CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Shares Up 11.6% - Should You Buy?

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) shares rose 11.6% during mid-day trading on Monday . The company traded as high as $158.90 and last traded at $156.41. Approximately 11,492,324 shares changed hands during trading, a decline of 46% from the average daily volume of 21,330,088 shares. The stock had previously closed at $140.16.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Mizuho raised their price target on shares of CoreWeave, Inc. Class A Common Stock from $46.00 to $70.00 and gave the company an "outperform" rating in a report on Thursday, May 15th. Melius initiated coverage on shares of CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They issued a "hold" rating and a $40.00 target price on the stock. Arete Research upgraded shares of CoreWeave, Inc. Class A Common Stock to a "hold" rating in a report on Thursday, June 5th. Stifel Nicolaus initiated coverage on shares of CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They set a "buy" rating and a $55.00 price target for the company. Finally, Citigroup raised their price objective on CoreWeave, Inc. Class A Common Stock from $43.00 to $94.00 and gave the company a "neutral" rating in a research report on Wednesday, May 21st. Two investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $65.00.

CoreWeave, Inc. Class A Common Stock Stock Down 4.4%

The company has a fifty day simple moving average of $73.28.

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) last announced its quarterly earnings data on Wednesday, May 14th. The company reported ($0.83) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.67).

Insiders Place Their Bets

In other CoreWeave, Inc. Class A Common Stock 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 transaction of $508,800.00. Following the sale, the chief financial officer now directly owns 231,811 shares of the company's stock, valued at $9,272,440. The trade was a 5.20% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Kristen J. Mcveety sold 69,460 shares of the 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 $2,778,400.00. 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 bought a new position in shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 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.