CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Shares Down 1.9% - Time to Sell?

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report)'s share price traded down 1.9% on Monday . The company traded as low as $40.51 and last traded at $40.75. 1,844,999 shares changed hands during trading, a decline of 87% from the average session volume of 13,693,856 shares. The stock had previously closed at $41.54.

Analyst Ratings Changes

A number of brokerages recently issued reports on CRWV. Citigroup assumed coverage on CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They issued a "neutral" rating and a $43.00 price objective on the stock. The Goldman Sachs Group assumed coverage on CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They set a "neutral" rating and a $54.00 price objective for the company. Barclays started coverage on shares of CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They issued an "overweight" rating and a $48.00 target price on the stock. Needham & Company LLC began coverage on shares of CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They issued a "buy" rating and a $55.00 price target on the stock. Finally, Bank of America began coverage on CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They set a "buy" rating and a $42.00 price objective on the stock. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $46.86.

CoreWeave, Inc. Class A Common Stock Stock Down 0.8 %

Insider Transactions at CoreWeave, Inc. Class A Common Stock

In related news, 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 transaction, the director now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Nitin Agrawal sold 12,720 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 $508,800.00. Following the sale, the chief financial officer now directly owns 231,811 shares in the company, valued at approximately $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. In the last three months, insiders have sold 302,940 shares of company stock worth $13,786,546.

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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