CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Stock Price Up 4.8% - Time to Buy?

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report)'s stock price shot up 4.8% during mid-day trading on Wednesday . The company traded as high as $158.00 and last traded at $157.70. 25,157,072 shares were traded during mid-day trading, an increase of 25% from the average session volume of 20,193,965 shares. The stock had previously closed at $150.48.

Analyst Ratings Changes

A number of research firms have issued reports on CRWV. Citigroup raised their target price 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. DA Davidson downgraded CoreWeave, Inc. Class A Common Stock from a "neutral" rating to an "underperform" rating and set a $36.00 target price for the company. in a research report on Thursday, May 15th. Wells Fargo & Company lifted their price target on CoreWeave, Inc. Class A Common Stock from $50.00 to $60.00 and gave the company an "equal weight" rating in a research report on Thursday, May 15th. JPMorgan Chase & Co. lifted their price target on 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. Finally, Northland Capmk upgraded CoreWeave, Inc. Class A Common Stock to a "strong-buy" rating in a research report on Tuesday, May 13th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $65.00.

CoreWeave, Inc. Class A Common Stock Stock Performance

The business has a 50 day simple moving average of $67.49.

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) last released its quarterly 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 Buying and Selling

In other news, insider Kristen J. Mcveety sold 69,460 shares of CoreWeave, Inc. Class A Common Stock stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $40.00, for a total value of $2,778,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Nitin Agrawal sold 12,720 shares of CoreWeave, Inc. Class A Common Stock stock in a transaction dated Thursday, March 27th. The stock was 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 of the company's stock, valued at $9,272,440. The trade was a 5.20% decrease in their ownership of the stock. The disclosure for this sale can be found here.

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 acquired a new position in CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. 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.