CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Hits New 12-Month High - Should You Buy?

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report)'s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $88.90 and last traded at $86.59, with a volume of 32751459 shares traded. The stock had previously closed at $80.30.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CRWV shares. Stifel Nicolaus started coverage on shares of CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They issued a "buy" rating and a $55.00 target price for the company. Deutsche Bank Aktiengesellschaft started coverage on shares of CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They issued a "hold" rating and a $45.00 target price for the company. Morgan Stanley raised their target price on shares of CoreWeave, Inc. Class A Common Stock from $46.00 to $58.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 15th. Citigroup started coverage on shares of CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They issued a "neutral" rating and a $43.00 target price for the company. Finally, The Goldman Sachs Group raised their target price on shares of CoreWeave, Inc. Class A Common Stock from $54.00 to $61.00 and gave the stock a "neutral" rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $55.25.

CoreWeave, Inc. Class A Common Stock Price Performance

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) last released its quarterly earnings data on Wednesday, May 14th. The company reported ($0.83) earnings per share for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.67).

Insider Buying and Selling at CoreWeave, Inc. Class A Common Stock

In other news, insider Kristen J. Mcveety sold 69,460 shares of CoreWeave, Inc. Class A Common Stock stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $40.00, for a total value of $2,778,400.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jack D. Cogen sold 220,760 shares of CoreWeave, Inc. Class A Common Stock stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $47.56, for a total transaction of $10,499,345.60. Following the completion of the sale, the director now owns 126,220 shares of the company's stock, valued at $6,003,023.20. This represents a 63.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 302,940 shares of company stock worth $13,786,546.

Institutional Trading of CoreWeave, Inc. Class A Common Stock

An institutional investor recently bought a new position in CoreWeave, Inc. Class A Common Stock stock. Gamco Investors INC. ET AL purchased a new position in CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 8,575 shares of the company's stock, valued at approximately $318,000.

CoreWeave, Inc. Class A Common Stock Company Profile

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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