CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Stock Price Up 1.1% - Should You Buy?

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) was up 1.1% on Tuesday . The stock traded as high as $164.80 and last traded at $160.25. Approximately 9,191,498 shares traded hands during trading, a decline of 57% from the average daily volume of 21,392,533 shares. The stock had previously closed at $158.50.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CRWV shares. Bank of America cut CoreWeave, Inc. Class A Common Stock from a "buy" rating to a "neutral" rating in a report on Monday. Morgan Stanley boosted their target price on shares of CoreWeave, Inc. Class A Common Stock from $46.00 to $58.00 and gave the company an "equal weight" rating in a report on Thursday, May 15th. Citizens Jmp upgraded CoreWeave, Inc. Class A Common Stock to a "hold" rating in a research note on Thursday, May 22nd. DA Davidson reiterated an "underperform" rating and set a $36.00 target price on shares of CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, June 10th. Finally, Wall Street Zen cut CoreWeave, Inc. Class A Common Stock from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $65.00.

CoreWeave, Inc. Class A Common Stock Stock Up 8.8%

The firm has a 50 day simple moving average of $81.67.

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) last issued its earnings results 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 other news, insider Kristen J. Mcveety sold 69,460 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 transaction of $2,778,400.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Nitin Agrawal sold 12,720 shares of the company's 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 $508,800.00. Following the completion of the sale, the chief financial officer now 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 Inflows and Outflows

An institutional investor recently bought a new position in CoreWeave, Inc. Class A Common Stock stock. Gamco Investors INC. ET AL acquired a new stake in shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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.

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