CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Hits New 52-Week High – Should You Buy?

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $117.50 and last traded at $113.75, with a volume of 8779846 shares. The stock had previously closed at $102.74.

Analyst Ratings Changes

Several research analysts have issued reports on CRWV shares. Bank of America raised their price target on shares of CoreWeave, Inc. Class A Common Stock from $42.00 to $76.00 and gave the stock a “buy” rating in a report on Thursday, May 15th. Morgan Stanley lifted their target price on shares of CoreWeave, Inc. Class A Common Stock from $46.00 to $58.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 15th. Melius began coverage on CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They set a “hold” rating and a $40.00 price target for the company. Mizuho raised their target price on CoreWeave, Inc. Class A Common Stock from $46.00 to $70.00 and gave the company an “outperform” rating in a research report on Thursday, May 15th. Finally, Stifel Nicolaus started coverage on shares of CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They issued a “buy” rating and a $55.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, CoreWeave, Inc. Class A Common Stock currently has a consensus rating of “Hold” and a consensus price target of $60.94.

CoreWeave, Inc. Class A Common Stock Trading Up 14.2%

The company’s fifty day simple moving average is $55.18.

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) last released 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 other CoreWeave, Inc. Class A Common Stock news, CFO Nitin Agrawal sold 12,720 shares of the firm’s stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $40.00, for a total transaction of $508,800.00. Following the transaction, the chief financial officer now owns 231,811 shares of the company’s stock, valued at approximately $9,272,440. This trade represents a 5.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Jack D. Cogen sold 220,760 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $47.56, for a total value of $10,499,345.60. Following the completion of the transaction, the director now directly owns 126,220 shares in the company, valued at approximately $6,003,023.20. The trade was a 63.62% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 302,940 shares of company stock worth $13,786,546.

Institutional Investors Weigh In On CoreWeave, Inc. Class A Common Stock

An institutional investor recently bought a new position in CoreWeave, Inc. Class A Common Stock stock. Gamco Investors INC. ET AL bought a new stake in CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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.