CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Trading Down 6% - Here's Why

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report)'s stock price fell 6% during mid-day trading on Tuesday . The stock traded as low as $40.42 and last traded at $40.99. 2,008,047 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 17,602,285 shares. The stock had previously closed at $43.61.

Wall Street Analysts Forecast Growth

Separately, DA Davidson upgraded CoreWeave, Inc. Class A Common Stock to a "hold" rating in a research note on Sunday, March 30th.

CoreWeave, Inc. Class A Common Stock Trading Down 4.0 %

Insider Buying and Selling

In other CoreWeave, Inc. Class A Common Stock news, Director Jack D. Cogen sold 220,760 shares of the business's stock in a transaction dated 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 completion of the sale, 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Nitin Agrawal sold 12,720 shares of the firm'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 transaction 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. This represents a 5.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, 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.