CoreWeave (NASDAQ:CRWV) Trading Down 1.9% – Time to Sell?

CoreWeave Inc. (NASDAQ:CRWV) dropped 1.9% during trading on Thursday . The company traded as low as $80.55 and last traded at $81.10. 17,876,034 shares changed hands during trading, a decline of 37% from the average daily volume of 28,216,582 shares. The stock had previously closed at $82.64.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Robert W. Baird upgraded CoreWeave to “strong-buy,” which can support the stock by signaling confidence in the company’s long-term growth story. Zacks.com: CoreWeave was upgraded by Robert W. Baird to strong-buy.
• Positive Sentiment: One analyst article continues to highlight CoreWeave as a “pioneer” in AI infrastructure, reinforcing the market’s view that the company remains a key beneficiary of AI demand. Why this analyst is pounding the table on Pioneer CoreWeave stock.
• Neutral Sentiment: New comparison pieces versus Datadog, Nebius, and Cloudflare are keeping CoreWeave in the spotlight as investors weigh its revenue growth against other high-growth tech and AI cloud peers. CoreWeave vs. Datadog: What Do the Revenue Trends of These High-Growth Tech Companies Tell Investors?
• Neutral Sentiment: Reported short interest data showed no meaningful change in the stock’s short positioning, so this headline is unlikely to be a major driver of CRWV’s move.
• Negative Sentiment: Barclays reportedly lowered expectations for CoreWeave, a sign that some analysts are becoming more cautious about the stock’s valuation and near-term upside. Barclays Has Lowered Expectations for CoreWeave (NASDAQ:CRWV) Stock Price.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CRWV shares. Wells Fargo & Company boosted their price objective on shares of CoreWeave from $135.00 to $155.00 and gave the stock an “overweight” rating in a report on Friday, May 8th. BTIG Research initiated coverage on shares of CoreWeave in a report on Wednesday. They set a “buy” rating on the stock. Barclays decreased their target price on shares of CoreWeave from $120.00 to $90.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Wolfe Research reissued an “outperform” rating on shares of CoreWeave in a research note on Monday, July 6th. Finally, DA Davidson restated a “neutral” rating and set a $100.00 price target (down from $175.00) on shares of CoreWeave in a research report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $136.25.

CoreWeave Price Performance

The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 3.68. The stock has a market cap of $32.17 billion, a P/E ratio of -23.11 and a beta of 7.17. The firm’s fifty day moving average price is $97.04 and its 200-day moving average price is $95.31.

CoreWeave (NASDAQ:CRWV) last issued its earnings results on Thursday, May 7th. The company reported ($1.40) EPS for the quarter, missing the consensus estimate of ($1.17) by ($0.23). The firm had revenue of $2.08 billion during the quarter. CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.The firm’s revenue for the quarter was up 111.6% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.60) earnings per share. Analysts forecast that CoreWeave Inc. will post -4.57 earnings per share for the current year.

Insider Buying and Selling at CoreWeave

In other news, major shareholder Magnetar Financial Llc sold 1,284,876 shares of the stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $119.91, for a total transaction of $154,069,481.16. Following the completion of the sale, the insider directly owned 264,061 shares in the company, valued at approximately $31,663,554.51. This represents a 82.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Brian M. Venturo sold 375,000 shares of the firm’s stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $109.03, for a total value of $40,886,250.00. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 17,070,099 shares of company stock worth $1,982,943,238. 24.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CoreWeave

Institutional investors and hedge funds have recently bought and sold shares of the business. Pin Oak Investment Advisors Inc. purchased a new position in shares of CoreWeave during the third quarter valued at approximately $34,000. Cornerstone Planning Group LLC raised its holdings in CoreWeave by 272.8% in the 4th quarter. Cornerstone Planning Group LLC now owns 343 shares of the company’s stock worth $25,000 after purchasing an additional 251 shares in the last quarter. Cullen Frost Bankers Inc. lifted its position in shares of CoreWeave by 45.8% in the 4th quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock worth $28,000 after purchasing an additional 121 shares during the period. Greenline Wealth Management LLC bought a new stake in shares of CoreWeave during the 4th quarter valued at about $28,000. Finally, Cassaday & Co Wealth Management LLC bought a new stake in shares of CoreWeave during the 1st quarter valued at about $31,000.

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.