CoreWeave (NASDAQ:CRWV) Stock Price Down 4.6% – Time to Sell?

CoreWeave Inc. (NASDAQ:CRWV)’s share price traded down 4.6% during mid-day trading on Tuesday . The stock traded as low as $114.72 and last traded at $119.1350. 58,070,931 shares changed hands during trading, an increase of 112% from the average session volume of 27,392,080 shares. The stock had previously closed at $124.82.

More CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave’s successful validation of NVIDIA Vera Rubin NVL72 positions it as an early leader in next-gen AI cloud infrastructure and has fueled strong investor enthusiasm. CoreWeave Completes Industry-First Bring-Up and Validation of NVIDIA Vera Rubin NVL72
• Positive Sentiment: BNP Paribas reportedly initiated coverage with bullish views, adding analyst support and helping extend the stock’s momentum. CoreWeave rises after BNP Paribas starts coverage with bullish views
• Positive Sentiment: Broader AI sector strength and signs of heavy enterprise AI spending are also supporting the shares. CoreWeave Stock Continues To Climb: What’s Driving The Momentum?
• Neutral Sentiment: Commentary suggests the stock may be a “wait-and-see” setup over the next 12 months, with fair value estimates not far above recent levels, implying upside may depend on execution. Buy, Hold, or Sell: Is CoreWeave a Multibagger in the Making, or an AI Infrastructure Debt Trap?
• Negative Sentiment: Recent insider selling by several executives could temper some enthusiasm, even as the stock rallies. CoreWeave (NASDAQ:CRWV) Insider Sells $228,800.02 in Stock

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Citigroup lifted their price objective on shares of CoreWeave from $155.00 to $158.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Wolfe Research assumed coverage on shares of CoreWeave in a research note on Thursday, April 16th. They issued an “outperform” rating and a $150.00 price objective for the company. Evercore reiterated an “outperform” rating and issued a $150.00 price objective on shares of CoreWeave in a research note on Wednesday, April 15th. DA Davidson reiterated a “neutral” rating and issued a $100.00 price objective (down from $175.00) on shares of CoreWeave in a research note on Monday, May 18th. Finally, HC Wainwright reiterated a “buy” rating and issued a $180.00 price objective on shares of CoreWeave in a research note on Monday, March 2nd. Twenty research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, CoreWeave currently has a consensus rating of “Moderate Buy” and an average price target of $131.52.

CoreWeave Price Performance

The stock has a market capitalization of $53.32 billion, a P/E ratio of -38.31 and a beta of 7.84. The business’s 50 day simple moving average is $103.51 and its two-hundred day simple moving average is $90.78. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 3.68.

CoreWeave (NASDAQ:CRWV) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($1.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. CoreWeave’s revenue was up 111.6% on a year-over-year basis. During the same period in the prior year, the company earned ($0.60) EPS. As a group, sell-side analysts forecast that CoreWeave Inc. will post -4.84 earnings per share for the current fiscal year.

Insider Activity

In other news, major shareholder Magnetar Financial Llc sold 1,404,667 shares of CoreWeave stock in a transaction dated Thursday, April 16th. The shares were sold at an average price of $118.30, for a total transaction of $166,172,106.10. Following the completion of the transaction, the insider directly owned 282,570 shares in the company, valued at $33,428,031. This trade represents a 83.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jack D. Cogen sold 986,540 shares of CoreWeave 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 SEC filing for this sale provides additional information. Insiders sold 27,261,722 shares of company stock worth $3,043,669,096 over the last three months.

Institutional Trading of CoreWeave

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of CoreWeave by 275.6% in the 4th quarter. Vanguard Group Inc. now owns 27,920,979 shares of the company’s stock worth $1,999,421,000 after acquiring an additional 20,487,478 shares in the last quarter. Proficio Capital Partners LLC grew its stake in shares of CoreWeave by 446,194.0% in the 3rd quarter. Proficio Capital Partners LLC now owns 17,851,760 shares of the company’s stock worth $2,443,013,000 after acquiring an additional 17,847,760 shares in the last quarter. Bank of America Corp DE grew its stake in shares of CoreWeave by 13.1% in the 1st quarter. Bank of America Corp DE now owns 5,652,129 shares of the company’s stock worth $437,870,000 after acquiring an additional 653,398 shares in the last quarter. Clear Street Group Inc. grew its stake in shares of CoreWeave by 57.2% in the 4th quarter. Clear Street Group Inc. now owns 4,653,815 shares of the company’s stock worth $333,260,000 after acquiring an additional 1,692,916 shares in the last quarter. Finally, Alyeska Investment Group L.P. grew its stake in shares of CoreWeave by 300.0% in the 4th quarter. Alyeska Investment Group L.P. now owns 4,000,000 shares of the company’s stock worth $286,440,000 after acquiring an additional 3,000,000 shares in the last quarter.

About CoreWeave

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.