CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Trading 2.6% Higher - Time to Buy?

Shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) rose 2.6% on Thursday . The company traded as high as $130.76 and last traded at $119.19. Approximately 17,016,086 shares traded hands during trading, a decline of 8% from the average daily volume of 18,590,109 shares. The stock had previously closed at $116.15.

Analysts Set New Price Targets

Several brokerages have commented on CRWV. Citizens Jmp upgraded CoreWeave, Inc. Class A Common Stock to a "hold" rating in a research note on Thursday, May 22nd. 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 research report on Tuesday. Stifel Nicolaus assumed coverage on shares of CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They set a "buy" rating and a $55.00 price target for the company. Needham & Company LLC reaffirmed a "buy" rating and set a $55.00 price target on shares of CoreWeave, Inc. Class A Common Stock in a research report on Thursday, May 15th. Finally, DA Davidson lowered shares of CoreWeave, Inc. Class A Common Stock from a "neutral" rating to an "underperform" rating and set a $36.00 price target on the stock. in a report on Thursday, May 15th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $60.94.

CoreWeave, Inc. Class A Common Stock Trading Up 3.4%

The firm's fifty day moving average price is $60.06.

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) last released its quarterly 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

In other news, 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 transaction of $508,800.00. Following the completion of the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Kristen J. Mcveety sold 69,460 shares of CoreWeave, Inc. Class A Common Stock 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 302,940 shares of company stock worth $13,786,546.

Hedge Funds Weigh In On 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 acquired a new position in shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 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.