CoreWeave (NASDAQ:CRWV) Shares Down 3.8% - What's Next?

Key Points

• CoreWeave's stock fell 3.8% during mid-day trading, with shares last priced at $128.83, after closing at $133.85.
• Various analysts have recently updated their ratings for CoreWeave, with estimates ranging from a "hold" to a "strong-buy," and an average price target of $127.64.
• In the last three months, insiders sold over 23 million shares of CoreWeave, amounting to approximately $2.73 billion, indicating significant internal trading activity.

Shares of CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) fell 3.8% during mid-day trading on Tuesday . The company traded as low as $126.36 and last traded at $128.83. 26,666,130 shares were traded during mid-day trading, an increase of 17% from the average session volume of 22,854,506 shares. The stock had previously closed at $133.85.

Wall Street Analyst Weigh In

Several research firms have issued reports on CRWV. Stifel Nicolaus upped their price objective on CoreWeave from $115.00 to $120.00 and gave the company a "hold" rating in a research note on Wednesday, August 13th. Hsbc Global Res raised shares of CoreWeave to a "moderate sell" rating in a research report on Thursday, July 17th. Arete Research upgraded shares of CoreWeave from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 21st. Arete raised shares of CoreWeave from a "neutral" rating to a "buy" rating and set a $180.00 price target on the stock in a report on Thursday, August 21st. Finally, Moffett Nathanson boosted their price objective on CoreWeave from $56.00 to $65.00 and gave the stock a "neutral" rating in a report on Tuesday, August 19th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, eleven have issued a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $127.64.

CoreWeave Price Performance

The company has a current ratio of 0.52, a quick ratio of 0.52 and a debt-to-equity ratio of 2.79. The company's 50-day moving average is $112.38.

CoreWeave (NASDAQ:CRWV - Get Free Report) last announced its quarterly earnings data on Tuesday, August 12th. The company reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.20) by ($0.07). The business had revenue of $1.21 million during the quarter. The firm's revenue for the quarter was up 206.7% compared to the same quarter last year. CoreWeave has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS.

Insiders Place Their Bets

In related news, insider Brian M. Venturo sold 310,480 shares of the stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $135.67, for a total value of $42,122,821.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brannin Mcbee sold 157,903 shares of the firm's stock in a transaction on Tuesday, September 30th. The shares were sold at an average price of $138.59, for a total value of $21,883,776.77. Following the sale, the insider directly owned 185,181 shares in the company, valued at approximately $25,664,234.79. This trade represents a 46.02% decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,442,080 shares of company stock worth $2,734,572,109 over the last three months.

Institutional Investors Weigh In On CoreWeave

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Family Legacy Financial Solutions LLC increased its position in shares of CoreWeave by 166.7% during the third quarter. Family Legacy Financial Solutions LLC now owns 200 shares of the company's stock worth $27,000 after buying an additional 125 shares during the period. Chelsea Counsel Co. acquired a new position in shares of CoreWeave in the 2nd quarter valued at about $33,000. Archer Investment Corp bought a new stake in shares of CoreWeave during the 2nd quarter valued at about $34,000. Chilton Capital Management LLC bought a new stake in shares of CoreWeave during the 2nd quarter valued at about $39,000. Finally, TD Waterhouse Canada Inc. acquired a new stake in CoreWeave during the second quarter worth approximately $47,000.

About CoreWeave

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.