CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Hits New 52-Week High - Still a Buy?

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $117.50 and last traded at $113.75, with a volume of 8779846 shares traded. The stock had previously closed at $102.74.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CRWV shares. Macquarie upped their price objective on CoreWeave, Inc. Class A Common Stock from $56.00 to $65.00 and gave the stock a "neutral" rating in a research note on Thursday, May 15th. Mizuho increased their price target on shares of CoreWeave, Inc. Class A Common Stock from $46.00 to $70.00 and gave the company an "outperform" rating in a research report on Thursday, May 15th. Citizens Jmp raised shares of CoreWeave, Inc. Class A Common Stock to a "hold" rating in a research report on Thursday, May 22nd. Citigroup boosted their price objective on shares of CoreWeave, Inc. Class A Common Stock from $43.00 to $94.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 21st. Finally, Northland Capmk upgraded shares of CoreWeave, Inc. Class A Common Stock to a "strong-buy" rating in a research note on Tuesday, May 13th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $60.94.

CoreWeave, Inc. Class A Common Stock Stock Up 3.4%

The business has a 50-day moving average price of $59.01.

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

Insider Activity

In other CoreWeave, Inc. Class A Common Stock news, insider Kristen J. Mcveety sold 69,460 shares of the stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $40.00, for a total transaction of $2,778,400.00. The sale was disclosed in a filing with the SEC, 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 dated Monday, March 3rd. The shares were sold at an average price of $47.56, for a total value of $10,499,345.60. Following the transaction, the director now owns 126,220 shares of the company's stock, valued at $6,003,023.20. The trade was a 63.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 302,940 shares of company stock valued at $13,786,546 in the last ninety days.

Institutional Trading of CoreWeave, Inc. Class A Common Stock

A hedge fund recently bought a new stake in CoreWeave, Inc. Class A Common Stock stock. Gamco Investors INC. ET AL purchased a new stake in CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 8,575 shares of the company's stock, valued at approximately $318,000.

About CoreWeave, Inc. Class A Common Stock

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.