Investors Buy Large Volume of CoreWeave, Inc. Class A Common Stock Call Options (NASDAQ:CRWV)

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) was the target of some unusual options trading on Monday. Stock traders acquired 344,017 call options on the stock. This is an increase of 88% compared to the average volume of 183,172 call options.

Insider Activity at CoreWeave, Inc. Class A Common Stock

In related news, 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 stock was sold at an average price of $40.00, for a total value of $2,778,400.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Nitin Agrawal sold 12,720 shares of CoreWeave, Inc. Class A Common Stock stock in a transaction that occurred on Thursday, March 27th. The stock was sold at an average price of $40.00, for a total value 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 represents a 5.20% decrease in their ownership of the stock. The disclosure for this sale can be found here.

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

A hedge fund recently bought a new stake 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) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 8,575 shares of the company’s stock, valued at approximately $318,000.

CoreWeave, Inc. Class A Common Stock Stock Performance

Shares of CoreWeave, Inc. Class A Common Stock stock opened at $162.10 on Tuesday. The firm’s 50-day moving average price is $71.26. CoreWeave, Inc. Class A Common Stock has a 12 month low of $33.51 and a 12 month high of $166.63.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Bank of America boosted their price objective on CoreWeave, Inc. Class A Common Stock from $42.00 to $76.00 and gave the company a “buy” rating in a report on Thursday, May 15th. Citigroup upped their price target on 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. Melius Research raised CoreWeave, Inc. Class A Common Stock to a “hold” rating in a research report on Tuesday, April 22nd. Barclays reaffirmed an “equal weight” rating and set a $100.00 price target (up previously from $70.00) on shares of CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, May 27th. Finally, Melius assumed coverage on shares of CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They set a “hold” rating and a $40.00 target price on the stock. Two research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, CoreWeave, Inc. Class A Common Stock presently has a consensus rating of “Hold” and an average 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.