CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Stock Price Up 7.1% - Should You Buy?

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) was up 7.1% on Friday . The stock traded as high as $148.79 and last traded at $144.70. Approximately 12,598,654 shares were traded during trading, a decline of 41% from the average daily volume of 21,372,143 shares. The stock had previously closed at $135.05.

Analyst Ratings Changes

Several equities analysts recently weighed in on CRWV shares. Macquarie boosted their price objective on CoreWeave, Inc. Class A Common Stock from $56.00 to $65.00 and gave the stock a "neutral" rating in a research report on Thursday, May 15th. Wells Fargo & Company upped their price target on CoreWeave, Inc. Class A Common Stock from $50.00 to $60.00 and gave the company an "equal weight" rating in a report on Thursday, May 15th. Citizens Jmp raised CoreWeave, Inc. Class A Common Stock to a "hold" rating in a report on Thursday, May 22nd. Melius Research raised CoreWeave, Inc. Class A Common Stock to a "hold" rating in a report on Tuesday, April 22nd. Finally, Wall Street Zen cut CoreWeave, Inc. Class A Common Stock from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Two equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $65.00.

CoreWeave, Inc. Class A Common Stock Price Performance

The firm's 50 day moving average is $69.24.

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

Insider Activity

In related news, insider Kristen J. Mcveety sold 69,460 shares of the 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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Nitin Agrawal sold 12,720 shares of the company's stock in a transaction 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 represents a 5.20% decrease in their position. The disclosure for this sale can be found here.

Institutional Trading of 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 stake in CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 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.