CoreWeave (NASDAQ:CRWV) Stock Price Down 1.1% - Time to Sell?

Key Points

• The stock price of CoreWeave Inc. (NASDAQ:CRWV) decreased by 1.1%, closing at $103.02 after trading as low as $101.60.
• Analyst ratings for CoreWeave vary, with one upgrade to a "strong-buy", and a consensus rating of "Hold" with a target price of $90.20.
• CoreWeave reported a quarterly earnings loss of ($0.83) per share, significantly missing the consensus estimate of ($0.16).

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) dropped 1.1% during trading on Monday . The company traded as low as $101.60 and last traded at $103.02. Approximately 4,199,117 shares changed hands during trading, a decline of 78% from the average daily volume of 18,872,660 shares. The stock had previously closed at $104.14.

Analyst Ratings Changes

CRWV has been the topic of a number of recent analyst reports. Northland Capmk upgraded CoreWeave to a "strong-buy" rating in a research report on Tuesday, May 13th. Melius Research upgraded CoreWeave to a "hold" rating in a research report on Tuesday, April 22nd. Argus began coverage on CoreWeave in a report on Friday, July 11th. They issued a "buy" rating and a $200.00 price objective on the stock. HC Wainwright restated a "neutral" rating on shares of CoreWeave in a report on Monday, July 14th. Finally, Arete began coverage on CoreWeave in a report on Thursday, June 5th. They issued a "neutral" rating and a $130.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $90.20.

CoreWeave Price Performance

The stock has a 50-day simple moving average of $141.29. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 2.60.

CoreWeave (NASDAQ:CRWV - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The company reported ($0.83) earnings per share for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.67).

Institutional Trading of CoreWeave

A number of large investors have recently made changes to their positions in CRWV. Chelsea Counsel Co. acquired a new stake in CoreWeave in the 2nd quarter worth about $33,000. Chilton Capital Management LLC acquired a new stake in CoreWeave in the 2nd quarter worth about $39,000. SOA Wealth Advisors LLC. boosted its stake in CoreWeave by 275.0% in the 2nd quarter. SOA Wealth Advisors LLC. now owns 375 shares of the company's stock worth $61,000 after buying an additional 275 shares during the last quarter. Costello Asset Management INC boosted its stake in CoreWeave by 33.3% in the 2nd quarter. Costello Asset Management INC now owns 400 shares of the company's stock worth $65,000 after buying an additional 100 shares during the last quarter. Finally, Western Pacific Wealth Management LP acquired a new stake in CoreWeave in the 2nd quarter worth about $82,000.

CoreWeave Company Profile

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.

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