CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Trading Down 2.6% - Should You Sell?

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) shares fell 2.6% during trading on Friday . The stock traded as low as $142.50 and last traded at $145.11. 4,668,338 shares changed hands during trading, a decline of 78% from the average session volume of 21,438,191 shares. The stock had previously closed at $148.97.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CRWV. DA Davidson reaffirmed an "underperform" rating and set a $36.00 price objective on shares of CoreWeave, Inc. Class A Common Stock in a report on Tuesday. Mizuho upped their price objective on shares of CoreWeave, Inc. Class A Common Stock from $46.00 to $70.00 and gave the stock an "outperform" rating in a report on Thursday, May 15th. Wells Fargo & Company increased their price target on shares of CoreWeave, Inc. Class A Common Stock from $50.00 to $60.00 and gave the company an "equal weight" rating in a report on Thursday, May 15th. Jefferies Financial Group started coverage on shares of CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They issued a "buy" rating and a $51.00 price target for the company. Finally, Bank of America increased their price target on shares of CoreWeave, Inc. Class A Common Stock from $42.00 to $76.00 and gave the company a "buy" rating in a report on Thursday, May 15th. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $65.00.

CoreWeave, Inc. Class A Common Stock Trading Down 1.2%

The firm has a 50-day moving average of $79.37.

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) last issued 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 Activity at CoreWeave, Inc. Class A Common Stock

In related news, CFO Nitin Agrawal sold 12,720 shares of the business'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 $508,800.00. Following the completion of the transaction, the chief financial officer now owns 231,811 shares in the company, valued at approximately $9,272,440. The trade was a 5.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Kristen J. Mcveety sold 69,460 shares of the business'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 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 bought a new position in shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 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.