Stock Traders Buy 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 some unusual options trading on Monday. Stock traders acquired 94,461 call options on the stock. This is an increase of 21% compared to the average volume of 77,794 call options.

Insider Activity at CoreWeave, Inc. Class A Common Stock

In other news, CFO Nitin Agrawal sold 12,720 shares of CoreWeave, Inc. Class A Common Stock 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 sale, the chief financial officer now directly 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 the SEC website. Also, Director Jack D. Cogen sold 220,760 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $47.56, for a total transaction of $10,499,345.60. Following the sale, the director now directly owns 126,220 shares in the company, valued at $6,003,023.20. The trade was a 63.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 302,940 shares of company stock valued at $13,786,546 over the last ninety days.

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 acquired a new stake in CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) during the first quarter, according to its most recent 13F filing with the SEC. The fund acquired 8,575 shares of the company’s stock, valued at approximately $318,000.

Analyst Upgrades and Downgrades

CRWV has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft assumed coverage on shares of CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They set a “hold” rating and a $45.00 target price for the company. Citigroup assumed coverage on CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They issued a “neutral” rating and a $43.00 target price for the company. Barclays boosted their price target on shares of CoreWeave, Inc. Class A Common Stock from $48.00 to $60.00 and gave the company an “overweight” rating in a research note on Monday, May 12th. The Goldman Sachs Group lifted their price objective on shares of CoreWeave, Inc. Class A Common Stock from $54.00 to $61.00 and gave the company a “neutral” rating in a report on Friday. Finally, Northland Capmk raised shares of CoreWeave, Inc. Class A Common Stock to a “strong-buy” rating in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $55.25.

CoreWeave, Inc. Class A Common Stock Stock Up 7.8%

Shares of NASDAQ:CRWV opened at $86.59 on Tuesday. CoreWeave, Inc. Class A Common Stock has a fifty-two week low of $33.51 and a fifty-two week high of $88.90.

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) last released its earnings results on Wednesday, May 14th. The company reported ($0.83) earnings per share for the quarter, missing analysts’ consensus estimates 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.