CoreWeave (NASDAQ:CRWV) Shares Down 1.5% – Should You Sell?

CoreWeave Inc. (NASDAQ:CRWV)’s stock price dropped 1.5% on Wednesday . The company traded as low as $99.60 and last traded at $104.27. Approximately 23,565,470 shares changed hands during trading, a decline of 16% from the average daily volume of 28,003,643 shares. The stock had previously closed at $105.89.

Trending Headlines about CoreWeave

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave unveiled new unified agentic AI capabilities that link training and inference in a closed loop, which could deepen its role in AI infrastructure and support longer-term growth expectations. CoreWeave’s Closed Loop Agentic AI Aims To Reshape Growth Expectations
• Positive Sentiment: Analysts continue to see upside potential, with several firms maintaining bullish views and 24/7 Wall St. arguing CoreWeave could be worth significantly more over the next year if AI demand stays strong. Price Prediction: CoreWeave Stock Could Triple by 2030
• Positive Sentiment: CoreWeave’s backlog was reported near $100 billion, suggesting a large pipeline of contracted future revenue as AI cloud demand expands. CoreWeave’s Backlog Hits Nearly $100B: Multi-Year Growth Secured?
• Neutral Sentiment: The company will present at the BofA Securities Global Technology Conference on June 3, giving management a chance to reinforce its AI growth narrative and answer investor questions. CoreWeave to Participate in the BofA Securities Global Technology Conference
• Neutral Sentiment: Wall Street sentiment remains mixed overall: some firms have raised targets, while others remain cautious, keeping the stock highly dependent on execution and cash-flow progress. Here’s What Analysts Think About CoreWeave, Inc. (CRWV)
• Negative Sentiment: Heavy insider selling is a drag on sentiment, including sales by Director Jack Cogen and CEO Michael Intrator, which may make investors more cautious about near-term valuation. SEC filing for director sale
• Negative Sentiment: Recent coverage also highlighted CoreWeave’s large quarterly loss and balance-sheet strain from heavy capital spending, a reminder that growth is still coming with significant profitability and financing risks. CoreWeave Lost $740 Million in 90 Days. Then Meta Handed It $21 Billion. Welcome to the AI Economy

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on CRWV. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $135.00 price objective on shares of CoreWeave in a report on Friday, May 8th. Roth Mkm reaffirmed a “buy” rating and set a $150.00 price target on shares of CoreWeave in a report on Friday, May 8th. Wolfe Research assumed coverage on shares of CoreWeave in a report on Thursday, April 16th. They issued an “outperform” rating and a $150.00 target price for the company. Wells Fargo & Company upped their target price on CoreWeave from $135.00 to $155.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Finally, HC Wainwright reissued a “buy” rating and set a $180.00 price objective on shares of CoreWeave in a research report on Monday, March 2nd. Nineteen analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $129.63.

CoreWeave Stock Performance

The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 3.68. The firm has a market capitalization of $49.06 billion, a price-to-earnings ratio of -35.29 and a beta of 7.84. The stock’s 50 day moving average price is $102.09 and its two-hundred day moving average price is $90.49.

CoreWeave (NASDAQ:CRWV) last posted its quarterly earnings results 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 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 company’s revenue for the quarter was up 111.6% on a year-over-year basis. During the same period last year, the firm posted ($0.60) EPS. On average, analysts forecast that CoreWeave Inc. will post -4.58 EPS for the current year.

Insider Buying and Selling at CoreWeave

In other news, Director Jack D. Cogen sold 986,540 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $107.80, for a total value of $106,349,012.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Brian M. Venturo sold 1,125,000 shares of the business’s stock in a transaction dated Monday, April 6th. The shares were sold at an average price of $80.86, for a total transaction of $90,967,500.00. Following the completion of the transaction, the insider directly owned 285,327 shares of the company’s stock, valued at $23,071,541.22. The trade was a 79.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 26,437,759 shares of company stock worth $2,956,526,995.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Sivia Capital Partners LLC acquired a new position in shares of CoreWeave during the 2nd quarter valued at about $39,824,000. Quantbot Technologies LP purchased a new position in CoreWeave in the 2nd quarter worth approximately $311,000. Invesco Ltd. purchased a new position in shares of CoreWeave in the second quarter valued at $882,000. First Trust Advisors LP acquired a new stake in shares of CoreWeave during the second quarter valued at about $20,260,000. Finally, Baird Financial Group Inc. acquired a new stake in CoreWeave during the 2nd quarter valued at approximately $455,000.

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.