CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Trading 2.6% Higher - What's Next?

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

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CRWV. Deutsche Bank Aktiengesellschaft began coverage on CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They set a "hold" rating and a $45.00 price objective on the stock. Melius began coverage on shares of CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They issued a "hold" rating and a $40.00 price target on the stock. Melius Research upgraded shares of CoreWeave, Inc. Class A Common Stock to a "hold" rating in a research report on Tuesday, April 22nd. Mizuho upped their target price on shares of CoreWeave, Inc. Class A Common Stock from $46.00 to $70.00 and gave the stock an "outperform" rating in a report on Thursday, May 15th. Finally, Wells Fargo & Company increased their target price on shares of CoreWeave, Inc. Class A Common Stock from $50.00 to $60.00 and gave the stock an "equal weight" rating in a research note on Thursday, May 15th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $60.94.

CoreWeave, Inc. Class A Common Stock Stock Performance

The company's 50-day simple moving average is $60.06.

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) EPS for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.67).

Insiders Place Their Bets

In other news, Director Jack D. Cogen sold 220,760 shares of CoreWeave, Inc. Class A Common Stock stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $47.56, for a total value of $10,499,345.60. Following the transaction, the director now owns 126,220 shares in the company, valued at approximately $6,003,023.20. The trade was a 63.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 value of $2,778,400.00. The disclosure for this sale can be found here. Insiders sold a total of 302,940 shares of company stock valued at $13,786,546 over the last quarter.

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 stake in CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 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.