CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Stock Price Up 16.5% - Should You Buy?

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) shares traded up 16.5% on Tuesday . The company traded as high as $121.46 and last traded at $119.69. 17,732,851 shares traded hands during mid-day trading, a decline of 1% from the average session volume of 17,857,023 shares. The stock had previously closed at $102.74.

Analyst Upgrades and Downgrades

Several research firms recently commented on CRWV. Citigroup boosted their price target on CoreWeave, Inc. Class A Common Stock from $43.00 to $94.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 21st. Northland Capmk raised shares of CoreWeave, Inc. Class A Common Stock to a "strong-buy" rating in a report on Tuesday, May 13th. JPMorgan Chase & Co. increased their target price on shares of CoreWeave, Inc. Class A Common Stock from $43.00 to $66.00 and gave the company an "overweight" rating in a research report on Friday, May 16th. Melius Research upgraded shares of CoreWeave, Inc. Class A Common Stock to a "hold" rating in a research report on Tuesday, April 22nd. Finally, 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 research note on Thursday, May 15th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, CoreWeave, Inc. Class A Common Stock currently has a consensus rating of "Hold" and a consensus price target of $60.94.

CoreWeave, Inc. Class A Common Stock Stock Up 6.5%

The stock's fifty day moving average price is $58.00.

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) last issued 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 dated 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 accessible through this hyperlink. Also, Director Jack D. Cogen sold 220,760 shares of CoreWeave, Inc. Class A Common Stock stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $47.56, for a total value of $10,499,345.60. Following the completion of the transaction, the director now owns 126,220 shares of the company's stock, valued at $6,003,023.20. The trade was a 63.62% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 302,940 shares of company stock valued at $13,786,546 in the last ninety days.

Institutional Investors 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 purchased a new position in CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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.