Truist Financial Corp Purchases New Holdings in CoreWeave Inc. $CRWV

Truist Financial Corp purchased a new stake in shares of CoreWeave Inc. (NASDAQ:CRWV) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 15,712 shares of the company’s stock, valued at approximately $2,562,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CRWV. Western Pacific Wealth Management LP bought a new position in CoreWeave during the second quarter valued at about $82,000. Webster Bank N. A. bought a new position in CoreWeave during the second quarter valued at about $82,000. Farther Finance Advisors LLC bought a new stake in shares of CoreWeave in the 2nd quarter valued at approximately $90,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of CoreWeave in the 2nd quarter valued at approximately $117,000. Finally, Albion Financial Group UT bought a new stake in shares of CoreWeave in the 2nd quarter valued at approximately $163,000.

CoreWeave Price Performance

NASDAQ CRWV opened at $143.08 on Friday. The stock’s 50 day simple moving average is $114.11 and its 200 day simple moving average is $105.57. CoreWeave Inc. has a one year low of $33.51 and a one year high of $187.00. 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 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 business had revenue of $1.21 million during the quarter. The company’s revenue for the quarter 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 firms have recently weighed in on CRWV. HC Wainwright upgraded CoreWeave from a “neutral” rating to a “buy” rating and set a $180.00 price objective on the stock in a research note on Thursday, August 21st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of CoreWeave in a research note on Wednesday, August 13th. Hsbc Global Res upgraded CoreWeave to a “moderate sell” rating in a research note on Thursday, July 17th. Northland Securities upped their price objective on CoreWeave from $85.00 to $165.00 and gave the company an “outperform” rating in a research note on Friday, July 18th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $116.00 price objective on shares of CoreWeave in a research note on Tuesday, September 16th. Two 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $127.64.

Insider Buying and Selling at CoreWeave

In other CoreWeave news, Director Jack D. Cogen sold 1,112,004 shares of the company’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $94.69, for a total transaction of $105,295,658.76. Following the transaction, the director owned 12,329,676 shares of the company’s stock, valued at approximately $1,167,497,020.44. This represents a 8.27% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Magnetar Financial Llc sold 1,451,063 shares of the company’s stock in a transaction 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 transaction, the insider directly owned 363,631 shares in the company, valued at approximately $45,672,053.60. This represents a 79.96% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 25,422,319 shares of company stock worth $3,009,610,759.

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.