Prospera Financial Services Inc Makes New Investment in CoreWeave Inc. $CRWV

Prospera Financial Services Inc acquired a new position in CoreWeave Inc. (NASDAQ:CRWV) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 11,603 shares of the company’s stock, valued at approximately $1,892,000.

A number of other hedge funds also recently made changes to their positions in CRWV. Costello Asset Management INC raised its stake in CoreWeave by 33.3% during the 2nd quarter. Costello Asset Management INC now owns 400 shares of the company’s stock worth $65,000 after acquiring an additional 100 shares during the period. Chelsea Counsel Co. purchased a new stake in shares of CoreWeave in the second quarter worth $33,000. Chilton Capital Management LLC bought a new stake in shares of CoreWeave during the 2nd quarter valued at $39,000. SOA Wealth Advisors LLC. lifted its stake in shares of CoreWeave by 275.0% during the 2nd quarter. SOA Wealth Advisors LLC. now owns 375 shares of the company’s stock valued at $61,000 after buying an additional 275 shares in the last quarter. Finally, Atlantic Union Bankshares Corp bought a new position in CoreWeave in the 2nd quarter worth $61,000.

CoreWeave Stock Performance

NASDAQ CRWV opened at $88.39 on Wednesday. The business’s 50 day moving average price is $123.33 and its 200-day moving average price is $118.83. CoreWeave Inc. has a fifty-two week low of $33.51 and a fifty-two week high of $187.00. The company has a market cap of $43.18 billion and a P/E ratio of -77.54. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.52 and a current ratio of 0.52.

CoreWeave (NASDAQ:CRWV) last posted its quarterly earnings data on Monday, November 10th. The company reported ($0.22) EPS for the quarter, topping the consensus estimate of ($0.36) by $0.14. The firm had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.28 billion. During the same period in the previous year, the firm earned ($1.82) earnings per share. The firm’s quarterly revenue was up 133.7% compared to the same quarter last year. CoreWeave has set its FY 2025 guidance at EPS.

Insider Activity

In other news, Director Jack D. Cogen sold 1,112,004 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $94.69, for a total value of $105,295,658.76. Following the sale, the director directly owned 12,329,676 shares in the company, valued at approximately $1,167,497,020.44. This represents a 8.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Magnetar Financial Llc sold 1,451,063 shares of the firm’s stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $125.60, for a total value of $182,253,512.80. Following the sale, the insider directly owned 363,631 shares of the company’s stock, valued at $45,672,053.60. This represents a 79.96% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 36,743,427 shares of company stock worth $4,592,624,537 over the last quarter.

Analyst Ratings Changes

A number of equities research analysts have commented on CRWV shares. Wells Fargo & Company raised CoreWeave from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $105.00 to $170.00 in a report on Tuesday, September 23rd. HC Wainwright upgraded CoreWeave from a “neutral” rating to a “buy” rating and set a $180.00 target price for the company in a research report on Thursday, August 21st. Melius Research set a $140.00 price target on CoreWeave in a report on Tuesday. Evercore ISI dropped their price target on CoreWeave from $175.00 to $160.00 and set an “outperform” rating for the company in a research note on Tuesday. Finally, Arete Research upgraded shares of CoreWeave from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 21st. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, twelve have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $130.89.

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.