Moore Capital Management LP Purchases Shares of 167,520 CoreWeave Inc. $CRWV

Moore Capital Management LP purchased a new stake in CoreWeave Inc. (NASDAQ:CRWV) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 167,520 shares of the company’s stock, valued at approximately $22,925,000.

Several other large investors also recently made changes to their positions in the stock. Family Legacy Financial Solutions LLC raised its holdings in shares of CoreWeave by 166.7% during the third quarter. Family Legacy Financial Solutions LLC now owns 200 shares of the company’s stock worth $27,000 after acquiring an additional 125 shares during the period. HighMark Wealth Management LLC acquired a new position in CoreWeave in the 3rd quarter worth $27,000. OLD Second National Bank of Aurora bought a new position in CoreWeave during the 3rd quarter worth about $27,000. Aspect Partners LLC bought a new position in CoreWeave during the 3rd quarter worth about $28,000. Finally, Princeton Global Asset Management LLC acquired a new stake in shares of CoreWeave in the 3rd quarter valued at about $28,000.

CoreWeave Stock Up 5.9%

CRWV stock opened at $85.86 on Tuesday. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 4.46. The business has a 50 day moving average price of $89.07 and a two-hundred day moving average price of $98.14. The company has a market cap of $35.98 billion and a price-to-earnings ratio of -26.83. CoreWeave Inc. has a twelve month low of $33.51 and a twelve month high of $187.00.

CoreWeave (NASDAQ:CRWV) last announced its quarterly earnings data on Thursday, February 26th. The company reported ($0.89) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.28). The company had revenue of $1.57 billion for the quarter. CoreWeave had a negative return on equity of 33.82% and a negative net margin of 22.75%.The company’s revenue was up 110.4% on a year-over-year basis.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Citizens Jmp restated a “market outperform” rating and issued a $180.00 price target on shares of CoreWeave in a report on Friday, February 27th. Barclays decreased their price objective on CoreWeave from $120.00 to $90.00 and set an “equal weight” rating for the company in a report on Monday, January 12th. Macquarie Infrastructure restated a “neutral” rating and issued a $115.00 target price on shares of CoreWeave in a research note on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft raised CoreWeave from a “hold” rating to a “buy” rating and upped their price target for the stock from $100.00 to $140.00 in a research report on Tuesday, January 27th. Finally, DA Davidson raised their price target on shares of CoreWeave from $110.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Eighteen equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $122.35.

Insider Activity at CoreWeave

In other CoreWeave news, insider Brian M. Venturo sold 281,250 shares of the stock in a transaction on Wednesday, December 24th. The shares were sold at an average price of $79.36, for a total value of $22,320,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Brannin Mcbee sold 300,000 shares of CoreWeave stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $72.61, for a total transaction of $21,783,000.00. Following the completion of the transaction, the insider directly owned 248,664 shares of the company’s stock, valued at approximately $18,055,493.04. This trade represents a 54.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 4,549,568 shares of company stock valued at $384,597,724.

CoreWeave Company Profile

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.