CoreWeave (NASDAQ:CRWV) Shares Down 2.9% – What’s Next?

CoreWeave Inc. (NASDAQ:CRWV) dropped 2.9% during mid-day trading on Monday. The stock traded as low as $83.53 and last traded at $85.07. Approximately 18,475,314 shares changed hands during trading, a decline of 35% from the average daily volume of 28,542,680 shares. The stock had previously closed at $87.59.

More CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave’s pricing increases have reportedly not slowed backlog growth, suggesting demand for its AI infrastructure remains strong and that customers may be accepting higher rates. CoreWeave: Pricing Increases Aren’t Denting Unmatched Backlog Growth
• Positive Sentiment: Recent coverage highlights a backlog of approximately $104.2 billion, contracted revenue supporting much of the company’s asset-level debt, and raised 2026 revenue guidance of $12.4 billion to $13.2 billion. These factors reinforce the bullish case that scale and pre-sold capacity can support profitability despite substantial capital spending. CoreWeave: Selling Compute Remains Highly Profitable Despite Heavy CapEx And Debt
• Positive Sentiment: JPMorgan upgraded CoreWeave, arguing that the recent pullback was unjustified, while UBS has begun coverage with a Buy rating. These recommendations provide fresh institutional support for the stock. CoreWeave Comes With Risks: Analysts Split on What Matters Most
• Neutral Sentiment: A report discusses a roughly $30 million “rate test” involving CoreWeave, but the available information does not establish whether it represents a material change to the company’s outlook. CoreWeave, Inc. Has a $30 Million Rate Test
• Neutral Sentiment: CoreWeave is included in discussion of stocks associated with President Donald Trump and Cathie Wood, which may increase visibility but does not change the company’s fundamentals. Donald Trump, Cathie Wood Bet on the Same 32 Stocks
• Negative Sentiment: Rothschild initiated coverage with a Sell rating, citing CoreWeave’s leverage. The company’s debt-to-equity ratio is 5.53, and it remains unprofitable, making execution and financing risks important concerns. CoreWeave Comes With Risks: Analysts Split on What Matters Most
• Negative Sentiment: CoreWeave remains about 53% below its all-time high as investors question whether AI-infrastructure valuations can be sustained. Its negative earnings, heavy capital requirements and broader AI-bubble concerns continue to pressure sentiment. CoreWeave and Nebius Stocks in a Bear Market as AI Bubble Risk Persists

Wall Street Analyst Weigh In

Several brokerages have recently commented on CRWV. Barclays raised their target price on CoreWeave from $90.00 to $105.00 and gave the company an “equal weight” rating in a research note on Thursday, August 13th. Weiss Ratings restated a “sell (d-)” rating on shares of CoreWeave in a research note on Monday, September 21st. TD Cowen raised shares of CoreWeave to a “buy” rating in a research report on Wednesday, July 22nd. BNP Paribas Exane initiated coverage on CoreWeave in a report on Tuesday, June 2nd. They set an “outperform” rating and a $192.00 price objective for the company. Finally, Roth Capital set a $145.00 price target on CoreWeave in a report on Thursday, August 13th. Twenty-three investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $138.78.

CoreWeave Stock Up 1.0%

The company has a debt-to-equity ratio of 5.53, a quick ratio of 0.46 and a current ratio of 0.46. The firm has a market capitalization of $39.43 billion, a P/E ratio of -23.54 and a beta of 7.45. The stock has a 50 day moving average of $86.46 and a 200-day moving average of $94.59.

CoreWeave (NASDAQ:CRWV) last released its quarterly earnings data on Tuesday, August 11th. The company reported ($1.14) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.52) by $0.38. The business had revenue of $2.58 billion during the quarter. CoreWeave had a negative net margin of 25.41% and a negative return on equity of 47.95%. The firm’s quarterly revenue was up 112.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.27) earnings per share. Research analysts predict that CoreWeave Inc. will post -5.2 earnings per share for the current fiscal year.

Insider Buying and Selling at CoreWeave

In other news, CEO Michael Intrator sold 200,000 shares of the stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $78.23, for a total value of $15,646,000.00. Following the transaction, the chief executive officer owned 2,476,815 shares of the company’s stock, valued at $193,761,237.45. This represents a 7.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Magnetar Financial Llc sold 307,131 shares of CoreWeave stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $108.75, for a total value of $33,400,496.25. Following the sale, the insider directly owned 220,810 shares of the company’s stock, valued at approximately $24,013,087.50. This trade represents a 58.18% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 5,908,407 shares of company stock worth $513,390,836. Insiders own 24.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. QRG Capital Management Inc. grew its position in CoreWeave by 8.4% during the 2nd quarter. QRG Capital Management Inc. now owns 21,810 shares of the company’s stock worth $2,171,000 after acquiring an additional 1,692 shares during the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of CoreWeave during the second quarter worth about $378,000. Envestnet Asset Management Inc. grew its stake in shares of CoreWeave by 68.6% in the second quarter. Envestnet Asset Management Inc. now owns 71,795 shares of the company’s stock worth $7,146,000 after purchasing an additional 29,216 shares during the last quarter. State Street Corp increased its holdings in CoreWeave by 139.7% during the 2nd quarter. State Street Corp now owns 7,058,846 shares of the company’s stock valued at $702,638,000 after purchasing an additional 4,113,873 shares during the period. Finally, Wellington Altus USA Inc. increased its holdings in CoreWeave by 256.0% during the 2nd quarter. Wellington Altus USA Inc. now owns 534 shares of the company’s stock valued at $53,000 after purchasing an additional 384 shares during the period.

CoreWeave Company Profile

CoreWeave, Inc is a specialized cloud computing provider focused on infrastructure for artificial intelligence, machine learning and other data-intensive workloads. The company offers access to accelerated computing resources, including graphics processing units (GPUs), alongside central processing units, high-performance storage, networking and data center capacity.

Its platform supports AI model training, fine-tuning and inference, as well as visual effects, rendering, scientific computing and other demanding applications.