CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Trading Down 2.1% - Should You Sell?

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report)'s stock price was down 2.1% on Thursday . The company traded as low as $142.50 and last traded at $146.63. Approximately 7,674,564 shares traded hands during trading, a decline of 65% from the average daily volume of 21,619,295 shares. The stock had previously closed at $149.70.

Analysts Set New Price Targets

Several research analysts have recently commented on CRWV shares. JPMorgan Chase & Co. raised their price target on CoreWeave, Inc. Class A Common Stock from $43.00 to $66.00 and gave the stock an "overweight" rating in a research report on Friday, May 16th. Stifel Nicolaus started coverage on CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They set a "buy" rating and a $55.00 target price for the company. Melius Research upgraded shares of CoreWeave, Inc. Class A Common Stock to a "hold" rating in a research note on Tuesday, April 22nd. DA Davidson reissued an "underperform" rating and issued a $36.00 price objective on shares of CoreWeave, Inc. Class A Common Stock in a research note on Tuesday. Finally, Barclays reaffirmed 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 research note on Tuesday, May 27th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $65.00.

CoreWeave, Inc. Class A Common Stock Stock Down 1.3%

The business has a 50 day moving average of $77.30.

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 the consensus estimate of ($0.16) by ($0.67).

Insider Transactions at CoreWeave, Inc. Class A Common Stock

In related news, CFO Nitin Agrawal sold 12,720 shares of the 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 $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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kristen J. Mcveety sold 69,460 shares of the firm's 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 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 bought a new position in CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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.