CoreWeave, Inc. Class A Common Stock Target of Unusually Large Options Trading (NASDAQ:CRWV)

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) saw unusually large options trading activity on Monday. Stock investors purchased 344,017 call options on the stock. This represents an increase of approximately 88% compared to the average daily volume of 183,172 call options.

Insider Transactions at CoreWeave, Inc. Class A Common Stock

In related news, insider Kristen J. Mcveety sold 69,460 shares of the firm'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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Nitin Agrawal sold 12,720 shares of the stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $40.00, for a total value of $508,800.00. Following the sale, the chief financial officer now directly owns 231,811 shares in the company, valued at $9,272,440. This trade represents a 5.20% decrease in their position. 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 purchased a new stake in shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 8,575 shares of the company's stock, valued at approximately $318,000.

Wall Street Analysts Forecast Growth

Several research analysts have commented on CRWV shares. Northland Capmk raised shares of CoreWeave, Inc. Class A Common Stock to a "strong-buy" rating in a report on Tuesday, May 13th. JPMorgan Chase & Co. lifted their price objective on CoreWeave, Inc. Class A Common Stock from $43.00 to $66.00 and gave the company an "overweight" rating in a research note on Friday, May 16th. Barclays restated 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 report on Tuesday, May 27th. Wall Street Zen cut CoreWeave, Inc. Class A Common Stock from a "hold" rating to a "sell" rating in a report on Thursday, May 22nd. Finally, 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 research report on Thursday, May 15th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $65.00.

CoreWeave, Inc. Class A Common Stock Trading Down 0.5%

Shares of NASDAQ:CRWV traded down $0.73 on Thursday, reaching $148.97. 15,184,339 shares of the company traded hands, compared to its average volume of 21,773,605. The business has a 50-day simple moving average of $75.32. CoreWeave, Inc. Class A Common Stock has a 52 week low of $33.51 and a 52 week high of $166.63.

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) last posted its quarterly earnings results on Wednesday, May 14th. The company reported ($0.83) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.67).

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.