CoreWeave (NASDAQ:CRWV) Stock Price Down 3.1% – What’s Next?

Shares of CoreWeave Inc. (NASDAQ:CRWV) fell 3.1% during mid-day trading on Tuesday . The company traded as low as $66.00 and last traded at $71.29. 27,670,078 shares were traded during trading, an increase of 14% from the average session volume of 24,215,746 shares. The stock had previously closed at $73.60.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Arete raised 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. DA Davidson reiterated an “underperform” rating and issued a $36.00 target price on shares of CoreWeave in a research report on Tuesday, November 11th. Citigroup raised shares of CoreWeave from a “neutral” rating to a “buy” rating and set a $160.00 target price on the stock in a research note on Thursday, July 31st. Wells Fargo & Company reduced their price target on shares of CoreWeave from $170.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, November 12th. Finally, Argus reiterated a “buy” rating and issued a $200.00 price objective on shares of CoreWeave in a report on Thursday, August 14th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, twelve have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $130.14.

CoreWeave Price Performance

The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 2.66. The firm has a market cap of $27.55 billion and a price-to-earnings ratio of -49.17. The stock has a 50-day moving average of $118.49 and a two-hundred day moving average of $120.55.

CoreWeave (NASDAQ:CRWV) last posted its quarterly earnings data on Monday, November 10th. The company reported ($0.22) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.36) by $0.14. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the previous year, the firm posted ($1.82) EPS. CoreWeave’s quarterly revenue was up 133.7% on a year-over-year basis. CoreWeave has set its FY 2025 guidance at EPS.

Insiders Place Their Bets

In other news, insider Brian M. Venturo sold 281,250 shares of the firm’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $87.57, for a total value of $24,629,062.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Nitin Agrawal sold 5,841 shares of CoreWeave stock in a transaction on Thursday, November 20th. The shares were sold at an average price of $82.55, for a total value of $482,174.55. Following the transaction, the chief financial officer owned 151,159 shares in the company, valued at $12,478,175.45. This represents a 3.72% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 33,161,316 shares of company stock worth $4,241,069,389 in the last quarter.

Institutional Investors Weigh In On CoreWeave

Institutional investors have recently bought and sold shares of the business. Costello Asset Management INC lifted its position in shares of CoreWeave by 33.3% in the second quarter. Costello Asset Management INC now owns 400 shares of the company’s stock worth $65,000 after purchasing an additional 100 shares in the last quarter. Chilton Capital Management LLC increased its stake in CoreWeave by 50.2% in the 3rd quarter. Chilton Capital Management LLC now owns 362 shares of the company’s stock valued at $50,000 after buying an additional 121 shares during the period. Family Legacy Financial Solutions LLC increased its stake in CoreWeave by 166.7% in the 3rd quarter. Family Legacy Financial Solutions LLC now owns 200 shares of the company’s stock valued at $27,000 after buying an additional 125 shares during the period. CoreCap Advisors LLC lifted its position in CoreWeave by 29.6% in the 3rd quarter. CoreCap Advisors LLC now owns 644 shares of the company’s stock worth $88,000 after buying an additional 147 shares in the last quarter. Finally, Pittenger & Anderson Inc. boosted its stake in shares of CoreWeave by 36.0% during the 3rd quarter. Pittenger & Anderson Inc. now owns 680 shares of the company’s stock valued at $93,000 after buying an additional 180 shares during the period.

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.