CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Shares Up 2.5% - Still a Buy?

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) shares shot up 2.5% during mid-day trading on Friday . The company traded as high as $110.39 and last traded at $108.18. 10,069,484 shares changed hands during mid-day trading, a decline of 47% from the average session volume of 18,908,227 shares. The stock had previously closed at $105.55.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CRWV shares. Deutsche Bank Aktiengesellschaft started coverage on CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They issued a "hold" rating and a $45.00 price target on the stock. Jefferies Financial Group initiated coverage on shares of CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They set a "buy" rating and a $51.00 target price for the company. Citizens Jmp raised shares of CoreWeave, Inc. Class A Common Stock to a "hold" rating in a report on Thursday, May 22nd. Needham & Company LLC restated a "buy" rating and set a $55.00 price objective on shares of CoreWeave, Inc. Class A Common Stock in a report on Thursday, May 15th. Finally, Melius Research raised CoreWeave, Inc. Class A Common Stock to a "hold" rating in a research report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $60.94.

CoreWeave, Inc. Class A Common Stock Stock Up 8.0%

The firm has a 50-day simple moving average of $60.06.

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) last released its 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).

Insiders Place Their Bets

In other news, CFO Nitin Agrawal sold 12,720 shares of the business's stock in a transaction 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 acquired a new stake in CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor 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.