CoreWeave (NASDAQ:CRWV) Trading Down 8.6% – Should You Sell?

Shares of CoreWeave Inc. (NASDAQ:CRWV) were down 8.6% on Tuesday . The stock traded as low as $93.41 and last traded at $94.23. Approximately 11,823,264 shares changed hands during mid-day trading, a decline of 42% from the average daily volume of 20,510,623 shares. The stock had previously closed at $103.04.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CRWV. Citigroup raised CoreWeave from a “neutral” rating to a “buy” rating and set a $160.00 price target on the stock in a report on Thursday, July 31st. Wells Fargo & Company raised their price target on shares of CoreWeave from $60.00 to $105.00 and gave the company an “equal weight” rating in a report on Wednesday, August 13th. Wall Street Zen cut shares of CoreWeave from a “hold” rating to a “sell” rating in a report on Thursday, May 22nd. Bank of America dropped their target price on shares of CoreWeave from $185.00 to $168.00 and set a “neutral” rating on the stock in a report on Wednesday, August 13th. Finally, Stifel Nicolaus lifted their target price on shares of CoreWeave from $115.00 to $120.00 and gave the stock a “hold” rating in a research report on Wednesday, August 13th. Two analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, fifteen have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $107.45.

CoreWeave Stock Down 10.8%

The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 2.79. The stock has a fifty day simple moving average of $124.95.

CoreWeave (NASDAQ:CRWV) last posted its quarterly earnings results on Tuesday, August 12th. The company reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.20) by ($0.07). The business had revenue of $1.21 million for the quarter. CoreWeave’s quarterly revenue was up 206.7% on a year-over-year basis. CoreWeave has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

Insiders Place Their Bets

In other CoreWeave news, insider Brannin Mcbee sold 375,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $91.71, for a total value of $34,391,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Brian M. Venturo sold 324,312 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $88.10, for a total transaction of $28,571,887.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,277,218 shares of company stock valued at $516,266,664.

Hedge Funds Weigh In On CoreWeave

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Nvidia Corp increased its holdings in CoreWeave by 0.4% in the 2nd quarter. Nvidia Corp now owns 24,277,573 shares of the company’s stock valued at $3,958,701,000 after acquiring an additional 95,113 shares during the last quarter. Cisco Systems Inc. purchased a new position in shares of CoreWeave during the second quarter valued at about $173,493,000. Geode Capital Management LLC increased its holdings in shares of CoreWeave by 142.6% in the second quarter. Geode Capital Management LLC now owns 716,178 shares of the company’s stock worth $116,809,000 after purchasing an additional 420,915 shares during the last quarter. Lmdagg L.L.C. purchased a new stake in shares of CoreWeave in the second quarter worth about $48,030,000. Finally, Sivia Capital Partners LLC bought a new position in CoreWeave during the second quarter valued at approximately $39,824,000.

CoreWeave Company Profile

CoreWeave, Inc engages in the powers of the creation and delivery of the intelligence that drives innovation. It offers a solution used by organizations of all sizes that require sophisticated AI computing, from the largest of enterprises to small, well-funded start-ups. The company was founded by Michael Intrator, Brian Venturo, and Brannin McBee on September 21, 2017 and is headquartered in Livingston, NJ.