CoreWeave (NASDAQ:CRWV) Shares Down 1.9% – Here’s What Happened

CoreWeave Inc. (NASDAQ:CRWV) shares dropped 1.9% on Tuesday . The stock traded as low as $113.80 and last traded at $115.16. Approximately 18,137,506 shares traded hands during trading, a decline of 35% from the average daily volume of 27,779,068 shares. The stock had previously closed at $117.43.

More CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Robust demand and revenue growth underpin the long?term bull case: CoreWeave reported ~110% year?over?year revenue growth last quarter and multiple pieces this week argue demand is “locked” and the company is in a buildout race for GPU capacity, supporting growth expectations. CoreWeave: Demand Is Locked
• Positive Sentiment: High?profile endorsement from Jim Cramer highlights investor interest — Cramer called CoreWeave an “aggressive buy” while warning about volatility, which can attract active retail flows and momentum traders. Jim Cramer Spills The Beans on CoreWeave
• Neutral Sentiment: Planned capital raises and debt issuance are being framed as growth financing for expansion; the market is currently treating them as supportive of scale but they increase leverage and dilution risk, which can drive day?to?day volatility. CoreWeave Is Issuing Billions in Debt
• Negative Sentiment: Large, concentrated insider and major?holder selling triggered downward pressure: filings show Magnetar Financial materially reduced its stake (multiple sales totaling millions of dollars of shares) and executives (including Brian Venturo and Brannin McBee) sold large blocks under 10b5?1 plans — increasing supply and signaling liquidity taking. Magnetar Financial Llc Sells 319,835 Shares
• Negative Sentiment: Profitability and execution concerns remain: CoreWeave missed EPS estimates last reported, has negative margins and high leverage metrics cited by analysts — these fundamentals plus analyst caution ahead of future quarters can spur short?term selling. Implications Of Relatively Low Depreciation/Sales Ratios

Analysts Set New Price Targets

CRWV has been the subject of several research reports. Macquarie Infrastructure reissued a “neutral” rating and set a $115.00 price objective on shares of CoreWeave in a research note on Tuesday, January 27th. Needham & Company LLC reissued a “hold” rating on shares of CoreWeave in a research note on Friday, February 27th. Weiss Ratings restated a “sell (d-)” rating on shares of CoreWeave in a report on Monday, December 29th. Wells Fargo & Company reduced their target price on CoreWeave from $150.00 to $125.00 and set an “overweight” rating for the company in a report on Thursday, January 8th. Finally, Oppenheimer started coverage on CoreWeave in a report on Friday, March 6th. They issued an “outperform” rating and a $140.00 target price for the company. Twenty analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $125.16.

CoreWeave Price Performance

The stock has a fifty day moving average price of $89.89 and a 200-day moving average price of $93.88. The company has a market cap of $49.20 billion and a PE ratio of -36.69. The company has a debt-to-equity ratio of 4.46, a current ratio of 0.46 and a quick ratio of 0.46.

CoreWeave (NASDAQ:CRWV) last released its earnings results on Thursday, February 26th. The company reported ($0.89) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.61) by ($0.28). CoreWeave had a negative net margin of 22.75% and a negative return on equity of 33.82%. The business had revenue of $1.57 billion during the quarter. The firm’s revenue for the quarter was up 110.4% on a year-over-year basis. On average, equities analysts expect that CoreWeave Inc. will post -4.16 earnings per share for the current year.

Insider Buying and Selling

In related news, major shareholder Magnetar Financial Llc sold 323,452 shares of the stock in a transaction on Tuesday, April 21st. The stock was sold at an average price of $118.26, for a total transaction of $38,251,433.52. Following the completion of the sale, the insider directly owned 279,489 shares in the company, valued at approximately $33,052,369.14. This trade represents a 53.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Brian M. Venturo sold 1,125,000 shares of the stock in a transaction on Monday, April 20th. The stock was sold at an average price of $115.93, for a total value of $130,421,250.00. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 12,863,236 shares of company stock worth $1,265,617,654.

Institutional Trading of CoreWeave

Hedge funds and other institutional investors have recently modified their holdings of the company. Cornerstone Planning Group LLC increased its position in CoreWeave by 272.8% during the fourth quarter. Cornerstone Planning Group LLC now owns 343 shares of the company’s stock worth $25,000 after buying an additional 251 shares during the last quarter. HighMark Wealth Management LLC acquired a new position in CoreWeave during the third quarter worth $27,000. OLD Second National Bank of Aurora acquired a new position in CoreWeave during the third quarter worth $27,000. KERR FINANCIAL PLANNING Corp acquired a new position in CoreWeave during the third quarter worth $27,000. Finally, Aspect Partners LLC acquired a new position in CoreWeave during the third quarter worth $28,000.

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.