CoreWeave (NASDAQ:CRWV) Stock Price Down 6.8% – Here’s What Happened

Shares of CoreWeave Inc. (NASDAQ:CRWV) fell 6.8% during trading on Monday . The company traded as low as $82.08 and last traded at $82.98. 26,376,251 shares changed hands during trading, a decline of 6% from the average session volume of 28,158,199 shares. The stock had previously closed at $88.99.

Key Stories Impacting CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave’s margins, contract economics, and mix of higher-margin offerings are improving, potentially providing operating leverage through 2026. The company’s latest quarter also featured revenue growth of 112.5% year over year and an EPS loss that was narrower than analysts expected. Will CoreWeave’s Margins Continue Expanding Through 2026?
• Positive Sentiment: A bullish Wall Street view argues that CRWV’s retreat from its recent highs has created an attractive risk-reward opportunity, with substantial upside possible if demand for AI computing capacity remains strong. CoreWeave’s CEO has also said demand continues to exceed available supply. Bullish CoreWeave Analyst View
• Neutral Sentiment: CFO Nitin Agrawal sold 66,576 shares valued at approximately $5.6 million. The filing said the transaction covered tax withholding tied to vested equity awards, making it less indicative of a bearish management outlook, although his direct ownership fell 26.1%. SEC Form 4 Filing
• Neutral Sentiment: A broader risk-off tone in cryptocurrency and high-growth technology stocks following the U.S. Senate’s failure to advance comprehensive crypto legislation may be weighing on investor sentiment, though the legislation is not directly tied to CoreWeave’s operations. Crypto Stocks and Regulatory Bill
• Negative Sentiment: The primary catalyst for the decline is concern that comments from Anthropic and OpenAI executives favoring a slower pace of AI development could reduce demand for large-model training. Bernstein maintained a sell rating, citing CoreWeave’s concentrated exposure to AI training workloads. Investors are also focused on the company’s high leverage, including a debt-to-equity ratio of 5.53, which increases risk if growth or financing conditions weaken. Bernstein Sell Rating

Analysts Set New Price Targets

CRWV has been the subject of several research reports. Piper Sandler reiterated an “overweight” rating and issued a $153.00 price target (up from $151.00) on shares of CoreWeave in a research note on Wednesday, August 12th. Truist Financial upped their price objective on shares of CoreWeave from $155.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, August 24th. Cantor Fitzgerald set a $176.00 target price on shares of CoreWeave and gave the company an “overweight” rating in a research note on Wednesday, August 12th. Barclays lifted their target price on shares of CoreWeave from $90.00 to $105.00 and gave the company an “equal weight” rating in a report on Thursday, August 13th. Finally, Wells Fargo & Company boosted their price target on CoreWeave from $155.00 to $160.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. Twenty-one equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, CoreWeave presently has an average rating of “Moderate Buy” and an average price target of $142.31.

CoreWeave Trading Down 2.5%

The firm has a 50 day simple moving average of $85.56 and a 200 day simple moving average of $94.14. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 5.53. The firm has a market capitalization of $37.13 billion, a PE ratio of -22.17 and a beta of 7.45.

CoreWeave (NASDAQ:CRWV) last posted its quarterly earnings results on Tuesday, August 11th. The company reported ($1.14) earnings per share for the quarter, topping the consensus estimate of ($1.52) by $0.38. The firm had revenue of $2.58 billion during the quarter. CoreWeave had a negative return on equity of 47.95% and a negative net margin of 25.41%.The firm’s revenue for the quarter was up 112.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.27) EPS. Equities analysts expect that CoreWeave Inc. will post -5.19 earnings per share for the current fiscal year.

Insider Activity at CoreWeave

In other news, EVP Chen Goldberg sold 22,424 shares of CoreWeave stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $95.91, for a total value of $2,150,685.84. Following the completion of the sale, the executive vice president directly owned 50,550 shares in the company, valued at $4,848,250.50. The trade was a 30.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael N. Intrator sold 200,000 shares of the stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $100.08, for a total transaction of $20,016,000.00. Following the transaction, the chief executive officer owned 1,087,129 shares in the company, valued at approximately $108,799,870.32. This trade represents a 15.54% decrease in their position. 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 90 days, insiders sold 6,707,258 shares of company stock worth $604,783,045. 24.20% of the stock is owned by insiders.

Hedge Funds Weigh In On CoreWeave

Institutional investors and hedge funds have recently modified their holdings of the company. The Manufacturers Life Insurance Company grew its holdings in shares of CoreWeave by 7.0% in the second quarter. The Manufacturers Life Insurance Company now owns 23,616 shares of the company’s stock worth $2,351,000 after acquiring an additional 1,536 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in CoreWeave by 3.6% in the second quarter. Sequoia Financial Advisors LLC now owns 4,128 shares of the company’s stock valued at $411,000 after acquiring an additional 145 shares during the period. Bienville Capital Management LLC boosted its position in CoreWeave by 72.6% in the second quarter. Bienville Capital Management LLC now owns 145,183 shares of the company’s stock worth $14,452,000 after purchasing an additional 61,083 shares during the last quarter. National Pension Service grew its stake in shares of CoreWeave by 1,194.7% during the 2nd quarter. National Pension Service now owns 524,854 shares of the company’s stock valued at $52,244,000 after purchasing an additional 484,314 shares during the period. Finally, Engineers Gate Manager LP grew its stake in shares of CoreWeave by 42.9% during the 2nd quarter. Engineers Gate Manager LP now owns 36,570 shares of the company’s stock valued at $3,640,000 after purchasing an additional 10,981 shares during the period.

CoreWeave Company Profile

CoreWeave, Inc is a specialized cloud computing provider focused on infrastructure for artificial intelligence, machine learning, high-performance computing and other data-intensive workloads. The company provides access to accelerated computing resources, particularly graphics processing units (GPUs), through a cloud platform designed for large-scale training, inference, rendering and scientific computing.

Its offerings include on-demand and reserved GPU instances, cloud storage, high-speed networking, Kubernetes-based container orchestration and managed services for deploying and scaling workloads.