CoreWeave (NASDAQ:CRWV) Shares Down 11.4% – Time to Sell?

Shares of CoreWeave Inc. (NASDAQ:CRWV) were down 11.4% during mid-day trading on Friday . The stock traded as low as $71.67 and last traded at $71.88. Approximately 25,202,460 shares traded hands during trading, a decline of 11% from the average session volume of 28,165,799 shares. The stock had previously closed at $81.10.

Trending Headlines about CoreWeave

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.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CRWV. BNP Paribas Exane initiated coverage on CoreWeave in a report on Tuesday, June 2nd. They issued an “outperform” rating and a $192.00 target price on the stock. JPMorgan Chase & Co. boosted their price objective on shares of CoreWeave from $90.00 to $105.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Roth Capital reissued a “buy” rating and issued a $150.00 price objective on shares of CoreWeave in a research note on Friday, May 8th. Cantor Fitzgerald started coverage on shares of CoreWeave in a report on Wednesday. They set an “overweight” rating for the company. Finally, TD Cowen upgraded shares of CoreWeave to a “buy” rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $136.25.

CoreWeave Stock 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 fifty day moving average price of $97.04 and a two-hundred day moving average price of $95.31. The company has a market capitalization of $32.17 billion, a price-to-earnings ratio of -23.11 and a beta of 7.17.

CoreWeave (NASDAQ:CRWV) last posted its quarterly earnings data on Thursday, May 7th. The company reported ($1.40) EPS for the quarter, missing analysts’ consensus estimates of ($1.17) by ($0.23). The company 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 firm’s revenue was up 111.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.60) earnings per share. As a group, analysts forecast that CoreWeave Inc. will post -4.57 EPS for the current fiscal year.

Insider Buying and Selling at CoreWeave

In other CoreWeave news, Director Jack D. Cogen sold 986,540 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $107.80, for a total transaction of $106,349,012.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Brian M. Venturo sold 375,000 shares of CoreWeave stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $109.03, for a total transaction of $40,886,250.00. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 17,070,099 shares of company stock worth $1,982,943,238. Corporate insiders own 24.20% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Haven Capital Group Inc. purchased a new stake in shares of CoreWeave in the second quarter valued at $242,000. Dagco Inc. purchased a new position in CoreWeave during the second quarter worth about $258,000. Fiduciary Financial Group LLC purchased a new position in CoreWeave during the second quarter worth about $7,298,000. E. Ohman J or Asset Management AB boosted its stake in CoreWeave by 48.5% in the 2nd quarter. E. Ohman J or Asset Management AB now owns 7,040 shares of the company’s stock worth $701,000 after buying an additional 2,300 shares during the last quarter. Finally, Bay Rivers Group acquired a new stake in CoreWeave in the 2nd quarter worth about $255,000.

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.