CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWV) Shares Down 7.1% – Should You Sell?

CoreWeave, Inc. Class A Common Stock (NASDAQ:CRWVGet Free Report)’s share price was down 7.1% on Monday . The stock traded as low as $36.18 and last traded at $36.30. Approximately 1,810,894 shares traded hands during trading, a decline of 88% from the average daily volume of 15,348,732 shares. The stock had previously closed at $39.09.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Analysis on CRWV

CoreWeave, Inc. Class A Common Stock Trading Down 10.9 %

Insider Transactions at CoreWeave, Inc. Class A Common Stock

In other CoreWeave, Inc. Class A Common Stock news, CFO Nitin Agrawal sold 12,720 shares of the business’s stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $40.00, for a total value of $508,800.00. Following the completion of the sale, the chief financial officer now directly owns 231,811 shares of the company’s stock, valued at $9,272,440. The trade was a 5.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Jack D. Cogen sold 220,760 shares of the firm’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 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. In the last ninety days, insiders sold 302,940 shares of company stock worth $13,786,546.

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.

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