CoreWeave (CRWV) Stock Falls 12% as CEO Sells $17M in One Day

TLDR

• CoreWeave stock fell 12.1% to $93.17 on Tuesday in heavy trading volume, up 28% above its daily average.
• The drop was driven by rising Treasury yields and fears of excessive AI infrastructure spending hitting neocloud stocks broadly.
• Despite the selloff, quarterly revenue grew 112.5% year over year to $2.58 billion, beating loss estimates by $0.38 per share.
• Analysts hold a “Moderate Buy” consensus with an average price target of $138.72, though Raymond James downgraded to “Hold” in July.
• Insider selling has been heavy, with over 9 million units sold in the past three months, including CEO Michael Intrator selling 200,000 at $89.18.

CoreWeave stock dropped 12.1% on Tuesday, falling from $106.00 to $93.17 during mid-day trading. Volume hit nearly 37 million units, about 28% above the stock’s daily average.

CoreWeave, Inc. Class A Common Stock, CRWV

The selloff was part of a broader move away from neocloud stocks. Rising long-term Treasury yields are putting pressure on high-growth companies whose valuations depend on future cash flows.

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