CoreWeave (NASDAQ:CRWV) Shares Down 2.2% – What’s Next?

CoreWeave Inc. (NASDAQ:CRWV) fell 2.2% on Monday. The stock traded as low as $79.03 and last traded at $80.26. Approximately 18,790,836 shares were traded during trading, a decline of 34% from the average session volume of 28,344,578 shares. The stock had previously closed at $82.08.

Key CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave reported approximately $104 billion in contracted revenue backlog at the end of the second quarter, excluding more than $25 billion in additional customer commitments signed early in the third quarter. The backlog underscores strong demand for its AI infrastructure and provides significant long-term revenue visibility. CoreWeave Has a $104B Backlog. Can Its Balance Sheet Keep Up?
• Positive Sentiment: Wall Street commentary continues to point to substantial upside if CoreWeave converts its AI demand and backlog into profitable growth. Cathie Wood’s ARK also increased its CRWV exposure in its latest weekly trading activity, providing a favorable investor-sentiment signal. CoreWeave just landed a massive new AI opportunity
• Neutral Sentiment: Industry expansion remains a supportive backdrop. Google’s planned Nordic data-center investment highlights the strategic importance of regions with abundant power, stable grids and favorable permitting—factors that may benefit AI cloud infrastructure providers such as CoreWeave, although no direct contract was announced. Google’s $13 Billion Nordic Bet Points to a New Global Front in the AI Power Race
• Negative Sentiment: The backlog also raises execution and funding concerns. CoreWeave must spend heavily on data centers and computing capacity to fulfill contracts, while rising losses, a debt-to-equity ratio of 5.53 and current and quick ratios of 0.46 increase balance-sheet risk. Analysts expect a full-year loss, making profitable growth a key issue for investors. CRWV Shares Slide 25% in 6 Months
• Negative Sentiment: Broader warnings that richly valued AI stocks have little room for execution mistakes are adding pressure to highly volatile names such as CRWV. Ray Dalio Warns Stocks Are Running Out of Room for Error

Analyst Ratings Changes

CRWV has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of CoreWeave in a report on Monday, September 21st. Btg Pactual set a $125.00 price target on CoreWeave in a research report on Monday, September 21st. Rothschild & Co Redburn began coverage on CoreWeave in a research report on Monday, September 21st. They issued a “sell” rating and a $54.00 price target on the stock. Roth Capital set a $145.00 price target on CoreWeave in a report on Thursday, August 13th. Finally, Mizuho increased their price objective on CoreWeave from $100.00 to $115.00 and gave the company a “neutral” rating in a research report on Wednesday, August 12th. Twenty-three research analysts have rated the stock with a Buy rating, nine have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, CoreWeave presently has an average rating of “Moderate Buy” and a consensus price target of $140.64.

CoreWeave Stock Performance

The firm’s fifty day moving average price is $88.78 and its 200-day moving average price is $94.88. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 5.53. The company has a market cap of $36.83 billion, a P/E ratio of -21.99 and a beta of 7.36.

CoreWeave (NASDAQ:CRWV) last announced its quarterly earnings data on Tuesday, August 11th. The company reported ($1.14) EPS for the quarter, beating analysts’ consensus estimates of ($1.52) by $0.38. CoreWeave had a negative net margin of 25.41% and a negative return on equity of 47.95%. The business had revenue of $2.58 billion during the quarter. During the same period in the prior year, the company posted ($0.27) EPS. The firm’s quarterly revenue was up 112.5% on a year-over-year basis. As a group, research analysts forecast that CoreWeave Inc. will post -5.19 EPS for the current fiscal year.

Insider Activity

In other CoreWeave news, major shareholder Magnetar Financial Llc sold 307,131 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $108.75, for a total value of $33,400,496.25. Following the completion of the transaction, the insider owned 220,810 shares of the company’s stock, valued at $24,013,087.50. This represents a 58.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Michael N. Intrator sold 200,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $66.62, for a total value of $13,324,000.00. Following the completion of the sale, the chief executive officer owned 2,276,815 shares of the company’s stock, valued at $151,681,415.30. This represents a 8.07% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 5,850,311 shares of company stock worth $509,880,890 over the last 90 days. Corporate insiders own 24.20% of the company’s stock.

Institutional Investors Weigh In On CoreWeave

A number of institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC lifted its holdings in shares of CoreWeave by 4.0% during the 1st quarter. Parallel Advisors LLC now owns 2,340 shares of the company’s stock worth $181,000 after acquiring an additional 91 shares during the period. Pathway Wealth Management LLC boosted its position in shares of CoreWeave by 2.9% during the 1st quarter. Pathway Wealth Management LLC now owns 3,593 shares of the company’s stock valued at $278,000 after acquiring an additional 100 shares in the last quarter. Azzad Asset Management Inc. ADV boosted its position in shares of CoreWeave by 2.1% during the 1st quarter. Azzad Asset Management Inc. ADV now owns 5,020 shares of the company’s stock valued at $389,000 after acquiring an additional 104 shares in the last quarter. WPG Advisers LLC increased its stake in CoreWeave by 14.1% in the first quarter. WPG Advisers LLC now owns 1,159 shares of the company’s stock valued at $90,000 after acquiring an additional 143 shares during the period. Finally, Sequoia Financial Advisors LLC increased its stake in CoreWeave by 3.6% in the second quarter. Sequoia Financial Advisors LLC now owns 4,128 shares of the company’s stock valued at $411,000 after acquiring an additional 145 shares during the period.

CoreWeave Company Profile

CoreWeave, Inc is a specialized cloud computing provider focused on infrastructure for artificial intelligence, machine learning and other data-intensive workloads. The company offers access to accelerated computing resources, including graphics processing units (GPUs), alongside central processing units, high-performance storage, networking and data center capacity.

Its platform supports AI model training, fine-tuning and inference, as well as visual effects, rendering, scientific computing and other demanding applications.