CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Trading Down 7.1% - What's Next?

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV - Get Free Report) traded down 7.1% during mid-day trading on Monday . The stock traded as low as $36.18 and last traded at $36.30. 1,810,894 shares were traded during mid-day trading, a decline of 88% from the average session volume of 15,348,732 shares. The stock had previously closed at $39.09.

Analyst Ratings Changes

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

CoreWeave, Inc. Class A Common Stock Price Performance

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

In other news, Director Jack D. Cogen sold 220,760 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 126,220 shares in the company, valued at approximately $6,003,023.20. This trade represents a 63.62 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kristen J. Mcveety sold 69,460 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 transaction of $2,778,400.00. The disclosure for this sale can be found here. Insiders sold 302,940 shares of company stock valued at $13,786,546 in 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.

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