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

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

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of CoreWeave, Inc. Class A Common Stock from $43.00 to $66.00 and gave the company an "overweight" rating in a report on Friday, May 16th. Needham & Company LLC reiterated a "buy" rating and set a $55.00 price objective on shares of CoreWeave, Inc. Class A Common Stock in a research report on Thursday, May 15th. Deutsche Bank Aktiengesellschaft started 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 $45.00 price objective for the company. Arete assumed coverage on shares of CoreWeave, Inc. Class A Common Stock in a research report on Thursday. They set a "neutral" rating and a $130.00 price objective for the company. Finally, Barclays reissued an "equal weight" rating and set a $100.00 target price (up from $70.00) on shares of CoreWeave, Inc. Class A Common Stock in a report on Tuesday, May 27th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, CoreWeave, Inc. Class A Common Stock has an average rating of "Hold" and a consensus target price of $65.00.

CoreWeave, Inc. Class A Common Stock Trading Up 3.8%

The stock has a 50 day simple moving average of $69.24.

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 (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.67).

Insider Buying and Selling at CoreWeave, Inc. Class A Common Stock

In other news, insider Kristen J. Mcveety sold 69,460 shares of the stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $40.00, for a total value of $2,778,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Nitin Agrawal sold 12,720 shares of the stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $40.00, for a total transaction 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 approximately $9,272,440. This represents a 5.20% decrease in their position. The disclosure for this sale can be found here.

Institutional Trading of 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 bought a new stake in CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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.