CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Reaches New 1-Year High - Here's Why

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report)'s stock price reached a new 52-week high on Tuesday . The stock traded as high as $134.13 and last traded at $134.07, with a volume of 11151287 shares trading hands. The stock had previously closed at $120.20.

Analysts Set New Price Targets

Several analysts have recently weighed in on CRWV shares. Citizens Jmp upgraded shares of CoreWeave, Inc. Class A Common Stock to a "hold" rating in a research note on Thursday, May 22nd. Citigroup lifted their price objective on shares of CoreWeave, Inc. Class A Common Stock from $43.00 to $94.00 and gave the company a "neutral" rating in a research note on Wednesday, May 21st. Arete Research upgraded shares of CoreWeave, Inc. Class A Common Stock to a "hold" rating in a research note on Thursday. Morgan Stanley lifted their price objective on shares of CoreWeave, Inc. Class A Common Stock from $46.00 to $58.00 and gave the company an "equal weight" rating in a research note on Thursday, May 15th. Finally, Moffett Nathanson started coverage on shares of CoreWeave, Inc. Class A Common Stock in a research note on Monday, May 5th. They issued a "neutral" rating and a $43.00 price objective for the company. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $65.00.

CoreWeave, Inc. Class A Common Stock Stock Performance

The stock's 50 day simple moving average is $69.24.

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) last announced its quarterly 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).

Insiders Place Their Bets

In other CoreWeave, Inc. Class A Common Stock news, insider Kristen J. Mcveety sold 69,460 shares of CoreWeave, Inc. Class A Common Stock stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $40.00, for a total transaction of $2,778,400.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Nitin Agrawal sold 12,720 shares of CoreWeave, Inc. Class A Common Stock stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $40.00, for a total transaction of $508,800.00. Following the transaction, the chief financial officer now directly owns 231,811 shares in the company, valued at $9,272,440. This represents a 5.20% decrease in their ownership of the stock. The disclosure for this sale can be found here.

Hedge Funds Weigh In On 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 acquired a new position in shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 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.