CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Stock Price Down 7.1% - Time to Sell?

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report)'s stock price traded down 7.1% during trading on Monday . The company traded as low as $36.18 and last traded at $36.30. 1,810,894 shares traded hands during mid-day trading, a decline of 88% from the average session volume of 15,348,732 shares. The stock had previously closed at $39.09.

Analysts Set New Price Targets

Several research analysts have recently commented on CRWV shares. Jefferies Financial Group started coverage on CoreWeave, Inc. Class A Common Stock in a research report on Tuesday. They issued a "buy" rating and a $51.00 price target for the company. Melius Research raised CoreWeave, Inc. Class A Common Stock to a "hold" rating in a research report on Tuesday. Bank of America assumed coverage on shares of CoreWeave, Inc. Class A Common Stock in a research report on Tuesday. They set a "buy" rating and a $42.00 price target for the company. Morgan Stanley started coverage on CoreWeave, Inc. Class A Common Stock in a research note on Tuesday. They issued an "equal weight" rating and a $46.00 target price on the stock. Finally, Stifel Nicolaus started coverage on shares of CoreWeave, Inc. Class A Common Stock in a research report on Tuesday. They set a "buy" rating and a $55.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, CoreWeave, Inc. Class A Common Stock presently has an average rating of "Hold" and a consensus price target of $46.86.

CoreWeave, Inc. Class A Common Stock Stock Down 0.6 %

Insider Transactions at CoreWeave, Inc. Class A Common Stock

In other CoreWeave, Inc. Class A Common Stock news, CFO Nitin Agrawal sold 12,720 shares of CoreWeave, Inc. Class A Common Stock 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 transaction, the chief financial officer now directly owns 231,811 shares of the company's stock, valued at $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 is accessible through the SEC website. Also, insider Kristen J. Mcveety sold 69,460 shares of the company'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 value of $2,778,400.00. The disclosure for this sale can be found here. Insiders have sold a total of 302,940 shares of company stock worth $13,786,546 in the last ninety days.

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.