CoreWeave (NASDAQ:CRWV) Shares Gap Down After Analyst Downgrade

CoreWeave Inc. (NASDAQ:CRWV)’s stock price gapped down prior to trading on Thursday after Argus lowered their price target on the stock from $150.00 to $100.00. The stock had previously closed at $60.77, but opened at $50.91. Argus currently has a buy rating on the stock. CoreWeave shares last traded at $54.2220, with a volume of 36,373,436 shares changing hands.

Several other research analysts also recently commented on CRWV. Morgan Stanley dropped their target price on shares of CoreWeave from $99.00 to $70.00 and set an “equal weight” rating on the stock in a report on Friday, October 23rd. William Blair assumed coverage on shares of CoreWeave in a report on Wednesday, September 30th. They set an “outperform” rating for the company. HSBC reaffirmed a “reduce” rating and issued a $39.00 price target on shares of CoreWeave in a research report on Tuesday, October 20th. BTIG Research initiated coverage on CoreWeave in a research report on Wednesday, July 22nd. They issued a “buy” rating on the stock. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of CoreWeave in a research note on Monday, September 21st. Twenty-seven analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $118.14.

Insiders Place Their Bets

In related news, EVP Chen Goldberg sold 19,904 shares of the company’s stock in a transaction on Thursday, November 5th. The shares were sold at an average price of $46.50, for a total transaction of $925,536.00. Following the completion of the transaction, the executive vice president directly owned 68,149 shares in the company, valued at $3,168,928.50. This represents a 22.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Jeff Baker sold 6,670 shares of the stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $61.16, for a total transaction of $407,937.20. Following the completion of the sale, the insider directly owned 14,170 shares of the company’s stock, valued at approximately $866,637.20. This trade represents a 32.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 3,727,018 shares of company stock valued at $337,495,407 in the last 90 days. 24.20% of the stock is currently owned by corporate insiders.

More CoreWeave News

These are some of the CRWV news items that stood out recently:

• Positive Sentiment: Q3 beat and higher forecast: Revenue rose 168% year over year to $3.66 billion, exceeding expectations, and CoreWeave raised its 2026 revenue outlook to $13.0 billion–$13.3 billion. Its roughly $132.5 billion backlog and reports of strong GPU demand further support the growth case. CNBC earnings analysis
• Neutral Sentiment: Analyst targets are mixed: Argus cut its target to $100 but kept a Buy rating, while other analysts have also reduced targets despite maintaining positive ratings. The varied views reflect uncertainty over how quickly growth will translate into sustainable profitability.
• Negative Sentiment: Debt and expansion remain risks: CoreWeave’s data-center buildout requires large amounts of capital, and its interest burden and liquidity needs remain investor concerns. A report on weakness among Nvidia-linked stocks also points to potential spillover volatility for CRWV. WSJ analysis of capital needs

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Alyeska Investment Group L.P. raised its position in shares of CoreWeave by 55.7% during the second quarter. Alyeska Investment Group L.P. now owns 10,891,267 shares of the company’s stock valued at $1,084,117,000 after buying an additional 3,897,741 shares during the last quarter. State Street Corp lifted its stake in shares of CoreWeave by 9.6% in the third quarter. State Street Corp now owns 7,739,510 shares of the company’s stock valued at $674,266,000 after buying an additional 680,664 shares during the period. Bank of America Corp DE lifted its stake in shares of CoreWeave by 13.1% in the first quarter. Bank of America Corp DE now owns 5,652,129 shares of the company’s stock valued at $437,870,000 after buying an additional 653,398 shares during the period. Amundi lifted its stake in shares of CoreWeave by 266.2% in the first quarter. Amundi now owns 3,284,121 shares of the company’s stock valued at $254,421,000 after buying an additional 2,387,337 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in CoreWeave by 32.0% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,288,909 shares of the company’s stock worth $199,410,000 after buying an additional 555,128 shares in the last quarter.

CoreWeave Trading Down 8.4%

The firm has a market capitalization of $25.56 billion, a price-to-earnings ratio of -11.85 and a beta of 7.71. The business has a 50-day moving average of $73.71 and a two-hundred day moving average of $89.28. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 5.53.

CoreWeave (NASDAQ:CRWV) last issued its quarterly earnings results on Tuesday, November 10th. The company reported ($0.95) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.45) by $0.50. The firm had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.54 billion. CoreWeave had a negative return on equity of 59.42% and a negative net margin of 25.56%. The company’s quarterly revenue was up 168.2% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.22) earnings per share. Research analysts predict that CoreWeave Inc. will post -4.99 EPS for the current fiscal year.

About CoreWeave

CoreWeave is a cloud computing company that provides infrastructure for artificial intelligence, machine learning, and other compute-intensive workloads. Its services include access to graphics processing units (GPUs), cloud storage and networking, and software tools for deploying and managing workloads. The company was founded in 2017 as a cryptocurrency mining business and later shifted its focus to cloud computing. CoreWeave is headquartered in Livingston, New Jersey, and operates data center infrastructure in the United States and Europe, serving customers that need large-scale computing resources.