524 shares of the firm’s stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $138.20, for a total transaction of $20,664,216.80. Following the completion of the transaction, the insider directly owned 1,005,811 shares of the company’s stock, valued at approximately $139,003,080.20. This trade represents a 12.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,131,600 shares of company stock valued at $2,692,449,288 over the last 90 days.

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.