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

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) was the target of unusually large options trading activity on Friday. Stock traders acquired 58,260 call options on the company. This is an increase of 16% compared to the typical daily volume of 50,332 call options.

Insiders Place Their Bets

In related news, Director Jack D. Cogen sold 220,760 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $47.56, for a total transaction of $10,499,345.60. Following the completion of the sale, the director now directly owns 126,220 shares in the company, valued at approximately $6,003,023.20. This trade represents a 63.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kristen J. Mcveety sold 69,460 shares of the stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $40.00, for a total transaction of $2,778,400.00. The disclosure for this sale can be found here. Insiders have sold 302,940 shares of company stock valued at $13,786,546 in the last ninety days.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Barclays assumed coverage on CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They set an “overweight” rating and a $48.00 price target for the company. Stifel Nicolaus began coverage on shares of 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 for the company. Melius Research upgraded shares of CoreWeave, Inc. Class A Common Stock to a “hold” rating in a report on Tuesday, April 22nd. Jefferies Financial Group initiated coverage on shares of CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They issued a “buy” rating and a $51.00 target price for the company. Finally, Morgan Stanley assumed coverage on CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They set an “equal weight” rating and a $46.00 price target on the stock. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $46.86.

CoreWeave, Inc. Class A Common Stock Trading Up 16.4 %

Shares of NASDAQ CRWV opened at $51.57 on Friday. CoreWeave, Inc. Class A Common Stock has a 1-year low of $33.51 and a 1-year high of $64.62.

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.