CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Trading Up 6.9% - Still a Buy?

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) shares shot up 6.9% during mid-day trading on Monday . The company traded as high as $123.66 and last traded at $119.04. 15,065,279 shares traded hands during mid-day trading, a decline of 21% from the average session volume of 19,123,146 shares. The stock had previously closed at $111.31.

Analyst Upgrades and Downgrades

Several brokerages have commented on CRWV. JPMorgan Chase & Co. raised their price objective 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. Moffett Nathanson started coverage on shares of CoreWeave, Inc. Class A Common Stock in a research report on Monday, May 5th. They set a "neutral" rating and a $43.00 price target for the company. Deutsche Bank Aktiengesellschaft initiated coverage on shares of CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They set a "hold" rating and a $45.00 price objective on the stock. Mizuho raised their target price on shares of CoreWeave, Inc. Class A Common Stock from $46.00 to $70.00 and gave the company an "outperform" rating in a research note on Thursday, May 15th. Finally, Wells Fargo & Company boosted their price target on CoreWeave, Inc. Class A Common Stock from $50.00 to $60.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 15th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, CoreWeave, Inc. Class A Common Stock has an average rating of "Hold" and an average target price of $60.94.

CoreWeave, Inc. Class A Common Stock Trading Up 25.2%

The stock's 50 day moving average price is $63.07.

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 CoreWeave, Inc. Class A Common Stock news, insider Kristen J. Mcveety sold 69,460 shares of the firm's 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 legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Nitin Agrawal sold 12,720 shares of the company's stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $40.00, for a total transaction of $508,800.00. Following the completion of the transaction, the chief financial officer now owns 231,811 shares of the company's stock, valued at approximately $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 Inflows and Outflows

A hedge fund recently bought a new stake in CoreWeave, Inc. Class A Common Stock stock. Gamco Investors INC. ET AL acquired a new stake in shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 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.