CoreWeave (NASDAQ:CRWV) Stock Price Down 4% – Here’s What Happened

CoreWeave Inc. (NASDAQ:CRWV)’s share price traded down 4% during trading on Tuesday . The company traded as low as $78.40 and last traded at $79.94. 25,752,117 shares were traded during trading, a decline of 9% from the average daily volume of 28,342,516 shares. The stock had previously closed at $83.31.

CoreWeave News Summary

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Mizuho reaffirmed a price target of $100 on CoreWeave, which is above the current share price and signals that analysts still see upside potential despite the recent weakness. CoreWeave (NASDAQ:CRWV) Given New $100.00 Price Target at Mizuho
• Positive Sentiment: Some market commentary argues CoreWeave could benefit from its large committed backlog and long-term power agreements, which may support revenue growth and improve the long-run investment case. CRWV vs. MSFT: Which AI Cloud Stock Has More Growth Potential?
• Positive Sentiment: AI power bottlenecks are creating demand for existing high-capacity infrastructure, a trend that could support CoreWeave’s business model as AI customers continue to spend heavily. Bitcoin Miners Cash In as AI Hits a Power Bottleneck
• Neutral Sentiment: Valuation-focused coverage says CoreWeave looks cheaper after its sharp decline, but the analysis remains mixed because upside from growth is offset by leverage, customer concentration, and legal concerns. Is CoreWeave (CRWV) Cheap After A 43% Drop?
• Neutral Sentiment: CoreWeave is reportedly exploring derivatives to hedge memory-chip price risk, a sign the company is actively managing input-cost volatility rather than making a major operating shift. AI cloud company CoreWeave explores Wall Street playbook to hedge memory-chip price risk
• Negative Sentiment: Mizuho cut its price target from $110 to $100 and kept only a neutral rating, reinforcing caution about near-term stock performance. CoreWeave had its price target lowered by Mizuho from $110.00 to $100.00
• Negative Sentiment: Recent commentary says the stock has been sliding amid Meta cloud competition, DeepSeek-related chip concerns, and broader doubts about the AI infrastructure buildout. CoreWeave Stock Trending Lower as Meta Cloud Threat, DeepSeek Chip Concerns Mount
• Negative Sentiment: A pending shareholder lawsuit adds legal overhang and may keep sentiment cautious while investors assess potential liabilities and disclosure risks. LONG TERM Investors in CoreWeave, Inc. (NASDAQ: CRWV) shares should contact the Shareholders Foundation in connection with Lawsuit

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on CRWV shares. Barclays lifted their target price on shares of CoreWeave from $106.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Monday, May 11th. BNP Paribas Exane started coverage on shares of CoreWeave in a research note on Tuesday, June 2nd. They issued an “outperform” rating and a $192.00 target price on the stock. Cantor Fitzgerald restated an “overweight” rating and issued a $167.00 price target on shares of CoreWeave in a research report on Thursday, June 11th. JPMorgan Chase & Co. increased their price target on CoreWeave from $90.00 to $105.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Finally, Bank of America upgraded CoreWeave from a “neutral” rating to a “buy” rating and set a $100.00 price objective on the stock in a research report on Tuesday, March 24th. Twenty-one research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, CoreWeave presently has a consensus rating of “Moderate Buy” and an average price target of $139.69.

CoreWeave Stock Down 4.9%

The business has a fifty day moving average of $102.32 and a 200 day moving average of $95.37. The company has a debt-to-equity ratio of 3.68, a current ratio of 0.31 and a quick ratio of 0.31. The stock has a market capitalization of $32.82 billion, a price-to-earnings ratio of -23.48 and a beta of 7.17.

CoreWeave (NASDAQ:CRWV) last released its quarterly earnings results on Thursday, May 7th. The company reported ($1.40) EPS for the quarter, missing analysts’ consensus estimates of ($1.17) by ($0.23). The firm had revenue of $2.08 billion for the quarter. CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.The firm’s quarterly revenue was up 111.6% compared to the same quarter last year. During the same quarter last year, the business earned ($0.60) EPS. As a group, equities analysts predict that CoreWeave Inc. will post -4.57 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Brannin Mcbee sold 53,000 shares of the business’s stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $86.13, for a total transaction of $4,564,890.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Michael N. Intrator sold 61,797 shares of the company’s stock in a transaction on Wednesday, July 8th. The shares were sold at an average price of $86.94, for a total transaction of $5,372,631.18. Following the completion of the transaction, the chief executive officer owned 2,876,815 shares of the company’s stock, valued at approximately $250,110,296.10. The trade was a 2.10% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 22,497,827 shares of company stock valued at $2,631,635,257. 24.20% of the stock is owned by corporate insiders.

Institutional Trading of CoreWeave

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. KERR FINANCIAL PLANNING Corp purchased a new position in CoreWeave during the 3rd quarter worth approximately $27,000. Pin Oak Investment Advisors Inc. acquired a new stake in shares of CoreWeave in the third quarter valued at approximately $34,000. Cornerstone Planning Group LLC grew its position in shares of 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 acquiring an additional 251 shares during the last quarter. Cullen Frost Bankers Inc. grew its position in shares of CoreWeave by 45.8% during the fourth quarter. Cullen Frost Bankers Inc. now owns 385 shares of the company’s stock worth $28,000 after acquiring an additional 121 shares during the last quarter. Finally, Greenline Wealth Management LLC acquired a new position in shares of CoreWeave in the 4th quarter valued at $28,000.

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.