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

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) was the recipient of unusually large options trading activity on Friday. Stock investors bought 58,260 call options on the company. This represents an increase of approximately 16% compared to the typical volume of 50,332 call options.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on CRWV shares. Deutsche Bank Aktiengesellschaft initiated coverage on shares of CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They issued a “hold” rating and a $45.00 price objective for the company. Bank of America assumed coverage on CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They set a “buy” rating and a $42.00 price target on the stock. JPMorgan Chase & Co. initiated coverage on CoreWeave, Inc. Class A Common Stock in a research note on Tuesday, April 22nd. They issued an “overweight” rating and a $43.00 price objective for the company. Morgan Stanley assumed coverage on shares of CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They set an “equal weight” rating and a $46.00 target price on the stock. Finally, Barclays initiated coverage on shares of CoreWeave, Inc. Class A Common Stock in a research report on Tuesday, April 22nd. They issued an “overweight” rating and a $48.00 price target for the company. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, CoreWeave, Inc. Class A Common Stock currently has a consensus rating of “Hold” and an average price target of $46.86.

CoreWeave, Inc. Class A Common Stock Stock Performance

Shares of 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.

Insider Activity at CoreWeave, Inc. Class A Common Stock

In other news, CFO Nitin Agrawal sold 12,720 shares of the business’s 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 $508,800.00. Following the completion of the sale, the chief financial officer now owns 231,811 shares in the company, valued at approximately $9,272,440. The trade was a 5.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jack D. Cogen sold 220,760 shares of the stock in a transaction on 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 transaction, the director now directly owns 126,220 shares in the company, valued at $6,003,023.20. This trade represents 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 quarter.

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.