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CoreWeave (NASDAQ:CRWV) Shares Down 4.4% - Should You Sell?

CoreWeave logo with Computer and Technology background

CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) dropped 4.4% during trading on Thursday . The company traded as low as $145.26 and last traded at $146.28. Approximately 4,373,347 shares were traded during trading, a decline of 79% from the average daily volume of 20,445,252 shares. The stock had previously closed at $153.05.

Analyst Ratings Changes

Several brokerages have weighed in on CRWV. Citigroup lifted their price target on shares of CoreWeave from $43.00 to $94.00 and gave the company a "neutral" rating in a report on Wednesday, May 21st. Macquarie lifted their target price on shares of CoreWeave from $56.00 to $65.00 and gave the company a "neutral" rating in a research note on Thursday, May 15th. Barclays reiterated an "equal weight" rating and issued a $100.00 price target (up previously from $70.00) on shares of CoreWeave in a research note on Tuesday, May 27th. Argus started coverage on CoreWeave in a research report on Friday. They issued a "buy" rating and a $200.00 price objective on the stock. Finally, Wall Street Zen lowered CoreWeave from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Two analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, CoreWeave has an average rating of "Hold" and a consensus price target of $81.56.

Get Our Latest Report on CRWV

CoreWeave Price Performance

The firm's fifty day simple moving average is $126.49. The company has a debt-to-equity ratio of 2.60, a quick ratio of 0.44 and a current ratio of 0.44.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Capital Wealth Advisors purchased a new stake in CoreWeave during the second quarter valued at approximately $351,000. Farther Finance Advisors LLC bought a new position in shares of CoreWeave during the 2nd quarter valued at approximately $90,000. SeaCrest Wealth Management LLC purchased a new stake in CoreWeave during the 2nd quarter valued at $848,000. Kapstone Financial Advisors LLC bought a new stake in CoreWeave in the second quarter worth $326,000. Finally, Mandatum Life Insurance Co Ltd bought a new stake in CoreWeave in the second quarter worth $285,000.

About CoreWeave

(Get Free Report)

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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