DA Davidson Reaffirms Underperform Rating for CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV)

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report)'s stock had its "underperform" rating reiterated by stock analysts at DA Davidson in a note issued to investors on Tuesday,Benzinga reports. They currently have a $36.00 price target on the stock. DA Davidson's price target indicates a potential downside of 75.47% from the stock's current price.

Other analysts have also issued reports about the company. JMP Securities started coverage on CoreWeave, Inc. Class A Common Stock in a report on Thursday, May 22nd. They set a "market perform" rating on the stock. Moffett Nathanson started coverage on shares of CoreWeave, Inc. Class A Common Stock in a research note on Monday, May 5th. They set a "neutral" rating and a $43.00 price objective on the stock. Arete Research raised shares of CoreWeave, Inc. Class A Common Stock to a "hold" rating in a report on Thursday, June 5th. Needham & Company LLC restated a "buy" rating and issued a $55.00 price target on shares of CoreWeave, Inc. Class A Common Stock in a research note on Thursday, May 15th. Finally, Northland Capmk raised shares of CoreWeave, Inc. Class A Common Stock to a "strong-buy" rating in a report on Tuesday, May 13th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $65.00.

CoreWeave, Inc. Class A Common Stock Trading Down 5.3%

NASDAQ:CRWV traded down $8.15 during midday trading on Tuesday, hitting $146.75. The company's stock had a trading volume of 21,331,335 shares, compared to its average volume of 21,804,727. CoreWeave, Inc. Class A Common Stock has a fifty-two week low of $33.51 and a fifty-two week high of $166.63. The company's 50 day simple moving average is $73.28.

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) 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, insider Kristen J. Mcveety sold 69,460 shares of CoreWeave, Inc. Class A Common Stock stock in a transaction dated Thursday, March 27th. The shares were 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 can be accessed through the SEC website. Also, CFO Nitin Agrawal sold 12,720 shares of the business's stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $40.00, for a total transaction of $508,800.00. Following the completion of the transaction, the chief financial officer now owns 231,811 shares in the company, valued at $9,272,440. The trade was a 5.20% decrease in their ownership of the stock. The disclosure for this sale can be found here.

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 acquired a new position in CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 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.