CoreWeave Target of Unusually Large Options Trading (NASDAQ:CRWV)

CoreWeave Inc. (NASDAQ:CRWV) saw unusually large options trading on Thursday. Investors bought 373,356 call options on the stock. This represents an increase of 42% compared to the average daily volume of 262,190 call options.

Institutional Investors Weigh In On CoreWeave

Institutional investors have recently made changes to their positions in the company. Western Pacific Wealth Management LP bought a new stake in shares of CoreWeave in the 2nd quarter valued at approximately $82,000. Webster Bank N. A. bought a new position in CoreWeave during the 2nd quarter worth $82,000. Farther Finance Advisors LLC bought a new position in CoreWeave during the 2nd quarter worth $90,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in CoreWeave during the 2nd quarter worth $117,000. Finally, Albion Financial Group UT bought a new position in CoreWeave during the 2nd quarter worth $163,000.

CoreWeave Trading Down 7.6%

Shares of NASDAQ CRWV opened at $132.21 on Friday. CoreWeave has a twelve month low of $33.51 and a twelve month high of $187.00. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 2.60. The firm has a 50 day moving average price of $133.18.

CoreWeave (NASDAQ:CRWV) last issued its quarterly 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).

Analyst Ratings Changes

Several equities research analysts have commented on CRWV shares. HC Wainwright restated a “neutral” rating on shares of CoreWeave in a research note on Monday. Mizuho restated a “neutral” rating and set a $150.00 price target (up from $70.00) on shares of CoreWeave in a research note on Tuesday, July 8th. Wells Fargo & Company upped their price target on CoreWeave from $50.00 to $60.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 15th. The Goldman Sachs Group upped their price target on CoreWeave from $54.00 to $61.00 and gave the stock a “neutral” rating in a research note on Friday, May 16th. Finally, Arete Research upgraded CoreWeave to a “hold” rating in a research note on Thursday, June 5th. Three investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $78.95.

CoreWeave 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.