CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Shares Gap Up – Here’s What Happened

Shares of CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) gapped up prior to trading on Monday . The stock had previously closed at $43.75, but opened at $46.80. CoreWeave, Inc. Class A Common Stock shares last traded at $45.39, with a volume of 1,622,296 shares.

Analysts Set New Price Targets

Separately, DA Davidson upgraded CoreWeave, Inc. Class A Common Stock to a “hold” rating in a report on Sunday, March 30th.

CoreWeave, Inc. Class A Common Stock Stock Performance

Insider Buying and Selling at CoreWeave, Inc. Class A Common Stock

In related news, CFO Nitin Agrawal sold 12,720 shares of the company’s 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 sale, the chief financial officer now owns 231,811 shares in the company, valued at $9,272,440. This represents a 5.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jack D. Cogen sold 220,760 shares of CoreWeave, Inc. Class A Common Stock stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $47.56, for a total value of $10,499,345.60. Following the transaction, the director now owns 126,220 shares of the company’s stock, valued at $6,003,023.20. The trade was a 63.62 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 302,940 shares of company stock valued at $13,786,546.

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.