Castle Rock Wealth Management LLC Makes New $501,000 Investment in CoreWeave Inc. $CRWV

Castle Rock Wealth Management LLC bought a new position in shares of CoreWeave Inc. (NASDAQ:CRWV) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 3,070 shares of the company’s stock, valued at approximately $501,000.

Other hedge funds have also modified their holdings of the company. Chelsea Counsel Co. purchased a new stake in shares of CoreWeave during the 2nd quarter worth about $33,000. SOA Wealth Advisors LLC. increased its position 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 in the last quarter. Western Pacific Wealth Management LP purchased a new stake in shares of CoreWeave in the second quarter valued at approximately $82,000. Webster Bank N. A. purchased a new stake in shares of CoreWeave in the second quarter valued at approximately $82,000. Finally, Farther Finance Advisors LLC purchased a new stake in shares of CoreWeave in the second quarter valued at approximately $90,000.

Wall Street Analyst Weigh In

CRWV has been the topic of a number of research reports. Melius Research set a $165.00 price target on shares of CoreWeave and gave the company a “buy” rating in a research note on Tuesday, September 23rd. Needham & Company LLC reissued a “hold” rating on shares of CoreWeave in a research note on Wednesday, August 13th. Mizuho reissued a “neutral” rating and issued a $150.00 target price (up from $70.00) on shares of CoreWeave in a research note on Tuesday, July 8th. Wells Fargo & Company raised shares of CoreWeave from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $105.00 to $170.00 in a research note on Tuesday, September 23rd. Finally, Raymond James Financial began coverage on shares of CoreWeave in a research report on Monday, September 15th. They set an “outperform” rating and a $130.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $127.64.

CoreWeave Trading Up 8.7%

CoreWeave stock opened at $139.98 on Thursday. CoreWeave Inc. has a fifty-two week low of $33.51 and a fifty-two week high of $187.00. The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 2.79. The firm has a 50 day moving average price of $113.53 and a 200 day moving average price of $105.30.

CoreWeave (NASDAQ:CRWV) last posted its earnings results on Tuesday, August 12th. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.07). The company had revenue of $1.21 million for the quarter. CoreWeave’s revenue for the quarter was up 206.7% on a year-over-year basis. CoreWeave has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

Insider Activity at CoreWeave

In related news, insider Brian M. Venturo sold 52,787 shares of CoreWeave stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $137.90, for a total value of $7,279,327.30. Following the completion of the sale, the insider owned 248,722 shares in the company, valued at approximately $34,298,763.80. This trade represents a 17.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Magnetar Financial Llc sold 63,318 shares of CoreWeave stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $137.63, for a total transaction of $8,714,456.34. Following the completion of the sale, the insider owned 339,232 shares of the company’s stock, valued at $46,688,500.16. This trade represents a 15.73% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,278,054 shares of company stock valued at $2,990,206,989 in the last quarter.

About CoreWeave

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.