CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Trading Up 16.5% - Time to Buy?

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on CRWV shares. Jefferies Financial Group started coverage on CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They issued a "buy" rating and a $51.00 price target for the company. JMP Securities started coverage on CoreWeave, Inc. Class A Common Stock in a research note on Thursday, May 22nd. They issued a "market perform" rating for the company. Wall Street Zen lowered CoreWeave, Inc. Class A Common Stock from a "hold" rating to a "sell" rating in a research note on Thursday, May 22nd. Northland Capmk upgraded CoreWeave, Inc. Class A Common Stock to a "strong-buy" rating in a report on Tuesday, May 13th. Finally, DA Davidson cut CoreWeave, Inc. Class A Common Stock from a "neutral" rating to an "underperform" rating and set a $36.00 price objective on the stock. in a report 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 given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $60.94.

CoreWeave, Inc. Class A Common Stock Stock Up 3.4%

The company has a fifty day moving average of $60.06.

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 Transactions at CoreWeave, Inc. Class A Common Stock

In other news, insider Kristen J. Mcveety sold 69,460 shares of CoreWeave, Inc. Class A Common Stock stock in a transaction that occurred on Thursday, March 27th. The shares were 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, CFO Nitin Agrawal sold 12,720 shares of CoreWeave, Inc. Class A Common Stock stock in a transaction that occurred on Thursday, March 27th. The shares were 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 302,940 shares of company stock worth $13,786,546 in the last ninety days.

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 shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 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.