CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Stock Price Down 6% – Here’s Why

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWVGet Free Report) was down 6% during trading on Tuesday . The stock traded as low as $40.42 and last traded at $40.99. Approximately 2,008,047 shares were traded during mid-day trading, a decline of 89% from the average daily volume of 17,602,285 shares. The stock had previously closed at $43.61.

Wall Street Analysts Forecast Growth

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

Read Our Latest Stock Analysis on CRWV

CoreWeave, Inc. Class A Common Stock Trading Down 6.6 %

Insider Buying and Selling 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 shares were sold at an average price of $40.00, for a total value of $2,778,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Nitin Agrawal sold 12,720 shares of the 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 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. Insiders have sold 302,940 shares of company stock valued at $13,786,546 in the last quarter.

CoreWeave, Inc. Class A Common Stock Company Profile

(Get Free Report)

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.

Further Reading

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