TLDR
- Cathie Wood’s ARK ETFs purchased 239,083 CoreWeave (CRWV) shares worth approximately $19.9 million on September 17, 2026
- Rosenblatt Securities reiterated its “Buy” rating with a $250 price target, implying over 212% upside from the $79.88 opening price
- CoreWeave reported Q2 revenue of $2.58 billion, up 112.5% year over year, beating EPS estimates
- Insiders have sold over $629 million worth of stock in the last 90 days, including CEO Michael Intrator and major shareholder Magnetar Financial
- The stock sits well below its 52-week high of $153.20, with a consensus price target of $142.31 from analysts
ARK Invest added CoreWeave (CRWV) to its portfolio in a big way on Thursday, September 17, picking up 239,083 shares across multiple ETFs worth around $19.9 million.
CoreWeave, Inc. Class A Common Stock, CRWV
The bulk of the buy, 191,868 shares, went into the ARKK ETF. Another 47,215 shares were added to the ARKW ETF. It is one of the more sizable single-day moves ARK has made recently.
CoreWeave opened at $79.88 on Friday, September 18. That puts it well off its 52-week high of $153.20, and below both its 50-day moving average of $85.23 and its 200-day moving average of $94.04.
On the same day, Rosenblatt Securities reiterated its “Buy” rating on CRWV with a $250 price target. That would represent roughly 213% upside from where the stock opened Friday.
The broader analyst community is more cautious. Of 34 analysts covering the stock, 21 rate it a Buy, 10 a Hold, and three a Sell. The consensus price target sits at $142.31, giving a “Moderate Buy” overall rating.
CoreWeave’s most recent earnings, reported August 11, showed quarterly revenue of $2.58 billion, up 112.5% from the same period a year ago. The company posted a loss of $1.14 per share, which still beat the consensus estimate of a $1.52 loss.
Analysts Raise Price Targets
Several firms lifted their targets after those results. Robert W. Baird moved its target from $100 to $130 with an “Outperform” rating. Truist Financial raised its target from $155 to $165. Wells Fargo lifted its target from $155 to $160 with an “Overweight” rating.
Not everyone is bullish. Jefferies downgraded CRWV from Buy to Hold back in July.
CoreWeave carries a debt-to-equity ratio of 5.53, a negative return on equity of 47.95%, and a negative net margin of 25.41%. The company is not yet profitable. Analysts forecast a full-year loss of $5.19 per share.
The company is also planning a $3 billion convertible-debt offering and a potential $500 million expansion raise, moves that could increase interest costs and dilute existing stockholders.
Insider Selling Continues
Insider activity has been heavy on the sell side. In the last 90 days, insiders sold over 7 million shares worth approximately $630 million.
Major shareholder Magnetar Financial sold 307,131 shares on August 14 at an average price of $108.75, reducing its stake by 58.18%. CEO Michael Intrator sold 278,560 shares on June 30 at $97.43 per share, an 8.15% reduction in his position. That sale was made under a pre-arranged Rule 10b5-1 plan to cover tax obligations.
On the institutional side, Alyeska Investment Group increased its holdings by 55.7% in Q2, now owning over 10.8 million shares. Deutsche Bank, Altimeter Capital, and Amundi also added positions.
ARK also trimmed its position in Brera Holdings (SLMT), selling 4,619 shares worth $14,134 across the ARKK, ARKW, and ARKF ETFs.
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