CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Shares Down 8.2% - What's Next?

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) shares were down 8.2% on Thursday . The stock traded as low as $142.58 and last traded at $149.70. Approximately 20,948,103 shares traded hands during trading, an increase of 0% from the average daily volume of 20,882,709 shares. The stock had previously closed at $163.10.

Analyst Ratings Changes

CRWV has been the subject of several recent research reports. Barclays reissued an "equal weight" rating and issued a $100.00 target price (up from $70.00) on shares of CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, May 27th. Citigroup lifted their price objective on shares of CoreWeave, Inc. Class A Common Stock from $43.00 to $94.00 and gave the company a "neutral" rating in a research note on Wednesday, May 21st. Mizuho increased 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 research report on Thursday, May 15th. DA Davidson lowered CoreWeave, Inc. Class A Common Stock from a "neutral" rating to an "underperform" rating and set a $36.00 target price on the stock. in a report on Thursday, May 15th. Finally, JPMorgan Chase & Co. boosted their price target on CoreWeave, Inc. Class A Common Stock from $43.00 to $66.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, CoreWeave, Inc. Class A Common Stock currently has a consensus rating of "Hold" and a consensus price target of $65.00.

CoreWeave, Inc. Class A Common Stock Trading Up 3.8%

The stock's 50 day simple moving average is $69.24.

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

Insider Buying and Selling at CoreWeave, Inc. Class A Common Stock

In other news, CFO Nitin Agrawal sold 12,720 shares of the business's 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 $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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Kristen J. Mcveety sold 69,460 shares of the company's stock in a transaction 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

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) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 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.