Bessemer Group Inc. Invests $1.23 Million in CoreWeave Inc. $CRWV

Bessemer Group Inc. purchased a new position in shares of CoreWeave Inc. (NASDAQ:CRWV) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 7,520 shares of the company’s stock, valued at approximately $1,226,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Chelsea Counsel Co. acquired a new position in shares of CoreWeave during the 2nd quarter worth $33,000. Chilton Capital Management LLC acquired a new position in shares of CoreWeave during the 2nd quarter worth $39,000. SOA Wealth Advisors LLC. raised 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 worth $61,000 after buying an additional 275 shares during the last quarter. Costello Asset Management INC raised its stake in shares of 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 buying an additional 100 shares during the last quarter. Finally, Western Pacific Wealth Management LP acquired a new position in shares of CoreWeave during the 2nd quarter worth $82,000.

CoreWeave Trading Up 2.0%

NASDAQ CRWV opened at $133.71 on Friday. CoreWeave Inc. has a 12 month low of $33.51 and a 12 month high of $187.00. The company has a 50-day moving average of $121.76 and a 200-day moving average of $114.38. The company has a debt-to-equity ratio of 2.79, a current ratio of 0.52 and a quick ratio of 0.52. The company has a market cap of $65.33 billion and a P/E ratio of -117.29.

CoreWeave (NASDAQ:CRWV) last posted its quarterly earnings data on Tuesday, August 12th. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.07). The firm had revenue of $1.21 million for 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.

Insider Transactions at CoreWeave

In other news, major shareholder Magnetar Financial Llc sold 1,451,063 shares of the company’s stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $125.60, for a total transaction of $182,253,512.80. Following the completion of the transaction, the insider owned 363,631 shares of the company’s stock, valued at $45,672,053.60. This represents a 79.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Jack D. Cogen sold 1,112,004 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $94.69, for a total transaction of $105,295,658.76. Following the transaction, the director directly 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. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 36,604,188 shares of company stock valued at $4,576,093,275.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CRWV shares. Arete Research raised shares of CoreWeave from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 21st. Argus reissued a “buy” rating and issued a $200.00 target price on shares of CoreWeave in a research note on Thursday, August 14th. Weiss Ratings reissued a “sell (d+)” rating on shares of CoreWeave in a research note on Tuesday, October 14th. Melius Research set a $165.00 target price on shares of CoreWeave and gave the company a “buy” rating in a research note on Tuesday, September 23rd. Finally, Needham & Company LLC reissued a “hold” rating on shares of CoreWeave in a research note on Wednesday, August 13th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, CoreWeave presently has an average rating of “Moderate Buy” and a consensus target price of $127.64.

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.