CoreWeave (NASDAQ:CRWV) Shares Down 5.6% – Time to Sell?

CoreWeave Inc. (NASDAQ:CRWV) shares were down 5.6% during mid-day trading on Monday . The stock traded as low as $106.61 and last traded at $111.29. 29,579,258 shares were traded during trading, an increase of 3% from the average daily volume of 28,590,139 shares. The stock had previously closed at $117.95.

Key CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave announced a new co-location agreement with Conapto to expand AI cloud capacity in Stockholm, giving it two campuses in Sweden powered by renewable energy and adding more European reach for its AI infrastructure platform. CoreWeave Partners With Conapto to Expand AI Cloud Capacity in Sweden Powered by Renewable Energy
• Positive Sentiment: Backblaze disclosed a five-year, $335 million storage agreement with CoreWeave, highlighting continued customer demand and validating CoreWeave’s growth in AI-related infrastructure spending. Backblaze Announces Five-Year Multi-Exabyte Data Storage Agreement with CoreWeave
• Positive Sentiment: CoreWeave was highlighted as a stock to watch in the “Vera Rubin” chip cycle, with articles pointing to its AI cloud growth, large backlog, and NVIDIA ties as reasons investors may see further upside. CoreWeave vs. Nebius: Which AI Infrastructure Stock Has More Upside?
• Positive Sentiment: Jim Cramer said he remains a believer in CoreWeave, adding another supportive bullish commentary for the stock. Jim Cramer Shares Why He’s A Believer In CoreWeave (CRWV)
• Neutral Sentiment: CoreWeave was mentioned in coverage about joining the Nasdaq-100, which can create passive buying demand, but the article provided limited direct company-specific details. SpaceX’s $20B Bond, Trump’s Quantum Executive Order, CRWV and NBIS Join the Nasdaq 100
• Negative Sentiment: Despite the positive deal flow, recent commentary noted CoreWeave stock has been falling and remains volatile, likely reflecting investor concern about valuation, leverage, and execution risk. CoreWeave stock is falling Tuesday: What’s driving the action?
• Negative Sentiment: Investors may also be reacting to CoreWeave’s weak balance sheet and recent earnings miss, with the company still posting losses and carrying elevated debt compared with its current assets.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CRWV shares. Barclays raised their target price on shares of CoreWeave from $106.00 to $120.00 and gave the stock an “equal weight” rating in a research report on Monday, May 11th. Jefferies Financial Group raised their target price on CoreWeave from $120.00 to $160.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Evercore reiterated an “outperform” rating and issued a $150.00 price objective on shares of CoreWeave in a report on Wednesday, April 15th. Needham & Company LLC restated a “hold” rating on shares of CoreWeave in a report on Friday, February 27th. Finally, DA Davidson reiterated a “neutral” rating and issued a $100.00 price target (down from $175.00) on shares of CoreWeave in a research note on Monday, May 18th. Twenty research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $131.52.

CoreWeave Trading Down 4.6%

The company has a market cap of $45.15 billion, a P/E ratio of -32.43 and a beta of 7.14. The company has a debt-to-equity ratio of 3.68, a current ratio of 0.31 and a quick ratio of 0.31. The stock’s 50-day moving average is $111.42 and its two-hundred day moving average is $94.42.

CoreWeave (NASDAQ:CRWV) last announced its earnings results on Thursday, May 7th. The company reported ($1.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.17) by ($0.23). The business had revenue of $2.08 billion for the quarter. CoreWeave had a negative net margin of 25.57% and a negative return on equity of 43.07%. The company’s revenue for the quarter was up 111.6% compared to the same quarter last year. During the same period last year, the business earned ($0.60) EPS. As a group, equities research analysts predict that CoreWeave Inc. will post -4.57 earnings per share for the current fiscal year.

Insider Buying and Selling

In other CoreWeave news, major shareholder Magnetar Financial Llc sold 1,404,667 shares of the business’s stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $118.30, for a total transaction of $166,172,106.10. Following the completion of the sale, the insider owned 282,570 shares of the company’s stock, valued at approximately $33,428,031. The trade was a 83.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Jack D. Cogen sold 986,540 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $107.80, for a total value of $106,349,012.00. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 27,822,618 shares of company stock valued at $3,156,634,374.

Hedge Funds Weigh In On CoreWeave

Large investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC raised its holdings in CoreWeave by 4.0% during the first quarter. Parallel Advisors LLC now owns 2,340 shares of the company’s stock valued at $181,000 after acquiring an additional 91 shares during the period. Pathway Wealth Management LLC raised its stake in CoreWeave by 2.9% during the 1st quarter. Pathway Wealth Management LLC now owns 3,593 shares of the company’s stock valued at $278,000 after purchasing an additional 100 shares during the period. Azzad Asset Management Inc. ADV raised its stake in CoreWeave by 2.1% during the 1st quarter. Azzad Asset Management Inc. ADV now owns 5,020 shares of the company’s stock valued at $389,000 after purchasing an additional 104 shares during the period. Hazlett Burt & Watson Inc. lifted its holdings in CoreWeave by 34.7% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 462 shares of the company’s stock worth $33,000 after purchasing an additional 119 shares in the last quarter. Finally, Cullen Frost Bankers Inc. boosted its stake in 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.

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.