CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Downgraded by DA Davidson to Underperform

DA Davidson downgraded shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Free Report) from a neutral rating to an underperform rating in a report released on Thursday, Marketbeat.com reports. The brokerage currently has $36.00 target price on the stock.

Other analysts have also recently issued reports about the company. Bank of America started coverage on CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They issued a "buy" rating and a $42.00 target price for the company. Macquarie started coverage on CoreWeave, Inc. Class A Common Stock in a report on Wednesday, May 7th. They issued a "neutral" rating and a $56.00 target price for the company. Melius Research upgraded CoreWeave, Inc. Class A Common Stock to a "hold" rating in a report on Tuesday, April 22nd. Citigroup began coverage on CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They issued a "neutral" rating and a $43.00 target price for the company. Finally, Moffett Nathanson began coverage on CoreWeave, Inc. Class A Common Stock in a research report on Monday, May 5th. They set a "neutral" rating and a $43.00 price objective for the company. One 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $55.25.

CoreWeave, Inc. Class A Common Stock Price Performance

NASDAQ CRWV traded up $14.53 during mid-day trading on Thursday, hitting $80.30. The stock had a trading volume of 42,524,751 shares, compared to its average volume of 14,032,203. CoreWeave, Inc. Class A Common Stock has a twelve month low of $33.51 and a twelve month high of $84.00.

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

Insider Activity at CoreWeave, Inc. Class A Common Stock

In other CoreWeave, Inc. Class A Common Stock news, CFO Nitin Agrawal sold 12,720 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 value of $508,800.00. Following the sale, the chief financial officer now owns 231,811 shares of the company's stock, valued at $9,272,440. This trade represents a 5.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jack D. Cogen sold 220,760 shares of the 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 completion of the sale, the director now directly owns 126,220 shares in the company, valued at $6,003,023.20. This represents a 63.62% decrease in their position. The disclosure for this sale can be found here. Insiders sold 302,940 shares of company stock worth $13,786,546 in the last three months.

Institutional Investors Weigh In On 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 bought a new position in shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 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.