CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Shares Gap Up - What's Next?

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report)'s stock price gapped up prior to trading on Wednesday . The stock had previously closed at $154.90, but opened at $160.01. CoreWeave, Inc. Class A Common Stock shares last traded at $157.23, with a volume of 5,429,551 shares.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CRWV. Moffett Nathanson began coverage on CoreWeave, Inc. Class A Common Stock in a research report on Monday, May 5th. They issued a "neutral" rating and a $43.00 price target on the stock. 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 report on Thursday, May 15th. Stifel Nicolaus began coverage on CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They issued a "buy" rating and a $55.00 price target on the stock. Morgan Stanley raised their price target on CoreWeave, Inc. Class A Common Stock from $46.00 to $58.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 15th. Finally, Northland Capmk upgraded CoreWeave, Inc. Class A Common Stock to a "strong-buy" rating in a report on Tuesday, May 13th. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, CoreWeave, Inc. Class A Common Stock has an average rating of "Hold" and a consensus target price of $65.00.

CoreWeave, Inc. Class A Common Stock Stock Down 1.2%

The firm's fifty day moving average price is $79.37.

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) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 the business's stock in a transaction that occurred on 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 accessible through the SEC website. Also, CFO Nitin Agrawal sold 12,720 shares of the business's stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $40.00, for a total value of $508,800.00. Following the transaction, the chief financial officer now directly owns 231,811 shares in the company, valued at approximately $9,272,440. This trade represents a 5.20% decrease in their position. The disclosure for this sale can be found here.

Hedge Funds 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 purchased a new position in shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Free Report) during the first quarter, according to the company in 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.

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.