Lighthouse Financial LLC Buys New Stake in CoreWeave Inc. $CRWV

Lighthouse Financial LLC purchased a new position in shares of CoreWeave Inc. (NASDAQ:CRWV) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 8,558 shares of the company’s stock, valued at approximately $1,171,000. CoreWeave comprises 0.8% of Lighthouse Financial LLC’s holdings, making the stock its 26th largest position.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Costello Asset Management INC lifted its stake in CoreWeave by 33.3% during the second quarter. Costello Asset Management INC now owns 400 shares of the company’s stock worth $65,000 after purchasing an additional 100 shares during the last quarter. Family Legacy Financial Solutions LLC raised its holdings in 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 purchasing an additional 125 shares in the last quarter. CoreCap Advisors LLC lifted its position in shares of CoreWeave by 29.6% during the 3rd quarter. CoreCap Advisors LLC now owns 644 shares of the company’s stock worth $88,000 after buying an additional 147 shares during the last quarter. Chelsea Counsel Co. acquired a new position in shares of CoreWeave in the 2nd quarter valued at $33,000. Finally, HighMark Wealth Management LLC purchased a new position in shares of CoreWeave in the 3rd quarter valued at $27,000.

Wall Street Analyst Weigh In

CRWV has been the subject of a number of research reports. Cantor Fitzgerald reissued an “overweight” rating and issued a $174.00 price target on shares of CoreWeave in a research report on Wednesday, November 5th. Jefferies Financial Group decreased their target price on CoreWeave from $155.00 to $120.00 and set a “buy” rating for the company in a research report on Monday, January 5th. Barclays cut their price target on CoreWeave from $120.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Monday. Raymond James Financial began coverage on CoreWeave in a research note on Monday, September 15th. They issued an “outperform” rating and a $130.00 price objective for the company. Finally, Melius raised shares of CoreWeave from a “hold” rating to a “buy” rating and set a $165.00 target price on the stock in a report on Tuesday, September 23rd. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, fourteen have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $123.81.

Insider Activity

In other CoreWeave news, insider Brannin Mcbee sold 28,000 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $79.28, for a total transaction of $2,219,840.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael N. Intrator sold 61,386 shares of the firm’s stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $76.15, for a total value of $4,674,543.90. Following the completion of the transaction, the chief executive officer directly owned 5,861,234 shares of the company’s stock, valued at $446,332,969.10. The trade was a 1.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 11,253,533 shares of company stock valued at $1,374,354,049 in the last three months.

CoreWeave Trading Up 12.2%

NASDAQ:CRWV opened at $89.93 on Tuesday. CoreWeave Inc. has a 12-month low of $33.51 and a 12-month high of $187.00. The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 2.66. The stock’s 50 day simple moving average is $81.06 and its 200-day simple moving average is $108.70. The firm has a market cap of $34.75 billion and a P/E ratio of -62.02.

CoreWeave (NASDAQ:CRWV) last issued its quarterly earnings results on Monday, November 10th. The company reported ($0.22) earnings per share for the quarter, topping the consensus estimate of ($0.36) by $0.14. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.28 billion. CoreWeave’s revenue for the quarter was up 133.7% compared to the same quarter last year. During the same period in the prior year, the business earned ($1.82) earnings per share.

About CoreWeave

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.