CoreWeave (NASDAQ:CRWV) Trading Down 3.5% on Analyst Downgrade

CoreWeave Inc. (NASDAQ:CRWV) fell 3.5% on Wednesday 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 $74.81 and last traded at $77.12. 23,978,476 shares traded hands during mid-day trading, a decline of 15% from the average session volume of 28,361,281 shares. The stock had previously closed at $79.94.

Several other analysts have also recently commented on the stock. Cantor Fitzgerald reiterated an “overweight” rating and set a $167.00 target price on shares of CoreWeave in a research report on Thursday, June 11th. Barclays lifted their price objective on CoreWeave from $106.00 to $120.00 and gave the stock an “equal weight” rating in a research note on Monday, May 11th. DA Davidson reiterated a “neutral” rating and issued a $100.00 price objective (down from $175.00) on shares of CoreWeave in a report on Monday, May 18th. Citigroup increased their target price on CoreWeave from $155.00 to $158.00 and gave the company a “buy” rating in a research note on Thursday, May 14th. Finally, Evercore restated an “outperform” rating and set a $150.00 target price on shares of CoreWeave in a report on Wednesday, April 15th. Twenty-one research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $136.42.

Insider Transactions at CoreWeave

In related news, major shareholder Magnetar Financial Llc sold 1,404,667 shares of the firm’s stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $118.30, for a total transaction of $166,172,106.10. Following the sale, the insider owned 282,570 shares of the company’s stock, valued at approximately $33,428,031. This trade represents a 83.25% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jack D. Cogen sold 986,540 shares of CoreWeave stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $107.80, for a total value of $106,349,012.00. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 24,130,539 shares of company stock valued at $2,824,785,086 over the last three months. 24.20% of the stock is currently owned by corporate insiders.

CoreWeave News Roundup

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: Some coverage remains constructive on CoreWeave’s growth potential, pointing to its expanding backlog, AI infrastructure demand, and cloud platform as reasons it could still offer upside versus larger rivals. CRWV vs. MSFT: Which AI Cloud Stock Has More Growth Potential?
• Positive Sentiment: Industry commentary suggests AI companies are increasingly willing to pay for scarce power infrastructure, which could support demand for CoreWeave’s data center capacity over time. Bitcoin Miners Cash In as AI Hits a Power Bottleneck
• Neutral Sentiment: CoreWeave is exploring derivatives to hedge memory-chip price risk, a sign the company is trying to manage input-cost volatility rather than a direct change to near-term fundamentals. AI cloud company CoreWeave explores Wall Street playbook to hedge memory-chip price risk
• Neutral Sentiment: There was also legal/newsflow around a shareholder lawsuit notice, but it appears more procedural than a fundamental business development at this stage. LONG TERM Investors in CoreWeave, Inc. (NASDAQ: CRWV) shares should contact the Shareholders Foundation in connection with Lawsuit
• Negative Sentiment: Mizuho lowered its price target on CoreWeave (NASDAQ: CRWV) to $100 from $110 and kept a neutral rating, reinforcing more cautious expectations for the stock. Benzinga report on Mizuho price target cut
• Negative Sentiment: Shares are also under pressure from growing competition and strategic uncertainty, including Meta’s new cloud AI offering and broader concerns about AI infrastructure demand and chip-related risks. CoreWeave (CRWV) Stock Faces Meta Compute Threat As Ark Invest Adds Shares
• Negative Sentiment: Recent reports also note the stock has been trending lower over the past week and month, reflecting investor concern that CoreWeave’s rapid growth story may face margin, competition, and execution challenges. CoreWeave Stock Trending Lower as Meta Cloud Threat, DeepSeek Chip Concerns Mount

Institutional Investors Weigh In On CoreWeave

A number of hedge funds have recently modified their holdings of the business. Sivia Capital Partners LLC bought a new stake in CoreWeave during the 2nd quarter worth approximately $39,824,000. Quantbot Technologies LP acquired a new position in shares of CoreWeave in the second quarter valued at approximately $311,000. Invesco Ltd. bought a new stake in shares of CoreWeave during the second quarter worth $882,000. First Trust Advisors LP bought a new stake in shares of CoreWeave during the second quarter worth $20,260,000. Finally, Baird Financial Group Inc. acquired a new stake in shares of CoreWeave during the second quarter worth $455,000.

CoreWeave Trading Down 3.5%

The firm has a market capitalization of $34.52 billion, a price-to-earnings ratio of -24.80 and a beta of 7.17. The business’s fifty day moving average is $103.54 and its 200 day moving average is $95.38. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 3.68.

CoreWeave (NASDAQ:CRWV) last announced its earnings results on Thursday, May 7th. The company reported ($1.40) earnings per share 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% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.60) earnings per share. Equities analysts predict that CoreWeave Inc. will post -4.57 earnings per share for the current 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.