CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Trading 1.6% Higher - What's Next?

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) was up 1.6% during mid-day trading on Tuesday . The stock traded as high as $90.74 and last traded at $87.98. Approximately 14,175,088 shares changed hands during mid-day trading, a decline of 2% from the average daily volume of 14,503,352 shares. The stock had previously closed at $86.59.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CRWV shares. DA Davidson cut CoreWeave, Inc. Class A Common Stock from a "neutral" rating to an "underperform" rating and set a $36.00 price target for the company. in a research note on Thursday, May 15th. Melius initiated coverage on shares of CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They set a "hold" rating and a $40.00 target price for the company. Citigroup started coverage on CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They set a "neutral" rating and a $43.00 price objective on the stock. Needham & Company LLC restated a "buy" rating and issued a $55.00 target price on shares of CoreWeave, Inc. Class A Common Stock in a research note on Thursday, May 15th. Finally, Stifel Nicolaus started coverage on shares of CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They set a "buy" rating and a $55.00 price target for the company. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $55.25.

CoreWeave, Inc. Class A Common Stock Price Performance

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) last released its earnings results on Wednesday, May 14th. The company reported ($0.83) EPS for the quarter, missing analysts' consensus estimates of ($0.16) by ($0.67).

Insider Activity 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 stock was sold at an average price of $40.00, for a total value of $2,778,400.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Jack D. Cogen sold 220,760 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $47.56, for a total transaction 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. This trade represents a 63.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 302,940 shares of company stock valued at $13,786,546.

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 purchased a new position in CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Free Report) during the first quarter, according to its most recent Form 13F filing 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.

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