Virtus Wealth Solutions LLC Purchases 8,335 Shares of CoreWeave Inc. $CRWV

Virtus Wealth Solutions LLC raised its holdings in CoreWeave Inc. (NASDAQ:CRWVFree Report) by 18.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 53,939 shares of the company’s stock after buying an additional 8,335 shares during the quarter. CoreWeave accounts for about 1.4% of Virtus Wealth Solutions LLC’s investment portfolio, making the stock its 18th largest holding. Virtus Wealth Solutions LLC’s holdings in CoreWeave were worth $7,382,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CRWV. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in CoreWeave by 93.3% in the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 87,939 shares of the company’s stock worth $12,034,000 after buying an additional 42,439 shares during the period. AlphaCore Capital LLC raised its position in shares of CoreWeave by 502.6% in the 3rd quarter. AlphaCore Capital LLC now owns 7,472 shares of the company’s stock worth $1,023,000 after acquiring an additional 6,232 shares in the last quarter. US Bancorp DE lifted its stake in shares of CoreWeave by 1,213.3% in the 3rd quarter. US Bancorp DE now owns 4,242 shares of the company’s stock valued at $581,000 after purchasing an additional 3,919 shares during the period. Colonial Trust Advisors lifted its stake in shares of CoreWeave by 81.0% in the 3rd quarter. Colonial Trust Advisors now owns 3,050 shares of the company’s stock valued at $417,000 after purchasing an additional 1,365 shares during the period. Finally, TD Asset Management Inc boosted its position in shares of CoreWeave by 137.7% during the third quarter. TD Asset Management Inc now owns 50,480 shares of the company’s stock valued at $6,908,000 after purchasing an additional 29,240 shares in the last quarter.

Insiders Place Their Bets

In other CoreWeave news, CFO Nitin Agrawal sold 5,383 shares of the firm’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $90.84, for a total transaction of $488,991.72. Following the completion of the transaction, the chief financial officer owned 173,105 shares in the company, valued at $15,724,858.20. This trade represents a 3.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Brian M. Venturo sold 281,250 shares of CoreWeave stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $94.57, for a total transaction of $26,597,812.50. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 4,565,769 shares of company stock worth $388,715,556.

CoreWeave News Summary

Here are the key news stories impacting CoreWeave this week:

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CRWV. DA Davidson raised shares of CoreWeave from a “neutral” rating to a “buy” rating and lifted their price target for the company from $68.00 to $110.00 in a research report on Monday, January 26th. Weiss Ratings restated a “sell (d-)” rating on shares of CoreWeave in a research note on Monday, December 29th. Loop Capital lowered their price objective on CoreWeave from $165.00 to $120.00 and set a “buy” rating for the company in a research note on Wednesday, November 12th. Deutsche Bank Aktiengesellschaft raised CoreWeave from a “hold” rating to a “buy” rating and boosted their target price for the stock from $100.00 to $140.00 in a report on Tuesday, January 27th. Finally, Compass Point began coverage on shares of CoreWeave in a report on Thursday, November 13th. They set a “buy” rating and a $150.00 price target on the stock. Seventeen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $125.45.

Read Our Latest Research Report on CRWV

CoreWeave Stock Performance

Shares of NASDAQ CRWV opened at $98.01 on Thursday. The stock has a market cap of $37.87 billion and a PE ratio of -67.59. CoreWeave Inc. has a 1 year low of $33.51 and a 1 year high of $187.00. The firm has a fifty day moving average price of $88.35 and a 200-day moving average price of $100.39. The company has a debt-to-equity ratio of 2.66, a current ratio of 0.49 and a quick ratio of 0.49.

About CoreWeave

(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.

Featured Stories

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Institutional Ownership by Quarter for CoreWeave (NASDAQ:CRWV)

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