CoreWeave (NASDAQ:CRWV) Trading Down 5.5% After Analyst Downgrade

Shares of CoreWeave Inc. (NASDAQ:CRWV) dropped 5.5% during mid-day trading on Thursday after Mizuho lowered their price target on the stock from $110.00 to $100.00. Mizuho currently has a neutral rating on the stock. CoreWeave traded as low as $72.08 and last traded at $72.91. 24,731,427 shares were traded during trading, a decline of 13% from the average daily volume of 28,335,240 shares. The stock had previously closed at $77.12.

A number of other research analysts have also weighed in on CRWV. DA Davidson reaffirmed a “neutral” rating and set a $100.00 price objective (down from $175.00) on shares of CoreWeave in a research report on Monday, May 18th. Wolfe Research reissued an “outperform” rating on shares of CoreWeave in a report on Monday, July 6th. Citigroup increased their target price on CoreWeave from $155.00 to $158.00 and gave the stock a “buy” rating in a research note on Thursday, May 14th. Jefferies Financial Group raised their price target on CoreWeave from $120.00 to $160.00 and gave the company a “buy” rating in a report on Monday, May 4th. Finally, Weiss Ratings raised CoreWeave from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, June 24th. Twenty-one equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $139.69.

Insider Activity at CoreWeave

In other CoreWeave news, major shareholder Magnetar Financial Llc sold 1,284,876 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $119.91, for a total transaction of $154,069,481.16. Following the sale, the insider directly owned 264,061 shares in the company, valued at approximately $31,663,554.51. This trade represents a 82.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Brian M. Venturo sold 1,125,000 shares of CoreWeave stock in a transaction on Monday, April 20th. The stock was sold at an average price of $115.93, for a total value of $130,421,250.00. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, 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.

Key CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: CoreWeave continues to be viewed as a high-growth AI cloud infrastructure name, with commentary highlighting its expanding backlog and long-term power agreements as potential support for future revenue growth. CRWV vs. MSFT: Which AI Cloud Stock Has More Growth Potential?
• Positive Sentiment: Some market commentary says CoreWeave could benefit from AI companies seeking power and data-center capacity, a trend that may support demand for its infrastructure services. Bitcoin Miners Cash In as AI Hits a Power Bottleneck
• Neutral Sentiment: Mizuho cut its price target on CoreWeave to $100 from $110 and kept a neutral stance, signaling caution but still implying upside from current levels. CoreWeave Given New $100.00 Price Target at Mizuho
• Neutral Sentiment: Recent valuation-focused articles argue the stock has fallen sharply and now looks cheaper, but they also say the investment case is mixed because debt, legal issues, and customer concentration remain concerns. Is CoreWeave (CRWV) Cheap After A 43% Drop?
• Negative Sentiment: Investor sentiment toward the broader “neocloud” group appears to be weakening, with peers like Nebius selling off as concerns build around the AI infrastructure trade. Nebius Sinks 13% as the Neocloud Trade Unravels
• Negative Sentiment: Reports that CoreWeave may hedge memory-chip price risk, along with articles citing Meta cloud competition and DeepSeek-related chip concerns, reinforce worries about cost pressure and the durability of AI demand. AI cloud company CoreWeave explores Wall Street playbook to hedge memory-chip price risk

Hedge Funds Weigh In On CoreWeave

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Haven Capital Group Inc. purchased a new stake in shares of CoreWeave during the 2nd quarter valued at about $242,000. Dagco Inc. bought a new stake in shares of CoreWeave in the second quarter worth approximately $258,000. Fiduciary Financial Group LLC bought a new stake in shares of CoreWeave in the second quarter worth approximately $7,298,000. E. Ohman J or Asset Management AB raised its holdings in shares of CoreWeave by 48.5% during the second quarter. E. Ohman J or Asset Management AB now owns 7,040 shares of the company’s stock valued at $701,000 after purchasing an additional 2,300 shares during the last quarter. Finally, Bay Rivers Group bought a new position in CoreWeave during the second quarter valued at approximately $255,000.

CoreWeave Trading Down 5.5%

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’s 50-day moving average is $102.32 and its two-hundred day moving average is $95.37. The company has a market cap of $32.63 billion, a P/E ratio of -23.44 and a beta of 7.17.

CoreWeave (NASDAQ:CRWV) last posted its 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 company had revenue of $2.08 billion during the quarter. CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.The company’s revenue for the quarter was up 111.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.60) earnings per share. As a group, equities research analysts predict that CoreWeave Inc. will post -4.57 earnings per share for the current fiscal year.

CoreWeave Company Profile

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.