CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Shares Down 1.7% - Should You Sell?

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) shares fell 1.7% during trading on Monday . The stock traded as low as $49.70 and last traded at $50.71. 2,634,702 shares were traded during trading, a decline of 79% from the average session volume of 12,746,900 shares. The stock had previously closed at $51.57.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Morgan Stanley assumed coverage on CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They issued an "equal weight" rating and a $46.00 price target on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They set a "hold" rating and a $45.00 price target for the company. Bank of America assumed 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 $42.00 price objective for the company. Melius Research upgraded shares of CoreWeave, Inc. Class A Common Stock to a "hold" rating in a report on Tuesday, April 22nd. Finally, Jefferies Financial Group assumed coverage on CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They set a "buy" rating and a $51.00 price target for the company. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, CoreWeave, Inc. Class A Common Stock has a consensus rating of "Hold" and a consensus target price of $47.75.

CoreWeave, Inc. Class A Common Stock Trading Up 0.8 %

Insider Activity at CoreWeave, Inc. Class A Common Stock

In related news, Director Jack D. Cogen sold 220,760 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $47.56, for a total value of $10,499,345.60. Following the completion of the transaction, the director now directly owns 126,220 shares of the company's stock, valued at approximately $6,003,023.20. This trade represents a 63.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $2,778,400.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 302,940 shares of company stock valued at $13,786,546.

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.