Shares of CoreWeave Inc. (NASDAQ:CRWV - Get Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as $175.38 and last traded at $171.93, with a volume of 32272933 shares traded. The stock had previously closed at $158.50.
Wall Street Analyst Weigh In
CRWV has been the subject of a number of research reports. Northland Capmk upgraded CoreWeave to a "strong-buy" rating in a research report on Tuesday, May 13th. Arete assumed coverage on CoreWeave in a research report on Thursday, June 5th. They set a "neutral" rating and a $130.00 target price for the company. Macquarie raised their target price on CoreWeave from $56.00 to $65.00 and gave the stock a "neutral" rating in a research report on Thursday, May 15th. Melius Research upgraded CoreWeave to a "hold" rating in a research report on Tuesday, April 22nd. Finally, JMP Securities assumed coverage on CoreWeave in a research report on Thursday, May 22nd. They set a "market perform" rating for the company. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, CoreWeave currently has a consensus rating of "Hold" and an average price target of $65.00.
Check Out Our Latest Stock Report on CoreWeave
CoreWeave Stock Down 1.1%
The stock's 50-day simple moving average is $89.11.
CoreWeave (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).
Insider Buying and Selling
In other news, insider Kristen J. Mcveety sold 69,460 shares of the business's stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $40.00, for a total value of $2,778,400.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Nitin Agrawal sold 12,720 shares of the business'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 $508,800.00. Following the completion of the sale, the chief financial officer now owns 231,811 shares in the company, valued at approximately $9,272,440. This trade represents a 5.20% decrease in their ownership of the stock. The disclosure for this sale can be found here.
Institutional Trading of CoreWeave
An institutional investor recently bought a new position in CoreWeave stock. Gamco Investors INC. ET AL bought a new position in shares of CoreWeave Inc. (NASDAQ:CRWV - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 8,575 shares of the company's stock, valued at approximately $318,000.
About CoreWeave
(
Get Free Report)
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.
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