CoreWeave, Inc. Class A Common Stock Target of Unusually Large Options Trading (NASDAQ:CRWV)

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

Insider Activity

In other news, insider Kristen J. Mcveety sold 69,460 shares of the firm’s stock in a transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Nitin Agrawal sold 12,720 shares of the company’s stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $40.00, for a total value of $508,800.00. Following the transaction, the chief financial officer now directly owns 231,811 shares in the company, valued at $9,272,440. The trade was a 5.20% decrease in their ownership of the stock. The disclosure for this sale can be found here.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake 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) during the first quarter, according to its most recent filing with the SEC. The firm purchased 8,575 shares of the company’s stock, valued at approximately $318,000.

CoreWeave, Inc. Class A Common Stock Price Performance

CRWV stock traded up $21.94 during trading 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 fifty-two week low of $33.51 and a fifty-two week high of $166.63. The firm’s fifty day moving average is $69.24.

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) last announced its earnings results on Wednesday, May 14th. The company reported ($0.83) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.67).

Analyst Upgrades and Downgrades

CRWV has been the subject of a number of research reports. JPMorgan Chase & Co. raised their price target on CoreWeave, Inc. Class A Common Stock from $43.00 to $66.00 and gave the stock an “overweight” rating in a research note on Friday, May 16th. Citigroup boosted 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 research report on Wednesday, May 21st. Northland Capmk upgraded shares of CoreWeave, Inc. Class A Common Stock to a “strong-buy” rating in a research note on Tuesday, May 13th. Melius assumed coverage on shares of CoreWeave, Inc. Class A Common Stock in a report on Tuesday, April 22nd. They issued a “hold” rating and a $40.00 price objective for the company. Finally, Stifel Nicolaus initiated 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 target price on the stock. Two investment 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 stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target 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.