CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $150.48, but opened at $155.88. CoreWeave, Inc. Class A Common Stock shares last traded at $155.44, with a volume of 13,378,116 shares.
Analysts Set New Price Targets
A number of research analysts have recently commented on the stock. Morgan Stanley upped their price target on shares of CoreWeave, Inc. Class A Common Stock from $46.00 to $58.00 and gave the stock an "equal weight" rating in a report on Thursday, May 15th. Jefferies Financial Group assumed coverage on shares of CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They set a "buy" rating and a $51.00 price objective on the stock. The Goldman Sachs Group increased their price target on shares of CoreWeave, Inc. Class A Common Stock from $54.00 to $61.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. Barclays reiterated an "equal weight" rating and issued a $100.00 price target (up previously from $70.00) on shares of CoreWeave, Inc. Class A Common Stock in a report on Tuesday, May 27th. Finally, Wall Street Zen downgraded shares of CoreWeave, Inc. Class A Common Stock from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $65.00.
Get Our Latest Stock Report on CRWV
CoreWeave, Inc. Class A Common Stock Price Performance
The firm has a fifty day simple moving average of $65.53.
CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) last posted its quarterly earnings results on Wednesday, May 14th. The company reported ($0.83) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.67).
Insider Transactions at CoreWeave, Inc. Class A Common Stock
In related news, 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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kristen J. Mcveety sold 69,460 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 $2,778,400.00. The disclosure for this sale can be found here.
Institutional Trading of 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 bought a new stake in CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 8,575 shares of the company's stock, valued at approximately $318,000.
About CoreWeave, Inc. Class A Common Stock
(
Get Free Report)
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.
Further Reading
Before you consider CoreWeave, Inc. Class A Common Stock, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CoreWeave, Inc. Class A Common Stock wasn't on the list.
While CoreWeave, Inc. Class A Common Stock currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
