Traders Purchase High Volume of Call Options on CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV)

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

CoreWeave, Inc. Class A Common Stock Stock Up 15.7%

CoreWeave, Inc. Class A Common Stock stock traded up $21.94 during trading hours on Monday, hitting $162.10. The company had a trading volume of 29,273,540 shares, compared to its average volume of 21,772,410. CoreWeave, Inc. Class A Common Stock has a one year low of $33.51 and a one year high of $166.63. The business’s 50-day moving average is $69.24.

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) last released 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).

Insider Transactions at CoreWeave, Inc. Class A Common Stock

In related news, 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 transaction of $508,800.00. Following the completion of the transaction, the chief financial officer now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kristen J. Mcveety sold 69,460 shares of CoreWeave, Inc. Class A Common Stock 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.

Institutional Trading of 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 purchased a new stake in CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 8,575 shares of the company’s stock, valued at approximately $318,000.

Wall Street Analyst Weigh In

Several brokerages recently commented on CRWV. Citigroup increased their target price on shares of CoreWeave, Inc. Class A Common Stock from $43.00 to $94.00 and gave the stock a “neutral” rating in a report on Wednesday, May 21st. Macquarie raised their price objective on CoreWeave, Inc. Class A Common Stock from $56.00 to $65.00 and gave the company a “neutral” rating in a report on Thursday, May 15th. Arete Research upgraded CoreWeave, Inc. Class A Common Stock to a “hold” rating in a report on Thursday. Stifel Nicolaus began coverage on CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They set a “buy” rating and a $55.00 price target on the stock. Finally, Jefferies Financial Group initiated coverage on CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They issued a “buy” rating and a $51.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, CoreWeave, Inc. Class A Common Stock currently has an average rating of “Hold” and a consensus target price of $65.00.

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.